MidasBet Vs Betfair Aus - In-Depth Betting Site Comparison

By Jake McEvoy

21 Jun 2023

Jake McEvoy 21 Jun 2023

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It doesn’t get much harder than this for MidasBet, coming up against one if the world’s oldest and most popular betting sites in Betfair Australia, but it’ll be interesting to see the result of this episode of the Battle of the Bookies.

MidasBet is among Australia’s newest betting platforms, offering a simple way to place bets on all three racing codes and a variety of popular sports.

The Betfair Exchange does things a little differently and while they can always offer the best odds on the market, they sometimes fail to perform in some of the basics.

Let’s see which of these two betting services can earn the most points in the 12 rounds we have lined up for them.

MidasBet vs Betfair Aus Comparison

The best method to choose between these two Australian bookmakers is to look at how they stack up across the 12 essential features of a sports and racing betting website.

To guarantee that no bookmaker has an unfair edge, we've been comparing them all using the same 12 criteria throughout this series.

Our 12 criteria are as follows:

Odds Value: If the odds and pricing for horse races and sports betting are more favourable, we can afford to bet more and spend more time doing so. The site that offers the best value will win this first round.

Available Markets: The greater the variety of sports available, the more satisfied the average client will be. However, a wide variety of betting options for each sport is necessary, too.

Betting Features: In this area, we'll highlight the sportsbooks that go above and above by offering a broad range of innovative betting features.

Betting App: Bookmakers who go beyond mobile compatibility and provide specialised betting apps will be given preference here.

VIP Program: Because loyalty programs are so uncommon among Australian bookmakers, the ones who provide them have a good chance of winning this category.

Safety & Security: All of your account creation information, including your name, email address, and password, should be encrypted. If your data were to get into the wrong hands, this security procedure would render it illegible.

Payment Methods: The best betting site for us will be the one that gives us the most options for safe depositing and withdrawing money.

Live Betting & Live Streaming: We're looking for sportsbooks that go above and above by providing in-play betting markets and live streaming services.

Customer Support: Services that make us feel like we're talking to a robot or that are otherwise difficult to get in touch with will not get high marks from us.

Promotions: Although we cannot disclose specific bonuses, we can tell you which of our two betting sites is the better option based on this category.

Licensing and Regulation: All genuine Australian betting sites must have valid licences issued by government agencies. Here you'll find information on which agencies have issued licences to each of our rivals.

Responsible Gambling Practices: The bookmakers you're putting your time and money into should provide top priority to your safety. Because of this, they must do all in their power to protect their consumers from falling prey to addiction.

Our Verdict: MidasBet vs Betfair Aus

Now that you know why we're using these 12 criteria to evaluate bookmakers in our Battle of the Bookies series, we can show you the final results.

The 12 round winners are as follows:

Best Betting Odds: Betfair Australia.
Available Markets: Betfair Australia.
Best Features: Betfair Australia.
Mobile App: Draw.
VIP Program: MidasBet.
Safety and Security: Draw.
Deposit and Withdrawal Options: Betfair Australia.
Live Betting and Live Streaming: Betfair Australia.
Customer Service: MidasBet.
Safer Gambling: Draw.
Licensing and regulation: Draw.
Best offers: Draw.

It’s not a huge surprise that Betfair Australia has managed to come out on top in most of the categories here, given that they’ve been active for so much longer.

It will be interesting to see how MidasBet looks after it has had as much time, but, for now, it’s Betfair Australia that wins this edition of the Battle of the Bookies with 5 points to MidasBet’s 2.

MidasBet Pros & Cons

Prominent racing markets.

Popular sports.

Secure payment methods.

Live chat feature.

No live streaming.

No Esports.

No application.

Betfair Aus Pros & Cons

Better odds than most of its competitors.

Valuable insight is available with the “The Hub” feature.

Over 1,000,000 other customers worldwide waiting to match your bet 24/7.

'In-Play' betting.

'Trading' is available to lock in a profit on all possible outcomes.

Hard to use for first-time bettors.

The exchange feature might be too complicated for some punters.

Comparing MidasBet vs Betfair Aus Betting Odds

Because of the Exchange-style betting experience, Betfair Australia is able to offer better odds than any standard betting site.

What Markets Are Available at MidasBet vs Betfair Aus

Betfair Australia offers gamblers 26 options as opposed to MidasBet's limited selection of 16 sports.

Which Sportsbook Offers the Best Features?

While MidasBet does offer some interesting racing features, the platform simply does not compete in this category with the Betfair Exchange, which offers a dedicated results section, The HUB, Betfair LIVE and more.

Does MidasBet vs Betfair Aus Have the Mobile Betting App?

MidasBet and Betfair both offer betting applications where punters can achieve anything they would want to achieve on the main site, from depositing funds to placing bets.

MidasBet vs Betfair Aus VIP Program Comparison

MidasBet doesn’t have a full VIP program, but it does offer points for wagering which can eventually be redeemed. Betfair, on the other hand, has nothing of the sort.

MidasBet vs Betfair Aus Safety and Security

MidasBet and Betfair Australia both use modern encryption techniques to protect your sensitive data from those that may be trying to get hold of it.

Comparing Deposit and Withdrawal Options

Unfortunately, there are only three payment options to choose from at MidasBet, which include Visa, MasterCard and POLi.

The selection is much greater at Betfair, where clients can choose from PayPal, Osko, BPay, Skrill and Neteller in addition to POLi, Visa and MasterCard.

Live Betting and Streaming Options: MidasBet vs Betfair Aus

MidasBet has yet to add any kind of live betting features. Betfair customers have access to both in-play betting markets and a live streaming feature, though.

Comparing MidasBet vs Betfair Aus Customer Service

In this section, there are a few details we look for. These include contact methods, how fast responses are, how informative the responses are and how friendly the team is.

Both MidasBet and Betfair have great customer service teams, but the clincher here for MidasBet is how personal and friendly the responses were.

Where Do MidasBet vs Betfair Aus Stand on Safer Gambling

MidasBet and Betfair Australia both seem very competent with their stance on safe gambling. Each offers valuable information and helpful tools.

Where Are MidasBet vs Betfair Aus Licensed and Regulated?

MidasBet is licensed in the State of New South Wales by GWIC and regulated by Liquor and Gaming NSW.

Betfair Pty Limited operates under a licence issued by the Australian government's Northern Territory. The company is committed to ensuring that all of its gaming activities adhere to the highest standards of social responsibility, and this includes adhering to the South Australian Responsible Gambling Code of Practice for South Australian citizens.

Does MidasBet vs Betfair Aus Have The Best Offers?

MidasBet and Betfair are both very generous with the promotions they offer their customers. To find out exactly which promotions are available on each site, you will need to create an account with them.

MidasBet vs Betfair Aus FAQs

Can you have both a Betfair Aus and MidasBet account?

There is no limit to the number of betting sites that Australian bettors can sign up with.

Which Bookmaker has been around longer?

MidasBet has only been operating since 2022, making Betfair the much older betting site between the two.

Do both bookmakers have mobile apps?

MidasBet and Betfair both offer mobile applications for Android and iOS smartphones and tablets.

Which betting site offers the better odds - Betfair Aus or MidasBet?

Because it is a Betting Exchange, you are able to find much better odds at Betfair Australia than you might be able to at MidasBet.

Do Betfair Aus and MidasBet allow for live betting?

MidasBet does not offer any live streaming or live betting features, however Betfair does, allowing you to bet on the action as it unfolds.

Who offers the better customer service, Betfair Aus or MidasBet?

MidasBet and Betfair Australia both offer great customer service whenever it is required, however we always prefer the more personalised approach taken by smaller betting sites like MidasBet.

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