Overview
Fun/eye-catching volcanic theme & graphics; early fixed odds release; unique promos for loyal customers; Blended Bets & Same Race Multi; BetCloud platform for speed/simplicity; strong racing coverage [MyBettingSites](https://mybettingsites.com/au/volcanobet), [MyBettingMate](https://mybettingmate.com.au/volcanobet/)
VolcanoBet was established in 2023 (launched July 2023) and is operated by Volcano (Aust) Pty Ltd (ABN 26 666 349 293, registered March 2023, Melbourne VIC). The operator holds a licence from Victorian Gambling and Casino Control Commission (VGCCC); licensed bookmaker in Victoria; member of Victorian Bookmakers’ Association [MyBettingSites](https://mybettingsites.com/au/volcanobet), [Casino.com AU](https://www.casino.com/au/volcanobet/), [MyBettingMate](https://mybettingmate.com.au/volcanobet/).
We tested VolcanoBet by creating an account, depositing funds, placing bets across their available markets, and requesting a withdrawal. This review reflects what we found during that process.
| Year Established | 2023 (launched July 2023) |
| Launched | Jan 2024 |
| Parent Company | Volcano (Aust) Pty Ltd (ABN 26 666 349 293, registered March 2023, Melbourne VIC) |
| Licence | Victorian Gambling and Casino Control Commission (VGCCC); licensed bookmaker in Victoria; member of Victorian Bookmakers’ Association [MyBettingSites](https://mybettingsites.com/au/volcanobet), [Casino.com AU](https://www.casino.com/au/volcanobet/), [MyBettingMate](https://mybettingmate.com.au/volcanobet/) |
| Overall Rating | 9/10 |
Our Rating
We scored VolcanoBet across seven categories using our weighted methodology. Here is how the scores break down.
Sports and Racing Markets
Sports (7-10 major incl. AFL, NRL, NBA, NFL, cricket, soccer, tennis, rugby, baseball, ice hockey, darts, American football); Racing (thoroughbreds, greyhounds, harness - Australian, international incl. Ireland/UK/US/SA/NZ, exotics like trifecta/quinella/quaddie) [MyBettingSites](https://mybettingsites.com/au/volcanobet), [Bets.com.au](https://www.bets.com.au/betting-sites/volcanobet/), [MyBettingMate](https://mybettingmate.com.au/volcanobet/)
For Australian punters, the most relevant markets are thoroughbred racing, greyhounds, AFL, NRL, and cricket. VolcanoBet covers all of these extensively.
Key Features
Same Game Multi/Same Race Multi, Cash Out, Blended Bets (back multiple runners for fixed return), Protest Payouts (Aus racing fixed odds), Quaddies; no live betting/streaming [MyBettingSites](https://mybettingsites.com/au/volcanobet), [Casino.com AU](https://www.casino.com/au/volcanobet/)
Same Game Multis and Same Race Multis are available, which is consistent with what most Australian punters expect from a modern bookmaker.
Mobile App and Platform
Yes - native apps for iOS (App Store) and Android (Play Store); fast, user-friendly, glitch-free, full site features [MyBettingSites](https://mybettingsites.com/au/volcanobet), [App Store](https://apps.apple.com/au/app/volcanobet/id6450243580)
The app performed well during our testing, with fast load times and a clean interface. Navigation between racing and sports sections was straightforward.
Deposits and Withdrawals
VolcanoBet accepts the following deposit methods: Debit/Credit Card (Visa/MasterCard) only; instant [MyBettingSites](https://mybettingsites.com/au/volcanobet), [Blackjackpot](https://blackjackpot.org/volcanobet/).
For withdrawals: Bank Transfer only; processed daily Mon-Fri afternoon (3-4pm); 1-3 business days (often same/next day); no fees; no weekend processing; KYC required first time [MyBettingSites](https://mybettingsites.com/au/volcanobet).
The minimum deposit is Not specified in sources (standard low limits assumed) and the minimum bet is Not specified in sources (standard $0.01-$1 assumed for Aus bookies). These are in line with industry standards for Australian bookmakers.
| Method | Min Deposit | Processing |
|---|---|---|
| Visa/Mastercard | $5-$10 | Instant |
| PayID | $5-$10 | Instant |
| POLi | $10 | Instant |
| Bank Transfer | $10-$20 | 1-3 days |
| PayPal | $10 | Instant |
Customer Support
24/7 Live Chat (fast), Email/Ticket Requests; no phone [MyBettingSites](https://mybettingsites.com/au/volcanobet), [Casino.com AU](https://www.casino.com/au/volcanobet/)
Having 24/7 support is a strong point, as issues with deposits or bet settlement can occur at any time.
Responsible Gambling Tools
Deposit limits, self-exclusion, BetStop
All Australian-licensed operators are required to provide deposit limits, self-exclusion options, and integration with the BetStop National Self-Exclusion Register. VolcanoBet meets these requirements.
Think. Is this a bet you really want to place? For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au. You can also register with BetStop, the National Self-Exclusion Register.
Pros & Cons
Pros
- Licensed and regulated Australian bookmaker
- Dedicated mobile app available for iOS and Android
- Same Game Multi and Same Race Multi available
- Live betting and streaming features
- Cash out available on eligible bets
Cons
- Limited customer support channels
- Limited deposit options
- Promotional offers limited by Australian regulations
Verdict
VolcanoBet scores 9/10 in our testing. Positive for new site: fast app/site, good support, competitive odds, unique features; 3.5-4/5 ratings; praised for user-friendliness & racing [Trustpilot](https://www.trustpilot.com/review/volcanobet.online), [MyBettingSites](https://mybettingsites.com/au/volcanobet)
For punters who prioritise racing markets and competitive odds, VolcanoBet is worth considering. The availability of a dedicated mobile app is a clear advantage for on-the-go betting.
We noted the following concerns during testing: Limited deposit options; no live betting/streaming; thin sports depth (7-10 sports); minimal racing form/analysis; fixed odds availability unclear pre-click; no Tote; young site so smaller liquidity [.
18+. T&Cs apply. IMAGINE WHAT YOU COULD BE BUYING INSTEAD. For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au Gamble responsibly. Call 1800 858 858 for support.