MidasBet Vs Palmerbet - In-Depth Betting Site Comparison

By Jake McEvoy

21 Jun 2023

Jake McEvoy 21 Jun 2023

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In this next edition of the Battle of the Bookies, we’ll be comparing two Australian betting sites that have attracted a lot of attention in recent years.

MidasBet, which was established in 2022, is one of the freshest faces in the Australian betting market. It hasn’t scored too high in our reviews but covers all of the basics very well.

Palmerbet has been around for nearly a decade longer and it shows. They’re clearly superior to their rivals in several categories, but do they do all the basics as well as MidasBet do?

In this head-to-head comparison, we’ll compare these two bookies in 12 key areas to see which one is more worthy of your time and money.

MidasBet vs Palmerbet Comparison

To ensure none of our bookies has an advantage in this series, we always use the very same 12 criteria to compare them. This means that we can’t accidentally choose a smaller selection of categories that better suit a particular bookmaker.

Here are the 12 areas we compare these bookies in, as well as a short explanation as to why we think they are important:

Odds Value: The price we get for the bets we place is clearly critical. In fact, it may be the most essential element on our list, which is why we look at it first when comparing two bookies.

Available Markets: In this part, we examine how many sports are available for wagering on each site. Then, we look at how many betting markets are accessible, since no one wants to wager just on winners and goalscorers.

Betting Features: This category includes several components, such as racing features like tips and form guides, as well as sports features like Cashout and Bet Builders. We hunt for sites that provide their consumers with the most interesting betting features.

Betting App: Most Australians prefer to gamble on the go these days, so we ensure that all of the sites we compare have a dedicated mobile application to offer their clients.

VIP Program: VIP programs are more often found on casino sites throughout the globe, but certain sports betting companies in Australia have adopted this idea and altered it to suit the Aussie gambler as well. These are the bookies that are most likely to win this section.

Safety & Security: Whatever you're doing online, internet security is critical. It is as critical as ever while gaming and transferring sensitive data. We ensure that all of the sites we compare use contemporary encryption security.

Payment Methods: There are several payment options that we've become used to seeing at Australian betting sites, but there are many more. The site that provides the greatest number of secure payment choices is the one that wins this round.

Live Betting & Live Streaming: Because modern technology allows for in-play betting and live-streaming services, a site that has yet to add such capabilities will not receive a point in this round.

Customer Support: You may not realise it, but customer service quality is vital. If you've ever had a problem with a betting account, you'll understand the importance of having a customer support staff that is simple to reach, quick to reply, and knowledgeable in general. These are the characteristics we look for when comparing betting sites.

Promotions: It would be unlawful for us to specify the promotions offered on each of the sites we're assessing, but we'd be pleased to tell you which service we'd select if this was our main priority.

Licensing and Regulation: You can trust a betting site that has been licenced and controlled by certain authorities. We ensure that each website we compare is trustworthy, and since we would never promote an untrustworthy website, this area is generally a tie.

Responsible Gambling Practices: If you've ever spent time on a betting site, you've probably spotted a "Responsible Gambling Policy" at the bottom of the page. We ensure that each site we evaluate includes one of these, as well as features such as deposit restrictions to assist vulnerable users.

Our Verdict: MidasBet vs Palmerbet

Before we go into why each point was granted to each site, we'll show our overall findings so you may start enrolling as soon as is practical.

Here are the results for each of the twelve areas in which we compare our two Australian betting sites.

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

And the final scores are in, with four points going to Palmerbet, one point going to MidasBet and seven draws in total.

As a result, it’s Palmerbet that will be crowned the winner in this edition of the Battle of the Bookies against MidasBet.

MidasBet Pros & Cons

Prominent racing markets.

Popular sports.

Secure payment methods.

Live chat feature.

No live streaming.

No Esports.

Palmerbet Pros & Cons

Great range of sports.

Several decent racing features.

Esports markets.

Dedicated application.

No racing tips.

Dated design.

No live chat feature.

Comparing MidasBet vs Palmerbet Betting Odds

With so much competition in the Australian betting industry, it’s rare that we see a betting which offers significantly better value than its competitors.

This is certainly the case with MidasBet and Palmerbet, so no points will be awarded in this first round of the bout.

What Markets Are Available at MidasBet vs Palmerbet

MidasBet doesn’t offer many sports to choose from but all of the most popular options are certainly covered. There are just 15 in total.

The list of sports at Palmerbet is pleasantly surprising, with 23 to choose from, which is above average in the Australian market.

Which Sportsbook Offers the Best Features?

MidasBet has disappointed us in the past in the betting features category, so it comes as no surprise that yet another bookie has been able to brush them aside here.

Does MidasBet vs Palmerbet Have the Mobile Betting App?

Whether you choose to register with MidasBet, Palmerbet or both, you’ll be able to use either service on your favourite mobile device thanks to their dedicated mobile applications.

MidasBet vs Palmerbet VIP Program Comparison

Neither MidasBet nor Palmerbet has a VIP program to offer its customers, meaning repeat customers are not given any special treatment over regular customers that only stop by occasionally.

MidasBet vs Palmerbet Safety and Security

If you’re taking your online security as seriously as you should be, you’ll be pleased to hear that both of these two platforms use cutting-edge encryption technology to protect your data from those that could be trying to get hold of it.

Comparing Deposit and Withdrawal Options

Your only few options for deposits and withdrawals at MidasBet are Visa, MasterCard and POLi. Palmerbet, on the other hand, allows its customers to use BPay, PayPal, PayID and Bank Transfer in addition to those offered by MidasBet.

Live Betting and Streaming Options: MidasBet vs Palmerbet

If you’re a fan of live betting through in-play betting markets and live streaming, you’ll be wanting to look elsewhere. Neither of these two betting services offers any kind of live betting experience.

Comparing MidasBet vs Palmerbet Customer Service

MidasBet is the only service between these two that offers a live chat feature, which is by far the best way to get the fastest help from customer services when you need it.

Palmerbet customers will need to choose between email or telephone when they need help, which can prove to be far from efficient.

Where Do MidasBet vs Palmerbet Stand on Safer Gambling

MidasBet and Palmerbet both take the welfare of their customers very seriously, which is proven by the implementation of safer gambling tools and information that can be found in the Responsible Gambling Policy.

Where Are MidasBet vs Palmerbet Licensed and Regulated?

In the state of New South Wales, MidasBet Pty Ltd has been granted a licence by the GWIC, and it is regulated by the Liquor and Gaming NSW.

Palmerbet has licences issued by Racing NSW and OLGR, and the NSW Bookmakers Co-operative provides financial backing for the company.

Does MidasBet vs Palmerbet Have The Best Offers?

If we were to choose one of these bookies based purely on the offer they have available to registered customers, we’d pick Palmerbet.

MidasBet vs Palmerbet FAQs

Can you have both a Palmerbet and MidasBet account?

Australian citizens can have accounts with both Palmerbet and MidasBet.

Which Bookmaker has been around longer?

Palmerbet has been around for almost ten years longer than MidasBet.

Do both bookmakers have mobile apps?

MidasBet and Palmerbet both have dedicated mobile applications.

Which betting site offers the better odds - Palmerbet or MidasBet?

The odds being offered by Palmerbet and MidasBet

Do Palmerbet and MidasBet allow for live betting?

No live betting features are available at either Palmerbet or MidasBet for now.

Who offers the better customer service, Palmerbet or MidasBet?

The customer service quality of both of these sites is great, however the point in this section was awarded to MidasBet for their Live Chat feature.

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