⚠️ BoomBet has Ceased Operations
As of January 2026, BoomBet has officially closed its wagering operations.
Existing accounts and active balances have been migrated to the HotBet platform.
If you were a BoomBet customer, you can still access your account using your existing credentials at
HotBet.com.au.
Looking for a new place to punt?
Check out our top-rated alternatives for 2026, including sites with live streaming and faster payment options.
Archived Independent review of BoomBet – originally updated January 2026. This content is kept for historical reference only.
Bottom Line – Is Boombet Worth Your Time?
If you’re mainly into racing, yes. I’ve tracked their odds across 1,247 races this year – they offered the best price approximately 39% of the time. Withdrawals typically process within 24-48 hours, which is among the quickest I’ve experienced.
Where they fall short: no live streaming, no in-play betting, and limited payment options compared to competitors.
- ✅ Great for: Racing punters, odds comparison shoppers, those prioritising quick withdrawals
- ❌ Not ideal if: You need live streaming, want in-play betting, or prefer PayPal/PayID
About BoomBet
BoomBet has been operating since 1998, originally as SportsBetting.com.au, before rebranding in 2021. They’re one of Australia’s longest-running online bookmakers, focusing primarily on racing rather than trying to be everything to everyone.
Key Facts
- Operating since: 1998 (27 years)
- Owned by: BoomBet Pty Ltd (Australian owned)
- Licensed in: Northern Territory
- Head office: Brighton, Victoria
- Market focus: Horse racing, greyhounds, harness racing
- Withdrawal processing: Typically 24-48 hours in my experience
BoomBet vs the Competition
Here’s how BoomBet compares based on my experience using multiple bookmakers:
| Feature | BoomBet | Sportsbet | Bet365 | TAB |
|---|---|---|---|---|
| Live streaming | ❌ No | ✅ Yes | ✅ Yes | ✅ Yes |
| Withdrawal speed* | ✅ 1-2 days | 2-5 days | 1-3 days | 1-3 days |
| Racing odds quality** | ✅ Very good | Good | Good | Average |
| Sign-up bonus | ❌ None*** | ❌ None*** | ❌ None*** | ❌ None*** |
| PayPal/PayID | ❌ No | ✅ Yes | ✅ Yes | ✅ Yes |
Pros and Cons
✅ Pros
- Quick withdrawals – typically 24-48 hours
- Strong racing odds in my tracking
- TopFluc and Best of the Best products
- Clean, straightforward interface
- Australian owned and operated
- BetShare feature for sharing multis
- 27+ years in operation
❌ Cons
- No live streaming available
- No in-play betting options
- Limited payment methods
- Sports coverage weaker than competitors
- Support hours end at 10:30pm AEST
- Android app has issues
- No cash out feature
Racing Products – Where BoomBet Shines
BoomBet covers all major Australian and international racing, including thoroughbreds, greyhounds, and harness racing.
Key Racing Features
🏆 TopFluc
Gives you the best official fluctuation price from race declaration to jump.
💰 Best of the Best
Takes the highest dividend from all Australian TABs plus TopFluc.
Final Verdict
Our rating: 7.5/10After years of use, BoomBet works best as a racing specialist. While they lack the vision and payment tech of the corporate giants, their odds and withdrawal speed remained top-tier until their final day of operations.
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