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Tier 1 – Major / top-rated
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Minimum deposit, as published
$5
Bank transfer 2–3 hours if account accepts fast payments; PayPal up to 24 hours; Cash Card instant ; pre-2pm request…
Only ordered where the published wording supports a comparable speed.
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Bank withdrawals start at $10. The bank account must be in your name and match your Sportsbet account.
Deposit options include Apple Pay, PayID, Sportsbet Cash, debit card, PayPal and BPAY. The minimum deposit is $5.
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There is an important difference between an ordinary Same Game Multi and SGM+.
SGM+ combines Same Game Multis from separate events. Within an individual SGM, the price accounts for how the selections are related; it is not simply the individual odds multiplied together. The overall SGM+ price multiplies the odds of its SGM legs.
For the covered AFL player markets, a player who does not take part has their relevant bet or selection voided.
Once a player takes part, an injury normally leaves the bet standing. The AFL Fair Go Refund changes that for a game-ending injury in the first half:
Already-settled bets stay settled, including bets that had already lost before the injury. The Fair Go Refund applies to player markets, not match head-to-head betting.
For combined-player and “Player A or Player B” markets, all selected players must suffer a qualifying first-half, game-ending injury for that market to qualify. One injured player is not enough.
These are AFL settlement rules, not a blanket injury refund across every sport.
Sportsbet can apply a $1 million combined winnings limit to a single event or selection, or to multiple bets that share a selection. Bets on the same or related markets can count together rather than receiving a separate $1 million limit for each ticket.
For tote-based bets, Sportsbet can limit winnings to the size of the relevant tote pool.
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Sportsbet’s racing products include fixed odds and Tote Plus (TO+) on selected Australian thoroughbred meetings. TO+ includes a starting-price comparison for eligible win bets; starting price does not apply to place bets.
Top Fluctuation is a win-only product for eligible metropolitan meetings. Betting closes 45 minutes before the scheduled race start, and the price is based on the top official on-course fluctuation rather than Sportsbet’s own website prices.
For a covered racing dead heat where no draw option was offered, Sportsbet divides the ticket’s full return, including the stake, by the number of runners tied for the placing.
The dead-heat payout is not reduced below the original stake, excluding bets already cashed out.
For example, a $10 bet at $6 has a full return of $60. A two-way dead heat reduces that return to $30.
Late scratchings can reduce a winning fixed-odds payout through deductions. Sportsbet’s deduction example applies the deduction to the ticket’s full return, not just its profit.
For example, a $10 bet at $7 returns $70 before deductions. A 13-cent-in-the-dollar deduction reduces the return to $60.90, leaving $50.90 profit after the original stake.
Sportsbet’s published deduction schedule is a guide rather than a guaranteed deduction for every race. That schedule does not apply to Victorian horse racing.
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Bonus bets pay winnings only. The bonus-bet stake is not returned.
For example, a winning $50 bonus bet at $3 credits $100, not $150.
Bonus bets expire 7 days after being credited, unless the individual offer specifies a different period. The bonus bet can be used on its designated eligible markets.
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Sportsbet - Sports Betting App · Sportsbet Pty Ltd
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Sportsbet offers racing and sports betting, including Same Game Multis and SGM+. Here are the payment times, limits and settlement rules worth knowing.
Your identity needs to be verified before you can deposit, withdraw or place a bet. Verification uses your full name, residential address and date of birth.
Sportsbet can use electronic identity checks, including providers such as GreenID. If an electronic check does not verify you, you may need to provide documents.
Cash Out is available when Sportsbet offers a quote for your bet in My Bets. It is not automatically available on every bet.
SGM+ bets may be eligible for Cash Out unless stated otherwise.
Deposit limits can be set over 24 hours, 7 days, 14 days or 28 days. Reducing a deposit limit takes effect immediately.
Sportsbet also offers short breaks of 1–30 days, longer exclusions of 6 months, 1 year, 3 years or 5 years, and permanent self-exclusion.
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Real-money bookmakers operating in Australia must verify your identity, let you set deposit limits, and take part in BetStop — the national self-exclusion register.

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