Palmerbet sign up bonus and review

New to the Australian online bookmaking scene, Palmerbet is a name that has been synonymous with Sydney horse racing for the best part of 40 years. Now operating as a fully functioning online betting agency, Palmerbet is attracting new members by offering some great value with their sign up bonus and everyday betting products.

New members that sign up with the Sydney based bookmaker can receive a free betting bonus to the value of $500. Palmerbet will match the first deposit made by a new customer with an equivalent valued bonus bet. This is a matched deposit offer and is competitive when compared to the sign up bonuses offered by other Australian betting sites.

Palmerbet logo

Palmerbet new account bonus


  • 100% Matched deposit

Claim $500

How to retrieve your bonus from Palmerbet

  • Register a new account by clicking right here.
  • Complete the registration process
  • A first deposit of $500 will entitle you to free bets worth $500
  • Enter the Palmerbet bonus code 'MAXCASH'
  • Enjoy betting with your bonus!

Palmerbet review was launched as an online business in 2013 by brothers Grant, Matthew and Adrian. Previously, Grant Palmer took bets as an on-course bookmaker at Sydney race venues. Indeed the family has a history of bookmaking as their grandfather Ted worked for many years in and around the betting rings of New South Wales.

Whilst the business is still in its formative years, the numbers are already quite impressive. Palmerbet achieved turnover in their first full year of operation up around the $100 million mark. The early success of Palmerbet can be explained by a number of factors. Firstly, and what is likely to be a major incentive for potential customers is that Palmerbet won't stop winning punters from betting. Most of the large Australian bookmakers will block accounts that are winning large sums of money. Secondly, the family bookmaker offers a sign up incentive to new customers of $500 which comes in the form of a free bet. Perhaps the defining reason that we would recommend Palmerbet to recreational sports goers, is that they deliver great value to their members with their long-running sports and horse racing promotions. Finally, their horse racing bet types rival those offered by Luxbet, and are the equal of any bookmaker in Australia.

With a directive to accept large bets from winning punters, offers of bonus bets, promotions to new and existing members, combined with their betting products; it's without hesitation that we recommend Palmerbet to new customers.

Palmerbet Rating
  • Sign up bonus - 100
  • Betting promotions - 80
  • Bet types - 100


Palmerbet have the distinction of being a 100% Australian owned betting company. All parochialism aside, they offer great betting products, promotions and bonuses to new members.


Palmerbet review infographic

Promotions and betting products

Weekly member promotions

Palmerbet is particularly active when it comes to offering promotions for members. Most promotions are in the form of a bonus bet refunds, and they cover a wide range of sports and major events. Most notable, are Palmerbet's AFL betting offers and bonuses, and horse racing refunds. Whilst Palmerbet isn't as competitive as some of the major betting sites, like Sportsbet, they do offer a good variety and number of bonuses each week.

Best of the Best for horse racing

Fans of Australian horse racing will be excited to hear that Palmerbet offers the Best of the Best product on Saturday metropolitan meets. This great value horse racing bet type pays out the higher of the 3 totes or the official bookmakers' top fluctuation. The bet type is particularly useful when betting on longer priced selections. It's a product that is not offered by every bookie, is another agency that offers best of the best.

best of the best offered by Palmerbet

Palmerbet refer a friend program

It use to be commonplace that bookmakers would offer a refer-a-friend incentive to existing members in a bid to entice new customers. The promotion is not so popular these days, although William Hill offers a similar bonus, so it's definitely worthy of mention when a bookmaker does offer the program. Palmerbet will provide a free bonus bet to the value of $50 if an existing customer refers a new player to the bookmaker.

Owners Bonus Scheme

Palmerbet offers clients who own a racehorse an additional bonus when placing a bet on their own horse. They offer Best of the Best betting for all owners. However, where it is normally capped at a maximum of $250, Palmerbet will payout Best of the Best winnings up to a total of $50,000 on metropolitan race meets! For non-metro meets the maximum payout is $20,000. Given that BOB prices can often vary significantly in favour of the punter, the bonus scheme can potentially add great value for racehorse owners.

horse racing ownership bonus scheme

Mobile Betting Options

Mobile betting with Palmerbet is quick and easy. The website responds to all viewing devices but is particularly efficient for browsers using mobile phones. The Palmerbet App is available to download and features all of the main functions of the website on one easy to use mobile platform.

Palmerbet Contact Details and Customer Service

Palmerbet can be contacted via phone between the hours of 8am and 6pm Monday to Saturday. An online service is available for members via email at anytime during the day. Palmerbet is based in Sydney, N.S.W. and can be reached via the following channels:

  • email:
  • Telephone help: 1300 12HELP
  • Phone betting: 1300 123BET
  • Postal address: PO Box 1036, Cronulla, NSW 2230