Luxbet Announces Closure
Please note that on the 15th December 2017 Tabcorp, the parent company of Luxbet; announced that they are closing the corporate bookmaker effective the 22nd December 2017. All accounts holder are advised to promptyl withdraw their funds. For further information please refer to Luxbet announces closure.
Luxbet History and Background
Established: September 2008
Markets: All sports, racing, eSports, politics, novelties, olympics, niche
Live betting: Telephone only
Welcome bonus promotion: Deposit $50 get $150 in bonus bets
24/7 customer service: Live chat, phone hotline, email
Mobile support: Android OS, Apple iOS (iPad, iPhone), Samsung, Windows Phone
Restricted territories: Denmark, Dutch Antilles, France, Germany, Hong Kong, Hungary, Netherlands, Turkey, USA, US Virgin Islands
LuxBet is a highly recommended online bookmaker for Australian punters. Founded in 2008, based in the Northern Territory and licensed by the Northern Territory Racing Commission, its partnership with Australia’s premier gambling group Tabcorp means you can wager with LuxBet and have peace of mind knowing its reputation and security is top-notch. It also offers several betting markets TAB cannot reach, such as novelties and political betting.
LuxBet is well known for some of the highest returns for punters thanks to its Best of Betting and LuxDiv returns, the latter of which guarantees punters best price on the 3 totes or the official starting price. LuxBet’s average bookmaker margin is 4.9%, slightly lower than the median among major bookmakers in Australia, and a nice low number for us.
LuxBet welcome bonus
Luxbet’s current welcome bonus is a $150 bonus bet when you make your first deposit of $50. The bonus bet is credited to your account and can be wagered in any number of bets of up to $10 wagers or more. You have to use it up within 30 days, and it is currently available to residents of ACT, NT, QLD and TAS.
LuxBet features and site overview
The LuxBet site contains an easy-to-navigate interface, with all sporting and racing markets neatly displayed and uncomplicated, with the next to jump/next to go events for racing and sport listed on the front page for quick access. 13 of the most popular markets in racing and sport have their own portals displayed on the main nav bar to click onto for more detailed information, and the 49 other markets are listed in a neat ‘More’ drop-down section. Promotions and racing form are on the right-hand side, and customer service options are at the bottom of the homepage.
LuxBet is an approved operator for several sports, including the AFL, Cricket Australia, NRL, PGA of Australia and Tennis Australia. There’s over 150 betting options on most matches of AFL and NRL especially, and around 20 markets for Rugby Union. With generous odds and low minimums, there’s an ample amount of wager types for any type of mood or preference. If you aren’t happy with the range available, you might need to take a break from punting – it’s a lot.
LuxBet isn’t marketed as the sibling counterpart of TAB, so another great thing is the better value odds on offer here. Sports bet types include Fixed, Single Fixed, Line Betting, Live Betting, Margin Betting, and Multi Bets. Expect a wide variety of sports betting markets on offer in addition to the 13 main markets shown on the homepage top-navbar, including:
- Australian Rules
- American Football
- Field Hockey
- Ice Hockey
- Live Betting
- Martial Arts
- Motor Sport
- Olympic Games
- Quick Multi
- Rugby League
- Rugby Union
- Soccer Futures
- Soccer Matches
- Sports Exotics
- Table Tennis
- Tennis Volleyball
- Winter Sports
The diversity and range of betting markets is easily the bookmaker’s standout feature. Clicking on the ‘MORE SPORTS’ section reveals several more niche sporting betting markets like Chess, Gaelic Hunting and Yachting for anyone inclined.
Racing markets are thoroughly covered, with horse racing, harness racing and greyhound racing containing their own special portal pages full of the latest and upcoming races, filters so you can find races by code and several other options to make finding which markets you want faster, such as:
- Racing menu
- Next to Jump
- Greyhound Racing
- Harness Racing
- Horse Racing
- Box Challenge
- Racing Specials
- Jockeys Challenge
- Feature Racing
If you’re a racing fan, Luxbet is also known for its taxes going straight back into the racing industry – and a 12% Owners and Trainers win bonus who join the ClubXtra program when wagering on a horse they own or train.
Punters have a ton of Win Bet types on offer for all race markets (Better Div, BOB- Best of the Best, Best of 2 Totes, Fixed, Home Tote + 5%, Mid Tote, Top Fluc) and exotics (Big 6, Daily Doubles, Exacta, First 4, Flexi Bets, Quinellas, Quaddies and Trifectas).
Niche betting markets
Luxbet also has several less traditional betting markets like Elections (Political Betting), Entertainment, Financial or Novelty for anyone looking to dabble in anything non-sporting related or just want to explore a particular area they’ve never had a crack at before.
E-Sports is also well represented, with the rising scene of professional video games in League of Legends and DOTA 2 and some exotic bets on offer. The ‘Special Events’ market also often yields incredibly niche but amusing markets only found outside of Australia to take a punt on, including giant robot fights.
What’s the minimum and maximum betting stakes at LuxBet?
The minimum bet at LuxBet is a low $1, and the maximum bet is based on the size of the payout, as LuxBet caps its payouts at $150,000 – reduced in some markets and subject to bet type. Keep in mind multi-bets are limited to 1500 times your stake and a multi on the horses is limited to 10,000 times your bet.
Mobile LuxBet bookmaker site
LuxBet keeps to the standard set by all bookmakers in Australia with a slick and functional mobile bookmaker site and handy native app you can download on your smartphone or tablet – Android, iOS (iPhone, iPad, iPod Touch) and Samsung devices are recommended for accessing LuxBet either through your mobile’s Web browser or through the official app.
The LuxBet mobile bookmaker app is neat and simple and easy to navigate, making portable punting hassle-free and sneaking a quick bet in easy. Events, horse and greyhound racing, sports and all other niche markets are listed and available, with most recent events at the top and continuously updated. Racing form is also available through the app for any last minute tips while at the tracks. Security is great as it includes a lock pin number so none of your friends can steal your phone and make cheeky bets while you’re logged in.
To access and download the mobile site or native app on your phone, simply follow any of the links on this review page or tap the app button directly on your device and it will download to your phone automatically – and give you a neat welcome bonus from us.
Deposit and withdrawal options at LuxBet
LuxBet supports a multitude of online and traditional banking options for real money AUD punters to use to fund their betting account and withdraw their money, with all transactions protected and transferred safely using each service’s state-of-the-art 128-bit SSL digital encryption technology. As mentioned earlier, LuxBet is backed by Tabcorp, who abide by the strictest levels of Australian betting regulations so your Australian dollars are safely processed.
BPay: A well known payment option, BPay is supported at LuxBet and processed through your financial institution using LuxBet’s biller code (77370) and your customer reference number. BPay deposits at LuxBet take 2 – 3 days to process, and is only available to those with an Australian bank account.
Direct Bank Transfers: Also known as an Electronic Funds Transfer (EFT), this is a great option for those who just prefer to use their own internet banking service and transfer money directly from there, given your bank’s security would be well known to you. You must deposit money into the provided LuxBet bank account details on their site and provide your unique customer reference number to be properly credited. It isn’t recommended by us to any impatient punters given it takes 2 – 3 days for your deposited funds to appear in your LuxBet betting account – unless you can wait.
MasterCard and Visa: Credit cards of both brands are accepted for deposits, and recommended for their proven security and because your deposited funds are available instantly in your account. A disclaimer on the site says deposits made with credit cards must be turned over (wagered) before refunds can be successfully processed.
POLi: An Australian-based online payment service, POLi allows you to make deposits and withdrawals 24/7, 365 days a year with your bank account linked to your POLi account. It is highly recommended at LuxBet, who supports it with instant fund transfers.
Skrill (Moneybookers): A popular e-Wallet service used by punters who want an extra layer of security between their personal accounts and betting accounts, Skrill deposits are instantaneous and withdrawals are within 48 hours. All deposits made with Skrill are treated as bet purchases and you have to turn over the amount you transferred before a withdrawal can be made with the service.
Withdrawals: Punters can withdraw winnings from their Luxbet betting account to an Australian Bank account without incurring any fees or charges from Luxbet, but you are legally required to provide proof of identification from you within 45 days of opening your account or it will be suspended and you cannot withdraw – fair enough.
LuxBet offer a myriad of options for members to get in-touch with customer support or for general enquiries, and in our experience has been responsive and fast when it comes to providing the help we needed.
- Live Online Chat: Monday to Saturdays, 8am to 10pm; Sunday 8am to 6pm
- Email: firstname.lastname@example.org
- Mail: GPO Box 863, Darwin NT 0801
- Phone hotline: 1300 LUX BET (1300 589 238) – Monday to Saturday, 8am to 10pm; Sunday 8am to 6pm
- Race Betting: 132 LUX (132 589)
- Sports Betting: 134 BET (134 238)