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Our Palmerbet review will cover everything you need to know about this Australian-owned and operated betting company. The Palmer name has been synonymous with racing in Sydney for decades, so it was only a matter of time before the family made the transition into the online betting realm.
Launched August 2013, the company really started hitting its straps in 2015 when it launched a comprehensive advertising campaign hitting areas outside of their Sydney comfort zone.
The self-proclaimed “newest and most exciting online bookmaker” has diligently worked towards giving punters the best possible odds across racing and sport.
So are Palmerbet worth investing your hard earned cash with? What can they offer Aussie punters and what makes them different from the myriad of other online bookmakers? Read our Palmerbet review to find out everything you need to know.
How to open a Palmerbet betting account
Opening a new account at Palmerbet Australia is a straight-forward process, that can be completed in few minutes. To get started at Palmerbet, follow this process:
- Open a new account at Palmerbet.com.au: The first stage of your betting journey at Palmerbet Australia is to open a new account. This involves entering in your personal details such as your name, address, email and date of birth.
- Make your first deposit at Palmerbet: Like all Australian bookmakers, it’s simple to deposit at Palmerbet, with it just a matter of using something like your credit or debit card, Paypal or even BPAY.
- Make your bets at Palmerbet: Now you are ready to place bets, you can make your selections via the easily labelled menus. They are then transported to a bet slip, where you can choose your wager amount and type.
Palmerbet sign up bonus and promotions
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Australia has some of the toughest laws of any regulated betting market when it comes to bonus bets, and the Palmerbet bonus was forced to be taken from the market because of this National Gambling Framework, which came into force on May 26, 2019.
This effectively bans all bonus bets, including the Palmerbet sign up bonus and the Palmerbet horse racing matched promo code, which were both great ways for punters into improve their bankroll.
The Palmerbet Australia bonus offers, and other Aussie bookie bonuses, no longer being allowed to be accepted is a huge blow to punters. But rest assured there are plenty of other Palmerbet promotions, usually surrounding horse racing, that you can take advantage of once you have opened a new account.
Palmerbet horse racing review
Palmerbet offers races from multiple countries as well as all certified domestic race meets. All the major races in the thoroughbreds, harness and greyhound markets in Australia and New Zealand (learn about betting in New Zealand) are eligible to bet on all week long at Palmerbet.
As well as the domestic horse races, punters who are looking abroad can find markets in Hong Kong, the UK, South Africa and France.
Not only do they have a plethora of markets to wager upon, all the exotics exist; including quinellas and exactas, trifectas, daily doubles and quaddies.
Sick of seeing a winner paying a significantly more on other totes? It is no longer a problem if you are betting at Palmerbet.
Find a winner in any thoroughbred race and selected greyhound and harness races and you will get the best of the three totes as your winning dividend.
Palmerbet also run a ‘first past the post’ promotion which means you’ll get a winning dividend on horses that finish the race in first position, but if the result is overturned you get to keep your winnings – and if you had the second placed horse that is declared the official winner you will get the payout.
Palmerbet offer midweek and weekend promotions on the big thoroughbred meets, which means punters have a significant advantage on the opposition if they are betting at Palmerbet.
One downside is the fact punters can only bet in .50 cent increments – which means if you have anything under that from a successful dividend you will need to increase it to over that amount before they can wager on an event.
We did however find, as highlighted in our Palmerbet racing review, that their greyhound racing promotions are published often, which is a great perk for the second biggest code of racing in Australia.
Palmerbet sports betting review
While the Palmer name synonymous with the horse racing industry; that does not mean they have neglected the sports side of things. Palmerbet offer an incredible amount of different sports markets to bet upon, with the options for each event growing nearly every day. Unfortunately Palmerbet do not utilise the click-to-call technology like other outlets, meaning punters that want to place a live bet have to ring through to make their investments.
Sports available to bet on include; but are not limited to:
- AFL betting
- American Football
- Baseball betting
- Basketball betting
- Boxing betting
- Cricket betting
- Golf betting
- Ice Hockey
- Olympic betting
Palmerbet Deposit and withdrawal methods
Palmerbet is a reliable place to deposit funds: it is simple and most importantly safe. Palmerbet has got SSL encryption and the full plethora of payment types available in 2023. It is worth noting that none of the top Australian bookmakers have got cryptocurrency available as a payment method, with no legislation allowing this.
Most of the deposit options at Palmerbet Australia are instant, with these including payment types like credit and debit cards, payment processors and even web wallets. However there are several Palmerbet payment options that can take longer, with these including bank transfers, which can take up to 72 hours and BPAY, which is usually completed overnight.
Other deposit options
Minimum deposit amounts vary but usually they are set at $10.
Palmerbet has a minimum withdrawal amount of $5. Your funds can be withdrawn via electronic funds transfer and will appear in your nominated Australian bank or credit union account within 48 hours.
Palmerbet mobile review
Palmerbet is easy to access via your desktop or laptop; the layout is easy on the eye and the website is very easy to navigate.
On a mobile phone the access in which punters can navigate the site is just as easy, with the Palmerbet betting having both an Apple and Android app for users. These Palmerbet apps are essentially small software downloads which give you instant access to all their features.
While Android users do not yet have an app to utilise, the mobile website works in much the same way as the app, just loads slightly slower.
PalmerBet licensing & safety
A big part of why we love Palmerbet at BettingSite.com.au is that they are locally owned, and have not been bought by a big International raider.
Palmerbet is licensed by Racing NSW and OLGR and has a deal in place with the NSW Bookmakers Co-operative that financially guarantees them. They are one of the few big bookmakers to operate out of NSW.
Palmerbet has also got a highly regarded Responsible Gambling Policy in place, which aims to stamp out problem gambling at its website. Palmerbet betting also abides by the Australian Bookmaker Association Code of Practice and the South Australian Responsible Gambling Code of Practice.
You must be 18 years or older to bet with Palmerbet from within Australia.
Palmerbet news & promos
Palmerbet review Verdict
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Although they have not been in the marketplace compared to some of the other online bookmakers, Palmerbet has made a concerted effort to get themselves alongside their rivals.
While writing our Palmerbet review, we did find a few small issues, however these are more nitpicking than anything: the inability to make click-to-call bets and the fact that you can only bet in .50 cent increments can be frustrating. However Palmerbet’s efforts to get to the top of the online bookmaking world have been fruitful.
In conclusion, while running the rule over Palmerbet for our review, we liked what we found and anyone looking to open a new online betting account will not be let down.