Pros and Cons
- Australian owned and operated
- Easy to use website and app
- Several decades of bookmaking experience
- Easy sign up
- Simple deposit options
- No live betting (yet)
- Not as many sporting market options compared to rivals
- Social media prescence could be stronger
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TexBet has been in business for over 50 years but in the last couple of years has gone online with the BetMakers technology, which is fast becoming the number one way to set up being an online bookmaker.
TexBet was found by Terry O’Shea back in 1973. It was launched at Tamworth in New South Wales and he’s regarded as one of the more respected and liked bookmakers in the industry. With his son Wade, they went online during Covid in 2020 and have been quite successful since going in that direction, with advertisements for them popping up everywhere online.
Why Are TexBet Popular?
One thing that helps separate them from most is the fact they provide live vision. It’s not at the level of the likes of Ladbrokes and Bet365, but they still have it, unlike most new online bookmakers, so they get a tick in that regard.
The O’Shea boys are based in Tamworth so they are Australian owned and operated. In recent months there has been a real battle emerge between TAB and the major corporates, with a fight for punters money to stay in Australia. That is certainly the case with TexBet.
Why We Like TexBet
Their customer service is one of the more efficient. They have live chat, email and phone to contact. Best option is live chat given the quick response time, which can’t be said about some of the other online bookies.
Some of these online bookmakers are barely seen online. Social media is king these days and TexBet are aware of that, having a strong social media presence, notably on Facebook where their ads pop up quite often.
Given there is over 60 years of betting experience from the O’Shea boys, they intimately know the Australian racing market and industry, so when they price their markets, it’s with detailed knowledge and intel, unlike some other online bookies that just copy/paste from elsewhere.
Why We Don’t Like TexBet
Given they do have a phone number, it would seem ideal to have live betting on sports but as of yet, that is not the case. Given major Australian sports like Rugby League, AFL and Cricket are popular with live betting punters, this is something that should be explored in the not too distant future.
Their racing markets are strong, and understandably so given the experience of the O’Shea boys. What they lack, big time, is sporting markets. You see the big bookies like Sportsbet and TAB have 150+ markets on certain sporting events. TexBet barely has 15, which is a very poor and low number.
Same Game Multi is fast becoming the most popular betting option for sport and that is something lacking with TexBet. Given their experience, their focus is on racing, and it seems sport is somewhat neglected. If they added this betting option with more focus and purpose, their business would improve furthermore.
6 Reasons To Bet With TexBet
1. Strong Fixed Odds Racing Prices
This is their wheel house, horse racing, and with their experience and knowledge, they will price races and runners accordingly based on their opinion, not just copy/paste from other bookies. If they think a runner is worth risking, they will bet just about top odds on that runner.
2. Promotions
Despite the lack of sporting markets, they still have promotions on certain sports to go with their racing promotions, which stack up pretty well relative to their rivals. Bonus bets/bonus cash back are what entices punters and they are pretty good in this department.
3. Easy Sign Up/Verification
Some bookies make you want to join the circus with the amount of hoops involved in order to sign up and verify your account. Thankfully TexBet isn’t one of them. It’s a very simple sign up/verification process that only takes a few minutes and then you’ll be ready to have a bet.
4. Race Info
This is a market leader in terms of new online bookmakers. For selected race meetings, they provide in depth race form, tips for meetings as well as speed maps. Speed maps are regarded as the most importing punting tool in order to find a winner and that is something rarely seen from rivals.
5. Slick Website/App
The BetMakers technology is very good and simple to use for punters. It’s easy to navigate the website to try and find what you want, whether it be a market or a promotion. The other big plus is the next race ticker at the top of the website, making it very easy to find a market to bet on.
6. Deposit/Withdrawl Options
Some online bookies are limited when it comes to depositing and withdrawing, but TexBet have several good options on both fronts, so that is a massive positive for them. It’s easy to do both and the waiting time for a withdrawal to be done is pretty relative to their rivals.
