WellBet Review by GoBet
Use Code: GOBET50
What is the WellBet Sign Up Code?
GoBet’s WellBet referral code or affiliate code is GOBET50 and you can apply this code during the sign-up process at WellBet.
WellBet Review
This WellBet review takes a detailed look at a betting site that’s built on the BetCloud platform. It’s a legal, licensed and Aussie-owned bookmaker that’s been around since 2023 – but is it worth joining?
This guide compares the odds, withdrawal times and mobile app to other leading Australian betting sites, so you can decide for yourself.
WellBet at a Glance
| Launched | 2023 |
| License | Victorian Gambling and Casino Control Commission |
| Number of Sports | 15+ |
| Horse Racing | Yes |
| Greyhound Racing | Yes |
| Esports | No |
| Live Streams | No |
| Cashout | Yes |
| Multi Builder | Yes |
| Mobile App | Yes App Store: 4.0* Google Play: 4.5* |
| Minimum Deposit | $10 |
| Minimum Withdrawal | $10 |
| Withdrawal Times | 24 to 72 hours |
| Customer Support | Live chat: 10am to 10pm Email: service@wellbet.com.au |
A Brief History of WellBet
WellBet Pty Ltd is the owner of this online betting platform. It’s a private company that was registered in April 2022, with ABN 99 658 541 194.
Unfortunately, that’s about as much as we know – there’s no public information about the people involved in running the Victoria-based operation.
The wellbet.com.au website didn’t actually launch until 2023.
Pros
Licensed Aussie-owned bookie Fairly competitive sports odds Excellent Android mobile app Early cashout for sports betsCons
Hardly any payment methods No live horse or dog streamingIs WellBet a Trustworthy Betting Site?
Most definitely. WellBet is licensed and regulated by the Victorian Gambling and Casino Control Commission, as well as Racing Victoria Limited. It’s also a full member of the Victorian Bookmakers’ Association.
WellBet’s operations comply with various industry standards, including the ACMA and South Australian Codes of Practice, plus the VBA’s Responsible Gambling Code of Conduct. As such, you’ll find several player protection tools available if you need them, like daily limits and self-exclusion.
The WellBet website employs strict geoblocking and identity checks to prevent unauthorised use. Naturally, as a regulated bookie, it also promotes BetStop, Australia’s nationwide self-exclusion program.
WellBet Online Betting Platform Review
Like ChromaBet and EpicOdds, WellBet uses infrastructure provided by BetCloud. Both the website and mobile app are easy to navigate, with fast loading times and an intuitive design. That opinion is based on our experience, but it’s a view that’s replicated in most of the reviews you’ll find online.
Although you can’t view live streams of racing or other sports, it does offer an early cashout facility on selected markets. This isn’t a common feature among Australian sites, so that’s good to see.
Reasonable NRL Odds
The odds at WellBet are bets described as adequate. They’re never going to be the best price in the market, but they’re far from the worst. As a general rule, WellBet’s odds are usually somewhere in the middle.
NRL win lines, for example, are priced at 106%. The lowest margin you’ll see in Australia is 105% – that’s the figure used by popular sites like Sportsbet, BearBet and bet365. And low bookmaker margins produce bigger odds for us punters.
106% is fairly competitive – it’s the same as Ladbrokes, Neds and Betr. It’s just not the best available.
Average Prices
You can say the same about most sports at WellBet. AFL win lines are priced to 107%, which is distinctly average – it’s in line with most of the smaller bookies in the country. The big boys all bet to 105% or 106%.
Most of the T20 cricket win lines, such as the IPL, are 107.5%. Again, these odds can’t compete with the best-known sites, but they’re better than smaller operators like TradieBET or NinjaBet.
Strong Market Coverage
Something WellBet has in its favour, is the depth of coverage. Pick a random AFL game, for instance, and you might find upwards of 450 betting opportunities. That’s bet365 levels of coverage, and nearly twice as many as you’d see at a reputable site like Neds.
Payment Methods at WellBet
Although WellBet has plenty going for it, one criticism is the limited choice of payment methods. You can deposit via debit card, PayID and bank transfer, just don’t expect to find PayPal, Apple Pay or any other alternatives.
| Payment Method | Deposit | Withdrawal |
| Debit Card | ✅ | ❌ |
| PayID | ✅ | ❌ |
| Bank Transfer | ✅ | ✅ |
As you can see from the table, payouts are only processed by EFT bank transfer. They’re generally pretty quick, though – it’s common for the money to hit your account within a day, and you’ll rarely wait 48 hours.
The minimum deposit and withdrawal amounts are fair – both are just $10. You won’t be charged extra transaction fees.
Is There a WellBet Mobile App?
Yes, there’s a WellBet sports betting app for Android and Apple devices. Both are well-regarded by users, but the Android version is among the highest-rated in the country. It scores 4.5 out of 5 on Google Play.
Compare that to Cash Cage, for example, which has a 3.9 rating. Even bet365 and Sportsbet, two of the best-known bookies in the country, only just edge it out, with scores of 4.7 and 4.6, respectively.
Its Apple counterpart has a bit of work to do, currently rated 4.0 out of 5 in the App Store. Still, most of the positive reviews praise it for being easy to use, with an intuitive layout and a good selection of markets.
WellBet Promo Codes
What about bonuses and promotions at WellBet? Well, like most Aussie bookmakers, these are limited. You certainly don’t get any kind of a welcome package, for instance, due to the strict regulations preventing this type of offer.
Existing users occasionally benefit from a range of ongoing promotions, but you’ll have to log in to see what’s available in that regard.
Our Referral Code: GOBET50
Any WellBet bonus codes you think you’ve seen are actually affiliate referral codes. You can use them when signing up, but sadly, you won’t get a bonus. We have the National Consumer Protection Framework to thank for that.
Regardless, please consider using GoBet’s referral code GOBET50, as it helps to support the site. If you ever got a winning tip, or found a site review useful, it’s the best way to thank us.
Customer Support at WellBet
We can’t finish our WellBet betting site review without mentioning the customer support channels. You only really have two options – email (service@wellbet.com.au) and live chat. The latter is open from 10am to 10pm every day.
Although there’s a telephone number, it’s reserved for responsible gambling issues. If you need to close your account, self-exclude or configure deposit limits, the number to call is (03) 7044 0636.
How to Create a WellBet Account
Before concluding this WellBet site review, let’s run through how to register a new account. Make sure you have a government-issued ID to hand, as you’ll be prompted to verify these details immediately after signing up.
Here’s what to do:
- Head to wellbet.com.au by clicking a link in this review
- Use the “SIGN UP” button near the top of the page
- Complete the registration form with your personal info
- Please include our referral code GOBET50 if prompted
- Read and agree to the site’s terms and conditions
- Click “CREATE MY ACCOUNT” to start the ID verification
- Follow the on-screen prompts to verify your identity
WellBet Review – Final Verdict
Although there are betting sites with superior odds, WellBet still represents a solid choice – especially for anyone new to punting. Whether you prefer the excellent mobile app, or the fully responsive website, both are extremely user-friendly options.
WellBet offers more betting opportunities than most when it comes to the country’s favourite sports. It’s one of the few Aussie-owned bookies to offer early cashout, and they usually pay withdrawals inside 24 hours.
WellBet FAQs
Who owns WellBet?
This online bookmaker is owned by WellBet Pty Ltd, a private company founded in Victoria back in April 2022. It’s not clear which individuals are involved in the running of this business. The company appears on the Australian Business Register under ABN ACN 658 541 194.
How do I download and install the WellBet betting app?
There are two ways to set up the WellBet sports betting app. Either visit the relevant online marketplace directly, or use the buttons at the bottom of the wellbet.com.au homepage. Android smartphones and tablets need Google Play, and it’s the App Store for Apple devices.
What is the WellBet welcome bonus code?
Due to strict online betting regulations, there isn’t a WellBet promo code for new registrants. Aussie bookmakers aren’t allowed to induce bets, so this type of sign up bonus is no longer permitted.
Does WellBet have any bonuses and promotions?
Yes. There are some basic site-wide promotions for existing WellBet account holders, as well as personally-tailored promotions based on their recent account activity.
Is there a WellBet friend referral code?
No, there isn’t a WellBet referral bonus, so you won’t find a code like that. There are some affiliate referral codes, though – ours is GOBET50. Using this won’t get you any kind of a reward, but it does support the site, so we can keep writing reviews and providing tips.
How do I reset my WellBet login and password?
Hit the “LOG IN” button in the top-right corner of the wellbet.com.au homepage. To regain access to your account, click the link and follow the on-screen instructions.
