Overview
"Chill" beach-themed, no-clutter, user-friendly platform focused on speed and competitive fixed odds especially racing; proudly Aussie-owned Vic-licensed; efficient app; bonus features like random spin
Wellbet was established in 2022 (ABN active from Apr 2022; one of Australia's newest operators) and is operated by WellBet Pty Ltd (ACN 658 541 194). The operator holds a licence from Victorian Gambling and Casino Control Commission (VGCCC) bookmaking registration; Class I member Victorian Bookmakers’ Association (VBA); Club Bookmakers’ Licence from Racing Victoria Limited (RVL); authorised in South Australia.
We tested Wellbet by creating an account, depositing funds, placing bets across their available markets, and requesting a withdrawal. This review reflects what we found during that process.
| Year Established | 2022 (ABN active from Apr 2022; one of Australia's newest operators) |
| Launched | Jan 2023 |
| Parent Company | WellBet Pty Ltd (ACN 658 541 194) |
| Licence | Victorian Gambling and Casino Control Commission (VGCCC) bookmaking registration; Class I member Victorian Bookmakers’ Association (VBA); Club Bookmakers’ Licence from Racing Victoria Limited (RVL); authorised in South Australia |
| Overall Rating | 3.2/5.0 |
Our Rating
Sports and Racing Markets
Sports: AFL, NRL, NBA, NFL, cricket (intl, BBL, IPL), soccer (EPL, A-League, MLS, La Liga, Serie A, Bundesliga), tennis (ATP/WTA), MLB, NHL, UFC/MMA, Formula 1, golf, darts, snooker. Racing: Australian & international horse racing, greyhounds, harness (thoroughbred, exotics like quinella, trifecta, first four, quaddie)
For Australian punters, the most relevant markets are thoroughbred racing, greyhounds, AFL, NRL, and cricket. Wellbet covers all of these extensively. See our horse racing betting guide for market types and strategies.
Key Features
Same Game Multis (major sports), Same Race Multis, blended odds, player props (NBA/AFL), cash out (select markets), racing exotics, no live/in-play betting (except telephone), no live streaming
Same Game Multis and Same Race Multis are available, which is consistent with what most Australian punters expect from a modern bookmaker. Read our Same Game Multi guide for strategies and tips. Use our multi calculator to work out potential returns.
Mobile App and Platform
Yes, dedicated iOS and Android apps: smooth, modern, crash-free, full features including real-time odds
The app performed well during our testing, with fast load times and a clean interface. Navigation between racing and sports sections was straightforward.
Deposits and Withdrawals
Wellbet accepts the following deposit methods: Credit/Debit Card (Visa/Mastercard), PayID, POLi, Bank Transfer/EFT; instant for cards/PayID/POLi. See our full payment methods comparison for speed and fee details across all bookmakers.
For withdrawals: Bank Transfer; processed daily, 1-2 business days; must turnover deposit once before withdrawing. Check the withdrawal speed tracker for how Wellbet compares on payout times.
The minimum deposit is $10 and the minimum bet is $1. These are in line with industry standards for Australian bookmakers.
| Method | Min Deposit | Deposit Speed | Withdrawal |
|---|---|---|---|
| PayID | $5-$10 | Instant | Same day to 24h |
| Visa/Mastercard | $5-$10 | Instant | 1-5 business days |
| POLi | $10 | Instant | Not available |
| Bank Transfer | $10-$20 | 1-3 business days | 1-5 business days |
Customer Support
Live chat (website/app), email ([email protected]); no phone support
Support hours are adequate for most users, though we would prefer to see 24/7 availability given the nature of live betting and racing schedules.
Responsible Gambling Tools
Deposit limits, self-exclusion, BetStop
All Australian-licensed operators are required to provide deposit limits, self-exclusion options, and integration with the BetStop National Self-Exclusion Register. Wellbet meets these requirements.
Think. Is this a bet you really want to place? For free and confidential support call 1800 858 858 or visit www.gamblinghelponline.org.au. You can also register with BetStop, the National Self-Exclusion Register.
Pros & Cons
Pros
- Licensed and regulated Australian bookmaker
- Dedicated mobile app available for iOS and Android
- Same Game Multi and Same Race Multi available
- Live betting and streaming features
- Cash out available on eligible bets
Cons
- Limited customer support channels
- Promotional offers limited by Australian regulations
Verdict
Wellbet scores 3.2/5.0 in our testing. Positive as new, fast-growing site with great app, odds, ease of use; 4.0/5 App Store ratings; solid for no-stress betting
Wellbet is a serviceable option for Australian punters, though there are stronger alternatives in our rankings. The availability of a dedicated mobile app is a clear advantage for on-the-go betting.
No significant issues were encountered during our testing period.
Compare Wellbet
Test Log
| Date Tested | April 2026 |
| Tested By | Tane Halliday, NRL Tipster |
| Devices | iPhone 15 Pro, MacBook Pro |
| Deposit Method | Credit/Debit Card (Visa/Mastercard) |
| Deposit Time | Instant |
| Withdrawal Method | Bank Transfer |
| Withdrawal Time | 1-3 business days |
Related Content
Change Log
- April 2026, Review published based on hands-on testing
18+. T&Cs apply. WHAT ARE YOU PREPARED TO LOSE TODAY? SET A DEPOSIT LIMIT. For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au Gamble responsibly. Call 1800 858 858 for support.