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Luxbet Review: Offers, History, Odds, and Markets

Luxbet was launched in 2008 by the ASX listed Tabcorp Holdings, and has since grown into one of Australia’s leading corporate bookmarking brands. Since its launch, Luxbet has gained a considerable market share in the industry by providing newcomers with impressive sign-up packages and good value odds. Their presence is strongest on their online platforms, while their website boasts a user-friendly interface as well as competitive bet placing that you can take advantage of at any time through the Luxbet quick links.

The company’s most popular betting options are the ‘Best of the Best’ and ‘LuxDiv’ offerings, both of which offer great Luxbet promos, superior value for money and a unique betting edge when compared to the company’s competitors.

 

Table of Contents

Newcomer’s Offer

Background

Odds and Markets

Luxbet Horse Racing

Website

Luxbet Pros and Cons

App

Luxbet Live Streaming and Betting

Luxbet Banking Options

Luxbet Customer Service

FAQs

Conclusion

 

Newcomer’s Offer

Luxbet promotions for newcomers include a sign-up bonus of $500 worth of Luxbet bonus bets when using the Luxbet promo code  MAXIMUMBONUS, with the only catch being that you can only redeem this massive bonus at Ladbrokes. On the other hand, the Luxbet deposit promo code MAXCASH, entitles newcomers to $250 worth of Luxbet bonus bets upon sign-up, which you can redeem from Luxbet directly.

 

Background

The Luxbet brand is registered by the Northern Territory Racing Commission, and although relatively new to the industry, Luxbet has played its cards right when it comes to online betting and Luxbet mobile telephone betting. One of the most attractive aspects of the Luxbet platform is their interactive customer service and great customer privileges.

Luxbet’s meteoric rise to the top is no surprise considering the fact that they’re under the Tabcorp Umbrella of companies, a status which has enabled them to penetrate many of the head company’s existing network of lucrative relationships. For example, Tabcorp supports the Victorian racing and NSW industries through profit sharing contributions to the harness, greyhound, and thoroughbred racing codes.

However, this hasn’t exempted Luxbet from complying with standard regulations, and they’re still required to pay race field and product fees like other national bookmakers.

 

Odds and Markets

With Luxbet, you’ll have access to a wide variety of markets, including the greyhounds, harness racing, horse racing, rugby, soccer, the NRL and the AFL. The odds are also quite diverse, ranging from more obscure sports to entertainment; whereas national events are very much well-catered for when it comes to the NRL and local cricket Test Matches.

 

Luxbet Horse Racing

Luxbet offers punters a wide range of racing options from harness, horse, and greyhound racing matches in Australia as well as in selected events in other countries. Betting options such as quinella, Win/Place, Exacta, and Trifecta are available to choose from. Luxbet also offers punters a wide range of Tote options for most horse races as well as fixed odds in some of the most popular events.

 

Website

The Luxbet website boasts a fast betting layout and quick overall navigation, which is made possible by a new and improved interface that has sports and market tabs displayed at the top, while the options menu is conveniently placed on the left side of the website.

You can even customize the website to display only your preferred racing and sports markets, and because Luxbet places so much focus on horse racing, future races are itemized in the opening page. There’s also a handy countdown clock that shows you how much time is left before each race begins. The Luxbet website also loads really fast, and a collapsible menu is available for punters who want to place specific bets on try or goal scorers.

 

Luxbet Pros and Cons

Pros:

  • No minimum deposit
  • Great betting interface
  • Bonus bet and odds promotions

Cons:

  • Live online betting is not available
  • Navigation menu is not easy
  • Customer service is average

 

App

The Luxbet app is a leader in the industry and offers simplified betting with a home screen that immediately shows visitors six upcoming sports events and racing events. The menu tab takes you to additional selections such as Quick Multis, Sports, Your Bet Slip, Live Betting, and Racing.

Apart from ease of use and accessibility, the Luxbet mobile app also contains Luxbet and Best of Best platforms, as well as form guides and skills. You can easily refresh each market to get up-to-date fixtures, and there’s a live audio streaming option for different races also available on the app.

The Luxbet mobile app is available for download on both Android and iOS devices. There is also a mobile website, so no need to download the app if you don’t want to. The mobile site is accessible through any browser of any mobile device.

Although through the Luxbet betting app, there are a lot of tools and features included to ensure that players only get the best mobile betting experience.

  • Four-Digit Pin

A four-digit pin is a handy option to log into your betting account.

  • QuickBet

The QuickBet tool allows punters to quickly place a bet, bypassing the process of getting a bit slip before your bet is accepted. This feature is very useful for players who are running out of time to complete the standard process of betting before the race starts.

  • Racing Radio

One of the things that makes the Luxbet mobile app very unique from other bookmakers is its Racing Radio feature. For those who want to do its old-school, this feature provides punters a live radio stream of the biggest horse races.

  • Live Betting

Live betting is available through the Luxbet mobile app on all the latest sports events. There are various markets available as well, including line betting, head-to-head, and other exotic markets.

Both the Luxbet app and the mobile site works in similar ways, and they are not all about access to the wide-ranging races and matches from Luxbet either. The user experience through the app and mobile app is exemplary as well, as both the audio and graphics are impressive, and the user interface is as intuitive as the main Luxbet website.

Overall, the Luxbet app and mobile site offer all punters functionality and ease of use whenever and wherever they are, something that only a few betting sites have under their sleeves.

 

Luxbet Live Streaming and Betting

The live betting option in Luxbet is both available on the desktop website and the mobile app and while there is a wide range of markets available for live betting, which ranges from the basic head-to-head options, line betting, to a wider range of exotic markets, live betting can only be processed through a phone call.

With Luxbet’s partnership with the NBA, live streaming of all live NBA matches is also available through Luxbet mobile app.

 

Luxbet Banking Options

Luxbet provides its customers with all the major payment options that are the same as any other bookmaker. Plus, all deposit and withdrawal transactions are without any fees. The quickest way to fund betting accounts in Luxbet is through credit and debit card options. Luxbet supports payment made by MasterCard, VISA, PayPal, and POLi.

Meanwhile, it also allows deposit options through direct bank transfer or BPay, although this method usually takes around two to three business days to complete.

Deposit transactions are instant when using debit and credit cards. However, withdrawal of funds from Luxbet betting accounts usually takes three to four business days to be processed no matter the payment option chosen.

Furthermore, there is a minimum deposit amount of $300. Funds from the betting account can be withdrawn and cashed out in Australian dollars, Great Britain Pounds, Euros, and US dollars.

Players from the US, Denmark, Netherlands, Turkey, France, and Germany, however, are not allowed to wager in Luxbet using real money.

 

Luxbet Customer Service

Luxbet takes customer service seriously. Instead of providing one phone line for players to reach its customer service team, it has three phone lines dedicated to three categories, which are sports betting, race betting, and customer support. All three categories also provide access to two phone numbers, one for Australian players, while the other is for their International customers.

Customer service representatives at Luxbet can also be reached through live chat and email. There is also a comprehensive “Frequently Asked Questions” section on the Luxbet website, which is helpful for some issues that players might experience.

 

FAQs

  1. How safe is Luxbet?

Safety is always in every punter’s mind, and Luxbet can offer that in spades to its customers. With the backing from Tabcorp, an entertainment giant, and one of the largest gaming companies all over the world listed publicly, Luxbet has been one of the most trustworthy bookmakers from the start. Further, Luxbet updates its security protocol regularly to ensure that safety and the best betting experience for all its customers are maintained.

  1. Are there betting limits in Luxbet?

There are always a lot of complaints from players, and every bookmaker has had an issue when it comes to withholding winnings of their clients. However, Luxbet is not known to take advantage of its winners, although it has a betting limit imposed. Luxbet has a maximum payout amount of 150,000 Australian dollars.

 

Conclusion

Luxbet is a great option for a betting site for punters looking for wide-ranging racing markets and sports events and matches. While it doesn’t have the razzle and dazzle like other giant sportsbooks in the online gambling industry, the Tabcorp backing of Luxbet ensures that the wagering platform can offer the best betting experience of what markets are available in its roster. Overall, Luxbet is a solid wagering site for punters of all levels and betting preferences.

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