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Reasons to join Palmerbet

  • 100% Australian owned
  • Nice-looking site with quick and easy bet placement
  • Second Racing Bet Match
  • Not as many sports markets as some rivals

Palmerbet Bonuses & Promotions

Palmerbet offer bonuses and promotions weekly. These range from money back specials to protest payouts, enhanced odds, same game multis and same race multis. In order to view all of the weekly promotions on offer with Palmerbet, you will need to be a Palmerbet account holder. For more details on Palmerbet’s bonus offers and promotional offers, scroll down to our ‘Palmerbet Products and Features’ section.

Palmerbet bonus code info

Palmerbet Bonus Code

Signing up to Palmerbet has never been easier because there is no Palmerbet bonus code required to take advantage of their great range of markets and promotions.

When you join Palmerbet, you can take advantage of their Second Racing Match which has a maximum of $100. For example, if your second racing bet is $100, you will be awarded a $100 racing bonus bet to be used on racing products only. If your second racing bet was for $60 instead, then a $60 racing bonus bet would be awarded.

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In the past, you would sometimes need to enter a bonus code in order to take advantage of any bonuses like the Second Racing Match. That is no longer the case. Simply click the ‘Claim’ or ‘Second Racing Bet Match’ button at the top of our review, enter your details to join Palmerbet and make your first deposit. You can now enjoy all the best features offered by Palmerbet.

Is there a Palmerbet Sign-up Bonus available?

There is no longer a Palmerbet sign-up bonus available due to changes to Australian gambling legislation and regulations.
However, the good news is that Palmerbet offers a Second Racing Bet Match.
In addition, Palmerbet offer excellent racing and sports promotions which can be viewed by logging into your account. These change frequently so the easiest way to see them is by logging into your account or signing up for a Palmerbet account if you do not currently have one.

A guide on how to use the Palmerbet Bonus bet

Palmerbet offers bonus bets that can be used on racing products. One example is their Second Racing Match mentioned in the Palmerbet Bonus Code section above. In addition, some customers will receive bonus bets courtesy of Palmerbet promotions.

To use a Palmerbet bonus bet, make sure you are logged into your Palmerbet account. Go to any racing market (excluding Victorian thoroughbred race meetings) and select the bet type that you would like to place. Select the bonus bet that you would like to use and confirm your bet.

A Palmerbet racing bonus bet cannot be used on multis, exotics or futures bets. We recommend that you look at the Palmerbet promotional terms and conditions to see the full list of T&Cs that apply to bonus bets.

Signing up with Palmerbet & Placing Your First Bet – A Step by Step Guide

If you would like to know how to sign up for an account with Palmerbet and place your first bet, please follow our step-by-step guide to joining Palmerbet.

• Step 1: Go to or click here to be taken directly to the sign-up page.
• Step 2: Enter your personal details and create your Palmerbet account – this will take less than two minutes to complete!
• Step 3: Make a deposit into your new Palmerbet betting account.
• Step 4: Select Racing or Sports from the menu on the homepage. We will assume you have selected racing for our step-by-step guide.
• Step 5: Select the race meeting and race number that you are looking to place a bet on. For example, Flemington Race 5.
• Step 6: Select the bet type that you would like to place. For a fixed odds win bet, select the odds next to the horse that you would like to bet on. Enter your stake and confirm bet.
• Step 7: That’s all there is to it! You will have successfully placed your first bet with Palmerbet and can continue betting at your leisure.

Palmerbet bet options explained

There are numerous betting options available at Palmerbet. Here is a list of bet types available on racing:


The most popular bet type is win betting. Your horse must finish first past the post to receive a winning payout.


Your horse must finish first, second or third past the post in races where there are eight or more runners. If the race has between five to seven starters, then only two place dividends will be paid out. If the race has four or less, then no place betting is available on the race.


An each-way bet is a combination of a win and place bet. You are staking an even amount on both the win and place. For example, a $10 each-way bet would mean you have placed $10 on the horse to win and $10 on the horse to place.


You must correctly select the first two horses past the post in any order.


Like a Quinella, except you must pick the first two horses past the post in the correct order.


Correctly identify the first, second and third horses past the post in the correct order.

First Four

Correctly identify the first, second, third and fourth horses past the post in the correct order.


You must pick the winner of four nominated races at the same racetrack. Each of the four races is often called a leg of the Quaddie and you can select multiple horses for any or all legs of the Quaddie.


A popular bet type where you combine multiple betting options into a single bet. For example, you may combine three win bets from three different races into a multi. For the multi to be successful, all three horses would need to win their respective races. You can combine win and/or place bets into a multi.

Match Result/Head-to-Head

The most common bet type for sports is a match result or head-to-head bet. You are backing which team or player will win a specific match.


Most sports will have a team that is favourite and sometimes there will be a dominant favourite. Bookmakers offer a line bet for sports in order to try and even up the match.
For example, Collingwood may be -8.5 points against Essendon who are +8.5 points. If you backed Collingwood -8.5, then if the team were to win by nine or more points, your bet would be successful as they have covered the line. If Essendon +8.5 were your preferred bet, then you would be paid out as a winner if Essendon won the match, the game was drawn, or Essendon lost by eight points or less.

Total Game Points Over/Under

This bet type relates to the total points scored in a match by both teams combined. Using our AFL example, if the total game points were set at 136.5, you would have the option of backing over 136.5 or under 136.5. Let’s pretend you chose over 136.5 and the final scoreline was Collingwood 73 to Essendon 65. Adding up the points by both teams, the total is 138 points which means over 136.5 points is a winning bet.

1st Goal Scorer

Another popular bet type is the first goal scorer or first try scorer market. You must pick which player will kick the first goal of the match. Numerous key players will be listed, while Palmerbet also offer a ‘Not Listed, Any Other Player’ option which means if the first goal is scored by someone not listed in the market, then the bet is successful.


Our independent review of bookmaker Palmerbet takes a look at the company’s online product and compares how the Sydney-based bookie stacks up against the competition.
Being 100 percent Australian-owned and operated, Palmerbet has been firmly entrenched in the Sydney bookmaking ring for more than 30 years, and in 2013, they made the move into the online marketplace.

Although their main focus has always been on horse racing, their online sportsbook is one of the best in the industry, with prices that others struggle to match.


Started by Ted Palmer, the company remains in the care of the family which operates in Sydney and interstate betting rings.

A firmly established and trusted bookmaker, Palmerbet is licensed by Racing NSW and is a member of the NSW bookmakers’ cooperative. They are one of the few 100 percent Australian-owned bookmakers to offer a competitive online bookmaking service.

Palmerbet are noted for offering best odds across numerous sporting markets including NBA, AFL and NRL. They strive to live up to the self-billing of being Australia’s “newest and most exciting online bookmaker” with the intention of “revolutionising the Australian wagering market”.


The Palmerbet website was clearly well thought out ahead of the launch in August 2013 and it offers a user-friendly experience with markets well-advertised and the displays clear and easy to use.

The left-hand menu offers links to various sporting markets and is separated into Racing and Sports which makes finding your market a very quick process.

You will need to be logged into your betting account to view the latest promotions, while the biggest markets of the day along with ‘Next To Play’ and ‘Next to Race’ are centred on the page for easy and speedy access.

palmerbet racing bet $100 bonus


Palmerbet offers markets on horse racing, harness racing, greyhound racing and the following sports:
• Australian Rules
• Rugby League
• Tennis
• Soccer
• Baseball
• Basketball
• Cricket
• Martial Arts
• Rugby Union
• American Football
• Boxing
• Cycling
• Darts
• Entertainment Markets
• Esports
• Gaelic Football
• Golf
• Hurling
• Ice Hockey
• Motor Racing
• Netball
• Novelties
• Politics
• Snooker

All major sporting competitions around the world are covered such as AFL, NRL, NBA, EPL, NFL, MLB and BBL.

The big selling point behind the Palmerbet operation is their “commitment to offering better odds and bigger limits”. You will find a significant number of markets across all sports offered and should be able to get on the bet you want without encountering any problems.

Palmerbet Withdrawal and Deposit Review


You must verify your betting account within 14 days from the date that it was opened in order to continue using the account and also make any withdrawals.

Withdrawals can be made electronically to a bank account belonging to the holder of the betting account. The minimum withdrawal amount is $10.

In addition to bank transfer, you can withdraw to a credit/debit card.

Withdrawals are processed on a daily basis before 2pm local time. Bank transfer withdrawals usually take up to two days, while credit card withdrawals may take up to three business days to be received.


The following deposit methods can be used to fund your Palmerbet betting account online.

– Credit/Debit Card ($10 minimum)
– BPAY ($25)
– POLi ($10)
– Cheque (Check with your bank)
– EFT (Check with your bank)

The maximum amount that you can deposit will be determined by you. You will be asked to set a deposit limit per day, week or month.

Palmerbet Products and Features

Palmerbet offers some excellent products and features. Here are the best Palmerbet products and features on offer:

Multi Builder

Multi-bets, also known as multis, are a popular bet type in both racing and sports. A minimum of two bets, known as legs, must be included and odds for each of the respective bets are multiplied together to give a combined odds total. For example, a multi containing odds of $1.54, $1.70 and $2.20 would equate to combined odds of $5.76. If all three bets are successful, then the multi would be successful; if any of the legs fail, the multibet is unsuccessful. Palmerbet offers multis across racing and sports, as well as Same Game Multi and Same Race Multi options.

Enhanced Odds

Palmerbet will often provide enhanced odds on your favourite racing and sporting events. They offer weekly special markets ranging from player specials, team specials and boosted odds for horses.
Make sure you check regularly for any Palmerbet promotions on offer. Please note, you will need to be a member of Palmerbet to view promotional offers. If you do not have a Palmerbet account, see our ‘Signing up with Palmerbet & Placing Your First Bet – A Step by Step Guide’ section for full details on how to join Palmerbet.

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Live Betting

Rival bookmakers have a leg-up over Palmerbet when it comes to live betting markets. At Palmerbet, you will need to call them in order to place a live bet, just like other Australian bookmakers, but you will not be able to see live odds markets which are visibly displayed at bookmakers such as bet365 and Sportsbet.

Protest Payout

Protest Payout is available on every Australian horse and harness race. This applies to fixed odds bets only. Therefore, if your horse is first past the post but subsequently loses via protest, you will still be paid out a winner. See the Palmerbet website for all promotional terms and conditions.

Racing Money Back Specials

Palmerbet offer money back specials on nominated races. This applies to the first fixed odds win bet on nominated races and does not include each-way bets.
If the horse you back finishes second or third in one of the nominated thoroughbred races, you will receive a bonus bet matching the value of your stake up to a maximum of $50.

Customer Service

The Palmerbet Customer Service team can be reached by email 24/7 or by telephone from 8:00am-6:00pm every day. There is no longer a live chat option with Palmerbet which is one of the downsides of their customer service.

Palmerbet Alternatives

Neds Review

Dabble Review

bet365 Review

To review how Palmerbet stacks up against other top platforms and discover your perfect betting partner, look into our guide where we cover all betting sites in Australia.


FAQs on Palmerbet Bonus Code

Does Palmerbet have a deposit bonus?

No deposit bonuses are only available to existing eligible Palmerbet customers and are allocated at Palmerbet’s sole discretion.

How do I get my free bonus on Palmerbet?

There is no such thing as a ‘free’ bonus with any bookmaker, however, Palmerbet does have a range of bet matches and no deposit bonuses available to existing customers. One such offer is the ‘Second Racing Bet Match’ where customers will receive a matched bet equal to their second racing bet wager up to a maximum of $100.

How do I claim my bonus bet on Palmerbet?

Bonus bets will be added to the user’s account within 24 hours of qualifying and will be available to use on a variety of markets.

How to enter promo code on Palmerbet?

The promo code for Palmerbet is not available due to Australian wagering rules and regulations.

How do you use bonus cash on Palmerbet?

Bonus cash can be used in very much the same way cash is used to place a bet. Users can select a bet and then opt to use bonus cash instead of real cash in their bet slip when placing the bet.

How long does Palmerbet bonus cash last?

Palmerbet bonus cash lasts up to 90 days, and if not used by this time, the bonus will be removed from the customers betting account.


  • Type of Bonus:  Second Racing Bet Match
  • Pros:  100% Australian owned, Nice-looking site with quick and easy bet placement, Second Racing Bet Match
  • Cons:  Not as many sports markets as some rivals