TAB SPORTSBET REVIEW

Years ago the TAB was the only option for punters wanting to place a bet away from the racetrack, the totalisator formula for calculating dividends (total pool – TAB margin / number of correct tickets) was well received by Australian consumers. The sports betting landscape has changed significantly, the TAB does not enjoy the monopoly it once had on the betting market. Nowadays, even the Australian corporate bookies are offering the same exotic betting products that were until recently only the domain of the national tote.

The TAB still offers fixed odds on horse racing and a wide range of sporting events. They are also still the best place to be guaranteed the maximum payouts for exotic bets like quaddies and the Big 6. And one of their last remaining points of difference is the tote options available on various codes of Australian football. Another advantage is that they combine the Sportsbet account with the racing (tote) account, reducing the need for deposits and withdrawals and general fiddling between accounts.

The TAB doesn’t offer any deposit bonuses, they do run fairly regular promotions from their fixed betting department though.

REASONS TO JOIN TAB SPORTSBET

  • Best range of tote products
  • Huge payout potential for exotic wins
  • Exotic footy betting available
  • Offers up to 20 leg Multi Bets
  • Accepts large wagers
  • TAB DEFICIENCIES

  • No Free Bets
  • Live betting is not available online due to government regulation
  • The Tab is not a betting exchange eliminating ‘lay’ bet possibilities
  • Racing products are limited, only Fixed and tote bets available
  • Runs on high margins
  • RACING BET TYPES

    The TAB offers fixed betting and tote win and place betting. For single bets, these are now inferior to many products offered by other bookies like Best of the Best and Top Fluc. However, the TAB still has the best range and reliability of exotic products like: quinellas, trifectas and quaddies to name a few. The beauty of the TAB is that they offer these for all race meets regardless of their status. The other big advantage the TAB offers is that for major payouts like first 4s, quaddies and the big 6, they do cap the maximum payout unlike some of the corporate bookies that offer these products. The TAB will simply divide the total pool up among the winning entries.

    TAB’s racing bet types

    Find out more about EXOTIC BETTING
    Win Bet Types Win (tote price),  Place (tote price),  Fixed
       
    Exotic Bet Types Exacta,  all Quinellas,  Duet,   all Trifectas,  First 4,  All ups,   Flexi Bets,  Daily Doubles,  Running Doubles,   Quaddies,  Big 6

    SPORTS BET TYPES

    TAB Sportsbet offer fixed odds betting on a wide range of sports markets. Generally, their prices are competitive with other bookmakers.

    Sports betting products

    Sports Bet Types Single Fixed,  Margin Betting,  Line Betting,  Fixed,  Multi Bets,  Live Betting
       
    Mobile Betting The TAB operates a mobile site and provides apps for iPad, iPhone and Android users.
       
    Live Betting Australian punters are only able to bet live over the telephone. However, the Tab covers lots of events catering to both its Australian and international customers.

    ACCOUNT & OPERATION DETAILS

    Deposit Options Visa, Mastercard, BPAY, Bank Transfer, Cheque, Money Order, Aust Post Outlet, tab retail outlet
    Withdrawal Options Bank Transfer, Cheque, Australia Post Outlet, tab retail outlet
    Withdrawal Requirements Must complete identity requirements before withdrawing, all deposits must be turned over once (x1)
    Transaction Fees None
    Identity Check Yes – Account frozen if not received within 90 days
    Minimum Deposit $20
    Minimum Bet 0.50c 
    Minimum Phone Bet $10
    Maximum Payout AUD $250,000. Perhaps higher on negotiation
    Maximum Payout ““TAB may set any minimum or maximum stake or payout for sports bets at its sole and absolute discretion.”
    Forbidden Jurisdictions United States of America, Netherlands, India, American Samoa, Hong Kong, Germany, Turkey, Denmark, Hungary, US Virgin Islands, Dutch Antilles, France, French Guiana, French Guinea, French Polynesia, French Southern Territories
    Languages English, Spanish, Japanese, Chinese Simplified, Chinese Traditional
    Currencies AUD, EUR, GBP, HKD, JPY, USD
    Odds formats Decimal
    Turnover Requirements All deposits must be turned over at least once (1x)
    Free Bet Turnover Requirements N/A
    Mobile Site Yes
    Live Betting Telephone only
    Credit Facilities None
    Account Dormant $5.50 per month fee after 6 months of no activity