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Excellent offers and promotions. Impressive welcome bonus. MAXCASH promo code.

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Palmerbet Review

Our independent review of bookmaker Palmerbet takes a look at company's online product and compares how the Sydney-based bookie stacks up against the competition.

Being 100 percent Australian-owned and operated, Palmerbet has been firmly entrenched in the Sydney bookmaking ring for more than 30 years, and in 2013, they made the move into the online marketplace.

Although their main focus has always been on horse racing, their online sportsbook is one of the best in the industry, with prices that others struggle to match.

100 per cent Australian-owned

Started by Ted Palmer, the company remains in the care of the family which operates in Sydney and interstate betting rings.

A firmly established and trusted bookmaker, Palmerbet is licensed by Racing NSW and is a member of the NSW bookmakers’ cooperative. They are one of the few 100 percent Australian-owned bookmakers to offer a competitive online bookmaking service.

Palmerbet are noted for offering best odds across numerous sporting markets including NBA, AFL and NRL.  They strive to live up to the self-billing of being Australia’s “newest and most exciting online bookmaker” with the intention of “revolutionising the Australian wagering market”.

They also offer a $500 sign-up bonus with our exclusive promo code MAXCASH.

Palmerbet offer a range of other weekly promotions on Racing and sport, as well as offering a ‘Refer A Friend’ Bonus, “Owner’s Incentive” Bonus and much more.

Money back for 2nd and 3rd every Saturday

Thoroughbred racing punters are offered some extra insurance on a selected race every single Saturday. Place a Fixed Win or Best Tote bet on the selected race, and if your selection comes 2nd or 3rd, Palmerbet will refund your stake up to $50 as a Bonus Bet. One clause in the terms and conditions is, there must be eight or more runners in the selected race.

Refer a Friend Bonus

$2 lines
Palmerbet offer $2 lines promotions for NBA, AFL, NRL and Super 15 Rugby seasons. 
New Customer Offer

When you sign up to Palmerbet, you will receive a 100 percent bonus up to $500. If you deposit $500 when opening an account, Palmerbet will give you $500 in bonus bets to use on any market except for Exotics (first fours, quinellas, quaddies, trifectas, exactas and doubles).

Use the promotion code MAXCASH to be eligible for the promotional offer, which is not available to residents of NSW, Vic, SA and WA.
Wagering Requirement

The Palmerbet sign-up bonus is only available to Australian & New Zealand residents, however due to legislative requirements, residents of Victorian, South Australian, Western Australia and NSW are not eligible to receive the sign-up bonus.

Deposit Bonus Bet Specific Conditions
(a) Each new customer qualifies to win a maximum of one (1) Bonus Bet only.
(b) The Bonus Bet can be wagered on Fixed Odds markets with a dividend greater than $1.40 per $1 bet.
(c) If your Bonus Bet returns a winning dividend, your winnings (excluding the Bonus Bet stake) will be credited to your Palmerbet account.
(d) Prior to withdrawing any funds the Initial Deposit and any Bonus Bet winnings must be turned over at least twice (x2) on bets with a dividend greater than $1.80 per $1 bet (the Minimum Turnover Threshold) within 90 days of the Winner receiving the Bonus Bet prior to the Promoter allowing a Winner to make any withdrawals from their Palmerbet account.
(e) Bets placed on different outcomes in the same event do not count towards the Minimum Turnover Threshold contemplated in clause 3(d) above.
(f) If the Minimum Turnover Threshold has not been met within ninety (90) days of the client receiving their Bonus Bet, the Bonus Bet (if it has not already been used), or any winnings that have already been accrued using the Bonus Bet (if the Bonus Bet has been used) will be withdrawn from the Winner’s Palmerbet account.
(g) The Bonus Bet must be taken as offered and cannot be varied or redeemed for cash. The Bonus Bet value is GST inclusive and is in Australian dollars.
Odds and Markets

Palmerbet offers markets on all leading domestic sports including horse racing, harness racing, greyhound racing, AFL, NRL, Super Rugby as well as international markets on soccer, tennis, cricket and much more.

The big selling point behind the Palmerbet operation is their “commitment to offering better odds and bigger limits”. You will find a significant number of markets across all sports offered and should be able to get on the bet you want without encountering any problems.


The Palmerbet website was clearly well thought out ahead of the launch in August 2013 and it offers a user-friendly experience with markets well-advertised and the displays clear and easy to use.
The left-hand menu offers links to various sporting markets and is separated into Racing and Sports which makes finding your market a very quick process.

The latest promotions are advertised down the right hand side of the homepage while the biggest markets of the day along with ‘Next To Play’ and ‘Next to Race’ are centred on the page for easy and speedy access.

Palmerbet App

One area Palmerbet are lacking in ‘at the moment’ is the fact they are yet to release a mobile app. The app is currently in development and for the time being, Palmerbet have created a mobile version of their website that works well on any device. The market menu at the top of the screen can be swiped left and right to find the race type or sport you are looking for, while upcoming racing and sports are the main focus of the home screen. The menu icon gives quick access to all other features and the bet slip is clearly displayed in the top right hand corner.
Customer Service

The Palmerbet Customer Service team can be reached by email 24/7 or by telephone from 8:00am-6:00pm every day. There is also the option to chat live to a member of the Palmerbet team via the live chat feature on the website.

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