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Palmerbet Review

Last updated on: 06/07/2022
Aussie-owned bookie
Good odds for horse racing
No live streaming
Payment Methods
4.5
Based on deposits and withdrawals

As well as debit/credit card options, Palmerbet also offers bank transfer, BPAY, PayPal and POLi to customers. Their withdrawal options are shorter, with only cards and bank transfers the choice at present.

Deposits
Min: $10
Min: $10
Min: $10
Min: $25
Withdrawals
Sports & Features
4.5
Overall sports and features provided

Palmerbet covers plenty of sports and horse racing markets on their site. They are particularly good at pricing up Aussie sports and major races.

Sports
Horse racing Horse racing 40+ Soccer Soccer 100+ Golf Golf 20+ Tennis Tennis 30+ Basketball Basketball 50+ Cricket Cricket 50+
Features
Bet Builder Enhanced Odds Politics bets
Security
4.5
Overall Security Rating

Palmerbet has good safety features, including 2048-bit encryption. They hold an official license issued by the Government of New South Wales.

Encryption
Player Protection
Support
4
Overall Customer Support Rating

Palmerbet don’t offer live chat support but help is available over the phone or by email. This is a slight negative as this can take slightly longer.

Live Chat
No
Phone Number
Email
Best Feature
100% AUSSIE
Great App
Traditional Values and Great Betting App
14
If you’re searching for a 100% Australian owned bookie, PalmerBet is the prime choice! Here you’ll find an unmatched selection of domestic and international races, as well as all of the top sports events. PalmerBet offers a clean looking interface that would be easy to grasp even for complete beginners. Their betting apps are also top-notch, so don’t miss to give them a look.

Palmerbet Review – A Favourite for Aussie Punters

Palmerbet is easily one of the favourite betting brands among Aussies. They have been my top choice for horse racing betting over the last few years. I have a lot of insights to share regarding the Palmerbet’s sports betting products, payment methods, customer support and much more.

Even though I’m a customer myself, I won’t shy away from pointing out any flaws. In case you’re new in the world of online betting, this Palmerbet review can help you a great deal to decide whether it’s the right fit for you.

The Pros of Palmerbet
  • 100% Aussie owned and proud of that fact
  • Great odds on sports and horse racing
  • Free tips for members on the Palmerbet Blog
The Cons of Palmerbet
  • No live streaming

Palmerbet Overview

When I said Palmerbet is 100% Aussie, I really meant that! Long-standing Australian bookmaker Ted Palmer founded the company over 30 years ago, and ever since it stayed a family business. That’s one of the things I like the most about Palmerbet. Unlike huge corporations such as bet365 and Unibet, this operator still feels like a family-run firm that really cares for its customers.

Ted Palmer is long retired, but his heirs Grant and Andrew have been more than successful in running the show. Under their command, Palmerbet became an approved partner of NRL, ARU, AFL, Tennis Australia and Cricket Australia. This is another thing why I keep coming back to Palmerbet – they are an excellent choice for betting on national sports and leagues.

Even though they are very strong when it comes to sports betting, horse racing is still the thing that made Palmerbet one of the best Australian betting sites. The Palmer family is long associated with Australian horse racing, even before they made success with Palmerbet. Until this day, Palmers have pitches on all Metropolitan Sydney tracks, so it’s safe to say that they have a lot of hands-on experience with betting on Aussie horse races. We will make a much deeper dive into the selection of racing markets and the quality of odds down below.

Palmerbet Horse Racing

palmerbet mobile screenshots

It’s safe to say that Palmerbet is one of the best places for racing bettors. This is even more the case if you prefer to wager on domestic events. They entered the business as an on-track bookie, meaning that Palmerbet know what’s important about betting on horses.

When you enter the site, it all screams ‘Horse racing’. I personally like this in-your-face approach, since you’ll know right away that Palmerbet is indeed a racing betting hub. If you take a look at the left side of the screen, you’ll notice that horse racing is listed at the top. Centre of the screen is reserved for the best upcoming races, while on the far right, you’ll see the list of events that are about to start.

You just open the site and BOOM – all you need to place a bet is just one click away. Palmerbet also boasts a racing stats centre where keen punters can take a deeper dive into the form before betting. They also have a comprehensive list of futures markets, especially for the Aussie racing calendar.

Horse Racing Odds and Markets

As you could probably guess by now, Palmerbet offers all of the horse racing betting options you can think of. These are just some of the wagers. For big races, you can expect to find even more bets!

  • Exactas
  • Trifectas
  • Quinellas
  • First 4s
  • Quaddies
  • Tote +5%
  • Tote +10%
  • Best of Two
  • Middle Tote
  • Top Fluc
  • Best of the Best

Note that if you’re a horse owner, Palmerbet will give you BOB (Best of the Best) odds every time via the Owner’s Odds feature.

On the other hand, if we talk about the odds for us who aren’t lucky enough to own racing horses, Palmerbet still holds its ground. Rather than just asking you to believe my word on this, I’ll show you how great Palmerbet prices are by doing an odds comparison test.

Palmerbet Racing Odds Comparison
Flemington
Palmerbet
bet365
Unibet
Ashlor5.505.005.00
Snitzkraft7.007.007.00
Gee Gee Secondover4.004.003.90
Bumper Blast6.506.506.50
Irish Mint6.006.006.00
Mister Mogul6.006.006.00
Sunday Pray19.0019.0019.00
Fight10.009.509.50
Overround121.5%123.8%124.4%

The table undoubtedly shows that in this case (event by random choice) Palmerbet offers the highest odds. As you can see, we haven’t compared them against some low-end bookies. Unibet and bet365 are among the best operators around, but still, Palmerbet managed to end on top. That’s one of the reasons I instantly loved them in the first place.

Palmerbet Horse Racing Payout Limits

Since there are so many players who like to bet big, almost all of the bookies, including Palmerbet, are imposing the max win limits. Here are some of their limits for Australian horse racing. In case you want to see the full list, visit the ‘Rules’ page on the Palmerbet website.

Palmerbet Maximum Payouts - Horse Racing
Win and Place

$300k Metropolitan / $150k Non-Metropolitan

Same Race Multi

$50k Metropolitan / $50k Non-Metropolitan

Quinella

$200k Metropolitan / $50k Non-Metropolitan

Exacta

$100k Metropolitan / $30k Non-Metropolitan

Trifecta

$200k Metropolitan / $50k Non-Metropolitan

First Four

$200k Metropolitan / $50k Non-Metropolitan

Quaddie

$300k Metropolitan / $100k Non-Metropolitan

Early Quaddie

$100k Metropolitan / $25k Non-Metropolitan

Big 6

$300k Metropolitan / $100k Non-Metropolitan

Betting Without

$50k Metropolitan / $25k Non-Metropolitan

Odds/Evens

$50k Metropolitan / $25k Non-Metropolitan

Sports Betting at Palmerbet

It is so easy to move around the Palmerbet website and find the sports you want to bet on. I’m sure you’ll like the simple and bright design, as it makes placing bets so easy. You’ll see the list of the most popular sports on the left-hand side.

If you want to bet on some of the more exotic events, click the All Sports button. One of the options I use the most is the ‘Upcoming’ tab where you can see all the games that are about to start. I appreciate nothing more than a user-friendly interface, and Palmerbet nails that part!

The range of sports on offer is good, but nothing more than that. It’s comparable with what other local bookies offer, such as BlueBet. When I want to bet on some exotic sports, like netball or surfing, the likes of bet365 and Unibet have proven to be a superior option. However, Palmerbet is fantastic for betting on local sports. They know the needs of Aussie punters and have strong connections with many Australian leagues.

Again, don’t trust my word for it. Check out the odds comparison table below to see that Palmerbet is up there with the best when it comes to sports odds.

Palmerbet Sports Odds Comparison
AFL Team
Palmerbet
Unibet
bet365
GWS Giants1.871.871.86
Brisbane Lions1.931.951.92
Overround105.3%104.8%105.8%

Palmerbet Live Betting

Palmerbet does offer live betting, but they are not exactly the best in the business in this category. You’ll find all of the in-play markets under the menu on the left-hand side. I personally don’t think that they are that good, simply because there aren’t so many live markets available. In simple words, the in-play betting experience is not as convenient as with some other top Aussie bookmakers. But in all honesty – I’m probably just nit-picking here. If you want to place an in-play bet, Palmerbet will still do the job.

All of you who have any experience with online betting in Australia know that bookies around here aren’t allowed to accept live bets online. So, in case you want to place an in-play wager with Palmerbet, you should give them a call on 1300 123 238 and state your bet. The operators will do the rest. We have made a step by step guide to help you along:

How to place a live bet at Palmerbet?

  1. Open an account with Palmerbet by clicking here
  2. Click the ‘Live Betting’ option on the website/mobile app
  3. Find the odds you want
  4. Call 1300 123 238 to place your bet
(The minimum in-play bet is $20)

Live Streaming

Palmerbet doesn’t offer live streaming of sporting or racing events. Yes, it sucks. In my opinion, the lack of live streaming is the biggest downside of betting with this betting site. There is nothing better than to place a bet and then watch the game live, all without ever having to leave the betting website.

We all hope that Palmerbet will introduce this option soon since it could quickly propel it to the very top of the Australian betting market. Until then, note that our bet365 review highlights their unmatched live streaming platform where you can watch hundreds of local and international races and sports events.

Palmerbet App

Nowadays, it’s hard even to imagine how it looked like to bet online without a smartphone. I’m a huge fan of betting on the go, and the Palmerbet mobile betting app hasn’t given me a single issue so far. It’s fast, simple and follows the same minimalistic design of their desktop website. The native app is available for both iOS and Android operating systems.

palmerbet mobile screenshots markets

I can say from my own experience that the iPhone version is virtually flawless. It offers all the same betting features as the desktop version of the sportsbook, including very straightforward navigation.

I tested the Palmerbet Android app for a few days on my own, and as far as I can tell, everything is pretty much the same as on iOS. Pages load quickly, and all of the sports and racing bets are there. The only real difference is that you have to download the Palmerbet Android app directly from their site.

In case you don’t want to download any native apps, just fire up your mobile browser and use the Palmerbet web-based app. It looks and does pretty much the same stuff as the dedicated apps, so you won’t miss out on anything. When I’m switching devices, I sometimes just use a mobile website to place a quick bet, so I don’t have to lose time downloading an app for a single bet.

Palmerbet Withdrawal and Deposit Options

I’m always using my credit card when betting with Palmerbet because it’s the quickest and easiest way to both deposit and withdraw funds. If you fancy some other option, note that Bank Transfer, BPAY and POLi are also available.

In general, when it comes to online betting transactions, e-wallets are always my go-to choice. However, Palmerbet doesn’t have any of them on offer at the moment. The good news is that this bookmaker lets you start slow and deposit only $10 for starters (except with BPAY where the minimum deposit is $25).

Minimum Deposits with Palmerbet

The payment method you use with Palmerbet can have an impact on the minimum amount you are allowed to deposit to get started.

The amount will vary depending on your choice, as you can see from the table below. This is something to consider when looking to sign up.

Minimum deposit limits per payment method
POLi

$10

PayPal

$10

Debit/Credit Card

$10

BPAY

$25

Withdrawal Options

On the other hand, the list of Palmerbet withdrawal options is a bit shorter than the deposit options, with only bank transfers and cards are available. You can withdraw even as little as $10, but keep in mind that you can’t withdraw before you verify your account by providing some of the personal documents. Don’t worry, it’s a standard procedure, and it’s completely safe.

Every time I requested a withdrawal over a desktop or a Palmerbet app, the money was on my bank account within 2 or 3 days, which is acceptable. The same goes for both card and bank transfer withdrawals.

Palmerbet Payment Options
Payment Methods
Withdrawal Times
Bank Transfer1 - 2 Working Days
VisaN/A
MasterCardN/A
POLiN/A
BPAYN/A

Sign Up For Palmerbet Bonus

It is important to know that you won’t see Palmerbet bonus offers until you have signed up and registered a new account with them.

Aussie betting regulations prevent bookies from highlighting their best betting bonuses. However, you will soon have access to all of the offers, including a Palmerbet deposit bonus, as soon as you have signed in.

As always, it is important to pick the betting site that suits you the best and how impressed you are with their odds or additional features. Worry about your Palmerbet sign up bonus after that.

Customer Support

The most important thing you should know here – Palmerbet doesn’t offer live chat support. I believe live chatting with support agents is the best way to quickly solve most of the problems, so the lack of this option is a big minus in my book. They do have phone support, although it’s available from Monday to Saturday, between 8 am and 6 pm. The last alternative is to send them an email. However, it may take up to 24 hours to get a response.

Availability isn’t Palmerbet’s strong side, but they make up for it with incredibly pleasant and efficient support agents. The person that answered my last call was super friendly, so we managed to solve the problem in no time. The issue hand was a problem with my bank when making a deposit.

Those are the little things that make you feel like the bookie really cares about you!

Palmerbet Contact

Is Palmerbet Safe?

The short answer is yes – Palmerbet is completely safe. They have all of the industry-leading safety features, such as 2048-bit encryption. What is even more important, they hold an official licence issued by the Government of New South Wales. Since you’re sharing a lot of sensitive info when betting online, you always want to make sure the betting site is taking all of the safety precautions. At least I’m always looking for stuff like that as soon as I enter a bookmaker’s site.

Palmerbet Company Info
palmerbet banner
NamePalmer Bookmaking Pty Ltd
Launched in 2013
HeadquartersCanterbury Racecourse, NSW
CEOGrant Palmer
ABN89 154 794 411
SpecialityHorse racing

Another thing I like about Palmerbet is that they take responsible gambling seriously. This is by no means a surprise because due to Aussie betting regulations, it is mandatory.

You can use self-exclusion, pre-commitments and a few other useful tools that can help you not to get lost. Even I use it from time to time, so don’t hesitate to put limits if you think you may get distracted. If you think you have a problem, or you know someone who does, note that Palmerbet has contact details of a few gambling support agencies in the footer of each page. Caring about customers is something I appreciate the most, and Palmerbet definitely checks that box!

Palmerbet Blog

With so many sports and racing events to bet on, it’s becoming really hard to stay on top of everything. My way of getting fresh betting insights is by reading expert blogs. A few years ago, I discovered that Palmerbet has its own blog as well, and after taking a look at a few posts, I realised that it’s actually pretty good. Apart from every horse race you can imagine, they also cover AFL, NRL, Soccer and several other sports.

The insights you’ll find there can be very useful, and the best thing is that you don’t even have to be a registered customer to have access. They put quick links to their sportsbook inside of the articles. So, having a betting account can help you place a bet with ease. I do it all the time. You find a race or a game you want to bet on, read a few expert analyses, and then just go straight to the betting site with a single click. It doesn’t get any more convenient than that!

Conclusion

Palmerbet has been and stayed one of my favourite Australian betting sites. I like the fact that they have nailed all the basics. The site is snappy and straightforward to use, while the odds on both sports and horse racing are among the strongest on the market.

As I mentioned a few times in this Palmerbet review, there are a few obvious downsides as well. There is no live streaming, no live chat and even the selection of payment options could be deeper. But for me, Palmerbet is much more than just some ordinary bookie we judge only based on available features. They are one of the longest-lasting Australian betting brands that stayed 100% Aussie up until this day. Because of all of that I will keep betting with them in the years to come.

Palmerbet is one of the best domestic bookmakers. Click on the button below to learn more about their betting offer. Palmerbet overview

Palmerbet Australia FAQs

Yes, Palmerbet is one of the oldest bookies around, so you can be sure that they are legit. The site is protected with 2048-bit encryption, meaning that all of your personal data is safe. On top of that, Palmerbet holds a license issued by the NSW Government. We talk more about Palmerbet safety features above.

While there are plenty of depositing options, the only available withdrawal method with Palmerbet is through bank transfer. However, this is a reasonably quick process that takes 1-2 working days to complete.

Yes, Palmerbet has a native mobile app for Android devices. Due to Google’s policies on betting, you won’t find the app on the Play Store. Instead, you can download it directly from the Palmerbet website. To learn more about the Palmerbet app features, check out the article above.

Palmerbet is a family-run business founded by Ted Palmer more than 30 years ago. Nowadays, his decedents Grant and Andrew Palmer are running the company. Palmerbet is a registered bookie with the NSW betting license.


Comments

Nigel Double 07/22/2020 at 10:50 am

It depends if you win or lose with them. They paid me the first time and then wanted my whole bank statement to pay me again which obviously I refused to supply. A bunch of fleas. Avoid them like the plague.

Reply

Brenton Owencooper 04/02/2020 at 11:47 am

What id do you require to verify account

Reply

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