Only Bets Review

OnlyBets is an Australian-owned wagering operator that launched in 2026. With the tagline “Australia’s Newest Bookie”, the brand positions itself as a clean, all-in-one Australian wagering experience with racing and sports treated as first-class products. This OnlyBets review covers the brand’s ownership, sports and racing markets, betting features, app and platform experience, deposit and withdrawal methods, account setup and what punters should consider before signing up. Visit OnlyBets to see the live product.

About OnlyBets

OnlyBets operates under an Australian wagering licence — a regulatory requirement for any operator that takes real-money bets from Australian residents. As one of the newest entrants to the Australian market, the OnlyBets product is still maturing; we’ll continue to update this review as the brand publishes more detail on its product roadmap, ownership and unique features.

The OnlyBets platform is built mobile-first with a streamlined desktop product. Expect the standard Australian wagering toolkit — racing across thoroughbreds, harness and greyhounds; major Australian and international sport; standard fixed-odds and tote products; Same Race Multi (SRM) for racing and Same Game Multi (SGM) for headline sports.

For Australian punters considering OnlyBets, the trade-off is the typical one with newer operators: a cleaner, faster modern UX and access to ongoing daily promotions for existing members, against the comparative product depth (live streaming, niche markets, 24/7 support) of long-established operators like bet365, Neds and Ladbrokes.

As a brand-new operator, OnlyBets is still scaling on product depth. Specific feature limitations should be verified directly on the OnlyBets site once your account is set up.

Betting Markets Available at OnlyBets

OnlyBets covers the core Australian wagering markets that any AU-licensed operator is expected to provide. Racing is treated as a first-class product alongside major sport.

OnlyBets Racing

Racing is the strongest product at OnlyBets (and across the GenerationWeb-platform brands generally). All three Australian racing codes — thoroughbreds, harness and greyhounds — are covered, with markets across the major Saturday metro cards plus midweek and provincial meetings. Same Race Multi (SRM) and Quaddies are well-implemented.

Racing-specific features at OnlyBets:

• Full thoroughbred, harness and greyhound markets across the Australian calendar
• Win, place, each-way, exotics (quinella, exacta, trifecta, first four)
• Same Race Multi (SRM) — combine 2-4 runners’ finishing positions in one bet
• Quaddies on major metro race days
• Integrated racing form and tipster insights via the app/desktop
• Fixed-odds and best-tote-derivative products

For our Australian racing carnival coverage, see:

• Melbourne Cup Carnival — Australia’s biggest racing event of the year
• Brisbane Winter Racing Carnival — Doomben Cup, Stradbroke Handicap
• Sydney Spring Racing Carnival — The Everest lead-in races

Betting Live on OnlyBets

Live (in-play) betting on sports is offered at OnlyBets where Australian regulations permit. Under the Australian Interactive Gambling Act, online in-play sports betting on most sports must be placed by phone or in person (not via app/website) — though live wagering on racing is fully permitted online and OnlyBets supports this end-to-end.

OnlyBets Live Streaming

Live streaming availability at OnlyBets is still being confirmed as the product matures. Verify current live streaming coverage directly via the OnlyBets app once your account is set up.

OnlyBets App Review

OnlyBets is built mobile-first with the modern app being the primary punting interface. Key features:

• Full racing card access (thoroughbreds, harness, greyhounds)
• All sports markets with real-time odds
• Same Race Multi (SRM) builder for racing
• Same Game Multi (SGM) builder for sports
• Account management, deposit/withdrawal, KYC document upload
• Biometric login on supported devices

The OnlyBets app is available on iOS via the App Store; Android users typically install via the OnlyBets website (Google Play has restrictions on Australian wagering apps that vary by jurisdiction).

How to Sign Up for OnlyBets

Opening a OnlyBets account follows the standard Australian wagering account-setup process. You’ll need your full legal name, residential address, date of birth, email, phone number and proof of identity to complete verification. Allow 5-10 minutes plus KYC review time.

1. Visit OnlyBets via desktop or mobile.
2. Click the “Sign Up” or “Create Account” button.
3. Fill out the registration form with your personal details: name, address, date of birth, contact details.
4. Set a username, password and security questions.
5. Set your deposit limit — a regulatory requirement for all Australian wagering accounts (you can change it later).
6. Verify your identity via the integrated electronic KYC check, or by uploading a photo ID (driver’s licence, passport, proof of age card).
7. Make your first deposit to activate the account and start wagering.

Australian wagering accounts must be verified within 72 hours of opening — a regulatory requirement under the Interactive Gambling Act amendments. Failure to verify within 72 hours will result in account restrictions until KYC is completed.

OnlyBets Deposit Options

OnlyBets supports the standard Australian wagering deposit methods. Confirmed deposit methods:

Note: Australian wagering operators are not permitted to accept credit card deposits since June 2024 — only debit cards and bank-funded payment methods are allowed. This is a federal regulatory restriction, not a OnlyBets-specific limitation.

OnlyBets Withdrawal Methods & Times

OnlyBets processes withdrawals back to the original deposit method where possible, with bank transfer (OSKO/PayID-supported) as the primary withdrawal channel. Withdrawal requests can be initiated 24/7 via the app or website.

First-time withdrawals typically take longer than subsequent withdrawals because of identity verification. Once your account is verified, future withdrawals process much faster. As a newer operator, expect first-withdrawal times at OnlyBets to be on the slower end of the range while operations scale.

OnlyBets Cash Out

Cash out — settling a bet before the event completes — is offered at OnlyBets on selected markets. Availability is typically strongest on multis and singles where live in-play odds can be calculated in real time. Check the active bets section of the app to see which of your specific bets are cash-out eligible.

OnlyBets Account Verification

Australian wagering accounts must complete Know Your Customer (KYC) verification within 72 hours of opening. OnlyBets requires:

• Photo ID — Australian driver’s licence, passport or proof of age card
• Proof of residential address — typically auto-verified via electronic database lookup (most accounts pass without uploading a utility bill)
• Date of birth verification — must be 18 or older to register

Most Australian residents complete the entire verification process electronically within minutes of account creation. If electronic verification fails, you’ll be prompted to upload identification documents directly via the app or website.

OnlyBets Bet Types Explained

OnlyBets Odds

As a newer operator, OnlyBets’s odds competitiveness will mature as the brand scales. Racing pricing on the newer Australian operators has been consistently competitive on Saturday metro cards; sports pricing on headline events (AFL/NRL marquee games) is broadly market-comparable.

For best-of-market odds comparison, established operators like bet365 (best tote plus, top fluctuations) and Neds (top fluctuations on racing) historically lead the market. Benchmark OnlyBets’s pricing on the events you bet most often before committing to a primary operator.

OnlyBets Alternatives

As a newer operator, OnlyBets is competing with deeper-established Australian wagering brands. If you’re shopping around or spreading your wagering across multiple operators, our top-rated alternatives:

For our full bookmaker comparison, see the best Australian betting sites guide. For the latest entrants alongside OnlyBets, see new betting sites in Australia.

Contact OnlyBets

OnlyBets customer support is available via:

• Live chat — through the app/website, 8am-11pm AEST, 7 days a week
• Email — for non-urgent queries and complex withdrawal issues
• Help centre / FAQ — for self-serve answers on common topics

For specific email and current support hours, see the contact page on onlybets.com.au.

Frequently Asked Questions about OnlyBets

Is OnlyBets legal in Australia?

Yes. OnlyBets operates under an Australian wagering licence — a requirement for any operator that takes real-money bets from Australian residents.

Who owns OnlyBets?

OnlyBets is 100% Australian-owned. Specific ownership details are still developing — verify ownership directly via the OnlyBets Terms of Service or About page.

What is the OnlyBets sign-up code?

OnlyBets does not currently publish a specific sign-up code. Verify any current promotions directly on the OnlyBets website.

How long do OnlyBets withdrawals take?

First-time withdrawals at any new operator typically process slower than subsequent withdrawals due to identity verification. Standard withdrawal times once verified: minutes to hours via OSKO/PayID, same day to 1 business day via standard bank transfer.

Does OnlyBets have an app?

Yes. The OnlyBets app is available on iOS (App Store) and Android (typically installed via the OnlyBets website rather than Google Play).

What deposit methods does OnlyBets accept?

Visa/Mastercard debit cards, PayID, Electronic Funds Transfer (EFT/OSKO/BPAY), and cash deposits at bank branches. Credit card deposits are not accepted at any Australian-licensed operator following the June 2024 federal restriction.

Does OnlyBets offer live streaming?

Live streaming availability is still being confirmed — verify directly via the OnlyBets app.

Can I cash out my OnlyBets bets early?

Cash out is offered on selected markets — typically multis and singles where live in-play odds can be calculated. Check the active bets section of the app to see which bets are eligible.

Responsible gambling: Gambling Help 1800 858 858. Online support at gamblinghelponline.org.au. 18+ only. Always set your deposit limit. BettingPro may receive affiliate commissions from operators reviewed on this page.