Palmerbet Review – Taking a Look at One of Sydney’s Leading Bookmakers

Palmerbet is an Australian owned betting platform that offers a wide range of sports betting markets. The Palmer family have been a part of Sydney’s betting scene for over 30 years, and our Palmerbet review takes a detailed look at their new online site which aims to provide a better service with bigger odds than their competitors.

Our Rating of Palmerbet - AustraliaAustralia Flag

Overview – Click to Find Out More
Sports to bet on 23
Avg. markets (AFL) 220
Live streaming No
Payout rate (AFL) 96.55%
Partnerships N/A
Languages offered English
Customer service Email
Gambling Licence Racing NSW and OLGR
Top Bookie
Play Here VISIT SITE!
Website www.palmerbet.com
Overall Rating 4 / 5
Palmerbet Highlights:
Sports Rank Top Horse Racings Betting Sites
Payment Rank Best Visa Betting Sites
Players must be 18+ to join. Full Terms and Conditions apply.

Palmerbet was founded by the three Palmer brothers in 2013 after they crafted their trade as leading bookmakers on Sydney’s racetracks. Now, the Australian operated betting site offers online odds across some of the country’s most popular sports with impressive in-game multis and promotions.

An Introduction to the Palmerbet Sportsbook

Despite the fact that it is still in its infancy, Palmerbet has been a hit amongst punters, especially racing fans. From their time spent trackside, the Palmer family have been able to provide a platform that is just what racing punters are looking for, keep reading our Palmerbet review to find out why.

Palmerbet’s Sports Markets and Betting Types

It isn’t just racing that the Sydney based bookmaker specialises in, with competitive markets for AFL, NBA, EPL and much more, sports fans from all over the world can have a swirl on whatever tickles their fancy! Palmerbet sports markets also provide impressive offers and promotions too, which are displayed on their easy-to-use website.

On their website, you can see the wide range of sports betting markets covered by Palmerbet. You can easily navigate to whatever sport you are looking for and pick the market you are looking for whether that is the AFL or the latest EPL game. You can access all this with the click of a button!

The Most Popular Sports Markets at Palmerbet
Football (62) Basketball (23) Australian Rules (3) Tennis (11) Golf (9)
UEFA Champions League NBA AFL ATP Australian Open Open Championship
Australian A-League Australian NBL AFL Women’s ATP US Open USPGA Championship
French Ligue 1 Euroleague NTFL Premiership WTA Melbourne US Open
German Bundesliga China Basketball Association ATP Melbourne (Murray River Open) US Masters
Italy Serie A Italy Lega A ATP Melbourne (Great Ocean Road Open) The Ryder Cup
English Premier League Spain ACB WTA Melbourne (Yarra Valley Classic) Saudi International

For all you football fans out there, Palmerbet has definitely got you covered! With 62 footy markets including all the top European leagues like the English Premier League and the German Bundesliga. You can get your fantastic hands-on odds from football matches across the globe.

However, one downside to Palmerbet’s platform is the lack of betting options for some of the less popular markets. Despite having a decent amount of sports and markets covered, those looking to gamble on some smaller division games might struggle to find what they are looking for on Palmerbet.

In-play Betting & Live Streaming

Palmerbet Australia offers in-play betting for many sporting leagues. However, if you want to place an in-play bet, you have to call up, receive a quote and place your bet over the phone. Bets placed over the phone incur a minimum stake of $50. Palmerbet also does not offer a live streaming service so this may be an issue for some.

Palmerbet prides itself on its bookmaking history that was founded at the racecourse. Although it features many sports betting market, Palmerbet might not be the site for hockey fans as there are no hockey betting markets. Here is how it compares to some other live betting sites.

For a relatively small online betting site, Palmerbet has a pretty impressive array of sports to bet on, and there are even markets to bet on politics and entertainment. However, when compared to some of the more established betting companies, 30 different sports could be considered pretty small.

Multibets at Palmerbet

For those of you looking to win big, you’ll be familiar with building your bets with different combos to push up the potential returns. Punters can place multi bets across a wide range of Palmerbet sports via the website with no cap on selections!

With its roots firmly in Sydney’s racetrack scene, it is no surprise that Palmerbet offers some unique multi-bet features that rival some of the big betting boys. The bookmaker’s Same Race Multi offer gives punters the chance to win bigger by allowing up to four runners to be backed in a single race, now that’s what we like to see!

Palmerbet Australia even provides punters with the option to place system bets too. With a huge variety of system bets starting from doubles and going all the way up to Canadian bets and Lucky 31, it all just depends on how lucky you are feeling.

Minimum and Maximum Stakes at Palmerbet Australia

The minimum stake you can place at Palmerbet is $1.00, which is actually quite steep when compared with some rival companies. For example, at Betfair, the minimum stake is 10c which means that pretty much anyone can make a bet. However, Palmerbet’s higher amount restricts those who like to place Goliath bets, for instance.

The maximum stake differs from sport to sport. However, for those of you regularly win big, you’ll be glad to hear that there is a maximum payout of $1,000,000, it’s always good to dream hey! The next part of our Palmerbet review will take a closer look at the odds offered by the Australian bookmaker.

Competitive Odds Throughout7

Despite being a relatively small betting service, Palmerbet offers fairly competitive racing odds when compared with their Aussie rivals. But odds on other main sports are not as competitive. Palmerbet odds are fair across the board, and if you take advantage of their special offers, then you’ll be well on your way to winning big.

For example, a home win for Tottenham Hotspur vs Chelsea in the EPL would return $35 from a $10 bet placed which is matched by some of the country’s leading bookmakers like The Tab, proving that Palmerbet do offer competitive odds. The table below shows a deeper look into some of their odds across different sports.

Odds Levels for the Largest Sports Markets
  • .
  • Football95.88 - 97.25%
  • AFL96.22 - 98.10%
  • Tennis95.42 - 98.21%
  • Rugby96.03 - 97.56%
  • Basketball95.00 - 97.44%
  • Cricket94.89 - 96.99%
  • Golf96.23 - 97.84%
  • ..
  • .....
  • Return to Player (%)

We took a look at the most popular football markets like the both teams to score (BTTS) market to see just how competitive Palmerbet’s payout rates are compared to betting odds in Australia. Leicester City’s Premier League fixture with Liverpool is one fixture that provided evidence of the bookmaker’s decent payout rates when compared with betting big dogs bet365.

Odds for BTTS yes @1.54 and no @2.32 for two free-scoring sides are good odds in today’s market, especially when considering Liverpool are the EPL champions. Also, when compared with Bet365, BTTS yes @1.53 and no @2.37, this proves that Palmerbet is true to their word in offering very competitive odds.

Payment Methods

Everyone wants to know that their betting site enables quick and easy deposits and withdrawals. This means that they can place their bets and get their cash in a timely fashion, like with other rival bookmakers. Below is a table that looks at Palmerbet’s available payment methods in greater detail.

Payment Methods Withdrawal Limits Deposit Limits Withdrawal Time Deposit Time Fees
Visa AU$10-Unlimited AU$10-Unlimited N/A Instant Free
MasterCard AU$10-Unlimited AU$10-Unlimited N/A Instant Free
Bank Transfer $10-Unlimited Check with bank 1-2 days 1-2 days Free
POLi AU$10-Unlimited AU$10-Unlimited N/A Instant Free
Bpay AU$10-Unlimited AU$25-Unlimited N/A 1-2 days Free

Palmerbet offers several popular payment methods, including POLi, Australia’s leading online debit payment method, with no caps or withdrawal fees. However, there is one major drawback in that withdrawals can only be made via bank transfer which means it could take up to two days for punters to get their hands on their winnings.

Palmerbet User Experience

Before we go any further in this Palmerbet review, it is important to look at one of the most important aspect of any website is the user interface. How easy is it to navigate, and what things stand out and grab your attention? All these things play a big part in how punters choose their bets and splash their cash.

As we already know, Palmerbet is a relatively new bookmaker, and therefore the site’s interface is basic with a simple navigation bar and dark blue colour theme. Its simplicity means the site loads quickly with offers and promotions looping at the top of the page above all the different sport categories which are very easy to find.

Sometimes less is more, and the Palmerbet betting site does what it says on the tin. Sure, it’s not flashy, but as we established, there is no live streaming on the site, so there isn’t too much going on that requires a super-fast internet connection. It’s very easy to use so we give them the thumbs up for user interface.

Palmerbet: How to Place a Bet

Now that we’re familiar with the layout of the site, it’s time to place a bet. Are you feeling lucky? The first step is to create your account. After that, you could choose among Palmerbet sports and which market you would like to bet on. Finally, you can place your bet, and it really is that easy!

The table below aims to show you just how easy it is to place a bet on the Palmerbet website. The time it takes to sign up and place your bet is minimal, meaning there is more time for you to make sure that you make the winning choice!

  • [1] Create an accountPalmerbet Create AccountSetting up a Palmerbet account takes minutes, with just basic details needed. You must verify you account identity within 14 days of opening an account.
  • [2] Make your selectionPalmerbet Make SelectionChoose your favourite market by using the sports navigation bar at the top of the page or open the side panel and make your selection.
  • [3] Place your betPalmerbet – Login and Place BetsYour bet will be added to your bet slip which will appear on the right-hand side. There is even a quick bet option for those in a hurry!

As easy as it is to place most bets on Palmerbet website, the same cannot be said for those looking to place live bets. As we discussed earlier, for those of you who like live betting or in-play betting, you must call up and place your bets over the phone, which isn’t ideal.

If the odds on your selection change whilst you are browsing, you will be notified that your selection odds have altered before you can place your bet. It is common for odds to fluctuate as sporting events near, but Palmerbet lets you know of any fluctuations before you part with your cash.

Palmerbet: Company Info

In this section, we will dive a little deeper into what the Australian bookmakers are all about and what makes them stand out from the crowd! We will take a look at Palmerbet’s formation, background, customer service platform and licensing info. Soon you will know Palmerbet Australia like the back of your hand!

Palmerbet Under the Microscope

As we briefly mentioned before, the bookie was founded by three brothers, Grant, Adrian and Matt. They made a name for themselves on Sydney’s most popular racetracks like Randwick. This has formed the bedrock of what Palmerbet Australia stand for and what they pride themselves on. Being an Australian owned betting site that specialises in horse racing.

Despite not having any advertised sponsors, Palmerbet draws upon its racing background to give punters a service that they are looking for. Gamblers who have been banned from other bookies can even join the site, similar to what happens in a racetrack environment.

All About the Palmerbet Business
Company Support Security Player Protection
Name:Palmerbet Live Chat:N/A Encryption:2048-bit encryption Deposit Limits:Adjustable
Head Office:PO BOX 1036, Cronulla NSW 2230 Phone:1300 12 4357 Licence Number:NSW Office of Liquor, Gaming and Racing in respect to Sports Betting Betting Limits:Adjustable
Owner:Palmer Bookmaking Pty Ltd Email:contact@palmerbet.com Testing Agency:eCOGRA Self Exclusion:Available
Employees:59 Fax:9995 0480 Audit Organisation:eCOGRA Child Protection:Available
Registered Players:Unknown Other:Palmerbet Help Centre Anti Money Laundering Controls:Australian Bookmakers Association Code Of Practice Partner Organisations:Betiquette

Palmerbet is proud of the fact that they are one of the few Australian owned and operated betting companies. Therefore, it is suitable that they operate from offices at Canterbury racecourse in Sydney’s Inner West. There are two main ways to contact Palmerbet, by email or over the phone.

Palmerbet: Customer Support7

Palmerbet does not offer a Live Chat service but its customer service is pretty commendable. Their email response time is impressive for a small company, and their simple website means many issues can be easily resolved by yourself. You can find all their contact details within seconds on the website.

Our Palmerbet review found that the website is only available in English. This may cause difficulty for those who speak a different languge or who are not fluent in English. Many common questions can be found on the FAQ section, but if you’re still having trouble, a customer service agent will answer your questions for you.

It is vital that bookmaker have excellent customer service to keep their customers happy. They are handling your money after all! Palmerbet is no different, and their helpful team is on hand to answer your questions in a timely and friendly manner. The Sydney-based betting company treats their customers well to build trust and keep them coming back.

Palmerbet Licensing & Security10

Betting websites require its users to hand over sensitive data and personal information as well as hard-earned cash. It is therefore imperative to be sure that security systems are in place to keep your data safe. It works both ways as Palmerbet sports betting site makes sure that your details are verified before you can withdraw your winnings.

Palmerbet holds all users’ personal information in an electronic database which is owned and operated by them. They take ‘reasonable steps’ to assure that all your personal information is kept safe and sound. They promise that all data collected is stored in a secure environmentand is only accessed by authorised personnel.

Australia is known for having strict security regulations. Palmerbet is fully licensed by Racing NSW and OLGR as well as being financially guaranteed by the NSW Bookmakers Co-operative. This means it is a very secure bookmaker site and a very safe place to gamble away.

Palmerbet: Bonus Points6

Palmerbet Australia is, in general terms, a new bookmaker. The website is yet to really kick on with its marketing and offer anything really unique to other bookies. Because of its infancy and size, the bookmaker focuses on its services, making them very easy, efficient and user-friendly.

Palmerbet offers good sports betting offers like many other sites and also a diverse array of markets. Punters are even able to place political bets and bets on celebrity programs. The site also features a blog section with tips and previews to help you choose your selections as well as racing promotions on Saturdays.

  • Live Streams.0/3
  • Sponsorship.0/3
  • Awards.0/2
  • Extra Markets.1/1
  • Bonuses.1/1
  • Bonus Points.6

We’re going to give the Palmerbet betting site two bonus points here because of its promotions and quirky markets. It is something you may not expect to find from a fairly new betting site. We take our hats off to them for the fact you can even bet on Holey Moley Australia!

Palmerbet: Conclusion

Let’s begin to wrap this up and summarise the Palmerbet review! The Palmer family have used all their racing experience to deliver a betting site that isno nonsense, easy to use, and offers fairly competitive odds. If you want to bet in a safe and easy manner, then this is perfect for you.

But, if you’re looking for a fancy product, with flashy images, live streams and high-tech features, then Palmerbet isn’t the answer. The site’s vast selection of racing markets and the easy-to-navigate platform offers a simple and secure way of betting, what more could you possibly want from an online bookmaker?

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Strengths and Weaknesses of Palmerbet
  • Major Strengths
  • Simple Website Makes Betting Easy
  • Very Secure Platform
  • Major Weaknesses
  • No Live Streaming
  • Withdrawals Only via Bank Transfer
  • Minor Strengths
  • Australian Owned and Operated
  • Helpful Blog With Tips and Previews
  • Minor Weaknesses
  • Have to Call Up To Place In-Play Bets
  • No Live Chat
Players must be 18+ to join. Full Terms and Conditions apply.

We know Palmerbet’s odds are competitive, but it’ll be interesting to see how the bookmaker evolves in the future as the site’s basic interface could easily be enhanced. However, that is one of its drawcards. The introduction of a Live Chat service and the addition of quicker withdrawals would improve the platform’s accessibility. But when compared with other top Australian betting sites Palmerbet more than holds its own!

FAQ

Thanks for reading our Palmerbet review, we hope it has answered all your questions about the Aussie betting site. If you do have any further questions, we hope to answer them in the following FAQ section But if your questions are still unanswered, get in touch at info@bestbettingsites.com and we will do our best to answer all of your queries!

💸What are the best Palmerbet promotions?

Like all bookmakers, Palmerbet offers its users great promotional offers to keep them coming back. The best promotions Palmerbet offers are usually on Saturdays in the form of racing promos! But once you sign up, you'll be kept in the loop via email with the latest promos and offers.

🏉What sports can I bet on with Palmerbet?

Luckily Palmerbet have markets for all the most popular sports, especially sports popular in Australia. Check out Palmerbet's Sports Markets and Betting Types, where you can even bet on politics and entertainment – you'll never run out of markets to gamble on!

🔐Is Palmerbet secure?

Palmerbet is fully licensed by Racing NSW and the Office of Liquor and Gaming Regulation, making it very secure and a safe platform to place bets. They are even licensed by the NSW Office of Liquor, Gaming and Racing in respect to Sports Betting.

💰How do I make withdrawals with Palmerbet?

To make withdrawals on Palmerbet, you must first verify your details before making a direct bank transfer which can take up to two days. That is the only way to withdraw funds from your account. Before you can withdraw, you must verify your account.