MidasBet Review Australia 2023

MidasBet review logo
MidasBet
3.5
100% Australian owned betting site
Opening Specials
  • Betting Variety
    3.5
  • Banking Options
    3.5
  • Mobile experience
    3.5
  • Betting Experience
    3.5
  • Customer Support
    3.4
Total score
3.5

Midasbet Top Features

  • Loyalty Rewards Program
  • Competitive Odds
  • Simple Betting Interface
  • Customer Support via Live Chat
Strengths
Weaknesses
Loyalty Rewards
Easy Signup
Live Chat
No Live Betting
No Live Streaming
No Mobile App

MidasBet Review

MidasBet was recently established in the Australian market and this MidasBet review will aim to provide a full overview of what they offer. The review will discuss important topics that you need to know about before signing up. This review will give an honest opinion about their strengths & weaknesses, customer support, banking, mobile betting, markets, odds and more.

Continue reading to find out more about this Aussie bookie ⬇️ 

MidasBet Strengths and Weaknesses

This section will aim to provide an unbiased opinion of what makes MidasBet special and unique. Meanwhile, we also need to highlight their flaws and how they can improve in the future.

✔️ MidasBet Strengths

  • Loyalty Rewards - At MidasBet, they have a loyalty rewards program for their customers to accrue points based on their bets. This feature is impressive as it gives the punter a lot of incentive and improves the overall betting experience.
  • Easy Signup - The sign up process at this betting site is very quick and easy. This is a positive as you won’t waste any time on boring admin and you can start betting right away.
  • Live Chat - There’s a 24/7 live chat support feature that’s very handy. This will allow you to find an answer to your question or problem efficiently.

❌  MidasBet Weaknesses

  • No Live Betting - MidasBet has no live betting options at this stage. Live betting is great because you can take advantage of fluctuating odds and win more money from your bets.
  • No Live Streaming - Along the same lines as live betting, there’s no opportunities to watch live streaming sports / racing. This means you’ll need to source a different website for a live stream and this can take time.
  • No Mobile App - At the moment, there’s no mobile app available for this bookie. As a result, betting on a mobile device is going to be a lot tougher. In saying that, they do have a mobile betting website that acts as a replacement for an app.

As a new bookmaker in the industry, there’s a lot of room for improvement if they’re looking to compete with their competitors. However, they have built a simple betting interface and this is a good foundation for future improvements.

MidasBet Profile

Website: www.midasbet.com.au  Year founded: 2022
Company: MIDASBET PTY LTD

Contact Information/Support:
Live chat via their website.

Support Email: [email protected]    

License & regulation: Licensed in the State of New South Wales by GWIC and regulated by Liquor and Gaming NSW.Sponsorship Deals: N/A
Address/Headquarters:
Greyhound Social Club: 140 Rockwood Road, Yagoona NSW 2199 Australia
Payment Methods: Credit / Debit Card, EFT, POLi, Bank Transfer
Deposit Methods: Credit / Debit Card, EFT, POLi, Bank Deposit Withdrawal Methods: Bank Withdrawal
Features: Sports betting, Competitive racing odds, Quick website, Live chatOdds Providers: N/A
Apps Devices: N/ACasino Providers: N/A
Casino game types: N/AGame Types: Sports Betting
Owner: Da He

MidasBet Australia Review

MidasBet is one of the newest players in the Australian market and this needs to be taken into consideration. As a new betting site, they won’t be able to compete with the big players in the Australian industry in terms of advanced betting features. So they have focused on nailing the basics and offering a simple but quick betting experience.

In terms of sports and racing coverage, there’s plenty to bet on across Australia and Internationally. While they don’t have a huge amount of markets, the odds are quite good, and getting a bet on is a painless process. However, they should be looking to add features such as same game multi, cash out and some type of live betting / streaming option to enhance the experience.

Looking at the banking options, it continues the theme of MidasBet not being the best but they’re definitely not the worst. They have a good range of deposit options and aim to process withdrawals within a few business days.

In regards to mobile betting, this is where some users could be disappointed. They haven’t been able to create a mobile app just yet so punters will miss out in this area. But there’s a mobile website available that will suffice.

Contacting customer support shouldn’t be an issue at this betting site as they offer a 24/7 live chat service. This will help you solve any account issues or general questions you may have. Otherwise, they have a friendly email support team.

MidasBet Score

Betting Variety: ⭐⭐⭐
This bookie has a good range of betting markets to choose from. But they need to offer more advanced betting markets and features to compete with their competition.

Banking Options: ⭐⭐⭐⭐
They have a suitable range of banking options available for depositing and withdrawing funds.

Mobile Experience: ⭐⭐⭐
There’s no mobile app and that’s disappointing. But it’s possible to access their mobile website on a mobile device.

Payout Speed: ⭐⭐⭐⭐
They endeavor to process withdrawals on the same business day. It would be nice to see them offer more than one withdrawal method but this is fairly standard.

Security: ⭐⭐⭐⭐⭐
Security is no question while using this bookmaker as they have a SSL certificate installed on their website and offer responsible gambling features.

Betting Experience: ⭐⭐⭐
This betting site lacks advanced betting features but has the basics covered.

Customer Support: ⭐⭐⭐⭐
Live chat being available 24/7 is a positive. They don’t offer a support phone number or FAQs, which could be a problem for some users.

Bonuses with MidasBet Australia

In Australia, there are strict laws in-place regarding promo codes and boosts for local betting sites. Due to government restrictions, a licensed bookmaker such as this one can only show MidasBet promotions to logged in users. They also can’t promote deposit offers to entice new customers and you won’t find a MidasBet promo code online. 

Important Features with MidasBet Australia

List of Features:

  • 24/7 Live Chat
  • Easy to use Website
  • Great Odds
  • Loyalty Rewards
  • Mobile Website
  • Sports Coverage
  • Betting Markets
  • Player Props
  • Racing Exoctics
  • Sports Bonuses and Promotions
  • Multiple Payment Methods
  • Quick Withdrawal Time
  • Customer Support  

MidasBet Best Sports Features

Let’s discuss some of the best sports features that can be found at this betting site.

MidasBet Odds

This MidasBet review found that they offered competitive odds for racing and sports. So punters can use this to their advantage by finding better odds to win more from their bets.

MidasBet Loyalty Rewards

At MidasBet Australia, they have built a loyalty rewards program. This basically gives the user the opportunity to earn and spend points via their my account.

MidasBet Promotions

Registered users at MidasBet Australia will receive promotions and offers that will enhance the betting experience.

MidasBet Sports Coverage

This section will look at how good the sports coverage is at MidasBet Australia as well as which sports they provide markets for.

MidasBet AFL

AFL is arguably Australia’s most popular sport and as such, finding a site with great betting odds is important. At this bookie, you’ll be presented with betting markets for all games and finals. There’s also future markets for AFL, such as Grand Final winner or Brownlow Medal winner.

MidasBet NRL

During the NRL season, you’ll find betting markets for every game of the season and finals. There’s also the opportunity to bet on who’s going to win the Grand Final before the season even begins.

MidasBet Cricket

Cricket is a favourite pastime in Australia and as a result, betting is very popular. This bookmaker makes it easy to bet on the latest Cricket events around the globe and in Australia. They have markets for all the popular T20 leagues as well as International tournaments, such as the World Cup.

MidasBet NBA

The NBA is hugely popular for Australian sports fans, especially when it comes to betting. This bookie does have NBA odds for every game of the season that includes head to head, line and over/under. However, they’re missing same game multi and there’s no player props.

MidasBet NFL

The NFL is another American sport that Aussies love to watch and betting is a popular event. MidasBet Australia has you covered during the NFL season with great odds for every game, plus playoffs. There’s also future markets available for Super Bowl winner, for example.

MidasBet Soccer

There’s plenty of Soccer betting action at this betting site as they have all the major leagues covered. There’s EPL, La Liga, A-League and more. They also cover popular global tournaments, such as the World Cup.

MidasBet Tennis

Grand Slam Tennis is usually the best time to bet and this betting site has you sorted for the big tournaments. 

MidasBet sponsorship deals

At the moment, this bookmaker doesn’t have any sponsorship deals

MidasBet Betting Markets & Types of Bets Available

After looking at the sports betting coverage, it’s also important to MidasBet review the betting markets / types on offer. The markets and bet types that MidasBet bookmaker offers continues the theme of this being a simple betting site. They do have the basics covered and that will be fine for beginners. However, they lack the advanced betting markets that can be found at other competitors. One of the key omissions is same game multi for sports. They’re also missing a lot of opportunities to offer player props for American sports, such as NBA.

MidasBet Betting Markets:

  • First goal / try scorer
  • First half markets
  • Head-to-head
  • Line / Handicap / Spread
  • Player props
  • Racing exotics
  • Over/under total markets
  • Win/place racing markets

MidasBet Types of Bets Available

  • Single bet
  • Multi bets
  • System bets (doubles, trebles etc.)

 📲  MidasBet Mobile Apps

Mobile betting is one of the great innovations over the last few years as mobile devices become more powerful. This translates to the sports betting industry as betting on the go becomes the norm.

Unfortunately, MidasBet hasn’t come to the party in terms of mobile betting as they currently don’t offer a MidasBet app. In comparison with the competition, it’s rare to see a betting site not offer a betting app so this will likely be disappointing for new users.

But in good news, there is a mobile website that can be used on a mobile device. You just need to open the website using a browser app, such as Safari / Chrome. The mobile website is a streamlined version of the desktop website and contains all the features available at MidasBet bookmaker.

MidasBet How To

🔎How can I sign up?

Creating an account at MidasBet is a simple two-step process that shouldn’t take more than a few minutes. The system will also automatically log you in so you can start adding funds and betting right away. Here are the steps for sign up:

  • Visit the MidasBet bookmaker website via an Internet browser
  •  Click on the “Join” button in the top right corner
  • In Step 1, enter your personal details, date of birth, home address and contact details
  • In Step 2, enter a username, password and choose a deposit limit (optional)
  • After successfully signing up, you’ll be automatically logged in and can start depositing funds

🔎How can I deposit funds into my account?

  • Login to your MidasBet bookmaker account
  • Click on “Deposit & Withdrawal” in the top right corner
  • Choose one of the payment options available
  • Enter your payment details and an amount
  • Click on “Deposit Funds” to complete the process

🔎How can I place a bet?

  • Firstly, make sure you’re logged into a MidasBet account
  • Then find a betting market from the main menu or homepage

  • Click the odds for your desired bet and this will add to the bet-slip

  • Enter an amount and click confirm to save the bet 

💳 Midasbet Banking Options

Credit / Debit Card✔️
PayPal
POLi✔️
Bank Transfer✔️
Bookmaker Card
PayID
Google Pay
Apple Pay

This MidasBet review will continue with a look at the banking options that they have to offer. Once you’ve successfully created a new account, it’s time to think about how you’ll be adding money when you MidasBet login. Let’s discuss how the payment options work at this betting site and what options they provide for deposits / withdrawals.

Making a deposit at MidasBet

  • Login to your account
  • Click on Desposit & Withdrawal in the top right corner
  • In the Banking tab, you’ll be presented with four payment options. 
  • Choose an option and follow the instructions.

In terms of deposit options, MidasBet Australia currently offers their users four different types. Firstly, there’s the popular credit / debit option. You can’t go wrong with this payment method and it’s definitely my favourite. It instantly funds your account and the process is quick & easy. Meanwhile, there’s the ability to pay via POLi. This is a similar payment option to PayPal and offers an extremely secure way of adding money. Otherwise, they do offer a bank transfer option. This can take longer to process but there is an EFT notification feature that you can use to notify their accounts team of your transaction.

Requesting a withdrawal at MidasBet

Before a withdrawal can be made, your account must be verified. This can be actioned by sending through verification documents to the support team. Once your account is approved, a withdrawal can be processed. Here’s how it works.

  • Login to your account
  • Click on Deposit & Withdrawal in the top right corner
  • In the Banking tab, click on EFT withdrawal
  • Enter your banking details, the amount and your account password
  • Click withdraw funds to complete the process and the MidasBet withdrawal time usually takes a couple of business days

MidasBet Customer Support

Customer support is an important aspect when searching for a new betting site, especially when the exchange of money is involved. The key factors to look for mainly include how many options are available and response time. 

At this betting site, their customer support is highlighted by its live chat feature. It’s available 24/7 and can be accessed by both logged-in or guest users. It’s definitely the best way to get a quick answer to your question or problem.

Otherwise, they do offer an email support option and you’ll be able to talk directly with a support team member. However, they don’t offer an option to talk with an operator over the phone. This could be a problem for users that prefer this type of MidasBet contact method. It also means that they don’t offer live betting.

Frequently asked questions about MidasBet

Looking to find out more about MidasBet? Here are some of the most common frequently asked questions relating to this betting site.

Who owns MidasBet?

The MidasBet owner is MidasBet Pty Ltd. The bookmaker is fully licensed in the state of New South Wales by the Greyhound Welfare & Integrity Commission and regulated by Liquor & Gaming NSW.

Should I bet with MidasBet?

At the moment, this betting site can be considered one of the more simpler options on the market. They have all the basics covered when it comes to betting on sports / racing in Australia. However, they’re severely lacking fairly common betting features that can be found at other betting sites in Australia. Some examples include no live betting or live streaming, they don’t have a mobile app and cash out is missing. So they would be more recommended as a secondary betting site.

How can I bet with MidasBet?

Firsty, you will need to create an account via the website. Then, you’ll be able to deposit funds using one of their many payment options. Once your account is successfully funded, betting can begin. Simply browse through their betting markets and add bets to your bet-slip, then enter a betting stake to complete the process.

Does MidasBet have an app?

At this stage, MidasBet does not offer a mobile app for download on iOS or Android devices. However, they do have a mobile betting website available that can be accessed via a browser app, such as Safari.