MidasBet is an Australian-owned online bookie that’s based in New South Wales. As well as racing, they offer pre-game and futures betting on 13 sports, including Aussie Rules, Rugby League, Rugby Union, plus a whole lot more.
The website is notable for its dark-and-stormy design twinned with its user-friendly interface. For mobile punters, there’s an official app that you can download from the App Store (iOS) and Google Play (Android). I’ll share my fair and honest experience with this bookie and run you through everything that it has to offer in my review below.
Usability, Look and Feel of the MidasBets Website
Those of you who are up on your Greek Mythology won’t be surprised to hear that the branding for this company is white and gold, with the “Midas” naturally being written in gold lettering in the logo. The website and sportsbook interface, however, has a black and red theme, with the betting markets highlighted in white.
The black background and white highlights are pretty standard for an online bookie, but I found the predominant use of red to be a bit random, especially as the colour isn’t involved in the branding at all. Anyway, that’s a minor complaint, and I still thought that the site looked alright overall.
The Layout
The layout of this site is decent, and I found it very intuitive to navigate. Using the menu bar to your left, you can switch between the race betting interface and the A to Z list of other sports. When you click on a sport, a menu will then drop down from where you can select a league and display all upcoming events on the main screen, which is located in the middle.
To access your account, including deposits, withdrawals, and your profile, just use the icons in the top-right corner of your screen. The betslip is initially hidden, but will appear on the right of your screen when you click on the odds for any betting market.
How to Sign Up to MidasBets Australia - Step-By-Step
Are you ready to get started? Here’s how you can access the desktop site and register your new account today:
- Click one of the banners on our page to reach the MidasBet website
- Open the signup form using the “Join” button
- Enter your first name and surname
- Enter your date of birth (you must be over 18 to legally bet online in Oz)
- Select your gender (only Male and Female are available)
- Enter your full home address
- Enter your contact details: email address and phone number
- Read and accept the T&Cs
- Submit the sign-up form
- Check the welcome email for further information
Verification
In many cases, your account will be verified automatically with the information that you have entered when signing up (if it is all correct, of course). However, in some cases, you may be asked to submit documents according to the “100 Points of ID” system within three days to fully verify your account.
MidasBet App - iOS and Android
This online bookie has a great app that, if you ask me, is actually better than the website. If you’re an iOS user, you can find the app in the App Store, meanwhile, you can download it on your Android devices from the Google Play Store.
The interface is pretty slick, and you have some handy features, including the one-tap bet option. You can also easily build same-game multis (SGM) with the mobile app, and you can save your debit card or PayID for instant deposits on subsequent transactions.
Personally, I preferred using the app on my tablet just because it allowed for a larger and clearer display. That said, if you're betting on the go, having this app installed on your phone is more than ideal.
IOS Vs Android Apps - a Comparison
As my mate did in his
Picklebet review, here’s a comparison of the key properties of the iOS and Android apps for this online bookmaker:
|
iOS app |
Android app |
| Download from: |
App Store (Apple) |
Google Play |
| Download size: |
74.7 MB |
83.7 MB |
| iOS requirements: |
15.0 or later |
10 or later |
MidasBet Betting Markets - 13 Sports Covered
When it comes to pre-match and futures betting, you can find 13 sports covered on this app, including AFL, Rugby League, and
cricket betting. Multiple Australian and global leagues are covered within each sport, including competitions like the NRL, UEFA Champions League, Japanese baseball, and much more.
Over 75 Markets for Every AFL Game
Despite its global coverage, I’d say that this bookie definitely offers more to punters who like to focus on the domestic stuff. For example, when it comes to Aussie rules
football betting, there are over 75 pre-game markets offered on every AFL game.
You can take a punt on everything from the first goalscorer to which team will be leading in the third quarter. You can also find Wire to Wire markets, winning margin bets, and heaps more.
Matchup Bets for Golf Tournaments
For PGA, Liv, and other major golf tournaments, MidasBet offers pre-selected H2H matchups. This allows you to pick the winner between two quite evenly-matched players, thus avoiding heavy favourites and longshot underdogs.
How Do the Odds Stack Up?
The odds at MidasBet are pretty good overall. In the cases where they aren’t the best, they are at least competitive, even when compared to some of the bigger and more established global betting brands that are available here in Oz.
As is the case on most Aussie betting sites, the default odds display is decimal format, which is what most of us are familiar with. However, if you prefer fractional odds or another format, you can make the switch in your account settings fairly easily.
Minimum Bet Limits and Wagering Rules
The minimum bet limit for all sports is $0.50, meanwhile, the maximum bet and win limits can vary across different sports and betting markets. There are way too many nuances for me to get into here, but you can consult the “Wagering Rules” on the site to see if something may affect you in any way.
To be honest, for most punters, the upper end of the wagering limits will never apply. What I can tell you is that this is a fair bookie when it comes to bet limits and rules on the whole.
Payments - Instant, No-Fee Deposits
Starting with deposits, there technically isn’t a minimum limit, however, you may be charged a fee if you deposit less than $10.00. Deposits should be processed instantly, and the following payment options are available to you:
- Debit cards (Visa or Mastercard):
The first time that you deposit with your debit card, you will need to register it by entering all of the required details. After the first instant deposit, the card will be saved in the “My Account” section of your MidasBet account.
- PAYID/OSKO PIN:
You can enter your 4 -6 digit PAYID number directly to make a deposit in the “My Account” area. Just note that your first deposit using this method can take up to 48 hours. After that, all deposits should be processed instantly.
- EFT:
You can make an electronic funds transfer (EFT) directly on your bank or financial provider’s website. To find MidasBet’s bank details, just go to the “Banking & Deposits" area of the bookmaker’s site.
- Cash deposits:
You can make a cash deposit into your MidasBet account at any local National Australia Bank branch. When making the deposit, make sure to click the “EFT Notification” tab in your “My Account” to ensure that the deposit is instantly added to your balance.
Same-Day Withdrawals at MidasBet
If you submit your debit card withdrawal request before 12:00 pm (AEST), you will usually get your funds the same day. Submissions made after noon (AEST), on weekends, or on public holidays will be processed the next business day.
ETF withdrawals can take up to 5 business days, depending on the processing times associated with your bank or financial institution. The minimum amount for all withdrawals is $10, which is among the lowest in the business.
Here’s a quick summary of all the details I’ve just provided:
| Withdrawal method |
Minimum withdrawal |
Processing time (before noon AEST) |
Processing time (after noon AEST) |
| Debit card: |
$10.00 (AUD) |
Same day |
Next business day* |
| EFT: |
$10.00 (AUD) |
Up to 5 business days |
Up to 5 business days |
*Also applies to withdrawal requests submitted anytime on weekends and public holidays.
Customer Service - 24/7 Availability
You can contact the customer service team 24 hours a day, 7 days a week. While this is true, you should expect slower response times via email and on the live chat during unsociable hours.
Besides the customer contact channels, there’s also an FAQ section, which I found to be very informative, even if it could do with a bit of tidying up. Regardless of the info feeling a bit clunky in places, I’d 100% recommend that you check the FAQs for an answer to your problems before you reach out to customer care.
If you do need to contact them, here’s my experience using both options:
- Live chat:
This is the quickest and easiest way to have a fluid conversation with a real, Australia-based member of staff. In my experience, I mostly received quick responses (besides during the night) and thought the level of assistance and engagement was great. To open a chat, you must first provide your email address, full name, and date of birth. You can also provide your username if you’re already an account holder, but it’s not required to get in touch.
- Email:
I had a similar experience with the email service as I did with the live chat, only the response times took a little bit longer. As you can attach files to the live chat, I don’t think that the email service is wholly necessary, but it’s there, and it works just fine.
License and Security - MidasBet Is Safe and Legit
MidasBet is regulated by the NSW Office for Liquor and Gaming and is a member of the NSW Bookmaker's Co-operative. In layman’s terms, this means that the site is fully legal in Australia and your winning bets will be paid.
When it comes to security, this bookie has the usual HTTPS and SSL encryption tech, as well as a solid Privacy Policy. Moreover, it is an approved partner of 18 Australian sports leagues and governing bodies, including the AFL, NRL, Cricket Australia, Tennis Australia, and multiple racing authorities.
MidasBet Sportsbook Review - Conclusion
Whether you want to bet on your mobile or sit at your desk, this online bookie has a user-friendly platform to facilitate what you need. The market coverage is great, especially for Aussie sports, the odds are competitive, and you can withdraw your winnings on the same day. Overall, I’d definitely recommend that you click on the banners and take a punt with MidasBet.
MidasBet Review FAQ
