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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.
Palmerbet sign up bonus and promotions
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.
Racing – Australia and abroad
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 are eligible to bet on all week long at Palmerbet.
As well as the domestic 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.
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:
- American Football
- Ice Hockey
- Olympic betting
Deposit and withdrawal methods
Palmerbet back depositing funds simple and most importantly safe. Methods of instant deposit are:
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.
Review of Palmerbet mobile
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, but as of May 2016, there is only an Apple app.
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.
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.