Luxbet Review - $500 Deposit Bonus

Luxbet is one of Australia's most popular online bookmakers based in the Northern Territory and licensed by the Northern Territory Racing Commission. Luxbet delivers betting markets for horse racing, greyhounds and harness, sports betting markets for popular leagues such as the AFL, NRL, Super Rugby, English Premier League, Champions League, NFL, NBA, MLB as well as both ATP and WTA tennis with betting offered via internet, mobile apps and telephone.

Luxbet Promo Code

Sign up with Luxbet to take advantage of the Luxbet bonus and receive a bonus on top of your initial deposit of 100% up to $500. *

Claim your Luxbet bonus now

*offer not available for residents of Victoria, NSW, SA and WA.

Claiming your Luxbet bonus is simple. First register with Luxbet, using the Luxbet promo code when prompted, make your first deposit and you'll receive a 100% bonus up to a maximum of $500 on top of your initial deposit.

Claim your Luxbet bonus now

Sign up now and claim your $500 Luxbet bonus*

*offer not available for residents of Victoria, NSW, SA and WA.


Luxbet Review

In our detailed Luxbet review and bookmaker user guide you will discover everything that you need to know about this key player in the Australian bookmaker and betting industry, from how to sign up with Luxbet, how to take advantage of Luxbet's deposit bonus offer, to placing your first bet, the markets you can bet on at Luxbet, how to make the most of Luxbet's extensive range of user features plus plenty more.

Luxbet join

Our Luxbet review and bookmaker guide has been written with you, the punter in mind. We've researched every aspect of Luxbet so as to help you decide if this bookmaker meets your betting needs.

What you will find in our Luxbet review:


Introducing Luxbet

Luxbet began business in 2008, with Tabcorp Holdings Limited launching the venture to complement betting products already being offered by the Tabcorp Group. In particular, Luxbet was developed to offer betting markets that Tabcorp had not been able to offer such as betting on non-sport events like elections and entertainment betting. After five years of business, Luxbet revenue eclipsed $39 million in 2013, an increase of over 40% on 2012. With continued growth, Luxbet launched Luxbet Europe in 2015, offering betting products to the european market..

Luxbet review

Luxbet provides a great range of sports to bet on both pre-match and in-play, from the most popular sporting leagues, tournaments and competitions in Australia such as the AFL, NRL, A-League, Super Rugby as well as horse, harness and greyhound racing, to the most popular leagues and competitions across the world such as the English Premier League, Champions League, NFL, NBA, MLB, NHL, cricket and of course tennis. Luxbet also offers a great menu of more obscure sports leagues and tournaments to bet on. So if there's a sporting event that you would like to have a bet on, there's an excellent chance that Luxbet has a betting market to offer you.


Luxbet Facts & Figures

Company: Tabcorp Holdings Ltd
Head Office: Northern Territory, Australia
Founded: 2008
Employees: 
Sports Betting License: Australia’s Northern Territory Government.
Customers: 
Luxbet Promo Code:


Signing Up With Luxbet

Before you can place bets with any online bookmaker you must first create an account with that bookmaker. This is usually an easy process through which you will be asked to provide some very basic personal information.

So how to sign up with Luxbet? Well, It's simple.  Our step by step Luxbet sign up guide will take you through the process.

Step 1

When you visit Luxbet you will see a bright yellow Join Right Now button displayed in the top left of your screen. Simply click this link and the Luxbet registration page will open for you.

Luxbet join

Step 2

The Luxbet new user account registration page will ask you to provide certain pieces of personal information including your name, date of birth, address, phone and email address. You will also be asked to choose a username, password as well as your preferred currency. Most importantly you will be asked to enter your Luxbet promo code in order to claim your 100% deposit bonus up to $500.

Claim your Luxbet bonus now

Step 3

Once you have provided all the required information, click the Open Account Now button at the bottom of the Luxbet registration page. You will then have the chance to deposit funds into your Luxbet account. (We will discuess the range deposit methods available to customers later in our Luxbet review).

Once you deposited funds into your Luxbet account, you will then be able to start placing bets. Remember, Luxbet match your first deposit with a 100% bonus up to the value of $500.


How To Claim Your Luxbet Bonus

To claim your Luxbet Bonus, you must first sign up and create an account with Luxbet and when prompted deposit funds into your new Luxbet account. Once you have deposited funds into your Luxbet account, your deposit will be match by Luxbet 100% up to a value of $500 within one business day.

This does not mean that your first Luxbet deposit needs to be $500, but that the limit of your deposit bonus is $500. So for example, if your first deposit is $500, you will receive the maximum $500 bonus on top of your $500 deposit for a total of $1,000. On the other hand, if your first deposit is just $100, your bonus will be $100, for a total of $200.

Accessing Your Luxbet Bonus Winnings

If bets placed using your Luxbet bonus are winners, then those winnings will be credited to your Luxbet account excluding the bonus used to place those bets..

Turnover Requirements

Your Luxbet bonus, any bonus account deposit plus any winnings accrued from your Luxbet bonus must be turned over via any eligible market at odds of at least 1.50 within 30 days of receiving your bonus, before your bonus account deposit, bonus winnings or the bonus itself can be withdrawn from your account. If the minimum turnover is not met within these 30 days, your bonus or any winnings from your bonus, will be voided from your Luxbet bonus bet account.

Geographical Restrictions

Unfortunately if you reside in either Victoria, New South Wales, South Australia or Western Australia, you are not eligible to claim the Luxbet deposit bonus. Of course, this is a disappointment, but add your email address here and we will inform you as soon as these geographical restrictions are lifted.

Sign up with Luxbet and claim your $500 bonus*

*offer not available for residents of Victoria, NSW, SA and WA.


Luxbet Bonus Comparison

How does Luxbet's bonus compare to other popular bookmakers? Here's how the Luxbet bonus stacks up against other leading bookmakers.

 Max OfferOffer Type  
Luxbet bonus $500 Deposit Bonus Luxbet bonus Read our Luxbet review
Ladbrokes bonus bet $250 First Bet Bonus Ladbrokes bonus bet Read our Ladbrokes review
Bookmaker bonus $250 Deposit Bonus Bookmaker bonus Read our Bookmaker review
Betstar bonus $250 Deposit Bonus Betstar bonus Read our Betstar review
Bookmaker bonus $250 Deposit Bonus Bookmaker bonus Read our Palmerbet review
bet365 bonus code $200 Deposit Bonus bet365 bonus code Read our bet365 review
William Hill bonus bet $200 First Bet Bonus William Hill bonus bet Read our William Hill review
Betfair bonus bet $200 First Bet Bonus Betfair bonus bet Read our Betfair review
Sportsbet bonus bet $150 First Bet Bonus Sportsbet bonus bet Read our Sportsbet review
Crownbet bonus $150 Deposit Bonus Crownbet bonus Read our Crownbet review
Unibet bonus code $80 Deposit Bonus Unibet bonus code Read our Unibet review


Luxbet Promotions & Free Bets

An excellent range of regular free bet, price boost and bonus offers are available via the Luxbet promotions page. Our Free Bets page delivers every current free bet offer from each of the major Australian bookmakers including all current Luxbet promotios and free bets. We update them daily to keep you posted on all the latest offers available.

All Luxbet promotions are available to customers in all Australian states except for new NSW and WA customers.


Luxbet App & Mobile Betting

With more and more punters using their mobile device to bet with as well as the always increasing popularity of live in-play betting, a key element to any bookmaker experience is having a dependable mobile platform to place bets on and Luxbet certainly delivers this via the Luxbet mobile site and the Luxbet app.

Download the Luxbet App

The Luxbet app is available for the following platforms:

Mobile and Tablet
iPad
iPhone

Luxbet app


Live Streaming at Luxbet

Luxbet offers all customers free access to Sky Racing sports radio as well as a library of podcasts.

Sky radio

Luxbet Live Streaming Access Requirements

To access Luxbet's live streaming of Sky Racing sports radio, simply click the link via Luxbet's racing guide.


Racing at Luxbet

Luxbet's offers racing punters a superb range of benefits and offers.

Best of the Best

Luxbet's Best of the Best guarantees punters the best price of the three totes plus the official on course Top Fluc. Luxbet's Best of the Best is available for every metro horse race, each Saturday, up to 30 mins before the commencement of each race. There is however a maximum bet of $250 per runner.

Lux Div

Luxbet's Lux Div offers racing punters the best of the three Totes and the official on course Starting Price. Lux Div is available on every Australian horse race, whether it be metro, provincial or country, each day with bets placed right up to the commencement of the race.

Tote +5%

Luxbet's Tote +5%, gives you odds equal to your selected Tote plus a 5% bonus on top of your winnings. Tote +5% is available on all New Zealand races, as well as races from Hong Kong, Singapore and selected races from Japan and the U.S.

 


Luxbet Club Extra

Luxbet's ClubXtra is regarded as the racing industry's most comprehensive rewards club offering both owners and trainers a 12% bonus on top of your winnings when you back a horse they either own or train. To get involved, sign up with Luxbet, add your horses to your ClubXtra stable, place a win bet on any of Luxbet's racing markets and if your horse is a winner, Luxbet will reward you with a 12% bonus on top of your winnings.

Luxbet club extra


Luxbet Odds & Markets

While Luxbet may not offer the best odds in the Australian bookmaker industry when it comes to bookmaker commissions, their odds are still somewhat competitive. AFL punters can get match game lines at odds of 1.90 while if you prefer betting on the NRL, game lines are available likewise at odds of 1.90, with point totals available for both AFL and NRL matches at 1.90. Luxbet customers can bet on other markets such as the major leagues and tournaments of European soccer as well as popular American leagues such as the NFL, NBA, MLB and NHL at similarly competitive rates.


What is Luxbet Cash Out?

Luxbet Cash Out: Coming Soon!

With the event of betting exchanges such as Betfair and Betdaq over a decade ago, punters have come to appreciate the opportunity to trade on their pre-match bets in-running. Traditional bookmakers such as Sportsbet and bet365 have recently given customers the chance to do likewise and settle pre-match positions in-play. Luxbet are soon to launch their own Cash Out feature.

So what will Luxbet's Cash Out offer you?

Luxbet's Cash Out will allow you to claim an early dividend for a pending fixed odds bet before the final result is known and will be available for desktop users, telephone accounts with the Luxbet app to follow soon after. The Cash Out dividend that will be offered is based on both the current odds of your unresolved bet as well as additional market factors. Cash Out dividends will therefore fluctuate as the event progresses and the in-play odds change.

We will let you know as soon as Luxbet officially launches their Cash Out feature.

Sign up with Luxbet and claim your $500 bonus*

*offer not available for residents of Victoria, NSW, SA and WA.


Luxbet Deposit

Funding your Luxbet account is a simple process and there are a number of deposit methods available for you to choose from.

How to deposit funds with Luxbet

Luxbet customers can deposit funds via Credit card, Debit card, Bank Transfer, Poli, Skrill and Bpay.

Luxbet deposit


Luxbet Credit

Luxbet offers eligible customers the ability to place bets without funds in their accounts up to an approved credit limit.

How does Luxbet Credit work?

You can apply for a Luxbet credit account by clicking the Credit Betting link on the Luxbet homepage. You will then be required to provide personal details via the Luxbet credit application form. For full details regarding Luxbet's credit facility, credit limits as well as payment schedules, please refer to Luxbet's credit account terms and conditions.

We strongly recommend that anybody considering signing up for a Luxbet Credit account read their terms and conditions closely before completing their application. Most of all, please be sure to apply for a credit limit of an amount of money that you can afford to lose.


Placing a Bet with Luxbet

With a rather user friendly interface, placing your bets with Luxbet is fairly straightforward. To show just how straightforward it is, we have put together a quick step by step guide to placing a bet with Luxbet.

Step 1

Log into your Luxbet account. If you have not yet created a Luxbet account, simply follow our quick guide to creating an account with Luxbet here.

Step 2

Select the sport or racing event that you want to bet on from the quick link menu at the top of the Luxbet page, or if your sport or event is not listed in the quick link menu, click the yellow More+ tab to see the full list of sports available for you to bet on at Luxbet.

Step 3

Once you've found the sport that you want to place a bet on, select the league or the tournament that you want to bet on from the list of events provided.

Step 4

Once you've found the market, then locate the specific sport or racing event from the options provided.

Step 5

Once you've found your event, you will be offered a full list of markets for that event that you can place a bet on. Choose the result or outcome that you want to bet by clicking on the odds being offered.

Step 6

Your selection will then be added to your Bet Slip and displayed on the top of the right sidebar. To place your bet simply enter how much money you want to bet on into the 'stake' field.

Step 7

Once you've entered your stake, click the green Place All Bets button. If there are enough funds in your account to cover your desired bet stake, your bet will be confirmed. However, if you do not have the funds required to meet your desired stake, you will then be given the chance to deposit funds into your account.


Luxbet Withdraw

Withdrawing funds from your Luxbet account is a fairly simple process. It should be noted though, that before you are able withdraw any funds from your Luxbet account, you must complete the Luxbet customer verification process. You can begin this process by clicking on the red My Account tab at the top of the Luxbet front page, then clicking the Dashboard tab and finally the green Verify button displayed in your account details. Verifying your account is required by law and should only take a few minutes to complete.

Luxbet verify account

How to withdraw from your Luxbet account

Once Luxbet have verified your identity, you will then be able to withdraw funds from your Luxbet account. Here's how:

Step 1

Log into your Luxbet account, click the Withdraw link displayed in your account Dashboard.

Step 2

Luxbet offers a range of withdraw methods, including Bank Transfer, credit card and Skrill.

Step 3

Enter the amount of money that you want to withdraw from your Luxbet account as well as your preferred transaction method.

Step 4

Depending on what transaction method you have chosen, it can take anywhere between a few hours to a few days for your funds to be available to you. Please note that if at any time you have concerns or issues relating to the status of your withdrawal please contact Luxbet customer support for help.

Which withdraw method is best for you? Here's a quick reference guide to each withdraw method available at Sportsbet.


Luxbet Customer Support

An important aspect of any bookmaker experience is the quality and availability of customer support. Luxbet provides customer support and can be contacted via the following methods:

Free Phone: 1300 589 238
Email via the Luxbet Help Centre
Live Chat via the Luxbet Help Centre
Twitter: @luxbet
Postal Address: GPO Box 863, Darwin, Northern Territory, 0801.

You can also access a series of FAQs and customer guides by visiting the Luxbet Help Centre.


Responsible Gambling at Luxbet

Luxbet has resources and features available for customers who want to ensure that their gambling doesn't get the best of them. These options include their detailed Responsible Gambling code of conduct available in English, Chinese, Greek, Italian, Arabic and Vietnamese. Luxbet also offers customers the ability to close or restrict access to their accounts via Self Exclusion. Customers may apply for a peroid of exclusion from the site.

For more information on problem gambling visit our Responsible Gambling Guide.


3 Things Users Like About Luxbet

#1 – Luxbet Bonus

Luxbet offers new customers a 100% bonus on top of their first deposit up to $500. This means, if you deposit $500, you'll receive an extra $500 to be with for a total of $1.000. Unfortunately however, this offer is not currently available for residents of Victoria, NSW, South Australia and Western Australia.

#2 - Coming Soon Luxbet Cash Out

The ability to 'cash out' of a bet goes back to the rise of popular betting exchanges over a decade ago such as Betfair, Betdaq and more recently Matchbook. The betting exchange gave punters the ability to back and lay positions so as to ensure a profit in-play. To keep pace with this increasing popularity of live in-running wagering, Luxbet will soon launch their own Cash Out feature giving Luxbet customers the chance to trade in and out of a bet and take a revised guaranteed profit.

#3 – Luxbet Promotions

Luxbet offers customers a range of regular promotional offers, for popular leagues such as the AFL, NRL and Super Rugby, as well as international soccer, tennis and of course, horse, harness and greyhound racing. To find out what offers are currently available, visit Luxbet's promotions page.


3 Things Users Don't Like About Luxbet

#1 – No Enhanced Live Betting Option

While other bookmakers such as bet365 and William Hill have recently implemented streamlined in-play wagering features as a work around to Australia's outdated online gambling legislation, Luxbet is yet to introduce a similar product of their own. This is of course disappointing for existing Luxbet customers but we are hoping that Luxbet introduce their own streamlined in-play betting product soon.

#2 - Account Restrictions

Unfortunately Luxbet has received criticism from some customers, particularly those who have displayed the ability to be profitable long term with some reporting that they have either had their bet limits on particular markets restricted or even had their accounts closed completely. This is of course disappointing to hear, but Luxbet do detail in their terms and conditions that their betting product is for the purposes of recreational punters only and in so they reserve the right to manage customer accounts accordingly. If you are a professional punter or a punter with professional aspirations, there are a number of options open to you elsewhere.

#3 - Luxbet Odds

Another criticism of Luxbet is the inconsistency of the odds that they have on offer. So do not depend on Luxbet as your only bookmaker, this would be foolish. Be sure that you have a range of bookmakers available so you can shop around for the best odds no matter what you are betting on.


10 Frequently Asked Questions and Answers

#1 – What is the Luxbet promo code?

Find out the Luxbet promo code here.

#2 – What is the difference between a bonus bet and deposit bonus?

While some bookmakers such as Sportsbet offer a bonus bet to the value of your first bet, Luxbet offers you a deposit bonus. So what's the difference? Rather than applying to your first bet, Luxbet's deposit bonus applies to your first deposit, matching it 100% up to $500.

#3 – What is required to claim my Luxbet Bonus?

It's easy. To claim your Luxbet Deposit Bonus, you have to first sign up and create an account with Luxbet. When prompted, enter the promo code and then deposit funds into your account. Once your account is funded, Luxbet will match your first deposit up to $500 within 1 business day.

Please note that this does not mean that your first deposit has to be $500. It just means that the limit of your Luxbet deposit bonus is $500. So how does this work? Well, let's say your first deposit is $500. If this is the case, you will receive the full $500 maximum deposit bonus. But if your first deposit is $50, your bonus will only be $50.

#4 – Why does Luxbet offer new customers a 100% deposit bonus?

If you've been watching any televised sporting events recently, and we're sure you have, you will have noticed just how competitive the betting industry is becoming. Luxbet offers new customers a 100% bonus up to $500 as a way of attracting new customers to sign up with their company.

#5 – How can I contact Luxbet customer support?

There are a number of ways that you can contact Luxbet customer support.

Free Phone: 1300 589 238
Email via the Luxbet Help Centre
Live Chat via the Luxbet Help Centre
Twitter: @luxbet
Postal Address: GPO Box 863, Darwin, Northern Territory, 0801.

You can also access a series of detailed FAQs and user guides by visiting the Luxbet Help Centre.

#6 – What sports can I bet on at Luxbet?

Luxbet offers a deep menu of sports and betting markets for you to place bets on. You will find each of the following sports available at Luxbet: American football, Australian rules football, badminton, baseball, basketball, bowls, boxing, cricket, cycling, darts, elections, entertainment, e-sports, featured events, field hockey, financials, futsal, golf, handball, ice hockey, martial arts, motor sports, netball, rugby league, rugby union, snooker, soccer, squash, surfing, table tennis, tennis, volleyball and winter sports.

#7 – Can I bet on my mobile with Luxbet?

Yes, Luxbet offers both a mobile version of their site plus the Luxbet app which is available on the following platforms:

Mobile and Tablet
iPad
iPhone

#8 – Does Luxbet offer live streaming?

Unfortunately Luxbet currently only offers customers audio streaming of Sky Racing, plus a library of current racing podcasts.

#9 – Does Luxbet offer a Cash Out feature?

No, Luxbet does not currently provide customers with a Cash Out feature. They are however in the process of implementing their Cash Out product which is due to laucnh very soon.

#10 – Does Luxbet currently offer a streamlined live betting feature?

Unfortunately Luxbet do not currently offer their customers an enhanced live betting feature such as the likes of bet365's betCall or William Hill's Click to Call. Just like their Cash Out feature, we are hoping that it won't be too long before Luxbet follow other bookmakers in the Australian betting industry and introduce an enhanced live betting feature of their own.


Australian Bookmaker Reviews

Over $3,000 In Bonuses Currently Available


 

Bonuses available as per terms and conditions. Read our bookmaker reviews for full details.