Luxbet Racing Review
We are having a closer look at several betting websites in preparation for the Melbourne Cup Carnival, which will be held on the first Tuesday in November.
Have a bit of a browse to see which site to use to satisfy all your Melbourne Cup Carnival betting needs. Check out our comprehensive Bookie Reviews page to see our other 5 preferred Melbourne Cup Carnival bookmakers.
$502 Racing Bonus Bet
Tabcorp owned Luxbet provide top odds and great value all year round for horse racing. Luxbet members enjoy Australia’s highest paying racing products combined with excellent daily racing specials.
- Best of the Best
- Weekly and Daily Promotions
- Outstanding racing products, Best of the Best, LuxDiv, LuxFixed, Exotics and many more
- Whopping 100% joining bonus up to $502 that can be split into bets as small at $10
- Quick and intuitive betting interface, backed by all powerful Tabcorp gaming group
- Daily betting promotions on racing, plus boosted prices on selected events
- ClubXtra - 12% Winners Bonus for owners and trainers
- Live online betting unavailable, but this is due to Australian law, so not a knock against Luxbet
- Been known to limit or close the accounts of very successful punters, although this happens at most bookmakers
- Website offering is different to the norm, if you are used to the more traditional type of betting setup. So we've put this in the cons, although we think it's great and could easily be a positive
Luxbet Racing History and Gambling Licence
Luxbet launched in 2008 under the Tabcorp Holdings umbrella. Tabcorp is also the owners of TAB Sportsbet, which is licensed in New South Wales and Victoria, while Luxbet’s license applies to the Northern Territory.
Luxbet Racing Products
Luxbet’s offers include horse, harness and greyhound racing, and they offer their services on a wide variety of Australian, and some international, events.
They offer Win/Place, Quinella, Trifecta, and Exacta, as well as a variety of Tote options and fixed odds on some events. They also offer a 12% win bonus for owners or trainers who join their ClubXtra program.
Luxbet Betting Products
Best of the Best guarantees that punters who are betting on any metro horse race every Saturday gets the absolute best price of the three totes and the official on course top fluctuation. What does this mean I hear you asking? It means that punters will get the ABSOLUTE best price on a horse.
The on course betting ring opens for races 30 minutes before the race starts. Odds then fluctuate up and down until the race jumps, if you place a top fluctuation bet you are guaranteed to get the best odds on that horse from the 3 totes and the from the betting ring fluctuations. So sit back and don’t be worried that you are getting a rubbish price on your sure thing.
LuxDiv gives punters the best price of 3 totes and the starting price on all country, provincial, and metro horse race, every day right until the jump.
LuxFixed allows you to just take fixed odds on a thoroughbred, greyhound, or trotter. The benefits of this are you know exactly what odds you will be getting paid out when you place the bet rather than relying on the best payout from the 3 totes or starting price.
Exotics at Luxbet allow you to place exotic bets, which include… Quinella (first 2 in any order), exacta (first 2 in order), trifecta (first 3 in order), first four (first 4 in order), running double (select the winners of 2 consecutive races), daily double (select the winners of 2 nominated races on a single day), Quaddie (select 4 winners from 4 nominated races).
All of these offers have their own terms and conditions attached, and we recommend that you study them carefully before committing to a bet.
Our featured products
We’ve written a few articles on other Luxbet Racing Products which we really think offer tremendous value, click on them below to learn more.
Joining Bonus Bet & Promotions
The Luxbet bonus for joining is extra generous. They will double your first deposit up to AU$502, meaning that if you deposit AU$502, you will receive AU$502 in Luxbet bonus bets. This can be split up into amounts as small as AU$10.
They usually have some interesting spring racing offers, and you should also check back for their offerings for the Melbourne Cup Carnival.
Just to reiterate – this is a MASSIVE 100% joining bonus which is not to be sneezed at.
If you are one of the unlucky people who are ineligible to receive this joining bonus (Not available to residents of SA, VIC, NSW, or WA), you can still sign up with Luxbet.
We highly recommend when you do you jump on their live chat, send them a message and see what they can do for you. Click here to join Luxbet now!
Luxbet’s website is hidden behind an account wall and you will need to create and log into an account before you will be able to see all of the website. Once you are in, however, the website is a pleasant surprise.
Luxbet Racing’s website is unusual for a sports betting website. Instead of the vertical layout we are familiar with from other websites, Luxbet’s sports selection menu is horizontal at the top of the page, instead of having the sports on the left side of the screen. Other than that, the site is fairly standard.
The odds are displayed in an innovative way as well, which makes the whole process dramatically simpler, so that’s an additional plus for Luxbet’s website. There is also a Quick Multis option at the top of the nav panel, which allows you to quickly create multi bets with the available odds.
The betting slip pops up at the right of the page, displaying all the bets you’ve selected so far. Clicking ‘Place Bet Now’ will take you to another page where you can add the stake amounts. The slip will display your total stake and the potential winnings automatically, which is a handy plus for the mathematically challenged among us.
There is also a Quick Bet option, much like Amazon’s One-Click. This lets you make a single bet without having to add it to the slip; a nifty time-saver we haven’t seen elsewhere. They also offer apps for Android and iOS, in addition to desktop and mobile versions of the website.
The website is in English only, but offers a selection of currencies including AUD, EUR, GBP, and USD. Their maximum payout is AU$150 000. They have a minimum deposit only when using a bank transfer, in which case the minimum if AU$300.
The minimum bet is AU$1.00, and they do have a credit facility available on application basis, with a minimum of AU$250.
A button at the top right of the landing page will lead you to Luxbet’s Help Page. There you can find informative articles relating to ID verification (they like it, they want you to do it), new accounts, and deposits and withdrawals.
There is also live chat and telephone support which you can utilise if you have any pressing questions. The live chat is manned 24/7 which is excellent to see.
You will need to provide copies of your ID documents within 90 days to make a withdrawal, and Australian residents should be able to do the whole process online.
A relative newcomer to the online betting scene, but backed by an older, reputable company. Luxbet is a solid option for anyone looking to bet on the Melbourne Cup Carnival.
With their innovative website, clear layout and their excellent odds display, the website is very beginner-friendly, and their excellent odds display is a breath of fresh air after a series of confusing and unclear displays on other websites.
For more experienced punters the website layout may be an adjustment. It is richly customizable and feature-rich, so with a little bit of effort you will end up with a navigation pane that shows only the events and sports that interest you. That should be worth a bit of an adjustment period, when all is said and done.
Their selection is slightly limited compared to other betting sites, but on the whole, you’re not likely to find a better place to start.
Hope you enjoyed our Luxbet racing review! Best of luck with this years Racing Carnival! To join Luxbet racing and claim your $502 free bet, click here or the button below!