MidasBet Review

MidasBet launched in 2022 and uses the Generation Web betting platform. There are plenty of positives and negatives about MidasBet, and overall, they landed a 3.5/5 star rating.

MidasBet's Tote prices can be excellent, but there fixed odds leave a bit to be desired and most of the time they couldn’t match it with the bigger bookies. An example is at Dubbo, where Sportsbet had the favourite Libby Keeping at $2.15 and second elect Triple Emu at $6.50. MidasBet offered $2.00 for Libby Keeping and $5.00 for Triple Emu. So, if you are a punter who values getting the best price, then it's best to look elsewhere, like JuicyBet or Dabble.

The range of promotions on offer from MidasBet is great. They offer money back for 2nd and sometimes 3rd on select races and keep the perks coming. Loyal punters are looked after, and they even have their own reward system where one can earn points for every bet they place. These can be cashed in for bonus bets. A very rare but nice touch from MidasBet that isn’t offered across many other bookies.

MidasBet's depth of sports markets are solid with 14-15 different sports to chose from including NRL and AFL futures. MidasBet's sports odds are nothing to rave about, and you can generally expect to be getting slightly less for sports than what major bookies can offer.

One irritating aspect of MidasBet is that the font is difficult to read and makes your eyes go blurry. The website is also difficult to navigate. The set-up is odd with the racing and sport headers off to the corner in smaller text. You have to spend some time navigating around before you find everything.

MidasBet offer nothing in terms of tips or analysis, an area they could certainly improve on. They could work on a revamp of the fonts, colour scheme and layout of the app and website.

Deposit options are just fair with PAYID & Debit Card on offer. Withdrawals are processed at 11am Monday to Friday, but these aren’t OSKO, so expect to wait up to 24-48 hours to receive your funds. Live chat hours are 8am-10pm daily, and customer service is fast to reply.

Overall, MidasBet do need a revamp, and the odds are just fair, but the promos are very good and the rewards system is a nice and unique touch. There is good potential there for them as a bookmaker, and with some tweaks, they can rise to the top. 3.4/5 stars.

We actually thought that the MidasBet App was pretty hard to use. The font is thin and one we have never seen before. This was hard to read and made our eyes go blurry. We also thought that the website was difficult to navigate.

MidasBet offers plenty of quality promos including money back for 2nd and even 3rd. Loyal punters are looked after, and they have a loyalty reward system that incentivises using their platform. It's not often that you find so many of these offers so we really appreciate that.

Withdrawals are processed at 11am Monday to Friday, but these aren’t done with OSKO so you may need to wait between 24 and 48 hours to receive your funds.

MidasBet's sports selection is quite okay with up to 15 different sports codes and even futures options for the biggest sports. For racing, you can expect all the meetings that TAB offer, both locally and internationally.

MidasBet doesn't have tips or racing analysis.

MidasBet does not offer live streaming or betting.

As a general rule, MidasBet's odds are slightly below the major corporates. This goes for both racing and sports.

MidasBet only has PAYID & Debit Card on offer for deposits.

MidasBets live chat hours are 8am-10pm daily, and customer service is quick to reply.