Palmerbet bonus bet information

New customers to Palmerbet are entitled to receive a deposit bonus up to a maximum value of $250. The sign up bonus is appealing as it is a matched deposit offer, where the bookmaker will reward the new member with bonus bets equal to the amount of the first deposit. For example, a $100 pledge will result in a $100 free bet. The offer does come with relatively strong conditions. The bonus, and any resultant winnings from it, must be turned over twice at odds greater than $1.80 before a customer is able to withdraw the funds. Further, the bonus bet cannot be used for multi bets or exotic wagers. On the bright side, the bonus bet is valid for 90 days, the longest in the industry!

$250 New account bonus
New customers can receive a sign up bonus up to the value of $250 by registering an account and depositing funds.


How to collect the sign on bonus

  • Register for a new account with Palmerbet, you can do so here.
  • Deposit an amount in order to qualify for the matching bonus.
  • Redeem the bonus bet on any market at odds greater than $1.80

Key points of the offer

  • The offer is in the midrange of all Australian sign up bonuses.
  • The maximum value of the offer is $250.
  • Bonus bet winnings must be turned over at least twice at odds greater than $1.80.
  • The free betting amount is valid for 90 days.

Is there a promotion code?

New members don’t need to enter a deposit promotion code in order to receive the $250 sign up bonus.

The lowdown on the offer

Compare bonuses

Palmerbet’s $250 welcome bonus provides a valuable start for new account holders. It sits in the midrange of all the available Australian free bets. It’s more valuable than most due to the fact that the deposit amount is matched, and not the first bet amount – that’s a plus. However, at $250, there are higher grossing deals around. The other noteworthy point of difference with Palmerbet’s offer is that there are slightly stronger than normal turnover conditions, where the bonus amount, and any winnings from it, must be turned over two times. Perhaps only Bet365’s deposit bonus has more stringent conditions. At the end of the day, it’s still a competitive deal and one that will help kick-start any new relationship with the 100% Australia owned bookmaker.

Who qualifies for the bet bonus?

Palmerbet is limited by legal regulations, and is only able to offer the new account bonus bet in certain regions of Australia. Residents of SA, WA, Victoria and New South Wales are able to join on as a member, but are not entitled to receive the deposit bonus.

Image showing the availability of the offer in various Australian states

More about Palmerbet…

Palmerbet, the wholly owned Australian operation born out of Ted Palmer’s rails bookmaking days, is attracting new and existing members with an array of freebies and promotions. The sign-on deal is really only the beginning of the value offerings from Palmerbet. Their weekly betting specials deliver constant value and retain customer interest. Combined with their top-of-the-line horse racing bet types, registering an account with the Sydney operator is an appealing proposition.