Overall Rating 8 / 10 8 / 10
Full Review Review Review
Current Sign Up Promotions Code: FREEBET for $100 free bet (min $50 deposit)
Code: PLAYER for 20% deposit bonus up to $200 (min $150 deposit)
Code: HIGHROLLER for 15% deposit bonus up to $1,000 (min $2,000 deposit)
Make a first deposit of $25 or more and get a $100 free bet.
Headquarters Australia Australia
License Northern Territory Northern Territory
Agency Type Bookmaker Bookmaker
Company Size / Miscellaneous Details Canbet and IASbet are subsidiaries of IAS Limited, which itself, I believe, was bought by Sportsbet in 2009 While Luxbet itself is new, it is a brand of Tabcorp, which is Australia's largest gambling and entertainment company, with over 12,000 employees
Betting Options Sports, racing Sports, racing
Sports Betting Selection Good Good
Live Betting (for Australians) By phone By phone
Minimum Bet (AUD) Internet: $1.00
Phone: $20.00 for sport, $50.00 for racing
$1.00
Regular Turnover Requirements 1x, or 2x-4x if bonus funds were awarded with the deposit 1x (at > 1.50 odds for free-bet winnings
Bonus Credit Turnover Requirements 2x-4x depending on the promotion Depends on the promotion. Can be 1x @1.90+ odds, or 4x-5x with no odds requirement.
Deposit Options (for Australia) Credit card, POLi, NETeller, EntroPay, Moneybookers, BPAY, bank transfer, cheque Credit card, POLi, BPAY, bank transfer
Withdrawal Options (for Australia) Credit card, NETeller, Moneybookers, bank transfer bank transfer, telegraphic transfer for international customers
Deposit / Withdrawal Fees None for Australian residents, providing the deposit is turned over at least once None for Australian residents
Currencies Offered AUD, CAD, CHF, EUR, GBP, HKD, IDR, MYR, NZD, RMB, SGD, THB, USD, ZAR AUD, EUR, GBP, USD
Credit Facilities Available upon application Available upon application
Suitable for Beginners? Yes Yes
A Must Have for Die-hards? No No
Upsides
  • Australian Residents can verify their identity online in minutes. This avoids the hassle of obtaining certified copies of identity documents.
  • Good deposit bonus offer for high rollers
  • The navigation menu is simple and easy to use. For any event you click on, the betting options will be displayed in the centre column, and you can add a collection of events to this column before placing your bets.
  • Members can access to Sky Channel Internet Video and 2KY Internet Radio streams
  • Intuitive layout and interface
  • Backed by Tabcorp
  • Help buttons next to each bet type
Downsides
  • Doesn't offer any extra services like some other bookmakers. For example there are no video feeds, casino games, etc.
  • Doesn't offer as wide a range of sports betting options as some of its larger competitors, although it is improving in this area
Bottom Line The more I use IASbet, the more I like it. It doesn't offer any fancy extras like video feeds or form data, but it does the important things well. It provides a sound navigation system, competitive odds, and a good selection of sports markets. Luxbet provides the reassurance of being backed by Tabcorp, and the simple navigation menu makes betting easy. Punters who already have numerous bookmaker accounts will enjoy the $100 free bet, while beginners will appreciate the intuitive web site layout.