Overall Rating 8 / 10 7 / 10
Full Review Review Review
Current Sign Up Promotions Deposit funds into your account for the first time and receive a free bet up to the value of 20% of your initial deposit of up to $500. None
Headquarters Australia Australia
License Northern Territory NSW & Victoria (you pick one when you sign up)
Agency Type Bookmaker Bookmaker
Company Size / Miscellaneous Details Sportsbet is a large company that advertises a lot in Australia. I believe Sportsbet purchased IAS Limited in 2009 TAB Sportsbet is a brand of Tabcorp Holdings, 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 or at a TAB Retail Outlet
Minimum Bet (AUD) Internet: $1.00
Phone: $50.00 		$1.00
Regular Turnover Requirements 1x if you receive a free bet with your deposit or if you deposited by credit card None that I'm aware of
Bonus Credit Turnover Requirements 1x for Australian residents, 5x for non-Australian residents Not applicable
Deposit Options (for Australia) Credit card, BPAY, POLi, cheque, Moneybookers, direct deposit, telegraphic transfer, SecurEFT Credit card, in person at TAB Retail Outlets, cheque, BPAY, bank transfer, Australia Post Bank
Withdrawal Options (for Australia) bank transfer, BPAY, cheque, Moneybookers Bank transfer, cheque, in person at TAB Retail Outlets, Australia Post Bank
Deposit / Withdrawal Fees None for Australian residents None for Australian residents
Currencies Offered AUD AUD, EUR, GBP, HKD, JPY, USD
Credit Facilities $200 credit is offered if your account runs low. Additional credit available upon application. No
Suitable for Beginners? Yes Yes
A Must Have for Die-hards? No No
Upsides
  • Easy to use interface
  • A form guide is provided for selected events like tennis and football
  • Frequent promotions for members, including tipping competitions
  • Backed by a large company with numerous retail outlets in NSW and Victoria
  • Members get access to Sky Channel Internet Video streams
  • Members participate in a rewards program
  • An iPhone app is available for mobile betting by iPhone owners
  • Easy to use interface
Downsides
  • The navigation menu is static, which means the page is often reloaded each time you browse different sub-markets
  • An 'Account Management fee' of AUD $5.50 per month is charged for any account that hasn't been used for 6 months
  • POLi isn't offered as a payment method
  • Poor navigation setup. For example you can't view head-to-head odds for all baseball games of the day at once.
  • Typically offers worse odds than most other bookmakers
  • No new member offers
Bottom Line Having made hundreds of bets with SportsBet, I can recommend them with confidence. I have experience with quite a number of bookmakers, and SportsBet appears to be one of the more reputable agencies in Australia. TAB Sportsbet isn't as competitive or innovative as its rivals. Having said that, the website offers a great selection of sporting markets. Residents of NSW and Victoria will also appreciate the access to retail outlets that comes with membership. One point of interest is that I have often found TAB Sportsbet's odds to vary substantially from other bookmakers. So despite the higher margins, you can sometimes find the best value by using TAB Sportsbet to back a specific outcome.