Sportsbet is the largest online bookmaker in Australia and the benchmark most punters compare everyone else against. Its market share means best-price availability on most televised races, and its promo calendar for existing members is the busiest in the industry.
Like every Australian bookmaker, Sportsbet cannot offer bonus bets to new customers — sign-up inducements have been banned nationally since May 2019 under the National Consumer Protection Framework. What Sportsbet can and does offer is a constant rotation of promotions for existing members: boosted odds on selected races, money-back offers when your runner finishes second or third, and enhanced terms on same-race multis.
Current Sportsbet promotions for existing members
Odds boosts
Daily boosted prices on featured races and sporting events, applied automatically in the bet slip. Metro Saturday races are the most common target.
Money-back specials
Stake returned as a bonus bet when your selection runs second or third in nominated races — historically Sportsbet's signature racing promo.
Same-race multi insurance
Money-back style credits on selected same-race multis that miss by one leg.
Protest payout
Winners paid out on the past-the-post result on Australian gallops when a protest is upheld against you.
Promotion availability rotates and can differ by state — check the Offers tab in your account for what's live today.
Payments & withdrawals
Visa/Mastercard, POLi, bank transfer, PayPal, Apple Pay and PayID. Deposits are instant for cards and PayID; bank transfers take 1–2 business days. Withdrawals to bank are typically same-day to next-day, and the Sportsbet Cash Card allows instant ATM access to winnings.
App & live streaming
The Sportsbet app is the most downloaded wagering app in Australia and streams Victorian and South Australian racing live, plus selected sports. An account with a recent deposit or bet is required to watch.
Sportsbet strengths and watch-outs
Strengths
- Biggest racing promo rotation for existing members
- Best app in the market by usage and polish
- Protest payout on all Australian metro gallops
- Deep exotic and same-race multi markets
Watch out for
- Popular winners can be bet back aggressively (restricted accounts are common)
- Sign-up bonus bets are illegal to advertise — ignore any site claiming otherwise
Sportsbet bonus bets FAQ
- Can I get a sign-up bonus at Sportsbet?
- No. Since 26 May 2019 it is illegal for any Australian-licensed bookmaker to offer inducements to open an account. Any site advertising a Sportsbet sign-up bonus code is misleading you — the value for new customers comes from the ongoing member promotions instead.
- Can I watch live racing at Sportsbet?
- Yes. Sportsbet streams Victorian and South Australian thoroughbred racing live to members who have funded accounts or have placed a bet recently.
- Does Sportsbet have a loyalty program?
- There is no traditional points-based VIP scheme. Value instead comes from the rotating member promotions — odds boosts, money-back offers and multi insurance — which are visible once you log in.
- How fast are Sportsbet withdrawals?
- Bank withdrawals are usually processed same day or overnight. The Sportsbet Cash Card gives instant access at ATMs and EFTPOS.