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

Quick Summary

Who is Sportsbet?

Sportsbet is Australia's largest online bookmaker by market share, originally founded in Darwin in 1993 as one of the first licensed online betting operators in the country. Now owned by Flutter Entertainment, the global parent company of Paddy Power and FanDuel, Sportsbet has grown from a Northern Territory start-up into a household name with annual revenue exceeding $1 billion. Licensed by the Northern Territory Racing Commission, Sportsbet serves millions of active Australian customers and is known for category-leading promotions, a polished mobile experience, and broad market coverage. The brand pioneered Same Race Multi in October 2019, transforming the way Australians bet on horse racing by letting punters combine multiple selections within a single race. Sportsbet invests heavily in marketing and sponsorships, including partnerships with Racing Victoria, Racing NSW, and major sporting codes, making it the most recognised betting brand in Australia. Founded 1993. Licensed by Northern Territory Racing Commission. Target market: Mass market; Australia's biggest brand targeting casual and serious punters across racing and sport.

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

Sportsbet Promo Code Details

Use promo code RACEBET when creating your Sportsbet account to ensure you are eligible for the latest new customer offer. Claim steps: 1) Click through from Race.com.au to the Sportsbet sign-up page. 2) Complete the registration form and enter RACEBET in the promo code or referral field. 3) Verify your identity by providing 100 points of ID as required under Australian regulations. 4) Make your first deposit using any supported payment method (minimum $5). 5) Place your first qualifying bet on any racing or sport market to activate the bonus bet offer. Bonus bets are typically credited once your qualifying bet settles and can be used on any market within the Sportsbet platform. Terms, minimum odds requirements, and offer availability may change, so always confirm the current promotion on the Sportsbet website. Promo codes are for new customers only, aged 18 and over, and residing in Australia.

Horse Racing Features

Sportsbet delivers one of the most comprehensive horse racing products in Australia. Every Australian thoroughbred, greyhound, and harness meeting is covered with fixed odds, and Sportsbet also offers extensive international racing from the UK, Ireland, Hong Kong, Japan, France, and the United States. Bet types include win, place, each-way, quinella, exacta, trifecta, first four, quaddie, and the flagship Same Race Multi that Sportsbet pioneered in 2019. Same Race Multi allows punters to combine selections like a horse to win, a jockey to place, and a trainer's runner to finish in the top three within a single race, significantly increasing both engagement and potential payouts. Best Tote and Top Fluc products are frequently available on metropolitan and feature races. Race-day promotions are extensive, with money-back specials on selected races, enhanced odds, and multi insurance. Integrated form guides, speed maps, and expert tips make researching races straightforward within the app.

Betting Platform Review

The Sportsbet app is widely regarded as one of the best betting apps in Australia, consistently rated above 4.5 stars on both iOS and Android. The interface is clean, fast, and intuitive, with a race card view that makes navigating between meetings effortless. Quick bet and quick deposit features let punters place wagers within seconds, and the bet slip supports complex multis with clear potential payout displays. Deposits are available via Visa, Mastercard, PayPal, POLi, Apple Pay, Google Pay, and bank transfer, with a low minimum deposit of $5. Withdrawals typically process within one to three business days via bank transfer or PayPal. Customer support is available via live chat, email, and an extensive help centre. Live streaming is offered for many Australian and international meetings directly within the app. The desktop website mirrors the app experience and is fully responsive. Overall, Sportsbet sets the benchmark for app quality among Australian bookmakers.

Pros & Cons

How to Sign Up

1. Click the "Claim Sportsbet Promo" button on this page to visit Sportsbet.
2. Enter promo code RACEBET during the registration process.
3. Complete identity verification with 100 points of ID as required by Australian law.
4. Make your first deposit (minimum $5) using card, PayPal, Apple Pay, or other supported methods.
5. Place your first qualifying bet on racing or sport to activate the bonus bet offer.

Sportsbet vs other bookmakers

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

Sportsbet vs Competitors

Sportsbet vs Neds: Both are under the Entain/Flutter umbrella. Sportsbet is the bigger brand with a wider market range and pioneered Same Race Multi; Neds offers a simpler sign-up bonus and targets a slightly younger audience. Sportsbet vs TAB: TAB has unmatched tote pools and Sky Racing streaming; Sportsbet wins on promotional frequency, app polish, and fixed odds variety. Sportsbet vs bet365: bet365 leads on live streaming quality and max payouts; Sportsbet is the more promotionally aggressive brand with a friendlier app.

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.