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    Frequently Asked Questions

    Who Is GoldBet?

    GoldBet is an online wagering business owned and operated by GoldBet Pty Ltd and licenced with GRNSW in NEW South Wales.

    How Do I Open a GoldBet Customer Account?

    Simply click on the Join button in the header atop our desktop or mobile website and complete the registration form.

    The registration process only takes about 2 minutes to complete. If you have any issues, give us an email or click on live chat.

    Why Do I Have to Verify My Identity and How Do I It?

    You are able to verify your account electronically, click on my account and then verify my account, add your ID to verify electronically with GREENID.

    Under Australian law including the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and the Australian Rules of Racing, you are required to verify your identify in order to use your GoldBet Customer Account.

    GoldBet requires that all Customers successfully verify their identity by the earlier of:

    • Fourteen (14) days of opening their Customer Account; or
    • Withdrawing any funds from their Customer Account.

     

    In order to verify your identity, you may need to provide us with copies of one or all of the following:

    • A current Australian Driver's Licence;
    • A current Australian Passport; and/or
    • A utility bill (no more than three (3) months old) on which the name and address used for registration of the Customer Account is prominently displayed.

     

    GoldBet engages GREENID, a third-party identity processor, to provide identity verification services in order to more efficiently and comprehensively verify the identity of GoldBet Customers. Your personal information may be supplied to such a third-party so the identity verification process can be completed. The process of verifying your identity may involve checking your personal information against third-party and government databases and/or credit headers.

    How Can I Deposit Funds into My GoldBet Account?

    All of our deposit methods are set out in the Banking section of My Account on the GoldBet Website.

    You can deposit funds into your GoldBet Customer Account in the following ways:

     

    • PAYID/OSKO: Using your online banking do a PAYID/OSKO transfer to our ABN: 43639183136. This is instant and let us know once done and we can credit your acccount immediately.
    • POLi Payments: This is the fastest way to get funds into your account and you won't be charged any fees by your bank either.
    • Electronic Funds Transfer (EFT): When making an EFT, please use your GoldBet User ID as the reference number in the Transaction Description so that we can easily identify which Customer Account needs to be credited with the funds. 
    • Westpac Account: GoldBet BSB 032066 ACC 011999
    • Please note that this is not an instantaneous deposit method. After you have completed the transfer, you must go to the EFT Notification section of the Banking menu on the GoldBet Website and let us know the details of the transaction so that we can keep an eye out for the funds in our bank account.
      If you want your deposited funds to be instantly available in your GoldBet Customer Account, you must deposit via an instantaneous Deposit method such as POLi Payments.
    • Bank Deposit: You can deposit into your GoldBet Customer Account at any branch of the Westpac Bank. You will need to provide the Commonwealth Bank with the GoldBet Account details.
      After you have made the deposit, you need to go to the EFT Notification section of the Banking menu on the GoldBet Website and let us know the details of the transaction so that we can credit your GoldBet Customer Account.

     

    How Do I Retrieve a Forgotten Password or User ID?

    If you have forgotten your User ID or your password, click on the Help button in the Log-In section of the GoldBet Website and complete the form to recover your credentials. If you correctly complete the form, you will an email shortly thereafter which will instruct you on how to log-in.

    What If I Didn't Receive My Welcome Email?

    We send all new GoldBet Customers a welcome email which includes important information regarding their
    GoldBet Customer Account. If you have not received this email, you may be blocking communications from us. You need to add '[email protected]' to your Safe Sender list or your Contacts.

    How Do I Make a Withdrawal from My GoldBet Customer Account?

    You can submit a withdrawal request via the Banking tab in My Account.

    Deposited funds must be turned over at least once before they will be able to be withdrawn.

    Withdrawal requests are processed twice daily. It may take 2 to 5 Business Days for withdrawn funds to land in your Bank.

    For Customers who have deposited via a credit card from an Australian financial institution, withdrawn funds will be returned to the credit card from which the deposit was made up to the total amount of all deposits made from the relevant credit card. If the amount being withdrawn exceeds the total amount of all deposits made from the relevant credit card, the Customer can elect to have the surplus transferred to a bank account rather than their credit card.

    What Happens if One of the Horses I Backed is Scratched?

    If you placed your bet on the scratched runner before the declaration of the final field (i.e. the time at which final acceptances are lodged), your bet is lost. If the bet formed part of a multi-leg or parlay bet, the entire multi-leg bet is lost.

    If you placed your bet on the scratched runner after the declaration of the final field (i.e. the time at which final acceptances are lodged), your bet will be refunded in full except if the bet formed part of a multi-leg or parlay bet, in which event the multi-leg bet will stand and the dividend will be downwardly adjusted to account for the removal of the bet on the scratched runner.

    What Are the Minimum and Maximum Bet Limits?

    The minimum amount that a Customer can stake on any wager is $1.00.

    The maximum amount that a Customer can stake on any wager is determined on a case-by-case basis depending on the event and market conditions and subject to any Minimum Bet Limits applied by any wagering control authority in the relevant jurisdiction. GoldBet will attempt to satisfy all bet requests but may, at its discretion, reject or partially accept certain bet requests.

    A number of Australian wagering control bodies prescribe Minimum Bet Limits for the benefit of punters. For events in which a Minimum Bet Limit is in place, we must accept wagers in which the punter's potential profit is below the specified threshold. Some of the Minimum Bet Limits in place are summarised below:

     Thoroughbreds
    Metropolitan
     
    Thoroughbreds
    Provincial &
    Country
    Victoria$2,000.00$1,000.00
    New South Wales$2,000.00$1,000.00
    Northern TerritoryNo MBLNo MBL
    Queensland$2,000.00$1,000.00
    South Australia$2,000.00$1,000.00
    Tasmania$1,000.00$1,000.00
    Western AustraliaNo MBLNo MBL
    Please Note:

    Minimum Bet Limits apply only to Fixed Odds bets. They do not apply to bets on Top Fluctuation, Best of the Best, tote or tote-derivative products, racing exotics, or multi-leg bets.

    Minimum Bet Limits apply to bets placed after 9:00am on the day of the race meeting, unless the meeting is a night meeting in which event the Minimum Bet Limits take effect at 2:00pm on the day of the race meeting.

     

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