MidasBet Review

MidasBet is a newer Australian bookmaker with a strong racing focus and an in-app form guide that sets it apart from larger competitors. Licensed by the Northern Territory Racing Commission and launched around 2022, MidasBet has built a reputation among punters who value detailed racing analysis. This review covers betting markets, the MidasBet app, deposits, withdrawals and key features. Visit MidasBet to see what they offer.

 

 

The History of MidasBet

MidasBet entered the Australian online betting market around 2022. Licensed and regulated by the Northern Territory Racing Commission (NTRC), it has carved out a niche by focusing heavily on racing while also offering a solid range of sports betting markets. The brand’s integrated form guide is a genuine differentiator, and MidasBet continues to grow its user base as punters discover its racing-first approach.

 

Betting Markets Available at MidasBet

MidasBet covers a solid range of sports and racing markets. While racing is the primary focus, there is enough depth across major Australian and international sports to satisfy most punters.

 

Sport	Markets Available
Horse Racing	Win, place, each way, exotics, SRM, tote + fixed
Greyhounds	Win, place, each way, exotics, fixed + tote
Harness Racing	Win, place, each way, exotics, fixed + tote
AFL	Head to head, line, totals, player props, futures
NRL	Head to head, line, totals, player props, futures
Soccer	Match result, BTTS, over/under, correct score
Tennis	Match winner, set betting, over/under
Cricket	Match winner, top batsman/bowler, totals
Basketball	Head to head, line, totals, player props

 

Racing is where MidasBet shines, with fixed odds, tote and exotics across all three codes. Sports markets cover the essentials, though player prop depth may not match bigger operators like bet365 or Ladbrokes.

 

Betting Live on MidasBet

Under Australian regulations, live betting on MidasBet is available via phone only. All in-play wagers must be placed by calling the bookmaker directly. The app and website do display live odds and real-time market movements, helping you track events before placing your phone bet. Racing, AFL, NRL and soccer typically have live markets available.

 

MidasBet Live Streaming

MidasBet offers live streaming of Australian racing events, including thoroughbreds, greyhounds and harness, directly within the app. To access streams, you generally need a funded account or to have placed a bet on the relevant meeting. Coverage of international racing and other sports may be more limited compared to larger operators, but for Australian racing the service is solid.

 

MidasBet App Review

The MidasBet app is available on iOS and Android with a clean, modern design. Built with racing in mind, the in-app form guide integration is the headline feature.

 

 

Key features of the MidasBet app include:

• Built-in form guide with detailed runner analysis
• Live racing streaming within the app
• Push notifications for results and market changes
• Quick deposit and withdrawal functionality
• Biometric login (Face ID / fingerprint)

 

The app loads quickly, the bet slip is responsive, and for punters who want form data at their fingertips it delivers more than many larger competitors.

 

How to Sign Up for MidasBet

Creating a MidasBet account is straightforward. Follow these steps:

1. Visit MidasBet — Head to the website or download the app (iOS/Android).
2. Click “Join Now” — Tap the registration button.
3. Enter personal details — Name, DOB, email, mobile and address. Must be 18+ and AU resident.
4. Create login credentials — Choose a username and password.
5. Set a deposit limit — Required under responsible gambling rules.
6. Verify your identity — Electronic verification or document upload (see below).

 

The process typically takes just a few minutes once verified.

 

MidasBet Deposit Options

MidasBet offers several deposit methods, all processed in Australian dollars.

 

Deposit Method	Min Deposit	Processing Time
Visa / Mastercard	$10	Instant
POLi	$10	Instant
Bank Transfer	$10	1-3 business days
BPAY	$10	1-2 business days

 

Deposits via card and POLi are processed instantly. Bank transfers and BPAY take longer due to standard banking processing times. All methods are fee-free from MidasBet, though your bank may apply its own charges.

 

MidasBet Withdrawal Methods

MidasBet withdrawal methods include:

 

Withdrawal Method	Min Withdrawal	Processing Time
Bank Transfer (EFT)	$10	1-3 business days
Visa / Mastercard	$10	1-5 business days

 

Bank transfer is the most common method and generally the fastest. MidasBet does not charge fees on withdrawals.

 

MidasBet Withdrawal Times

Once you submit a withdrawal request, MidasBet typically processes it within one business day. After processing, the transfer time depends on your chosen method:

• Bank Transfer (EFT): 1-3 business days after processing. This is the standard method most punters use.
• Card Withdrawal: 1-5 business days after processing. Can take longer due to intermediary banking processes.

 

Withdrawal times can be affected by verification status — unverified accounts may have withdrawals held until verification is complete. First-time withdrawals may also take slightly longer. Weekends and public holidays are not counted as business days.

 

MidasBet Cash Out

MidasBet offers a cash out feature on selected racing and sports markets, allowing you to settle your bet before the event has finished. When available, you will see a cash out value on your active bet within the app. The amount is determined by current odds and market conditions, so it fluctuates throughout the event. Partial cash out may also be available, letting you settle part of your bet while leaving the rest to run.

 

MidasBet Account Verification

All Australian bookmakers must verify customer identity. MidasBet attempts electronic verification during sign-up. If that fails, upload documents via the app or website: driver’s licence, passport, Medicare card (secondary) or a utility bill for proof of address. Verification is usually completed within 24-72 hours, and withdrawals will not process until identity is confirmed.

 

MidasBet Bet Types Explained

MidasBet offers a variety of bet types across racing and sports:

 

Bet Type	Description
Win	Back a runner or team to win outright
Place	Back a runner to finish in the top 2 or 3 (racing)
Each Way	Combines a win and place bet into one
Multi (Accumulator)	Combine multiple selections into one bet
Same Race Multi	Combine selections within a single race
Same Game Multi	Combine selections within a single sports match
Exacta	First and second in correct order
Trifecta	First, second and third in correct order
First Four	First four finishers in correct order
Quinella	First two finishers in any order
Futures	Season or tournament outrights (e.g. AFL Premiership)

 

Same race multi and same game multi give punters additional ways to build custom bets within a single event.

 

MidasBet Odds

MidasBet offers competitive odds across racing and sports. Racing odds are strong and comparable to larger operators, with both fixed and tote available. For sports, margins may not always match the tightest (such as bet365), but MidasBet regularly offers solid prices and early futures pricing for major carnivals and events.

 

MidasBet Unique Features

In-App Form Guide

The standout feature of MidasBet is its built-in form guide, accessible directly within the app. Rather than switching between a form guide website and your bookmaker, MidasBet brings all the racing analysis into one place:

• Detailed runner profiles with recent race history
• Trainer and jockey statistics and strike rates
• Track condition ratings and surface performance
• Barrier draw analysis and speed maps
• Weight and class assessments

 

 

Having all the data you need within the same app where you place your bets is a seamless experience that most competitors do not offer at this level.

 

Racing Focus

MidasBet’s racing-first approach means strong exotic bet coverage (exactas, trifectas, first fours, quinellas) across all three codes, plus same race multi. Both tote and fixed odds are available on every race, and live streaming integration means you can watch, analyse and bet without leaving the app.

 

MidasBet Alternatives

Here are some top Australian bookmakers worth comparing alongside MidasBet:

 

Bookmaker	Best For	Review
Picklebet	Esports, Pick’Ems, SGM Builder	Picklebet Review
Dabble	Social betting, community features	Dabble Review
Neds	Wide market range, strong app	Neds Review
Ladbrokes	Racing features, live streaming	Ladbrokes Review
bet365	Market depth, tight odds	bet365 Review

 

For a full comparison, visit our best betting sites Australia guide or our new betting sites Australia page for the latest entrants.

 

Contact MidasBet Australia

• Email: General enquiries, account issues and withdrawal queries. Response times typically within 24 hours on business days.
• Help Centre: FAQs and guides covering account verification, deposits, withdrawals and bet types.
• Social Media: Stay up to date with the latest offerings and reach out for support.

 

As a smaller operator, MidasBet may not offer 24/7 live chat like some bigger brands, but the email and help centre support is responsive and covers most common queries.

 

Frequently Asked Questions about MidasBet

What is MidasBet?

MidasBet is an Australian online bookmaker launched around 2022, licensed by the Northern Territory Racing Commission. It covers horse racing, greyhounds, harness racing, AFL, NRL, soccer, tennis, cricket and basketball, and is known for its racing-first approach and built-in form guide.

Is MidasBet legit?

Yes. MidasBet holds a licence issued by the Northern Territory Racing Commission, operates under Australian law and is subject to regulatory oversight including responsible gambling obligations.

Does MidasBet have an app?

Yes. The MidasBet app is available for iOS and Android with a clean interface, live racing streaming, push notifications and the in-app form guide.

How long do MidasBet withdrawals take?

Bank transfers typically take 1-3 business days after processing, while card withdrawals can take 1-5 business days. MidasBet generally processes requests within one business day.

Does MidasBet offer same game multis?

Yes. Same game multis are available on selected sports events, and same race multis are available for racing.

Does MidasBet have a form guide?

Yes. The in-app form guide provides detailed racing analysis including runner profiles, trainer and jockey statistics, track condition ratings and barrier draw analysis, all built directly into the app.

Does MidasBet have live streaming?

Yes. MidasBet offers live streaming of Australian thoroughbred, greyhound and harness racing within the app. You need a funded account to access streams.