Texbet Review

Texbet Betting Overview

Texbet Aussie Basic Information

Texbet Australia Pros & Cons

Texbet Reviews and Users Ratings

Match.Center experts grade legal Australian betting sites by seven basic reference points: the selection of betting events, the app, live streaming, payment methods, registration and customer support, legal information, ease of navigation. Here are the Texbet ratings.

Texbet Website, Mobile Version & App Screenshots

How to Bet with Texbet

Texbet has been active in the Australian market for a long time, the online betting site was launched only in 2020, though.  Today customers can bet using both a desktop and a smartphone thanks to the mobile betting site, as well as the app for iOS and Android devices.

Texbet focuses on horse races, yet punters can also make bets on 15 sports such as cricket, baseball, golf and Aussie rules. In this Texbet review, we take a look at the sign-up and verification procedures and describe how to place a bet.

How to Sign Up For Texbet

To register with the Texbet betting site, you need to follow several simple steps. Below you find a step-by-step guide to register a Texbet account. It is valid both for desktop and mobile version and app.  To sign up you need to do the following:

Let’s sum up the data required for the registration:

Please note that Australian legislation requires that all users verifies their identity before starting to use the Texbet site. This requirement complies with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (CTH) and the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (CTH).

Texbet Verification

To verify your account you need to provide your ID containing your name, age and current address. Normally, it is enough to send over the copy of the passport or other ID, as well as some confirmation of residence in Australia or New Zealand. It might be a local bank statement or a household bill on your name. The data is to be sent to [email protected].

You can withdraw money from your account only upon the approval of the security service. If you fail to provide documents or Texbet is unable to verify your data within 72 hours from your registration, your account will be blocked. You won’t be able to make transactions or withdraw money until your documents are verified.

How to Place a Bet on Texbet online

To make a bet on Texbet website, you need to:

The minimum bet amount is $0,5.

Australian Texbet Payment Methods

The payment methods used by Texbet include:

The easiest and fastest way to make a deposit is to do it with a Visa/Mastercard bank card. In this case money hits the account at once while bank transfer may take up to 72 hours.

To make a deposit:

The minimum deposit amount is $10, the maximum depends on the chosen payment system.

You can withdraw money from Texbet account via Visa/Mastercard and bank transfer EFT. The rule is you must at least once spend all the amount on betting before you can withdraw the money.

To withdraw money:

Texbet: What Sports Are On Offer?

Texbet Australia focuses on horse and greyhound racing. It becomes clear as soon as you enter the homepage: the upcoming races are always on top while other sports are way below and go unnoticed at first.

The selection of events contains 15 sports:

The sports betting offer is quite poor. Texbet is good enough only for those who place big market bets (1/X/2, totals, handicaps and so on) on major sports. The selection of Texbet sports betting markets is disappointingly poor. For example, for the 2022 FIFA World Cup group stage matches, Texbet offered 15 markets to bet on at best while selection offered by their competitors is larger by far: Betstar offered up to 160 markets, Playup - up to 277, Unibet - up to 553. The same is true for all sports events in the market.

Let’s take a closer look at some Texbet events:

Texbet Live Betting

Australian government has been long fighting the national disaster, i.e. gambling addiction. The country is steadily on top of the list of gambling participation. The authorities have taken a large number of measures to limit the bookmakers’ activity. The 2001 Interactive Gambling Act is one of the strictest laws in the area. It controls bookmakers’ activity and, what is more, prohibits In Play betting.

To circumvent these restrictions, bookmakers use the loophole of mobile live betting. Punters make a call on a given number and place bets via the operator. Unfortunately, Texbet doesn’t provide this service. Being a 100% legal, Texbet doesn’t accept In Play bets.

Streaming on Texbet

Racing betting fans will highly appreciate Texbet TV —  a live streaming service broadcasting horse and greyhound races. Texbet users can watch high-quality broadcasts without registering.

You can follow races everywhere because the service is available both in the web-based mobile version and the app for Android  and iOS devices. The streaming service broadcasts horse and greyhound races; sporting events are unavailable.

Texbet App

Along with mobile version there is Texbet mobile apps both for Android and iOS. The platform looks very much like the desktop version, with the same design and menu it provides all the functions of Texbet. This allows you to:

We haven’t encountered any problems with the app, all menus work fast and the system looks well-structured. At the time of writing this Texbet review the iOS app had a 4.4 star average rating from 897 reviews. The requirement for iPhones and iPads is iOS 12.0 or later. The Android app had a 4.3 star average rating from 268 reviews. It requires Android 5.0 and up.

Texbet Promotions

Australian legislation prohibits the bookmakers’ promotions. Yet there is an exception: in NSW and Victoria local laws allow to advertise enhanced odds. In Victoria you can find reload bonus offer advertisements. Many bookmakers try to sidestep the restrictions and advertise their promotions (bonuses included) on the streets, stadiums, social media and mail-out even to non-registered customers. Some companies go as far as to ignore the legislation. For many bigger bookmakers it’s cheaper to pay the fine than to give up on advertising that might substantially increase the number of customers.

As for Texbet, on their website you can find the Promotions section, which contains information about the availability of Texbet promos, Free bets and so on. All information on promotions can be obtained only by registered users. A separate type of special rewards is available for ClubTex members. Also, the betting site may provide for the possibility of using the Texbet promo code, but you should learn about its availability separately.

Texbet Australia Bonuses

Australian legislation prohibits us from telling you about Free bets for registration and any other bookmaker's bonus promotions in this Texbet review.

Naturally, illegal bookmakers are unlikely to comply with the laws and limit themselves with prohibitions - such bookmakers will be happy to tell you about their bonuses on the main page of the betting site. However, we recommend avoiding such platforms and betting with licensed bookmakers only. Texbet is a legal betting operator, so all information about bonuses and promo codes is not available for unregistered users.

What else you should know before you bet with Texbet

Texbet focuses on horse racing and greyhound racing bets. The corresponding section displays gallops, greyhounds and harness on the same page. Races are highlighted in three different colors:

The pleasant feature is that Texbet pays out money if the horse comes first but then is relegated (Protest Payout). In the event that the protest against the first horse is upheld, the bookmaker will pay out both the temporary winner (the first past post) and the official winner indicated by the judges. The Protest Payout applies to every Australian Thoroughbred and Draft horse race. To get money you must be registered on the site and go through account verification.

The annoying feature is that for upcoming races the days and hours until their start are shown rather than the race time. Also, for greater convenience, the site could display the name of the race when hovering over it - for some reason, Texbet did not think of this simple function.

Key Features of Texbet Betting

The Texbet website offers the users some nice features. The main ones are:

Texbet Odds

The Texbet margin for soccer reaches high values and often steps over the psychological threshold of 10%. This is higher than the average for the Australian betting market and for other markets too. Just look how much worse Texbet's margin is compared to that of their competitors for the France vs Australia match: Unibet - 3.98%, Betstar - 5.72%, Palmerbet - 5.76%, Texbet - 10.54%. The situation is much better in basketball and tennis, where the Texbet margin is fixed within 5-7% - this is the average margin for many other bookmakers in Australia. If we add up all the odds for soccer, basketball and tennis, we get an average margin of 7.54% - not catastrophically high, but worse than on more generous betting sites. Let's analyze the Texbet odds on some examples.

In this Texbet review, let’s look at another 2022 World Cup match - Senegal vs Netherlands. The betting odds are 5.50 for the African team to win, 3.50 for a draw and 1.55 for the Netherlands to win. To calculate the bookmaker’s margin, we use the formula (1/5.50 + 1/3.50 + 1/1.55 - 1) x 100, so the odds are 11.27%. For a match of this level this is a very high and uncompetitive figure.

Now let's calculate the margin in the NBA game between the Cleveland Cavaliers and the Atlanta Hawks on 22/11/2022. Texbet odds are 1.70 for the Cleveland Cavaliers to win, and 2.15 for the Atlanta Hawks to win. If we remove the draw variable from our formula, we get the following calculation: (1/1.70 + 1/2.15 - 1) x 100 = 5.34%. You can see that Texbet offers excellent odds in basketball.

And finally, tennis. Let’s consider the confrontation of Maria Carle with Panna Udvardy in the WTA Argentina Open on 19/11/2022. The bookmaker estimated the chances of winning as 2.70 and 1.45 respectively. If we put these into our formula (1/2.70 + 1/1.45 - 1) x 100, we get a margin of 6%. This value can be considered common in the market for tournaments of this level.

How Do I Get a Texbet Card?

At the moment the Texbet does not issue personalised payment cards. For payments you can use other available methods: Visa and Mastercard, the Poli payment system, as well as a direct transfer.

Texbet Security

Texbet is a 100% legal Australian operator with all the necessary permissions to conduct betting business. The bookmaker is licensed by Racing NSW and Liquor, Gaming & Racing NSW and is a member of the New South Wales Bookmakers Co-op, an association that guarantees the payout of all winning bets.

O'Shea Bookmaking, trading as Texbet, is owned and operated by Terry O'Shea, a well-known and respected Australian bookmaker who created Texbet back in 1973 as a family business. The long history and reputation of a reliable betting operator is another argument in favour of Texbet security. On the operator's page it is emphasised that Texbet supports and complies with the Australian Bookmakers Association Code of Practice.

BetMakers platform used by Texbet has proven to be secure with various security features such as SSL encryption.

Texbet Customer Service

Texbet customer support is provided by live chat, email ([email protected]) or phone (1800 839 238). The work of the operators leaves an overall positive impression. At the time of writing this Texbet review, we contacted the support via the live chat several times and each time we had to wait no more than a few seconds for a response. If you choose this method of communication, be prepared to chat with the bot first, it gives answers to frequently asked questions. For convenience, you can choose the topic of the conversation from the options offered at the beginning. If the help of the bot turns out to be useless, the operator will contact you.

Unfortunately, the live chat is not available 24/7 (in the chat window you can see how much time is left before the operators start working) - this is a significant disadvantage compared to competitors offering 24/7 feedback. The FAQ section also needs some improvement. At the moment, it covers only ClubTex issues, although most punters would clearly appreciate more diverse and in-depth coverage of all aspects of the bookmaker's work.

Tips and Tricks for Betting at Texbet

If you have chosen Texbet as your betting platform, here are some simple tips to help you get the most out of the site. Let's take a look at what Texbet offer.

Texbet Frequently Asked Questions