MidasBet Review

– Chris Flavell
AussieBet Editor

MidasBet is a great choice for anyone that wants to quickly and easily bet on all the latest sports and racing markets without over complicating matters. This bookie is excellent at highlighting the latest events to bet on, especially when it comes to racing markets

– Chris Flavell AussieBet Editor

MidasBet Review – Great for Racing Odds

MidasBet is a good new bookmaker that makes betting on racing and sport quick and easy to do. This bookie is great at telling you which events are next to go and makes it simple to switch between markets

In this review, I’ll discuss more about what MidasBet does best and delve deeper into the general customer experience, payment options, customer support channels, and those key sports markets.

MidasBet Australia Overview

MidasBet is still a relatively new Australian bookmaker after being launched in 2022. It is licensed in the state of New South Wales and is a member of the NSW Bookmaker’s Co-operative, which is an association that guarantees payments of all winning bets placed with their members.

It is horse racing, greyhound racing and harness racing that immediately stands out when you visit this online betting site. They offer impressive coverage of both local and international events but also have a good selection of sports markets as well.

It is this mix of sport and racing and the simple and effective way the odds are presented that makes MidasBet one of Australia’s best betting sites and one that makes wagering online easy to understand.

MidasBet Horse Racing

The highlight for me when reviewing MidasBet was just how much the prioritise showing you the latest racing odds. Horse racing betting is very well catered for throughout the site and see the latest odds is a huge priority.

I love the fact that the racecards have a prominent countdown clock so you can see how long you have to bet before the racing gets underway. I also like how you can easily switch between horse racing, greyhound racing and harness racing, or just to a round-up of the next events to begin.

MidasBet makes it simple to bet on almost any Australian race. International events from the UK, US, Japan and South Africa are also covered. I do think the racecards could have a little form information but they generally do the job.

You can also expect the most popular betting markets, including win/place, quinella, exacta, trifecta, first four and quaddie bets. A selection of Tote betting options is also available.

MidasBet Sports Betting

It isn’t all just about racing with MidasBet. I was also impressed with the solid selection of sports markets available as well.

Soccer, cricket, AFL, NRL, NBA, boxing, and many more are all available, including many of the top events for each sport. Odds are clearly displayed and easy to find, even for future events.

Overall, I think the selection could be slightly larger, such as adding UFC odds or eSports betting, but generally, the choice of sports odds is good and all the most popular options are there.

MidasBet also offers multi betting for combining different sports results and same game multis for betting on a range of markets within the same event, such as bookings in a soccer match combined with shots on target. Odds boosts on some of the top sports are also offered by this bookie.

MidasBet Betting Bonuses

You can get bonus bets and welcome promotions as soon as you have registered a new account with MidasBet. You won’t be able to see potential bonuses beforehand due to Australian gambling regulations.

But just because you can’t see them, doesn’t mean they don’t exist. The promotions section is accessible from the homepage and quick to find. Just log in to see the latest promotions. It is always worth heading to this section as soon as you register just in case there are any specific first deposit bonuses you can take advantage of.

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MidasBet

4/5

Visit Site MidasBet Review

Strong New Aussie Bookie

Excellent Racing Focus

Simple to use site, impressive racing focus, popular sports odds available

Payment methods (5 in total):

App availability

Close – Open +

Good Racing and Sports Odds

MidasBet App

I really liked the MidasBet app just because of how simple it was to see the latest odds and bet on them. When you are on the move and betting from a mobile device, this simplicity you get from MidasBet is actually a big plus point.

The MidasBet app is available both iOS and Android devices and can be downloaded from the App Store and Play Store. A link to this is also clearly shown on the desktop site.

I found the app to be simple to navigate and it was the ease at which you can switch between racing, sports, promotions, and the customer support options that stood out as one of the best betting apps. The general design of MidasBet, especially the countdown clocks for the next race due off, lends itself very well to betting on the app.

The app also gives access to exclusive offers across sports and racing, so don’t forget to head to the promotions section once you have registered your account and downloaded the betting app.

Live Streaming Not Available

At the time of writing, MidasBet isn’t offering live streaming for punters. This would be an excellent feature that would shift MidasBet into the very top choices for online bookies. However, it is only larger, more established brands that offer this and many competitors also don’t have live streaming.

If you want to watch live streams with a bookmaker then bet365 and Unibet would be your best choices. Bet365 really is one of the best live streaming betting sites in Australia. You can stream numerous sports or racing events across the sporting calendar. Unibet is also another great option.

Live Streaming Alternatives

• Plethora of live events
• Reliable brand
• Live odds shown

bet365 review

• Good choice of streams
• Live betting odds
• Great for betting stats

Unibet review

Does MidasBet Have Live Betting?

Another element that MidasBet could add to take their offering to another level is live betting. No in-play odds are available at the moment.

Betting regulations mean that you mainly have to call up to place live bets in Australia and in-play horse racing betting isn’t usually covered even by the biggest online bookies. However, live sports betting does add to the betting opportunities, so it would be great to see this added in future.

If live betting is vital for you and placing in-play wagers is a must then you should consider joining Betfair instead. Because this is a betting exchange it means it is the only online bookie where you can place live bets online in just a few clicks.

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Betfair

4/5

Visit Site Betfair Review

Live Betting Online

Betting Exchange

Place live bets online, The Betfair Hub, High-value odds

Payment methods (4 in total):

Minimum Deposit:

AU $5

Withdraw Time:

1-3 Days

Licences:

Northern Territory

App availability

App availability:

Close – Open +

Unique Betting Product – So Far Undisputed

MidasBet Payment Methods

MidasBet has a basic but good selection of betting payment methods, which includes POLi, debit cards, PayID, and bank transfer. While this isn’t as many as some other bookies, it is an okay number when compared to some bookies of a similar size.

You can only withdraw with debit card and the minimum withdrawal amount is set at $10. You must have had your identity successfully verified before your will be able to withdraw funds from your betting account.

Withdrawal Times

Withdrawals are processed after 11am AEST Monday- Friday excluding weekends/public holidays. Withdrawals received by 11am AEST will be processed on the same day. The funds generally reach your account on the same day but can take up to 24-48 hours depending on your bank.

I did make sure to test a few withdrawals with MidasBet to highlight the time it takes to get the funds back into your bank account. On average it took 30 hours and 50 minutes to get the funds. Many different factors can influence this time but it is just to give you a general idea of who it was when tested.

Does MidasBet Have Good Customer Support?

I was impressed that MidasBet had live chat support but also with how quickly they answer any queries on both desktop and mobile. The live chat icon is easy to located in the corner of the site and you are soon highlighting any issues and getting a response from a customer support agent.

The live chat isn’t available 24/7 and is closed during the evening. However, when the live chat option is no longer available you then have the option to ask a question that will then be answered when the service resumes.

There is also an option to send an email to MidasBet or refer to the MidasBet FAQ section or general terms. The number of questions and general detail in the FAQ section isn’t as good as it could be but still covers all the usual topics, such as withdrawal info and registration details.

MidasBet Contact Details

Is MidasBet Safe?

MidasBet is licensed in the state of New South Wales by GWIC and regulated by Liquor and Gaming NSW. It is also a member of the NSW Bookmaker’s Co-operative, which is an association that guarantees payments of all winning bets placed with their members.

Being licensed in NSW means MidasBet has to comply to a high standard of customer service and have good safety measures and responsible gambling awareness. All of this is evident when assessing MidasBet for this review.

They have links to gambling help services and offer the chance to self-exclude yourself from the site, either temporarily or permanently.

Conclusion

MidasBet is a very simple bookmaker that knows exactly what punters want. It makes it quick and easy to see all the latest odds and doesn’t overcomplicate matters in this regard.

Added features, such as odds boosts, best Tote products, and a good selection of markets, help MidasBet give customers a streamlined way to wager. I love the focus on racing and the betting app offers everything the desktop site does while being easy to navigate and bet on the go. It is a solid addition to the Aussie betting scene.

MidasBet is a straightforward Australian bookie that prioritises all the latest racing and sports betting markets. Check out our overview before signing up.

MidasBet Overview