Luxbet Bookmaker Review

Luxbet is a relatively new bookmaker that was established in 2008 and is owned by TAB (one of the most famous Australian punting brands). Using their diverse betting shops, website, and mobile apps, Luxbet allows TAB to provide very competitive fixed odds to wagering enthusiasts.

luxbet

While the initial target was to reach the growing portion of corporate bookmaking space, the wagering agency has grown to become one of the most successful bookies in Australia. In this review, we explore their operations, promotions, and mobile platforms among other aspects to help you make the right decision to become their member.

Luxbet’s betting products

Luxbet provides its punters with a wide range of products and promotions. After starting in 2008, Luxbet racing products have grown and are now the most competitive in the industry.

  • Best of the Best: This is a unique product that guarantees wagers the best prices of every 3 totes and Top Flux. Accordingly, the punter can win more. The product is available in all Metro horse races on Saturdays. Note that every bet has a maximum limit of $250 and must be placed about 30 minutes before the races.
  • Luxbet LuxMID: This product provides punters the 2nd highest dividends that are defined by 3 totes (for all place and win bets). Many punters love this product because it is available on all Australia greyhound races and harness races till the jump.
  • Luxbet Top Fluc: This is similar to LuxMid but requires that the bet is placed ½ an hour before the jump. Therefore, it is ideal for punters who already know the horses to bet on.
  • LixDiv: This product is the best of the 3 totes and is available in all races including country, metropolitan, or provincial and is available until the jump.

Luxbet bonuses and promotions

Welcome bonus: Every new member is welcomed with a bonus of $150. Luxbet has made it very easy to get this bonus in just three steps. Sign up, make the first deposit and place a bet to get the bonus credited to the account immediately.

Luxbet Tote +5%: For wagers who love punting on international sports, this product assists you to get winning odds that are equal to selected tote and an additional 5% bonus on winnings. The product is offered mainly in Singapore, Japan, USA, Australia, and Hong Kong races.

ClubXtra bonus: This is one of the most competitive offers for clubs that provide owners as well as trainers with 12% bonus as addition to the winnings.

No fees on deposits or withdrawals: One of the things that put off punters is winning against opponents only to find that the bookmaker still wants to cut the win when making withdrawals. At Luxbet, there is no fee on deposits or withdrawals as the bookmaker wants all wagers to bet more and enjoy their wins.

Weekly promotions: Besides these products, wagers are given weekly promotions that make the experience even more enthralling. Whether you are a new or veteran punter, these are offers you do not want to miss. To make it easier to understand the sports and make the right bets, Luxbet also provides additional information for tracking horses, their lineages, tracks, jockeys, and even trainers.

Account funding options

Luxbet has a wide range depositing and withdrawal funds. They want to ensure that punters can make deposits and withdrawals as fast and securely as possible. The accepted methods of payment include BPAY, Skrill, POLi, Visa, MasterCard, and Bank Transfers. However, they limit the currency of operations to US dollars, Australian Dollar, British Pound and Euro.

Luxbet online wagering platform

Luxbet updated its website in 2013 which targeted making it more functional and simpler to use. To punt on races, select Racing Betting on the top main menu and a list of all the races available will be displayed. Then, you can click on the race of choice, and the Bet Slip gets automatically added on the right side. Then, choose the amount you wish to bet on, and your bet will be complete.

If you want to bet on other sports, select Sports Betting from the top main menu to get a list of all available sports. Pick the sport of choice to get different games being played and then place a bet using the amount you want.

To make a deposit online, simply select Online betting and navigate to access My Account, and Deposit Funds to select the options (deposit or withdrawal). Remember to ensure that you have enough cash in your online wallet or credit card before clicking deposit.

Though punters complained after the website was changed in 2013, it only requires a short moment to master everything. We rate it well above average because it compares pretty well with other top options in the market.

Account mobile wagering application

Luxbet provides its clients with a betting mobile website version and an app. The app is very fast and gives punters a wide range of markets wherever they are. Notably, the mobile app had a lot of bug issues in the past which made many punters lose faith in it. Though the bugs have been fixed and some updates were done, it still operates below par compared to other top apps in the highly competitive wagering niche.

For people who enjoy live betting, the mobile app is very enthralling. You can follow the race, get details of the trainers, horses, jockeys and other information to review the performance of any bet during the race. It is a great feature when you are away from the television, or the event is not being aired live. Notably, for wagers who want to make a few punts occasionally, the Luxbet is no doubt a great consideration for you.

Conclusion

Luxbet has come out a great force to reckon with because of its generous welcome bonus, lots of free bets, huge betting markets, and enthralling events for big wagers. However, it falls behind other bookmakers in its customer service, mobile app, and website operations. Despite these, it is still a great bookmaker, especially to new wagering enthusiasts.