Luxbet Review - $250 Bonus for Australian Customers

Luxbet have been operating in Australia since 2008 and their reputation has continued to grow over the years, to the point now where they are one of the leading operators in the industry. They offer betting on a range of different sports and horse racing.

The sportsbook is owned by Tabcorp Holdings, who have a wealth of experience in the betting and gaming industry. They have ensured there is a strong product for their customers with a website that looks slick and is easy to use.

Luxbet have put together a site that is designed well, which means punters are able to log on and reach the market they want to bet on efficiently. All the sports the firm offers betting on are listed in alphabetical order. Once you open these sports up, the different competitions within that sport are then itemised. In the centre of the page, the leading sports and horse racing markets from that day are featured. These tend to be the most popular events so if there is a golf Major taking place or a Grand Slam tennis tournament, you would expect to find the latest betting there.

Horse racing punters will enjoy betting with Luxbet as they offer odds on all Australian racing early in the morning of the meetings. There is also the opportunity to bet on global racing, including the Breeders’ Cup from the USA, Royal Ascot from the United Kingdom and Dubai World Cup. The races are listed in time order so you if you like to bet race to race, the next action will be at the top of the pile.

The sports Luxbet offer betting on include Australian rules, cricket, golf, rugby league, rugby union, soccer, tennis and many more. The site is particularly good with its offering of markets on American sports such as the NBA, NFL and MLB. If you enjoy your American action and like betting on it, you are well catered for.

In sports such as soccer, there are so much more markets available other than the outright betting that you can get involved in. Luxbet will offer odds on the total number of goals, the number of corners, if both teams will score, first goalscorer and anytime goalscorer.

Luxbet allow you to place multiples across all of their markets on your bet slip, unless certain legs of the multiple are directly related to another leg on your bet. The bet slip automatically calculates your return each time you add a new selection into the slip.

Odds & Promotions

Punters who bet on horse racing have an option as to how they bet with Luxbet. They can either punt on the fixed-odds market offered by the firm or enter the tote pool where the returns are determined by how much was staked on the winning horse in comparison to the total stakes on the race.

When you open up a new account with Luxbet, you have the opportunity to sign up to their free bet offer. You can pick up $250 in promotions funds if you deposit $100, which will you give you a combined total of $350 to bet with. As with most promotion offers today, there are terms and conditions which must then be met. Bonus bet winnings must be turned over x1 at odds of $1.50 or bigger. You must also use the bonus funds within 30 days of opening the account. Bonus bets can be split into $10 denominations so you don’t have to pile everything on one selection.

Luxbet offer best-price guaranteed on certain markets so look out for the 'Best of the Best' products on their site. You also have the option to cash out your bet on some sports. This is where you are offered a payout before the event has finished in which the value is determined by how well your selection is doing.

Horse racing trainers and owners should bet with Luxbet as they are the only firm that offer them exclusive enhancements as if you are registered on the official owners and trainers lists, you will receive a 12.5% boost to your odds when backing your own horse.

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Player Security & Safety

Luxbet is licenced and regulated by Northern Territory Racing Commission. With this in mind, you would expect the highest level of regulation and have confidence that your funds are in in safe hands when you make a deposit and place a bet.

There are a number of different ways you can make a deposit with Luxbet, where the minimum amount you can add is $10. These include Visa, Mastercard, Moneybookers, POLi, BPay and via a direct bank transfer. Once you make your opening deposit, though, you have 90 days to provide proof of your identity and address, which can be done with either your driving licence or birth certificate along with a utility bill from the last three months.

If you have any customer service enquiries with Luxbet, their team is available 24/7 via a live chat facility where they can answer your questions or assist you with placing a bet. You can also call them on the phone if you want to speak to an advisor.

When you sign up to Luxbet, you have the option to cap how much you want to deposit each month. Once you reach that limit, you will not be able to add any more funds to your account until the start of the next week.

Conclusion & Overall Rating

Given Luxbet is owned by Tabcorp Holdings, it is a company that can be trusted due to the reputation of the betting and gaming group. They have come up with a very reliable site that horse racing and sports punters will enjoy betting on.

The $250 signup promotion is the best offer around at the moment and a great chance to pick up a sizeable return from your first bet on the site. You don’t have to use all of the bonus in one go; you can make it last for up to 30 days.

This site offers great value to horse racing punters as many of the races Luxbet price up are best-price guaranteed. With this concession, you will always get the best possible odds regardless of whether your horse gets backed or drifted in the betting.

This site offers great value to horse racing punters as many of the races Luxbet price up are best-price guaranteed. With this concession, you will always get the best possible odds regardless of whether your horse gets backed or drifted in the betting.

If you prefer to place a bet on your smartphone, Luxbet has an app which can be downloaded from the usual places. Just like their site, it is slick as it has been designed to ensure you can place your bet in the quickest time possible.

Finally, if customer service is important to you, Luxbet ensure there is always an agent available 24/7 either on their live chat facility or over the phone to help. This means you don’t have to wait days for your email to be responded to like some firms in the industry.

 

Overall rating: 8/10