MidasBet Review

New Aussie Bookmaker. Great for Racing.

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  • Totes
  • Australian Owned
  • Racing Markets
  • Competitive Odds
  • New Bookie
  • No Live Streaming
  • Esports

MidasBet is one of Australia’s youngest bookmakers, being launched in July, 2022. This bookie has a particular focus on Australian and international thoroughbred racing, which has seen the extent of sporting markets limited to pre-match and future outcomes. They have the best tote odds on all Australian races with full form guides and price flucs.

MidasBet Website Review

MidasBet are well known for their simple website display and user interface. Although they have a very dull home screen in terms of colour choice, it is still a smart system that highlights their strongest asset…thoroughbred racing!

Although they don’t have any mobile apps as of yet, the website is still user friendly for mobile users. The MidasBet website runs smoothly and is one of the fastest running bookmaker mobile sites. Their customer service team is of the highest quality and have strong reviews from existing customers. Continue reading below to see our take on MidasBet, to find all of the answers to any questions or queries you may have on the young Australian bookmaker.

MidasBet App Review

MidasBet currently does not have any mobile app available for their customers at the time of writing this review. However, that doesn’t mean that their mobile site isn’t of adequate use in the meantime. Their mobile site is very similar to the WinnersBet mobile site, which uses the basic three-panel set-up that makes it easy to navigate through for punters with little to no experience.

MidasBet app download


MidasBet Racing & Sports Betting Markets 

Below are the sports covered on MidasBet.

Ice Hockey
Rugby League
Rugby Union

Below are the racing markets covered on MidasBet.

First Four

MidasBet Bet Types

Sports Bet Types

Below are the most common betting markets.

H2H: A team to beat the other team or player to defeat the opposing player

Individual player markets: For example 1+ goals, 30+ disposals, 10 rebounds…..

Multi: A selection of legs made across multiple matches, which can include multiple sports.

Winning Margins: The number of points a team/player will win by


Racing Bet Types

Win: The horse that crosses the finish line first.

Place: To finish anywhere in the top three.

Quinella: To select first and second place in any order.

Exacta: To select first and second place in the correct order.

Trifecta: To select the top three finishers

First Four: To select the top four horses across the line

Quaddie: To select the winner in four consecutive races

These are just some of the racing bet types on MidasBet…

MidasBet.com.au Products

Despite being one of the current youngest Australian-owned bookies, they still have a decent amount of products and features available to existing customers. They consistently have daily promotions targeted at horse racing, which can be accessed and available for use after creating an account. Just one of the products that they offer is the odds boost for racing.

How to Sign Up using the MidasBet Referral Code?

Simply creating an account is all you need to do to begin your betting adventure with MidasBet. There is no necessity for a MidasBet referral code. It’s as easy as logging into the mobile site to open an account and deposit funds. It’s that simple!

MidasBet promotions

How to Verify your MidasBet.com.au Account?

Before you are able to withdraw money from your MidasBet account, you must have completed your verification process. Click the ‘My Account’ tab, then click ‘Verify’. To check if your account has been verified, it should say “True” next to ‘Verification Status’.

MidasBet Deposit Options

Funds must be in your account before you can start placing bets with MidasBet. Below are all of the deposit options available.

  • Credit Card (Instant)
  • VISA (Instant)
  • Mastercard (Instant)
  • POLi (Instant)
  • BPay (1-3 business days)
  • Bank Transfer (2-3 business days)

MidasBet Withdrawal Methods

To withdraw funds from your bookmaker.com.au account, follow the following steps:

  • Log-in to MidasBet
  • Click ‘My Account’
  • Click ‘Withdraw’
  • Choose Method

Below are all of the withdrawal options available at MidasBet.

  • Mastercard (Instant)
  • VISA (Instant)
  • EFT Bank Transfer (2-3 business days)

MidasBet Live Betting

– Is Live betting allowed in Australia?

Due to the current Australian laws and legislation, it is illegal to bet in-play online on sports betting markets. However, you can bet in-play over the phone. Live betting has become increasingly popular in recent years, with punters able to bet on the go during the event.

“Live betting is however prohibited by the Australian law. According to the Australian Interactive Gambling Act of 2001, also known as IGA, it is an offence to advertise or provide real money online gambling services. The term interactive is considered to include live sports betting.”

MidasBet Live Streaming

Unfortunately, MidasBet website does not provide any live streaming services to their existing customers at the time of this review being written. However, they make up for it with the best odds and detailed form guide on every Australian thoroughbred race.

MidasBet Odds

MidasBet odds are some of the most competitive in the business, particularly for Australian and International thoroughbred racing. The bookies’ best strength is in the racing department, but they also offer strong odds in their limited sports events and markets. They boast the best totes in Australian racing, fixed win & place odds, price flucs and full form guides.

How to Place a Bet on MidasBet?

Placing a bet has never been so simple and can be done in just three easy steps with MidasBet! Bets can be made on the go anytime and anywhere.

1) Select the market/markets you would like to place a bet on
2) Enter your stake
3) Click Submit Bet

MidasBet Betting Tips

While betting tips are not among the services offered by MidasBet, they do provide a wonderful pop-up full form guide for each runner in every Australian thoroughbred race. You will be able to access the runners infor, performance and starts.

midasbet form guide

MidasBet Australia Quick Facts

Owner MidasBet Pty Ltd



Sydney, NSW
















Minimum Deposit



Minimum Withdrawal






MidasBet Australia Customer Support


Contact Options (MidasBet)


Customer Service Number – +61 8 6193 7226


Email – support@midasbet.com.au


Live Chat Available

MidasBet Bookmaker Alternatives


Check out our Betting Sites in Australia page here. We review and give comprehensive detail on what bookmakers are best for your specific needs!

Conclusion & Final Thoughts

MidasBet is a new bookmaker that you should consider using if you want competitive odds and an Australian-owned company that has a clear focus on thoroughbred racing, particularly in Australia. A drawback that they have, is that there is no app as of yet on either iOS or Android. Nevertheless, they still have plenty of aspects and room for improvement, which can be exciting as we watch them grow as a more well-known bookmaker.

They do lack a large range of sporting markets across some of the major sports across the globe, which can be a hindrance for people that like solely placing bets on sport. Here at Bettingpro, we highly recommend it for punters that prefer betting on thoroughbred racing, because of the features and best tote odds focused on racing, particularly in Australia. So, give MidasBet a go if you’re looking for a break from the larger foriegn-owned bookmakers.

MidasBet Australia FAQs

Is MidasBet legit?

Yes. MidasBet is a young Australian bookmaker that is licensed and regulated by the Northern Territory Government.

Is there a MidasBet app?

No. Unfortunately MidasBet have not yet developed an app for either iOS or Android as of yet. Although their website is excellent for use on a mobile device.

Who is the owner of MidasBet?

MidasBet is owned and operated by MidasBet Pty Ltd. It was officially launched in July, 2022.

Can you still get a sign up bonus at MidasBet?

MidasBet isn’t allowed to offer incentives to sign up due to Australian laws and legislations. Although punters can have access to an extensive racing platform.

Are there any MidasBet promo codes?

The promo code to use for MidasBet is BETVIP

How do I sign up to MidasBet?

Signing up to a betting site has never been so easy with MidasBet.
1. Visit MidasBet website
2. Click ‘Join’ in the top right corner
3. Complete Step 1 (name, address, contact email & number)
4. Complete Step 2 (Account details, deposit limits)
5. Click ‘Confirm Registration’

How to get bonus bets at MidasBet?

Be careful to view all of the bonus bets terms & conditions for MidasBet.

Is MidasBet a good betting site?

Although MidasBet was launched this year, there is still plenty to look forward to when using MidasBet, especially if you are a punter that loves Australian horse racing.

What are some of the best MidasBet promotions?

To view the MidasBet promotions, you must be first logged into your account. Once logged in, navigate to the ‘promos’ tab.

Where can you find the best MidasBet review?

You can find the best betting sites reviews here at Bettingpro, and that’s the case with MidasBet as well. We thoroughly review every bookmaker so you can make an informed decision about who you want to bet with. Check out our betting sites reviews today!

What payment methods are available at MidasBet?

There are six deposit options available with MidasBet:
● Credit Card (Instant)
● VISA (Instant)
● Mastercard (Instant)
● POLi (Instant)
● BPay (1-3 business days)
● Bank Transfer (2-3 business days)

You will first have to verify your WinnersBet account before withdrawing any funds from your account.

Is live streaming available with MidasBet?

Unfortunately, at the time of writing this review, MidasBet don’t currently have any live streaming services available.

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