Luxbet was launched in September 2008 by Tabcorp Holdings, now an ASX Top 50 listed company. Tabcorp also owns and operates TAB Sportsbet and manages many leading customer brands in Australia. These include Keno, Tabcorp Gaming Solutions, Sky Racing and Sky Sports Radio.
Tabcorp’s three major business units of Wagering, Gaming and Keno employ more than 2,000 staff in Australia. TAB Sportsbet is licensed in NSW and Victoria, while Luxbet is licensed in the Northern Territory. Tabcorp pays a share of Luxbet’s profits to the racing industries of NSW and Victoria.
Luxbet is still a fairly new entry to online sports betting and currently boasts a very generous bonus offer. Sign up with Luxbet and your first deposit will be doubled with a free bonus bet up to $500. This is a number that we’re seeing as a maximum with most companies.
What’s more, you can also spread the risk with your free bet into as many smaller bets as you wish. This is a big improvement on many other bookmakers who restrict you to a set number of bets with your Welcome Bonus. The Free Bet Bonus can also be wagered on either Sports or Racing.
Luxbet frequently offers better value odds than TAB Sportsbet as it seeks to consolidate its market share. Luxbet claims to be Australia's most progressive bookmaker and is constantly seeking to improve the service.
Luxbet promote their Best Of The Best (BOB) and LuxDiv as Australia’s highest paying racing products. BOB offers the best dividend of the three Totes or the top on-course fluctuation on Saturday metro races. This offer is not unique to Luxbet and is now mirrored by other leading bookmakers. LuxDiv offers the best dividend of the three Totes or the on-course SP on all Australian Thoroughbred races.
Luxbet Promotions are accessible via the “Weekly Specials” link on the main page. There are daily promotions on a wide variety of sports including horse racing, rugby, harness racing and greyhound racing.
Luxbet Site Review
The website has received excellent reviews and is proving very popular with punters. Gone are the days of betting sites heavily laden with time-consuming graphics. Instead, Luxbet have adopted the tried and tested formula of simple tabs to bring up the menu for your selected sport.
Under the horse racing link, you are just a click away from the event of your choice with an easy-to-read race card. The races are numbered across the top for quick access and the odds displayed alongside each runner. You can also access the full race card by clicking the “All” tab after the last race.
The display is very basic but provides all of the essential information for placing your bet. Luxbet also provide the odds in a very concise manner, saving the punter valuable time. The site is very much designed with the more experienced punter in mind although the novice will have no difficulty finding their way around. If you want lots of statistics and information, this is probably not the site for you. There are quick links to betting guides on the main featured sports, but they are very basic. Some of them are a little out of date too and poorly written.
The betting slip is displayed in the usual place on the right hand side of the page. Once you have made your selection and entered your stake, your potential winnings are displayed prior to placing the bet. The ‘Quick Multis’ link enables you to quickly create multiple bets. In terms of ease of use, Luxbet is already up with the very best of bookmaker sites.
Luxbet provides Live Help online, plus email and telephone support. There is also a FAQ page to answer your more basic queries and a “Search” to narrow down the nature of your enquiry.
Luxbet has a very competitive bookmaker margin of just under 5% and are gaining a reputation for providing good value. They have also extended their market range considerably in the past few months and their service continues to improve.
AFL and NRL are extremely well catered for with their coverage of Rugby and American sports also rivalling the biggest bookmakers in Australia. The Horse racing service is good with a daily diet of domestic and UK racing plus the big International meetings. A number of Tote options are offered for most races with fixed odds available on the big races. They could certainly do with updating their sports articles but this is only a minor quibble on an otherwise excellent site.
Being backed by Tabcorp, Luxbet is a safe betting environment and with one of the most user-friendly interfaces in the business. The site design suits both the experienced punter and the novice alike and the huge welcome bonus is second to none. At the end, we all have our own taste, but the bonus makes it a nobrainer for a test-run.
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