123bet Review & Exclusive Code: GOBET500

123bet Rating: 123bet Review by GoBet Use Code: GOBET500 Go to site

What is the 123bet Sign Up Code?

GoBet’s 123bet referral code or affiliate code is GOBET500 and you can apply this code during the signup process at 123bet.

This review assesses the key features of 123bet.com.au, an Australian betting site that opened in December 2024. We’ll cover everything from the odds and payment methods, to its support channels and promotions. 

Whatever you do, don’t confuse it with any other, similarly-named sites. There’s a Filipino casino and a US-based horse racing bookmaker, for instance. But unlike those operators, 123bet is a legal sports betting site in Australia – as you’re about to learn.

123bet at a Glance

A Brief History of 123bet

Owned by Winners Bookmaking Pty Ltd, a company registered with ABN 35 652 847 875 in August 2021, 123bet.com.au officially launched in December 2024.

The parent company owns at least six other sports betting brands – though none are especially well-known – including PuntSport and Betplay.

We were unable to uncover who the people behind Winners Bookmaking Pty Ltd actually are. But we know it’s a legit operation – here’s why.

Is 123bet a Trustworthy Betting Site?

The company is licensed and regulated by both the GWIC (Greyhound Welfare and Integrity Commission) and Liquor & Gaming NSW.

123bet is also a member of the New South Wales Bookmakers’ Co-Operative. This is a reputable and trustworthy association that guarantees you’ll be paid, should a member ever run into financial trouble. 

Watch out, though – there are a couple of overseas operators with similar names, and those platforms aren’t allowed to operate in Australia. This review deals with 123bet.com.au, not the Philippines-licensed casino, or the US-based horse racing site. 

Responsible Gambling

Like all legal and licensed betting sites in Australia, 123bet is part of the BetStop self-exclusion program. But the site also offers responsible gambling tools of its own, which further encourages us to trust it.

Users may configure daily, weekly or monthly betting limits from within their account, along with temporary breaks. Although self-exclusion from this specific site is also an option, you’ll need to contact support to arrange it.

123bet Online Betting Platform Review

There’s a lot to like about 123bet, not least the odds. Whether it’s AFL, NRL or T20 cricket games, most of the country’s favourite sports are competitively priced. 

Win lines for all of the aforementioned competitions are set at 105%, just the same as Australia’s best-priced bookmakers. That includes big names like Crownbet and Sportsbet.

The soccer odds are a little less generous, with 1X2 lines priced around 107% for A-League games. International matches take a slightly higher cut of 7.5%. But this is actually quite good for an Aussie platform – to find better soccer odds, you’d have to look at international brands like Unibet and Pointsbet.

Betting Features

There’s a full horse and greyhound racing product, covering international meetings just as comprehensively as the domestic scene. You can’t stream any of these races, unfortunately – we’d love to see that added in future.

Another feature that’s missing from 123bet is cashout. But you can bet on a handful of esports markets, including League of Legends and Dota 2.

Payment Methods at 123bet 

One of the few downsides to 123bet is the lack of payment methods. As the table shows, you won’t find ewallets like PayPal, or modern options like Apple Pay. These only tend to feature at sites that began life overseas, such as Star Sports and Ladbrokes.

The minimum deposit requirement of $25 is a little on the high side, though it’s not completely unreasonable. But any negative feelings are very much offset by the withdrawal requirement of just $1 – where most Australian betting sites have a minimum $10 withdrawal requirement.

It’s possible to bet on sports from as little as 50 cents, with racing bets starting from $1.

Is There a 123bet Mobile App?

There is a mobile app, but most 123bet punters are using the betting site. The Android software, for example, has so few users that it’s yet to secure an official rating on Google Play. 

Over on the App Store, the iOS version of the app is rated 3.7 out of 5. However, that score comes from just 46 reviews at the time of writing, which isn’t the biggest sample size. It’s a promising start, though – the early feedback is good.

123bet Promo Codes

Next up, this 123bet site review will discuss bonuses and promotions – and there are plenty of them, but you’ll need to log in to your betting account to see if there are any offers available to you. There are no 123bet bonus codes that trigger deposit match offers, though.

If you’re ever prompted to insert a referral or affiliate code, please consider using our GOBET500 code. This is our referral code, which helps keep the site alive, so we can continue providing betting tips and detailed bookmaker reviews.

Customer Support at 123bet 

There are two channels for getting in touch – email and live chat. The latter is undoubtedly your best option, as the agents are much quicker to respond. And, unusually for an Australian betting site, they’re available 24/7. 

Still, if your query is less urgent, and you don’t mind waiting up to 24 hours, emailing support@123bet.com.au is always an option. 

No FAQ but Responsive Live Chat

Something else we noticed when preparing this 123bet site review is the lack of an FAQ page or help centre. Our first thought was to mark it down slightly as a result, but it’s not actually a big deal if you think about it.

So many betting sites and apps down under have terrible help centres that teach you nothing. We’d much prefer to get straight answers from humans than waste time on useless FAQs, or deal with AI chatbots. 

How to Create a 123bet Account

Want to get involved with this Aussie sports betting platform? Here’s how to join:

1. Start by visiting 123bet.com.au in any browser
2. Click the button marked “JOIN NOW!” 
3. Provide your personal and contact details
4. On the same page, set a username and password
5. Read and agree to the terms by ticking the boxes
6. Optional: select “Set a deposit limit” to do just that
7. Finish by hitting “JOIN NOW!” at the bottom of the form

Before you can make your initial deposit, you’ll first need to verify your account. 123bet claims that 90% of users pass the automated process run in conjunction with greenID. But if you’re in the unlucky 10%, you’ll need to provide a copy of ID to the support team.

123bet Review – Final Verdict

With some of the country’s most competitive footy, cricket and rugby odds, 123bet is an obvious choice for many Aussie punters. However, if you’re looking to deposit or withdraw using anything other than Visa, Mastercard or a bank transfer, it’s not the right site for you.

There’s a low minimum bet amount of just $0.50 for sports and $1 for racing, which means everyone’s included. And there are plenty of player protection tools to further promote safe and responsible gambling.

It’s true that 123bet would benefit from the addition of live streams and cashout. But whether you’re using the app or the responsive website, it’s a trustworthy, reliable and user-friendly platform.

123bet FAQs 

Who owns 123bet.com.au?

123bet is an Aussie betting site that’s owned by Winners Bookmaking Pty Ltd, registered with ABN 35 652 847 875. It’s not to be confused with the US racebook or PAGCOR-licensed casino, both of which have similar names.

How do I download and install the 123bet betting app?

There are two buttons found towards the bottom of the 123bet.com.au website. To install the Android version of the 123bet sports betting app, click “Get it on Google Play”. Alternatively, if you have an Apple device, use “Download on the App Store”. 

What is the 123bet welcome bonus code?

123bet doesn’t require a special promo code to join. Just register a new account and log in. Then just check the “Promotions” tab to see if there are any promotions available to you. 

Does 123bet have any bonuses and promotions?

Yes. There is a range of promotions available to existing 123bet account holders, but you’ll have to log in to your account to see what’s available to you. 

Is there a 123bet friend referral code?

No. 123bet doesn’t have a referral program, so you won’t find a bonus code. However, if you’re ever prompted to insert such a code, please use GOBET500. There’s no bonus involved, but it helps support the work we do.

How do I reset my 123bet login and password?

Click “Log In” on the 123bet.com.au homepage, followed by the “Forgot Password?” link. Enter the email address used to create the account, then press “Reset your password”. Check your email inbox for further instructions.

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