Neds Vs MidasBet - In-Depth Betting Site Comparison

18 Apr 2023
Jake McEvoy 18 Apr 2023
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Neds Vs MidasBet
NewBettingSites Australia is proud to showcase Neds vs. MidasBet as part of our ongoing Battle of the Bookies series. This matchup between two fresh challengers looks to be a nail-biter.
There was little question that Dean Shannon's next venture, Neds, would be a profitable betting platform when it was founded after Ladbrokes acquired

The cutting-edge Neds racing and sports betting platform is notoriously quick to counter any threats posed by rivals.

With outstanding racing features that elevate the betting experience to the next level, and a wide variety of sports betting markets beyond only thoroughbreds, harnesses, and Greyhounds, MidasBet shouts golden chances.

Let’s see how these two Aussie bookmakers do when they’re pitted together directly in a 1v1 to be labelled the better bookie.

Neds vs MidasBet Comparison

When comparing two different betting sites, we always use the same criteria to make sure that everyone has an equal chance of winning.

Altering the areas that we compare each time would not be fair since it would alter the results of some of the comparisons.

In each instalment of the Battle of the Bookies series, we compare two different betting websites using the following standard set of criteria:

Odds Value: When comparing bookmakers, we aim for the one that has the most favourable odds overall, since this will give us the most bang for our buck. We'll choose the best site in this category based on how much value it provides for our money.

Available Markets: The greater the variety of betting markets available across a wide range of sports, the more options we have when constructing our bet slips. We rate bookmakers higher if they provide more sports and markets and they’ll win in this category if they offer more than their opponent.

Betting Features: Any online bookie may benefit from adding betting capabilities to their site. After analysing various betting markets, we consider how best to maximise our returns by using various betting features. There is a positive correlation between the number of betting options and the longevity of our deposits.

Betting App: Mobile betting applications are as good as or better than their desktop versions, making mobile betting the favoured method of wagering on racing and sports. A website gets great marks from us if it has a specialised, fully-functional app.

VIP Program: Betting sites with VIP programs are preferred over those without since they reward their most loyal consumers for their continued business. There aren't very many Australian betting sites with reward programs, but the ones that do tend to shine.

Safety & Security: Customers can make deposits and withdrawals to and from online bookmakers, and if they don't feel secure doing so, they can always go elsewhere. As a result of ongoing hacking attempts, the betting site's credibility is at stake. The private information and financial details of customers might be at risk if the site's security is compromised. We only include sites that have strong encryption in our evaluations.

Payment Methods: We have come a long way from just using credit and debit cards to pay for our gambling activities, and even farther from handing over cash to a local bookie. We only recommend betting sites that provide their customers with a broad selection of deposit and withdrawal options, including cards, payment systems and more.

Live Betting & Live Streaming: The thrill of placing bets live while we watch a game is unmatched. While some books provide this option, the vast majority have not yet followed suit.

Customer Support: We expect that when problems arise, we will be able to reach and get helpful information from the site's customer support staff quickly and easily. The best betting sites consistently provide prompt, knowledgeable, and helpful assistance to their customers.

Promotions: Promotions are used to encourage repeat business, and they are quite effective. The finest betting sites will provide promos that are time-sensitive and may be utilised to either stretch our betting budget further or boost our winnings.

Licensing and Regulation: A licenced betting site is subject to regular inspections to ensure compliance with regulations and the upkeep of high standards. A betting site's licence is like a badge of distinction, showing that it complies with all the regulations governing online gaming. In order to legally run a betting site in Australia, a licence is required.

Responsible Gambling Practices: Betting sites must demonstrate an understanding of the potential harm their business poses to clients by providing as many safeguards as possible against compulsive gambling. Every gambling site has to have a Responsible Gambling Policy and client safety features in place.

Our Verdict: Neds vs MidasBet

Taking into account all of the criteria above, we will now give our overall verdict of which site scores higher than the other in each category.

Here are the results!

  • Best Betting Odds: Draw.
  • Available Markets: Neds.
  • Best Features: Neds.
  • Mobile App: Neds.
  • VIP Program: MidasBet.
  • Safety and Security: Draw.
  • Deposit and Withdrawal Options: Neds.
  • Live Betting and Live Streaming: Neds.
  • Customer Service: Neds.
  • Safer Gambling: Draw.
  • Licensing and regulation: Draw.
  • Best offers: Neds.

With MidasBet only managing to score a single point in the 12 categories, it’s clear that Neds is the champion betting site in the comparison between the two.

There were a handful of draws in important categories, though, so if those are the categories that concern you the most, MidasBet could still be worth giving a try. It might end up just being your favourite!

Neds Pros & Cons

Great racing betting features.

Extensive range of sports.

Competitive odds.

Live streaming service.

Esports markets.

Limited live streaming options.

MidasBet Pros & Cons

Prominent racing markets.

Popular sports.

Secure payment methods.

Live chat feature.

No live streaming.

No Esports.

No application.

Comparing Neds vs MidasBet Betting Odds

MidasBet's odds stack up well against those of other Australian bookmakers. Bet on sports and horse racing with confidence that you won't be cheated out of a better deal.

If you’ve been keeping up with this Battle of the Bookies series so far, you’ll know that the case is the same at Neds, where you’ll seldom find odds that aren’t on par with the other main players in the business.

This first round between Neds and MidasBet will be noted as a draw since neither site offers better odds in any market.

What Markets Are Available at Neds vs MidasBet

Sure, having a variety of sports is great, but let's not forget that a good selection of betting markets is what really keeps the game interesting.

At MidasBet, it looks like some sports are feeling left out in the market game. With only a handful of markets for less popular sports, it's like they're sitting on the bench while the Premier League gets all the action. In golf, for example, you either win or you... well, don't win. Those are your options.

Even the underdogs of the sports world get their chance to shine at Neds, with a plethora of markets to choose from.

Which Sportsbook Offers the Best Features?

We’re going to be honest here and say that we’ve definitely had more feature-rich bookies to compare in the past. This doesn’t mean there’s nothing on offer with either Neds or MidasBet, though.

Neds offers a variety of features which can be used to gain in-depth knowledge on upcoming events and, in turn, be used to make more accurate predictions when placing bets.

MidasBet has “Dividends Boosts” and “Rewards” but they don’t seem to actually explain how these work. The “Every Bet Earn Rewards” banner may be supposed to explain this but it is currently un-clickable.

If we had to choose a winner, it would be Neds in this category.

Does Neds vs MidasBet Have the Mobile Betting App?

Neds offers a feature-rich mobile app which can be downloaded to Android and iOS-based smartphones and tablets. Anything that can be done on the main platform can also be achieved on the mobile application.

MidasBet has recently released an app for iOS but has yet to release it for Android devices. Like the Neds app, it offers everything you would expect to find on the desktop site.

Since MidasBet is yet to offer its app on the Google Play Store, this point will be awarded to Neds. This may change once the app is available on all devices, though.

Neds vs MidasBet VIP Program Comparison

Neds, unfortunately, does not offer a VIP program that will reward customers for continued use of the platform.

MidasBet doesn’t have a loyalty program, either, but it does reward customers through “loyalty reward points”. Points are earned when you place bets and can then be redeemed for bonus cash.

To redeem bonus cash from your points, go to your account and then click the “Rewards” tab.

Since MidasBet offers some kind of incentive for loyal customers, it will win the point in this category of this head-to-head comparison.

Neds vs MidasBet Safety and Security

Both Neds and MidasBet, two of the most popular online gambling companies, provide safe and secure betting platforms.

MidasBet uses 128-bit SSL encryption, which is the industry standard, and Neds uses SSL encryption technology to secure user data.

Both of these sites are doing exactly what they should be doing to protect your data and, therefore, this round of the head-to-head will result in a tie.

Comparing Deposit and Withdrawal Options

MidasBet doesn't provide you with a tonne of alternatives for depositing funds or cashing out your winnings, but the ones they do are the typical suspects you can trust. Visa, MasterCard, EFT, and POLi are all accepted at MidasBet.

At Neds, you can choose from all of these options plus a few more, including PayPal, BPay and PayID.

With Neds offering not only the same options as MidasBet but even more on top, they earn the point in this round.

Live Betting and Streaming Options: Neds vs MidasBet

If you enjoy betting on live betting markets, you won’t be wanting to create an account with MidasBet. Not only are there no in-play markets, but there is also no live-streaming feature to watch racing or sports.

Neds could be right up your street, though, as they offer both in-play markets and a live-streaming service of races in Australia in New Zealand.

Neds is threatening to run away in this face-off with MidasBet after taking yet another point from this round.

Comparing Neds vs MidasBet Customer Service

The quality of the customer service we receive from our betting site can truly make or break the experience we have betting with them.

Both of these two betting sites seem to be aware of this, offering friendly, informative customer service whenever it is required.

We need to be strict in these comparisons, though, and while both of these sites do offer a live chat feature, it’s only Neds that offers one around the clock. This means if you’re betting late in the day with MidasBet, you’ll have to send an email instead.

As a result, it’s another point in the bag for Neds, who look to win this edition of Battle of the Bookies by a fair few lengths.

Where Do Neds vs MidasBet Stand on Safer Gambling

Neds and MidasBet take secure wagering seriously. Both companies are dedicated to supplying a safe haven for gamblers, as well as instituting responsible wagering policies.

Neds gives customers a variety of resources to help them control their wagering activity, such as deposit limits and activity reminders. MidasBet also has a Responsible Gambling Program that encourages responsible wagering practices among its consumers.

Moreover, both organisations provide guidance and assistance on compulsive gambling problems if consumers need it.

A third draw is on the cards, here.

Where Are Neds vs MidasBet Licensed and Regulated?

Neds Australia is a legitimate betting site with a license to operate that has been issued by the Northern Territory Racing Commission. You’re guaranteed to receive your winnings if it is required that Neds pay them out.

MidasBet has a license in New South Wales from the Greyhound Welfare & Integrity Commission and is regulated by Liquor and Gaming New South Wales.

Both of these sites are appropriately licensed - as they should be - and, therefore, this section will be noted as a draw.

Does Neds vs MidasBet Have The Best Offers?

When navigating to the “Promotion” pages on each of these two betting sites, it’s immediately clear that there are many more options available to you at Neds.

The offers at Neds are relevant to upcoming events and they cover a variety of sports so that you have something to make the most of regardless of which sports you prefer betting on.

The final point, like many of the other points, will be awarded to Neds in this final category of the head-to-head comparison as part of our Battle of the Bookies series here at NewBettingSites Australia.

Neds vs MidasBet FAQs

Can you have both a MidasBet and Neds account?

Australian bettors can open accounts with as many different Australia-baed bookmakers as they please. So, whether it's with Neds, MidasBet, both, or as many other bookies as you can think of, you can register where you please.

Which Bookmaker has been around longer?

MidasBet, which arrived on the Aussie betting scene in 2022, is one of the youngest betting sites on the market. Neds is fairly young itself, but having been around since 2017 is 5 years older than its rival.

Do both bookmakers have mobile apps?

Both Neds and MidasBet offer mobile applications, however the one offered by MidasBet is still only available on iPhones.

Which betting site offers the better odds - MidasBet or Neds?

Competitive odds are on offer at Neds and MidasBet, so you don’t have to worry about losing out on better value when wagering with either of these two betting platforms.

Do MidasBet and Neds allow for live betting?

Neds has in-play betting markets but MidasBet is yet to implement such a feature.

Who offers the better customer service, MidasBet or Neds?

The customer service offered by both of these sites is friendly and informative, however, with Neds customer service being offered around the clock, it is preferred over the limited service offered by MidasBet.