Luxbet sign up bonus and review

Backed by Australia's largest publicly listed wagering corporation, Tabcorp Holdings Limited, Luxbet offers customers a first-class betting experience and some great bonus rewards. They currently offer new players a sign up bonus valued at $250. The offer is for a matched deposit bonus bet. Perhaps best of all, the incentives can be split into bonus bets of $10 denominations. Where other bookmaker welcome bonuses generally call for matching first bet amounts, Luxbet is offering multiples of the first deposit amount.

There are many other reasons why its worthwhile betting with Luxbet. They offer members regular promotions on a range of sports and events, including the Melbourne Cup. They also provide the equal best suite of horse racing bet types for members.

Luxbet logo

250% Deposit bonus

$250

  • Deposit just $100

CLAIM $250

Luxbet's sign up bonus details

  • Enter Luxbet promo code 'AFFLUXBET100' for the $250 bonus
  • Both offers are first deposit bonus bet deal
  • Bonus money can be split into smaller free bets
  • The bonus can be used on any market with odds greater than $1.50

Luxbet review

Luxbet is an Australian online bookmaker. They formed in 2008 and have headquarters in the Northern Territory, where they are also licensed. Luxbet enjoys the backing of corporate powerhouse Tabcorp, yet they remain independent of the TAB. It is a corporate structure similar to that of fellow betting agency CrownBet. It allows Luxbet to compete aggressively for market share, which in turn means that it is able to provide superior bonus bets, regular promotions and the best odds.

Luxbet has, and continues to offer a wagering experience of the highest order. There is nothing not to like about them, they offer: great value sign up bonuses, provide huge weekly bonuses and promotions to their existing customers, offer the best horse racing betting products including Best of the Best. Their sign up bonus, whilst slightly smaller in dollar value, represents far better value than Unibet's sign up bonus. Luxbet doesn't advertise as aggressively in the main media channels if it did, we feel it has the artillery to compete with the likes of Sportsbet, the biggest bookmaker in Australia. The Free Bet Review team highly recommends Luxbet.

Luxbet Rating
  • Sign up bonus - 100
  • Member bonus bet promotions - 90
  • Betting products & bet types - 100

Summary

Luxbet offers members a rare combination of superior first deposit bonuses, weekly betting specials and cash refunds, and industry best betting products.

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Luxbet infographic highlighting bonus and key features of membership

Betting products & promotions

Sport promotions

Like most betting agencies, Luxbet provides a number of promotions for their existing members. Sports like AFL and NRL are well catered for, as major events like the Australian Open tennis. The appealing aspect of Luxbet's promotions, is that many of them are cash-back refunds, as opposed to the bonus bet refunds supplied by William Hill.

Horse racing promotions

Luxbet doesn't miss a beat when it comes to presenting its customers with betting promotions on horse racing meets either. The betting offers can vary from refund for finishing 2nd or 3rd, to receiving a bonus bet if your horse wins, as was the case with their Derby Day promotion.

Best of the Best

Best of the best is simply the best racing bet type offered by bookmakers. Punters receive the higher of the Top Fluctuation (Top Fluc) or the best of 3 totes. You simply won't find a better betting product.

Over time, the 'BOB' product pays off. The graph to right shows the dividends paid by other betting products and shows how the Best of the Best dividend is calculated. Few other bookies offer Best of the Best, Ladbrokes is one that does.

graph explaining why Best of the Best pays higher dividends

Lux Div

Luxdiv is another great horse racing product offered by Luxbet. Luxdiv pays the higher of the official starting price (SP) or the best of 3 totes. A Luxdiv bet can be placed at any time, which makes it a great bet type to use just before the start of a horse race. A good alternative to this product is with betting exchange Betfair, who offer a higher value starting price bet type.

graph showing the Luxdiv dividend

Club Xtra - 12% bonus winnings for owners and trainers

Luxbet also operates an incentive program for industry personnel. If you own, or train a racehorse, you can sign up to their Club Xtra program and receive a bonus 12% bonus on winning dividends. They are the only other betting agency, along with Palmerbet, to offer a bonus for racehorse owners.

Club Xtra members are also free to receive a $250 bonus bet when they register a new account. Those wanting to register for the Club Xtra program should enter the promotional code 'CLUBXTRA1' upon request.

Tabcorp Club extra promotion for owners