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UPDATE: September 2017

Unfortunately, Palmerbet decided to end their partnership with for no particular reason and refuse to provide an explanation or even reply to our emails. If this is the way they deal with 3rd party review sites then I assume their service to paying customers can’t be much better. We would recommend not wasting your time with Palmerbet and instead using one of the big corporate bookmakers that offer exciting products, check out our reviews of William Hill, CrownBet and Sportsbet to learn more.

Palmerbet Bonus Bet – $500 First Deposit Bonus

Palmerbet $500 Bonus Bet Review
4.8 Our Score
Users 0 (0 votes)

Excellent racing bookmaker
100% Australian owned
Higher turnover requirements than competition
May be limited to racing markets
Palmerbet is a great option for bettors who want to punt with a 100% Australian owed bookie. Their deposit bonus is generous but they do have slightly harsher turnover requirements than the competition. If you are looking for an excellent, fast, trustworthy bookie - look no further than Palmerbet.
Bonus Bet Value0
Turnover Requirements6.5
Bonus Flexibility (Splitting Bets, Markets etc)8

palmerbet-200x60 Palmerbet Bonus BetPalmerbet is a 100% Australian owned and operated bookmaker,  they operate out of the Canterbury Racecourse and have a rich history of bookmaking on the Rails at Sydney Metropolitan races.  If you want a more holistic review of Palmerbet, please click here to go to our Palmerbet review.

We’ve had a closer look at their sign up bonus offer, and want to provide you with the most comprehensive information page on what to expect when signing up for a Palmerbet bonus bet.

This is a no-nonsense, objective look at what they have to offer. We’ll be going over who the bonus bet is restricted to, turn over requirements, and any other terms and conditions attached to this Palmerbet bonus bet.

If you don’t have time to read the entire spiel (I’ve tried to be very thorough for those who want it), check out the table below which has the key points. Scroll down further for more information.

Palmerbet Bonus Bet Summary

Bonus Bet Amount $500
Bonus Bet Qualifier 100% First Deposit Bonus
Turnover Requirements Must be turned over x2 on win bets on odds at or greater than $1.80, within 90 days of the bonus bet being received.
Bonus Bet Restrictions NSW, SA, WA, and VIC
Bonus Betting Requirements Bonus bets can’t be used on multi-bets or Exotic bets
Market Restrictions Palmerbet may restrict the use of the bonus bet to racing markets only
Bonus Bet Payout Winnings not including stake

The offer

The Palmerbet bonus offers a $500 first deposit match bonus bet to eligible customers who sign up with Palmerbet and make a deposit.

Your first deposit will be matched 100% up to $500 when you create an account at Palmerbet.  So if your first deposit is $500 when you create your Palmerbet account, you will receive $500 in bonus bets.  Similarly if you deposit say $250, you will receive $250.

What’s the catch?

We’ve read through all of the terms and conditions and condensed all of the important bits into these 8 points. I recommend you have a very quick read of them so you know what you will be getting into!

The important bits

  1. First and foremost – Bookmakers are not allowed to offer sign up bonuses to residents of NSW, WA, SA, and Vic. Unfortunately this is the case for all bookmaker sign up bonuses. This however does not preclude these residents from signing up with the bookie and receiving weekly promotions, loyalty Palmerbet bonus bets, and more.
  2. Palmerbet does not mention how long it takes for your bonus bet to be credited, we assume this to be immediately.
  3. You must use your bonus bet within 90 days from the time it is credited to your account. If you don’t use it, it will be void and removed from your account.
  4. Palmerbet mentioned they ‘reserve the right’ to restrict the use of bonus best to racing products only.  But appears to not be a hard and fast rule though.
  5. You can’t use your bonus bet on multi-bets or exotic bets.
  6. If you win with your bonus bet, you will receive ONLY the winnings and not the stake back. For example, if you place a $50 bonus bet on a selection paying $3, you will receive only $100 in winnings (the original $50 stake is not returned to you as it would if you were betting with real money).

Turnover Requirements

  • You must turn over your bet 2x at the value of $1.80 or more to be able to withdraw your bonus bet winnings.


The Palmerbet bonus is OK.  The turn over requirements are a bit higher than normal – and the market restrictions have the potential to seriously limit your ability to bet on sports.

If you would like to sign up at Palmerbet, click on the link below. If you need to know more about them before creating an account click here to be taken to our review.


1 Palmerbet Bonus Bet
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2 Palmerbet Bonus Bet
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Deposit some funds into your account.

Deposit money into your account (Credit Card and more options).

3 Palmerbet Bonus Bet
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Enjoy your deposit bonus bet!

To claim the full bonus bet, deposit $500 or more - your bonus will be credited to your account within 24 hours (usually instantly).


Palmerbet Bonus Details

More Sportsbet $501 Bonus Bet Details (click to view)
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