Neds Review & Bonus Bets 2023

  • Bonus
  • Features
  • Online Betting
  • App Betting

Reasons To Choose Neds

  • Neds ToolBox
  • Blended Odds
  • Bonus Cash - a more flexible way to bet
Terms Icon

Please visit: for all the important information about responsible gambling.

What’s gambling really costing you? For free and confidential support call 1800 858 858 or visit

Terms & Conditions Apply. What's gambling really costing you? For free and confidential support call 1800 858 858 or visit
Pros & Cons

Pros & Cons

  • Filter Form to find Top Tips
  • Neds ToolBox
  • Blended Odds
  • Featured Events
  • Bonus Bets & Bonus Cash
  • Inferior interface, system & same-game multi combinations
  • Slow & prone to glitching
  • No streaming racing on the app


  • Awesome promotions offered for racing, most days of the week
  • Bonus Cash – a more flexible way to bet
  • Bonus Codes for exclusive offers
  • Exclusive offers on AFL, NBA, Soccer & Racing


  • Neds ToolBox
  • Blended Odds
  • Filter Form
  • Same Race Multi
  • Multi Builder
  • Notifications Section – offers, alerts, ect.
  • Punter Assist
App Betting

App Betting

  • Greatly improved – yet still work to do
  • Great home page layout
  • Featured events on home page

Overview of Neds Betting

Updated February 16, 2023

sportsbook overview

This is the Racing Shark’s ultimate Neds review, providing you with the ins and outs of one of Australia’s top bookies. Neds entered the market in 2017 and was then bought by GVC Holdings, a UK company that also owns Ladbrokes, in 2018. Neds strives to bring up to date products, a user-friendly app and incredible promotions that help punters have success when betting. 

Neds truly try and make a punter’s experience the best they can get on the market, making everything an easy process from depositing, to betting and then withdrawing. They offer a wide range of racing betting options, as well as a wide range of promotions for punters to enjoy. 

The technological approach Neds has taken to their platform means that punters are getting new ways to bet all the time, as seen with their blended odds, where you can get unique fixed odds by selecting a pool of horses that can win a single race.

If you’re thinking of whether you should bet at this site or not, you should read this Neds review article. It will give you great insight into the positives and negatives of becoming an account holder with Neds. For more details, wisdom and information, let’s take a look at the nuts and bolts in our Neds bookmaker review.

Neds Bonus Bets

sportsbook bonus codes

Neds bonus bets are relatively unique due to the fact that they offer your typical bonus bets but also bonus cash. Bonus cash works like a bonus bet, from the perspective of you place your bet and get a return of the winnings minus the stake, however bonus cash allows you to use as much of the total amount as you want, like cash. 

If you have a $50 Neds free bet, you typically can’t split this and have to spend all $50 on one bet. With Neds bonus cash, you can use that $50 however if you want and break it down into whatever amount of bets you want, ensuring you spend it all before it expires, which is typically one week from when you receive it. 

Neds is the only other Australian bookmaker to provide this service and it is very beneficial for punters, especially those who get lucrative Neds bonus bet codes that provide them with bonus cash of $250+. 

Other ways to acquire Neds bonus bets are through narrowly missing on your bets. Neds offer a wide variety of promotions across both racing that allow you to have some extra security when placing your bet, offering a bonus bet back for missing, either by one leg or in a race, coming second or third. These bonuses typically come back as Neds bonus bets, can’t be split and have a week until they expire, meaning it is common to use them on some races later in the day. 

Neds Promotions

sportsbook bet types

Neds promotions offer great value and security for both racing, every day of the week. Whether it be same game multis, same race multis, boosted odds or bonus back up to 3rd, Neds promos cover all bases. 

Bonus Back for 2nd or 3rd

Neds, like most other Australia bookmakers, provide extra security when punting on the races by offering bonus back up to $50 if your horse finished 2nd or 3rd. The only issue with Neds is that they typically only offer the promotion at one track and only for races 1-6, unlike Sportsbet who has it on all races at multiple tracks on both Wednesday and Saturday.

Same Race Multi Security

Neds is one of the few that offers the ability to place ‘same race multis’, where you can select 2-4 runners to finish in specific spots in the top four of their race. 

Where Neds is unique is that the selected one track each day where you can get a bonus bet back if your same race multi fails, provided the multi is 3 or 4 legs and only one of those legs fails. This is a fun and exciting way to punt on races, so it is nice for this Neds promo to offer extra security when doing so. 

Neds Features

A big plus for Neds comes in the form of its features. They not only have a great promotions team that offers customers unique deals daily, but they have everything a punter could want.

Neds, like Sportsbet, have their very own blog that keeps you up to date on all the latest news and events in the world of racing. Every week there’s a segment called ‘A Week in Review,’ which allows you to have a cheeky gander at how everything is going in racing.

Punters Toolbox

The Neds Punters Toolbox is a great new source of betting functions that give users a real edge when they’re on the punt. Each toolbox contains five different ‘tools you need to get the job done’. 

The most popular is the ‘Price Boost’, allowing your fixed-odds bet to be boosted to higher odds, increasing your overall return. Another interesting ‘tool’ is the ‘Fluc Up’, which allows you to change the odds of your bet after you’ve placed it, by giving you five minutes to see if the market increases the price on your selection. 

Two intriguing features include the ‘Extra Head’ and ‘Back Up’. The ‘Extra Head’ entitles you to be paid out if your horse finishes 2nd by 0.1L or less, essentially being a photo finish payout! This is a great tool for big races that have tight finishes. 

The ‘Back Up’ allows you to select one other runner in the race, and if your horse finishes 2nd and your ‘back up’ finishes 1st, Neds will refund your stack in CASH. The Neds Punters Toolbox is a great feature that really enables punters to make the most of their punting and get an extra edge on race day. 

Filter Form

Rather than spending hours studying the form, Neds provides you with tips based on certain filters that you select from the options they have made available. Some of the options include – won last start, won at distance, first up, won at track and top jockey. 

You can select as many or as little of these filters as you want and then it provides you with the horses that qualify. All you need to do next is select your option, enter your stake and watch your filtered form come to fruition if your horse crosses the line first. 

The Filter Form also allows you to look at the main market movers whilst also only looking at favourites for each race, providing more insight into what the market is thinking about any given race. 

Neds Betting

sportsbook betting

Neds betting is quite simple as they show you your funds and bonuses at the top of the app at all times, so you know how much you have to play with. They also offer Neds deposit bonuses more frequently than most other bookies, enticing punters to use their platform. 

While there are no Neds sign up bonus offers, the deposit offers can be quite lucrative, allowing punters to have extra ways to return a profit, especially as the Spring Carnival heats up!

Steps To Placing a Bet With Neds

When opening the app, there will be a featured event in the middle of the home page, typically highlighting their best current offer or what the main race of the day is. If you want to bet on that, you simply click into it, but if you want to place a regular bet, you’ll see the racing icon in the middle of the page or at the bottom of the page. 

Once clicking on the racing icon, you will be taken to the page that lists all of the meets for that day, both in Australia and Internationally. If you don’t want to see overseas races, you can unclick the box that says ‘INTL’ in the top right corner. You will also see a gold dollar symbol ($) next to some races, highlighting that there are some special Neds promotions at those tracks.

One you have found what track you want to bet on, you will be taken to that track’s hub page. It lists the promotion at the top, if there is one, then the list of races, their names and how long until the jump, and then the multiples markets down the bottom, including the quaddie. 

You then select your race and will find some options at the top that may help you select your bet, including expert tips, bet tracker (number of bets and volume of money), odds fluctuations, speedmap and recent form. You can select any of these to help you place your bets, scrolling through the list of runners. 

Once selecting your runner, that bet will be added to your bet slip, where you are also automatically taken. You can then use the Neds Punters Toolbox to add to your bet, including Price Boost, before entering your stake, pressing place bet and then confirming your bet! If you wish to place a multi, once being taken to your bet slip, you simply go back to other races and add more legs to your bet, before following the same steps to confirm your bet. 

Neds Deposit Options

Once entering the app, you can click your profile in the top right corner and it will open up some quick options, including the deposit feature. Upon clicking this you are shown up to nine different options for you to deposit funds into your account, with the quickest being ‘Credit/Debit Cards’ or PayID. 

This allows you to add your card details into the app, making it easier to deposit funds straight from your bank account, like making a purchase. PayID speeds this process even more, if you have that set up on your mobile. 

Some of the other options include, PayPay, Cash In (if you have signed up for a Neds Card), POLi, Apple Pay (if you have that set up on an iPhone), Flexepin, Bank Transfer or BPAY. The latter two are slower options and can take up to three days, with the most common method before the first two, mentioned in the above paragraph. 

Neds Withdrawal Options

Neds require you to turn over your funds, meaning you can’t just deposit and withdraw the same money without placing any bets. This means you have to bet, and win, to be able to withdraw funds into your bank account. 

Neds provides two main options for withdrawing money, either PayPal or Bank Transfer. The former is a quicker method while the latter is often used, as the money just goes straight into your account and is typically there by Monday afternoon, if you withdraw on the weekend after a successful day on Saturday. 

Neds Sign Up Process

sportsbook sign up

If you aren’t a member with Neds, you can sign up using this link for quick access. From there you can sign up using PayPal, if you have an account, or simply enter your details in the form available. 

In this process, while you don’t get a Neds sign up bonus, there are many other opportunities to get Neds bonus bets or Neds free bets, so make sure you keep your eyes peeled for these types of promotions! This is especially the case during the Spring Racing Carnival, so you can really get more bang for your buck.

You then have to enter a username and password, which you will use to sign in if you ever go on a different device or log out for some reason. After this stage, you will be sent an email to confirm your account and this step must be done in order to deposit, bet and withdraw funds. 

Neds App Review

sportsbook mobile app

Neds has an app for Android and iOS users. It comes complete with all the features from the desktop site, and it’s one of the better ones we have seen. Because the team at Neds has excellent experience in the IT field, they were always going to create a customised app that helps punters in every way. It’s quick, easy, and punters have enjoyed using the app since its inception.

If you’re looking to have a quick punt on the races – Neds is one of the better options on the market. They have an adequate user interface in these terms, the quickest live punting options, and easily the best odds for races. We wouldn’t use this app for anything but racing, but if you’re looking for an outright racing winner, an each-way bet, a quinella, trifecta, or multi – head to Neds.

Neds Review FAQs

sportsbook faqs

Still got some questions in relation to Neds? Well have a read on below, hopefully we have answered them for you!

How to bet on Neds?

Betting on Neds is pretty straightforward. Simply find the race you want to bet on, search for the market you think will win and then click on the odds provided. You can either add an amount to wager or click add to bet slip if placing a multi or wanting to compare odds. Your bet slip can be found in the top right corner of the app and once there you can add your stake and click ‘Place’ at the bottom of the screen. 

How to win on Neds?

This is the fun part. Putting in the time and effort, or simply clicking something on a whim, hoping that your bet wins and you can collect some winnings. In order to win, you need to place a bet that ends up being successful, whether it be a horse to win or an eight-leg multi with your top selections!

Who owns Neds?

GVC Holdings, a ‘global gambling giant’ bought the rights to Neds in 2018, one year after it was founded. 

What does void mean in Neds?

A void bet means that your bet has been removed from the market and can no longer be bet on – typically occurring when a horse is scratched from a race. When this happens, you will get your stake refunded in cash, or if that void bet is part of a multi, those odds are removed from the bet and the remainder of your multi is still alive. 

How long does Neds take to withdraw?

Neds have two different methods of withdrawing funds, through PayPal or Bank Transfer. They state on their app that PayPal withdrawals will hit your account within 24 hours, and Bank Transfers can take 1-3 days. 

How to verify a Neds account?

Once creating a Neds account, you will be sent an email to verify your personal details. You have 14 days to complete this process and then you will have full access to your account, including being able to deposit and withdraw funds. 

How to do a quaddie on Neds?

First you have to select what track you want to place your quaddie on. Once you have made up your mind, go to the racing section and select that track. If you scroll to the bottom of that page, you will see the multiples betting options, including the quaddie. 

You then have to select what runners you want for each of the four races, having as little or as many as you think is necessary, before clicking the orange ‘Add To Betslip’ in the bottom right corner. You then go into your bet slip, which is in the top right corner of the app and have your options there. 

Unlike some other bookies, Neds makes you select which TOTE you want to use, rather than giving you the best available. Once selecting a TOTE, you can then either enter what percentage of the quaddie you want or how much stake you are willing to bet. 

Based on which one you choose and how much you choose, the other will adjust accordingly. You then press ‘Place Bet’ in the bottom right corner and hope that your bet is successful!

What does flexi mean on Neds?

Flexi betting allows you to take exotic bet types (quinella, exacta, trifecta or first 4) and also multiple bet types (doubles, trebles or quaddies) with as many selections or combinations as you like for whatever amount you wish to invest.

How to do a multi on Neds?

Once you add something to your bet slip, and are taken to that page, you can create a multi by going back to other races and adding more bets in. The more selections you add, the greater your odds will be, however the greater the risk it won’t come off! If you study the form and play it smart, you can get some nice odds and then even use a Neds ‘Price Boost’ in your multi, seeing those odds grow even further!

How to place a quinella bet on Neds?

Firstly, you must select the track and race that you would like to bet on. From there, the user will select quinella from the top menu. Then you must pick the horses that you would like to place 1st and 2nd. Finally, click ‘Add to Bet Slip’ and your quinella will now appear in your bet slip, where you can then confirm your wager like you would with any regular selection.

Can you cancel a bet on Neds?

As a general rule in betting, once a bet has been made it cannot be cancelled. Neds have added a number of confirmation steps on the bet slip before a bet is accepted. This gives account holders enough time to confirm their selections and the stake before committing to the bet.

Can you cash out on Neds?

The type of bet you place dictates whether you are able to ‘cash out’ at any stage or not. You can cash a bet out before or during the game however it typically can only be on a fixed odds win in horse racings. 

How to bet live on Neds?

If you select the ‘more’ section in the bottom right hand corner of the app, you will see a ‘Bet Live’ option towards the bottom of that list. This then provides you with multiple options that have active games and the odds that come with those. You then select which bet you want to take, Neds provides you with a unique code to quote and then you have to call to place your bet. 

How to bet on a trifecta with Neds?

Firstly, you must select the track and race that you would like to bet on. From there, the user will select trifecta from the top menu. Then you must pick the horses that you would like to place 1st, 2nd and 3rd. 

In this step, you can either choose ‘boxed’, ‘field’ or you can enter your number manually. Boxed means that each horse you select can finish in any of the three positions in the trifecta. Field means that you select every single horse to finish in that position. 

Entering manually allows you to specifically choose which horse will finish in which position, making it more difficult but more specific to your selections. Finally, click ‘Add to Bet Slip’ and it will now appear in your bet slip, where you can then confirm your wager like you would with any regular selection.

How to watch races on Neds?

Unfortunately, Neds doesn’t have any licensing agreements that allow you to watch races live on the app or website. 

How does a Neds bonus bet work?

Neds bonus bets come in two forms – bonus cash or bonus coupons. The coupons are bonus bets, like you get with any other account, while bonus cash allows you to spend your bonus as you please, in as many different bets or bet amounts as you like, until the cash is all used or they expire, which is typically a week later. 

Final Thoughts on Neds

sportsbook final

Neds is quickly improving as one of the better Australian bookmakers on the market. Their use of technology to come up with unique ways for punters to study form and place bets makes them one of the best options on the market.

Whether it is the Punters Toolbox, Bonus Cash or the incredible promotions on offer, Neds gives punters plenty of ways to win and doesn’t punish them for doing so. Other bookies have been known to ban accounts or promotions from accounts, while this isn’t a common thing with Neds. 

They want you to win and give you the tools to do so, providing punters with plenty of boosting options when placing their bets. We definitely recommend signing up with Neds and taking advantage of the plethora of offers, promotions and features they have available to you.

*Terms & Conditions apply to all racing bonus offers. Please visit the operator's website for details.

Terms Icon

Please visit: for all the important information about responsible gambling.

What’s gambling really costing you? For free and confidential support call 1800 858 858 or visit

  • Bonus
  • Features
  • Online Betting
  • App Betting

Terms Icon

Please visit: for all the important information about responsible gambling.

What’s gambling really costing you? For free and confidential support call 1800 858 858 or visit

Terms & Conditions Apply. What's gambling really costing you? For free and confidential support call 1800 858 858 or visit

Reasons To Choose Neds

  • Neds ToolBox
  • Blended Odds
  • Bonus Cash - a more flexible way to bet

Terms Icon
Terms & Conditions Apply. What's gambling really costing you? For free and confidential support call 1800 858 858 or visit

Please visit: for all the important information about responsible gambling.

What’s gambling really costing you? For free and confidential support call 1800 858 858 or visit