Pandabet Review

Introduction

Pandabet review

The following is an in-depth Pandabet review. We cover the history, features, interface, sports & racing markets, upsides and downsides of the service.

This review is part of our comprehensive Bookmaker Reviews section. The Betting Agencies page provides information and reviews for other sports betting agencies that are suitable for Australians. The following details are updated periodically to keep them up to date.


History, Location and Licence

Pandabet is a 100% Australian-owned bookmaker that is licensed by Liquor & Gaming NSW.1 The bookmaker was launched in 2025. It is owned and operated by the Queensland-based Betting Services Australia Pty Ltd (ABN 21 649 987 735).2

The Pandabet website employs the GenerationWeb V. 2025.1 Interactive Betting System.

Pandabet is an approved wagering provider of the AFL, NRL, Basketball Australia, Cricket Australia, Tennis Australia, Racing Victoria, Racing NSW, Racing Queensland, Racing SA, Tasracing, Racing and Wagering Western Australia, the Gambling & Racing Commission, Thoroughbred Racing NT, New Zealand Thoroughbred Racing, GWIC, Greyhound Racing Victoria, Harness Racing New South Wales and Harness Racing Victoria.

Contact Details

Online chat is available from 8 AM to 11 PM (Sydney time) seven days a week.

Email: support@pandabet.com.au

Services and Features

Deposit options Debit card (Visa or Mastercard), PayID, Electronic Funds Transfer (EFT)
Withdrawal options Electronic Funds Transfer (EFT)
Transaction fees None for deposits over $10
Currencies AUD
Languages English
Accepted countries Australia
Odds formats Decimal
Minimum deposit $5.00
Minimum withdrawal $10.00, except where the total balance in your account is less than $10.00, in which event you can submit a withdrawal request for the entire remainder of your account balance.
Minimum bet $0.50
Deposit turnover requirements 1x
Support Online chat, email
Identity checks ID verification occurs during the sign up process and it only takes a matter of seconds. If that check isn’t successful, you will be required to provide 100 points of identification manually.
Inactive account fees None that we’re aware of

 

Maximum payouts

Single wager (on either racing or sport): $20,000
Multi-Leg Bet: $20,000
Racing exotics: $2,000.
The maximum payout for any one event or race is $20,000 unless prior agreed.

Notwithstanding the dividend declared by any Australian TAB, the maximum dividend that PandaBet will be obliged to pay out in respect of any ‘Tote’ or ‘Tote-Derivative’ Win or Place bet shall not exceed $151.00.

PandaBet may elect, at its sole and absolute discretion, to pay more than the payout limits stated.

Mobile betting

The website uses a responsive design that tailors the layout to the screen size of your device.

Android and Apple Apps are available.

Bookmaker Margin

The bookmaker margin (overround) is a measure of the bookmaker’s profit margin for an event and is a hidden transaction cost for punters. This profit is how bookmakers finance their services but bookmakers vary in the margins they apply. From a punter’s perspective, the lower the margin, the better. Learn more about bookmaker margins.

Pandabet was not included in our most recent bookmaker margins and markets survey.

Our first impression is that Pandabet’s odds for sports are not as competitive as the leading bookmakers, however, in a benchmark test against the bookmaker with the best sports odds in our latest margins survey, Pandabet offered the best or joint-best head-to-head odds for:
– two teams out of four AFL games
– six teams out of eight NRL games
– four teams out of sixteen NFL games
– two out of three US Open tennis matches

This makes Pandabet a viable option for those who like to shop around for the best head-to-head odds.

It’s a similar story for line markets, albeit with lesser frequency, while total score markets are notably less competitive than the leading bookmakers.

Sports Markets

In September 2025, we observed markets for Australian rules (AFL, AFL Women), baseball (6 leagues), basketball (3 leagues), boxing, cricket, golf, American Football (NFL, NCAA), motor racing (F1), rugby league (NRL, NRL Women), rugby union, snooker, football (42 leagues & competitions, including the top five English divisions), tennis (ATP, WTA, Challenger) and volleyball.

A good range of markets is offered for the headline fixtures. For example, we observed 63+ markets for upcoming AFL fixtures, 38+ markets for NRL fixtures, 40+ markets for NFL fixtures, 16+ markets for EPL fixtures, 27+ markets for international football fixtures and 28+ markets for US Open tennis matches.

Same-game multi (SGM) betting is supported for a wide range of leagues and events.

Futures markets are available for popular leagues and competitions such as the AFL (including Brownlow), MLB, NFL, NRL, golfing majors, F1 and major European football leagues.

In-Play Betting

In-play phone betting is not available at the time of review.

Betting Interface

Pandabet navigation screenshot

Pandabet employs the GenerationWeb V. 2025.1 Interactive Betting System. This review will focus on the three-column layout that is displayed on laptops and PCs.

The website uses the ubiquitous layout with navigation on the left, markets and odds in the centre and the betting slip on the right. When the betting slip isn’t displayed, the right column instead displays markets for soon to commence fixtures.

A tab at the top of the navigation panel switches the navigation column between Racing and Sport.

The sports are listed in an expandable format. When a sport is selected, the navigation panel displays the leagues and futures markets for that sport.

No breadcrumbs or search feature is available.


Pandabet odds and betslip screenshot

When you select a sport, a list of upcoming fixtures is displayed along with the head-to-head, and where relevant, the line and total score odds.

The number of markets available per game is shown below each fixture. A SGM icon is shown for markets that can be employed within same-game multis.

Selections that are already in your betting slip are highlighted in the odds area.

When a specific game is selected, all available markets for that game are displayed as a list. Clicking on each market displays the selections and their odds. You can view odds for more than one market at a time. To view the odds for another fixture, rather than navigate back to the fixtures list, you close the additional markets tab for the game you had been looking at.

The betting slip displays both multi and single bet options. When numerous selections are added to the slip, you can manually create exotic multis. For example, if there are four items in the slip, you can enter stakes for doubles (6 combinations), trebles (4 combinations) and a 4-leg multi.

Where promotional boosts and offers are available, they are displayed with icons below the applicable selections in the betting slip.

Overall, the betting interface works well. We love the fact that you can view the head-to-head, line and total score markets for all fixtures at once. A standout feature is how quickly the site loads. When switching to new markets the display of the new odds felt instantaneous.


Horse Racing

Pandabet racing screenshot

The Pandabet racing interface feels immediately intuitive because the website uses a similar layout as most other bookmakers.

A form guide is available for Australian thoroughbred races as a pop-up box. Pre-Post flucs are shown next to the fixed odds. You can build your own same-race multi (SRM) using win, top 2, top 3 and top 4 markets.

The fixed odds aren’t as competitive as the leading bookmakers, but various odds boosts and promotional features are available on your account each day. It also wasn’t difficult to find specific runners at odds that were greater than the offerings of leading bookmakers. Looking at a Saturday Moonee Valley racecard as an example, Pandabet offered equal or better odds than a leading bookmaker for:
Race 1: 3 out of 6 runners
Race 2: 2 out of 11 runners
Race 3: 1 out of 8 runners
Race 4: 3 out of 14 runners
Race 5: 1 out of 7 runners
Race 6: 3 out of 8 runners
Race 7: 1 out of 11 runners
Race 8: 4 out of 11 runners
Race 9: 3 out of 14 runners
Race 10: 1 out of 9 runners

For Saturday metro racing, we observed Best Tote and SP (BT3SP) for win and middle Tote for place. At smaller Saturday venues we observed middle Tote for win and place. For weekday racing, we primarily observed just fixed odds.

Generally, fixed odds are made available shortly before the commencement of the racecard. One exception is feature Saturday racecards, for which we observed fixed odds for metro thoroughbreds on Wednesday.

A strong range of racecourses are shown from around the world, however we observed that some of them don’t offer odds until very shortly before the race commences.


Upsides

  • Low $0.50 minimum stake
  • Low $5.00 minimum deposit
  • Identity verification is quick and easy
  • Incredibly fast betting platform
  • Online chat is available 15 hours a day
  • Futures markets are available for numerous sports
  • No dormant account fees
  • Same-game multis are supported for a broad range of sports
  • Same-race multis are supported
  • Australian owned
  • If your account balance is less than $10.00, you can submit a withdrawal request for the entire remainder of your balance
  • Loyalty Points feature
  • You can opt out of receiving promotional emails during the sign up process
  • You can set a deposit limit during the sign up process
  • Strong range of responsible gambling features in the account area

Downsides

  • Not much is known about the owning company
  • With the exception of Saturday metro thoroughbred venues, fixed odds for racing are generally only made available on the day of the race
  • Less competitive odds for total score and other less popular markets
  • The instant payment service Osko isn’t used when processing withdrawals
  • No search function for events
  • No in-play phone wagering
  • Cashing out of bets for events yet to start isn’t supported

Bottom Line

Pandabet is the latest of a number of Australian-owned bookmakers that are trying to disrupt the foreign-owned giants. The highlight of the service is the lightning-fast betting interface. The breadth of markets and sports covered make it usable as a standalone membership for casual punters, while experienced punters can add it to their portfolio of memberships for odds shopping.

Sources

 

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