TexBet Review

Introduction

TexBet review

The following is an in-depth TexBet review. This review covers 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

TexBet is a NSW-licensed bookmaker. Its heritage dates back to 1973 when Terry (Tex) O’Shea commenced bookmaking at the local dog track. The TexBet website was launched in 2020 under the owning company, O’Shea Bookmaking Pty Ltd (ABN 67 640 396 229)1, which is based in country NSW and is run by Terry and his son Wade, who has taken the reins as licensee. The service is 100% Australian-owned and operated.

TexBet is an approved wagering partner for the NRL, AFL, Football Australia and Tennis Australia.

Their contact details are:

Email: info@texbet.com.au

Phone: 1800 TEXBET (1800 839 238)

Postal address:
O’Shea Bookmaking Pty Ltd
Tamworth Racecourse Tamworth
New South Wales, 2340

Services and Features

Deposit options Australian issued Credit/Debit card, Electronic Funds Transfer (EFT), POLi2, cash or cheque via Bank DepositCredit/debit card
Withdrawal options Credit Card, Bank Transfer
Transaction fees None
Currencies AUD
Languages English
Odds formats Decimal
Minimum deposit $10.00
Minimum bet $0.50
Deposit turnover requirements 1x
Bonus turnover requirements 3x at odds of 2.00 or greater
Win limits Metropolitan horse racing:
$10,000 for win bets, $4,000 for place bets, $5,000 for Trifecta and First Four, $2,500 for Quinella and Exacta, $20,000 for Quaddies

Provincial & country horse racing:
$3,000 for win bets, $2,000 for place bets, $5,000 for Trifecta and First Four, $2,500 for Quinella and Exacta, $20,000 for Quaddies

Sporting events:
$2,000 for sporting events and $10,0000 for same-game multis

Accepted countries Australia
Mobile betting At the time of review the iOS (Apple) app had a 4.5 star average rating from 888 reviews. The requirement for iPhone, iPad and iPod touch is iOS 12.0 or later. The requirement for Mac is macOS 11.0 or later and a Mac with Apple M1 chip or later.

At the time of review the Android app had a 4.4 star average rating from 258 reviews. It requires Android 5.0 and up.

Identity verification TexBet employs a third party service to verify your identity during the sign up process. If this process doesn’t work then you can confirm your identity by emailing in scanned copies of ID. You will be required to verify any credit or debit card or bank account which you use to deposit or withdraw funds.
Dormant account fees None
Responsible gambling tools You can set deposit limits (per day, week, fortnight or month) and loss limits (per day, week, fortnight or month). You can also choose a self-exclusion period ranging from one day to one year.

 

Betting Interface and Website Layout

TexBet navigation screenshot

The TexBet website employs the BetMakers wagering platform. The layout is tailored to the screen resolution of the device you’re using. This review will focus on the display for PC & laptop users.

The layout features three column. Navigation is displayed on the left, markets and odds in the centre and the betting slip on the right. Further navigation and breadcrumbs are displayed near the top of each page.

The navigation panel contains quick links to popular upcoming markets. When Sports is clicked the page is reloaded to display a drop down of all available sports alphabetically. The menu doesn’t use nested links. Instead, when a sport is selected, the available leagues are displayed in the centre column in order of popularity.


TexBet odds display

Once you select a league the head-to-head and line markets (where relevant), are displayed for the upcoming fixtures. Unlike some websites, TexBet displays the home team first for American sports.

A SGM icon is displayed for fixtures that support same-game multis. A number is provided next to each fixture to indicate the total number of markets. When the title of a fixture is clicked on the full list of markets is displayed in a nested format, grouped by category (totals, 1st quarter, etc.). This approach is intended to make the browsing of markets easier for mobile device users.

Breadcrumbs are provided at the top of each page to provide convenient navigation to higher categories.


TexBet betting slip

The betting slip is intuitive to use. Singles bets are shown by default with the ability to enter one stake amount that applies to every bet. The possible payout for each bet is displayed once a stake is entered.

Multi betting options are provided if more than one selection is added to the slip. If, for example, four selections are added, then a 4-leg multi option is shown, plus Treble (4 bets) and Double (6 bets). The betting slip is beginner-friendly in that it displays explanations for each multi type. For example, with Double the slip states “6 x 2 leg multi bets” when there are four selections in the slip.

Exotic multis such as Pixie, Heinz and Yankee aren’t offered as a one-click option, but these bets can be created manually by entering stakes for every multi option. You can opt to enter different stakes for Double vs. Treble, for example, to create highly customised exotic multis.

To assist mobile device users, the Singles and Multi options are displayed under tabs, which enables you to toggle off the display of the options you don’t wish to see.


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.

TexBet had not yet been reviewed at the time of our most recent bookmaker margins survey.

We observed head-to-head margins between 4.7% and 6.2%, with notable differences between fixtures in the same league. The NFL for some reason offered the worst value with 6.0+% head-to-head margins. For every other two-outcome head-to-head markets we observed 5.3% margins or below.

Line market margins were more consistent and were in the 5.05% to 5.34% range.

Sports Leagues and Markets

We have observed:

17 markets per EPL fixture plus same-game multis
27 markets per NFL fixture plus same-game multis
9 markets per MLB fixture
27 markets per NBL fixture
5 markets per NRL fixture

For those who like to bet on fixtures beyond the current round, TexBet offers head-to-head markets on the following week for popular leagues such as the NFL and EPL.

The offerings aren’t as deep as the world’s largest bookmakers but they will be adequate for most casual punters.

Horse Racing

TexBet racing menu

The TexBet racing interface displays thoroughbreds, greyhounds and harness races for the day all on the one page.

Blue icons indicate the races with fixed odds markets. Green icons indicate races that you have placed bets on. Orange icons indicate races with promotional features.

The navigation is excellent, with links provided on each page to access the full racing calendar.

A slightly annoying feature is that for upcoming race days the days and hours until the race start are shown rather than the race time. One missing feature that we would like to see is the name of the race when you move your cursor over each race number.


TexBet racing menu

Both fixed odds and tote wagering are offered. Rather than show you the estimated tote odds, the interface displays the name of each tote product (e.g. TOP, MID) for the tote selection buttons.

The two main tote products are:
TOP – guarantees to pay at least the best of the 3 TAB dividends
MID – guarantees to pay at least the middle of the 3 TAB dividends

TOP tote is offered on Australian thoroughbred win markets. MID is offered on all other win and place markets. All exotics pay the SuperTAB dividend.

Extensive form guides are available for each race as well as a speed map. Race overviews with tips are shown inside the form guides.

Flexi betting is supported for exotics.


Upsides

  • 100% Australian owned and operated
  • Heritage that dates back to the 1970s
  • Identity verification can be easily done online
  • Excellent navigation for both sports and racing
  • Extensive racing form guides
  • Top Tote on Australian thoroughbred win markets
  • Same-game multis on popular sports
  • POLi2 is offered as a deposit method
  • No dormant account fees

Downsides

  • Comparatively low win limits
  • Harsher than average turnover requirements on winning bonus bets
  • Below average odds competitiveness
  • Smaller than average range of markets per fixture
  • No in-play phone betting

Bottom Line

TexBet will be a familiar name for anyone who’s involved in country NSW racing. While the website is relatively new, the O’Shea family that run it have been involved in bookmaking since 1973. The highlight of the service is its ease of use, with excellent navigation and an intuitive betting slip. Racing enthusiasts will appreciate the top Tote on all Australian thoroughbred win markets as well as the detailed form guides. The odds competitiveness and markets per fixture are currently below average, but these may improve with time.

Notes and Sources

 

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