bet365 Review & Promo Code 2026: Bonus bet offers for new customers

Quick Summary

Who is bet365?

bet365 is a global bookmaker founded by Denise Coates in Stoke-on-Trent, United Kingdom in 2000. The Australian operation launched in 2013 and is licensed by the Northern Territory Racing Commission under licence number 000668. bet365 has quickly become one of the most respected bookmakers in Australia thanks to its industry-leading live streaming service, which covers more Australian and international racing than any other bookmaker. The platform is renowned for unique horse racing features including the Odds Drift Protector, which pays out at the longer price if your horse drifts from the fixed odds you took, and the Protest Promise, which pays your bet as a winner even if the result is overturned by stewards. With maximum payouts of $2 million on metropolitan thoroughbred races, bet365 caters to serious punters who demand the best odds and highest limits in the market. The brand maintains a low-key marketing presence compared to Sportsbet or TAB but has earned fierce loyalty among knowledgeable racing punters. Founded 2000. Licensed by Northern Territory Racing Commission (Licence 000668). Target market: Serious punters and racing enthusiasts who value live streaming, best odds, and high max payouts.

Licensed by Australian licensed (see operator site for details). Target market: Australian horse racing punters.

bet365 Promo Code Details

Enter promo code RACE365 during the bet365 registration process to ensure eligibility for new customer offers. Claim steps: 1) Click through from Race.com.au to the bet365 Australia sign-up page. 2) Fill in the registration form and enter RACE365 in the bonus code or promotional code field. 3) Complete identity verification by providing 100 points of ID as required under Australian law. 4) Make your first deposit (minimum $10) using any supported payment method including Visa, Mastercard, or PayPal. 5) Place a qualifying bet on any racing or sport market to activate the bonus bet promotion. bet365 bonus bets are credited after your qualifying wager settles and can be used on any market. Terms, minimum odds, and offer specifics are subject to change, so always verify the current promotion on the bet365 website. New customers only, aged 18+, Australian residents.

Horse Racing Features

bet365 offers arguably the best horse racing product in Australia for serious punters. The platform covers every Australian thoroughbred, greyhound, and harness meeting with fixed odds, and provides extensive international racing from the UK, Ireland, Hong Kong, Japan, France, South Africa, and the United States. What sets bet365 apart are its unique racing features. The Odds Drift Protector automatically pays you at the longer price if your selected horse drifts from the fixed odds you originally took, providing genuine insurance against market movements. The Protest Promise means bet365 pays out your bet as a winner even if the horse is demoted following a stewards' inquiry or protest, removing one of the most frustrating experiences in racing. Maximum payouts reach $2 million on metropolitan thoroughbred races, the highest in Australia. Bet types include win, place, each-way, quinella, exacta, trifecta, first four, quaddie, and Same Race Multi. The Instant Call feature allows in-play race betting by phone, and early fixed odds are available well before race day on feature meetings.

Betting Platform Review

The bet365 app and website are functional and feature-rich but receive mixed reviews on design. The interface uses a grey and green colour scheme that some users find dated compared to the modern aesthetics of Sportsbet or Neds. Navigation can feel cluttered, particularly for new users, and the mobile sign-up process is more cumbersome than competitors. However, what bet365 lacks in visual polish it makes up for in substance. The live streaming service is the best of any Australian bookmaker, covering significantly more meetings than Sportsbet or TAB. Deposits are supported via Visa, Mastercard, PayPal, POLi, Apple Pay, and bank transfer, with a minimum deposit of $10. Withdrawals process within one to three business days. Customer support is available via live chat and email, with responsive service during Australian racing hours. The bet slip is clear and handles complex multis efficiently. For punters who prioritise function over form, bet365 delivers.

Pros & Cons

How to Sign Up

1. Click the "Claim bet365 Promo" button on this page to visit bet365 Australia.
2. Enter promo code RACE365 in the bonus code field during registration.
3. Complete identity verification with 100 points of ID.
4. Make your first deposit (minimum $10) via card, PayPal, or bank transfer.
5. Place your first qualifying bet to activate the bonus bet offer.

bet365 vs other bookmakers

How bet365 compares for bonus bets, horse racing coverage, odds and more. Scores out of 5.

bet365 vs Competitors

bet365 vs Sportsbet: bet365 leads on live streaming, odds quality, and max payouts ($2M vs $1M); Sportsbet has a better app and more frequent promotions. bet365 vs TAB: Both offer extensive streaming; bet365 wins on fixed odds and unique features like Odds Drift Protector and Protest Promise. bet365 vs Ladbrokes: Ladbrokes has money-back 2nd and 3rd; bet365 offers higher limits and superior streaming. For serious racing punters who want the best odds and live coverage, bet365 is the standout choice.

Frequently Asked Questions

Is this bookmaker licensed in Australia?

Yes — all bookmakers reviewed on Race.com.au hold Australian licences. Check the operator’s website for full licensing details and terms.

Responsible Gambling

Race.com.au supports responsible gambling. If you or someone you know has a gambling problem, free support is available 24/7. Call Gambling Help on 1800 858 858 or visit gamblinghelponline.org.au. Set deposit limits, take breaks, and use self-exclusion tools if needed. Never chase losses. Our bookmaker reviews are for informational purposes; please bet within your means.

18+ Only. Gamble Responsibly. Think! About your choices. Call Gambling Help on 1800 858 858 or visit www.gamblinghelponline.org.au. T&Cs apply. gamblinghelponline.org.au. Call 1800 858 858 for 24/7 support. T&Cs apply to all offers.