Horse Racing punters, take note of our Bet365 review. When it comes to betting on Australian horse races, this is the holy grail of betting accounts!
For the pony punters, the Bet365 starting price guarantee is the closest thing to a perfect punting product that you’ll find.
Basically, if the on track ‘starting price’ for the runner you bet in the fixed odds market and that horse happens to win, then you’ll receive those odds instead of your lower fixed odds!
For those punters that like to shop early and pick-off the early prices this is a great insurance policy to take out when you are betting into markets of 130% or higher.
Couple this with the fact that Bet365 is notorious for being errant with their early racing markets and there’s some big opportunities for profit.
*Disclaimer, they do have a bit of a reputation for limiting and closing ‘sharp’ accounts who snipe prices and are considered too good. The good thing though with the minimum bet laws in both Victoria and New South Wales you are guaranteed to get a decent bet on with the insurance of this wonderful promo.
Bet365 the company is based in the UK and obtained an Australian license in 2012. They have a strong gaming presence all around the world including many parts of Asia, South America and Canada.
For Australian users, Bet365’s sportsbook products are now licensed and regulated by the Northern Territory Racing Commission as opposed to the UK Gambling Commission.
Due to bet365’s Australian license, it cannot offer in-play betting online. Australian customers must phone in to bet live. This is a big draw down for Bet365 who are known as leaders in worldwide in-play betting on their low-load time flash driven website.
They have a stack of markets for a variety of sporting events all around the world.
Positives
- Fast, simple and easy to use interface
- Betting selection in terms of markets for both sports and racing
- Often ‘first to market’ with odds on upcoming races and sports
- $0.25 minimum bet
- Ample ways to deposit and withdrawal funds from your betting wallet
- Generally speaking, competitive prices and margins.
- Video and audio feeds during many live events including NBA, Tennis and NFL
- For all Australian Horse Racing if you select Fixed Win and the official bookmakers’ Starting Price is greater, you will be paid out at the higher odds – SP guarantee!
Negatives
- Live online betting is no longer available to Australian punters (although betCall is now available)
- Have been known to suspend or limit the accounts of successful punters, particularly those who bet early fixed odds on Horse Racing and get ‘overs’.
- No ‘Live Chat’ feature
- Less betting promotions than some of their competitors
- Slightly dated and old looking platform
The image above is an example of Bet365’s live betting centre where they have an incredible amount of live markets and vision or a graphic display for all of them as well.
If Australia ever loosens its laws around betting live on-line without having to call up to place the bet Bet365 will become one of the most popular Aussie sportsbook options (like it is in Asia and Europe).
Bet365 do offer markets on just about anything in terms of global sport. They are truly a global bookmaker and the best part is they have live vision on sports from all around the world.
While they might limit your stake or potential winnings if your business is deemed too sharp they are certainly a worthwhile account to have in the draw.
**Helpful tip: If you want to back a horse to win more than $1,000 and you can get the same price at multiple bookmakers. Try and spread your stake across those bookmakers so to not draw attention to your account.