WellBet Review [July 2024]

WellBet Australia is another bookie that has just started up shop and they are already making a bit of a splash. Launching in 2023, they are one of the small betting sites but are growing fairly quickly. In this review, I will take you through everything you need to know about WellBet. So, strap yourselves in!

There are a few key facts about WellBet that you should know before I dig deeper into the bookie. Check out the table below for some quick facts:

WellBet has a solid platform and offering for punters. There’s nothing that really stands out that makes them notably different from the others but that’s not necessarily a bad thing, as the standard in the Australian bookmaker industry is very high!

The most distinctive aspect is their website and app design. They have a beach/ summer theme going, which is certainly one of the more unique designs I’ve seen for a bookie. Not only are their website and app super distinctive but they are also both easy to use. 

WellBet certainly has one of the best betting apps in terms of user-friendliness. I’ve found that over recent years, some of the bigger betting sites’ websites and/ or apps are becoming too convoluted and therefore more difficult to use. This isn’t the case for WellBet though!

All it takes is a quick look at WellBet’s website and app to see that they are focusing more on racing. Racing takes up all the prime real estate above the fold on their website and app. So, if you’re more into your racing, you’ll feel right at home with WellBet. 

With anything in life, there are going to be positives and negatives. This is the case with bookies as well and even the biggest, most profitable online betting sites aren’t perfect. What you have to do is decide if there’s enough good stuff for you to get on board.

I’ve gone through WellBet from the inside out and after looking at all the key aspects of this bookie, there are certainly some areas that stand out and others where there is a bit of room for improvement. Check out all the pros and cons that I’ve found below.

👍WellBet Strengths

The key pros of WellBet that you should be aware of include:

• Competitive odds especially for racing markets
• Same Race Multis and blended odds
• Live chat for customer support
• Unique graphics for the website and app
• Great racing product and features

👎WellBet Weaknesses 

The key cons of WellBet that you should know include:

• No live streaming or betting 
• Limited banking options
• Not as many options for sports betting

👨‍⚖️WellBet Betting Verdict

Despite being in its infancy, WellBet seems to have the basics, making the betting site a good place to be. If you’re the kind of punter who sticks with the main markets and main sports or racing events, WellBet is a solid option. There is certainly nothing wrong with WellBet and their graphics are particularly unique.

Their Same Race Multi offering is great, especially for a new bookie. They also offer blended odds on racing events and quick insights to runners in racing events (for example; which horse is the best-rated or a good roughie). They have live chat available so punters can easily speak with customers. 

I’ve found that WellBet has a solid range of features available for their customers to take advantage of. A lot of the features I found are geared towards racing, as this seems to be where they excel currently. Keep reading to find out about some of WellBet’s most important features.

Same Race Multi

While WellBet’s fixed odds may not be that crash hot, they make up for it with their Same Race Multi product. If you’re the kind of punter who likes to place Same Race Multi’s, then all you need to do is head to the specific race you want to bet on and click the “Same Racing Multi” tab to make your selections. 

Blended Odds

Along with Same Race Multi’s, WellBet also offers blended odds to their customers. Blended odds is a unique market that allows you to hedge your bets by choosing multiple runners in the race. With blended odds, you are combining the odds of multiple runners into one price. This and the Same Racing Multi features make WellBet one of the fastest-growing horse racing betting sites.

Live Chat Odds

I really feel as though live chat is a must for all bookies these days but, surprisingly, not all bookies offer this. WellBet does though, so you can breathe a sigh of relief! It’s easy to get in touch with the customer support team if you ever run into any trouble when using their website or app.

Protest Payout

Occasionally, in racing, we see protests, which is where the connections of one runner dispute the result as they believe there was interference with their runner. Things can get a bit crazy when this happens, but with WellBet, they offer protest payouts! This means if the horse you bet on wins but then gets regulated down due to a successful protest, you’ll still get paid as a winner.

WellBet’s odds are lacking a little bit when you compare them with some of the bigger bookies going around. We normally see this with newer bookies, as their margins for profit are a lot slimmer when they are trying to get some traction in the market. When comparing some of their fixed racing odds with competitors, it’s pretty clear WellBet doesn’t have the top odds.

While their odds may not be at the same level, their Same Race Multi product allows for more value to be found. As well as this, you’ll find different odds for the same runners in racing, so it can pay to shop around and double-check WellBet’s odds because you just never know!

As WellBet is still getting its footing in the market, I’ve noticed they don’t have as many markets available for each racing or sports event. Looking at their racing markets in particular, they do offer a solid range of markets across both domestic and international races.

All the usual betting markets you would expect a bookie to have, you can find with WellBet. They cover all three betting codes and the range of sports they cover is growing. Honestly, for a bookie that only launched in 2023, I’d say their range of markets is pretty decent. 

In particular, they have a growing range of markets for the NRL, so I think it won’t be too long until they are one of the ideal NRL betting sites. I expect more sports to be added to their offering soon but when I checked their website to see what they offer, these were the sports I found:

• American Football
• Australian Rules
• Baseball
• Basketball
• Cricket
• Darts
• Rugby League
• Rugby Union
• Soccer 
• Sports Futures
• Tennis

I usually find that the newer bookies have pretty decent apps, as they understand that many punters prefer to bet using an app when they are on the go. WellBet has an app for both iOS and Android users. I’ve taken a look at their rating in the respective stores:

• Apple App Store rating - 4/5
• Google Play Store rating - 4.7/5

The graphics and beach/ summer theme are a constant throughout the app. I found it pretty easy to find what I was looking for in terms of racing events and it only took a click or two until I had the bet in my betslip. If you’re looking for sports events, they are certainly on the app, they just are not in as prominent of a position.

The WellBet app is certainly good enough for you to check out if you’re in the market for a new betting app. I like their navigation, especially for their racing product and they offer little nuggets of insight on each race. 

WellBet’s app is in a great position, especially if the team continues to put effort into developing it further. The app may be run of the mill now but I think they’ve got a good foundation and have something great to build up from.

No matter what bookie people are looking at, everyone wants to know about betting bonuses! WellBet, like all other betting sites that operate in Australia, can no longer offer sign-up inducements. However, it is safe to say that WellBet takes care of its existing customers. 

The range of promotions is not as extensive as some of the bigger bookies, but they still have a decent offering. If you want to see everything that you can take advantage of, you’ll need to go to the promotions page after you’ve logged in to your account.

I found they have some pretty good promotions related to racing. No matter where you are in the country, you can take advantage of these promotions. So, if you’re a Victorian, WellBet is one of the best Victorian betting sites, or if you’re from New South Wales, they are also one of the best NSW betting sites!

Some of the promotions that users can see without needing to log in include:

• Protest Payout
• Best Tote

Betting payment methods are vital because you want to ensure there’s a method that is suitable for you so you can deposit and withdraw funds. As I knew WellBet was a newer bookie on the scene, before I even started my review, I assumed there wasn’t going to be a massive range of payment methods. I was correct!

WellBet only has a couple of deposit and withdrawal options. I also noticed the withdrawal time was a bit slower compared to other bookies who are now offering almost instant withdrawals, or withdrawals in a couple of hours. For withdrawals specifically, the only method available for punters is bank transfer.

There’s one more option when it comes to depositing, which can be found below:

• Debit card
• Bank transfer

It doesn’t take a genius to realise that WellBet doesn’t have a lot of variety in its payment options. However, I think this is just a starting point for them and they could be adding new options in the future. I would love to see them become one of the many PayPal betting sites going around.

WellBet’s customer support is ready to lend a helping hand when you need it. It is a little disappointing that they don’t have a phone number users can call, but the good news is that they do offer live chat along with an email you can write. 

It’s important to remember that WellBet is just getting started, so I wouldn’t be surprised if they offered a phone number for customer support soon. I think the addition of live chat is great for the WellBet team. 

If you have any issues, you can get in contact with the customer support team between the hours of 10am and 10pm (AEST). If you need to contact them outside of those hours, it’s probably best to send them an email at [email protected].

If you still have a few questions about WellBet Australia, then you have come to the right place. I’ve gone through and found some of the most common questions people have asked about WellBet and answered them. Check out all the WellBet FAQs below:

WellBet has come a long way in a short while, so I’m expecting bigger and better things as it continues to evolve in the market. WellBet has an appealing offering for racing enthusiasts especially. Their Same Race Multis, blended odds and protest payout features, in particular, are great.

They also offer live chat for their punters, which not all bookies have. They could do with adding more sports markets and the ability to live stream racing would be excellent. Adding more payment options would also ensure they appeal to a wider market. These things could very well already be in the pipeline, so I’ll be keeping an eye on things!