Australian Sports Betting Websites

Luxbet Online Betting Site Review

luxbet online sports betting site review

With so much experience in the racing and sports betting industry, you can be guaranteed with Luxbet you are punting at one of the best Australian online sports betting websites. Because of their affiliation with the TAB, Luxbet  are on the best online sports betting websites with regards to offering member benefits and special offers, with some of the most solid bonus bet offers for Australian customers being offered at this very moment.

Right now, you can receive a massive $500 bonus which makes it one of the biggest member signup bonus offers in the country.

Further, Luxbet offer regular weekly promotions to their existing customers, up to $400 worth of free betting offers are available during any given week with their Daily Maximisers. Horse racing offers are available every week, sports betting offers vary depending on the season, fans will find refund and bonus offers on: AFL, NRL, T20 cricket and the tennis.

History, Location and Licensing Authority

Luxbet was launched in 2008 and is a subsidiary of Australia’s oldest and largest sports wagering company Tabcorb Holdings, or better known as, the TAB. Luxbet is an approved sports betting operator for the AFL, NRL, Cricket Australia, Tennis Australia and the PGA of Australia and it goes without saying that their affiliation with TAB instantly makes them one of Australia’s most trusted and secure online sports betting websites.

Sign Up Incentives and Ongoing Features

luxbet online sports betting site review

  • Best range of racing betting products
  • $500 Free Bet on Signing
  • BOB on Saturday race meets
  • Best Tote Exotics
  • Bonuses on offer for Group 1 races
  • Betting promotions every week
  • Regular Money Back Deals
  • $400 worth of Weekly Promotions

Money – Deposit & Withdrawal Options

Luxbet is one of the only online sports betting sites for Australians that does NOT have an ATM card or direct debit card linked to the holders account.  Considering their affiliation with the TAB it actually comes as a surprise to this reviewer and as such I think it is not long before they introduce one. At present though money can be deposited and withdrawn through all the usual channels including Credit card (VISA and Mastercard), Skrill (Moneybookers), POLi, BPAY, bank transfer. Luxbet online sports betting accept Currencies in AUD, EUR, GBP and USD.

Withdrawing your money is just as easy once your account has been verified by submitting proof of identification to Luxbet.com. A great feature of the TAB backed online betting site is that you can withdraw your money directly into your bank account without incurring a fee or service charge from Luxbet.

Navigation and Usability

LUXBET Sports betting website layout

Luxbet uses a horizontal navigation menu to select sports. Two rows of sports are shown by default and you click on the More+ icon to display the full list. This is a relatively standard layout and one I personally feel works the best as it allows for more information regarding odds and market to be shared. One of the things we like most about Luxbets betting interface is the fact the navigation menu is customisable. You can manually select the sports you wish to have appear in the top rows, which saves time if you regularly bet on a less popular sport. Clicking on your sport of choice will then display the available markets and any other information directly related to the chosen sport. Note however that when you click on a league, instead of odds being displayed, a list of markets is displayed within the navigation menu. You must instead click on the ‘All’ icon for a sport if you wish to view all upcoming fixtures.

One neat website feature is a ‘Quick Multis’ link at the top of the navigation panel. This enables you to quickly create multi bets using the available head to head or line odds for popular sports, such as the AFL. Once the page loads the multi bet selections automatically default to the shortest odds selections.

Markets, Margins, & Odds

Online Sports Betting Margins

In our most recent bookmaker margin survey, Luxbet had an average bookmaker margin of 4.9%, which was equal to the survey median and puts it above Australian sports betting website rivals SportsBet (at 5.2%) and Ladbrokes (at 5.5%)

Online Sports Betting Market

Luxbet offers betting on a broad range of sports with an excellent depth of markets for each fixture. AFL and NRL are heavily catered for, with over 150 betting options on most matches. Rugby union is also well covered, with around 20 markets per game. The major American sports are catered for and a huge range of football leagues are covered. Unless you are a die hard punter or want to follow some of the more obscure leagues around the world then there’s a good chance Luxbet have it available. Because of this and the array of options and bonuses made available we think Luxbet is an excellent all round choice and one of Australia’s better online sports betting sites

Online Sports Betting Odds

Luxbet proudly claim – (backed by data) that they consistently provide the best odds and healthiest returns comparative to the mainstream Australian online sports bet websites. Note that although this may be the case, there is usually reasons why better odds can be provided – generally at the detriment to other member benefits or options within each market.

luxbet have best odds - comparison chart

Luxbet Online Sports Betting Website Summary:

Aligned with TABCorp – Australia’s biggest and most trusted name in sports and race betting,  you can be guaranteed with Luxbet you are punting at one of the best Australian online sports betting websites. Because of their affiliation with the TAB, Luxbet  are able to provide the most competitive sports betting margins and odds making them one of the best betting websites around. And again, they stand above and beyond the competition with some of the most solid bonus bet offers for Australian customers being offered as well as ongoing member benefits that reward those who truly enjoy the experience of online sports betting.

Right now, you can receive a massive $500 bonus which makes it one of the biggest member signup bonus offers in the country.

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Further, Luxbet offer regular weekly promotions to their existing customers, up to $400 worth of free betting offers are available during any given week with their Daily Maximisers. Horse racing offers are available every week, sports betting offers vary depending on the season, fans will find refund and bonus offers on: AFL, NRL, T20 cricket and the tennis.

So if you are looking for a reliable, trustworthy and competitive online sports betting site that rewards its members and currently offers one of the most lucrative sign up member bonuses on offer then look no further, because at Luxbet you will find all your sports betting and online gambling needs. Follow this link HERE or alternatively click on the banner below

luxbet online sports betting site review

Live Sports Betting

Due to Australia’s Interactive Gambling Act 3, live online betting is not available for Australians. Australian customers must phone in to bet live. Learn more about it here

online sports betting australia 2

Why We Like Luxbet Online Sports Betting  Website

  • No minimum deposit for most deposit methods
  • Feature-rich betting interface with concise odds display
  • Flexi betting offered on exotic multis
  • Frequent bonus bet and odds promotions
  • Luxbet is backed by the entertainment giant Tabcorp
  • Consistently better odds for individual racing events – it is true after all!

Why We Don’t Like Luxbet Online Sports Betting  Website

  • Live online betting is not available to Australian residents (due to Australian law and mentioned above)
  • Navigation menu takes some getting used to
  • Customer service is average. We’ve been underwhelmed when using both the live chat and phone betting service.
  • Known to suspend or limit the accounts of successful punters – sadly a common practice across all Australian operated sports betting websites