How Long Do TexBet Withdrawals Take?

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O’Shea Bookmaking, now TexBet, has a long track record of success. Terry O’Shea founded the family betting business in 1973 and has continued to operate since then. He became one of Australia’s best on-track bookies, so getting online was a natural progression. TexBet was founded in early 2020 after teaming forces with the successful ‘BetMakers’ platform.

They host a huge spectrum of Australian racing events, ensuring that there is something for everyone. Of course, TexBet excels at horse racing, but they lag behind many when it comes to sports betting. The market selection is likewise rather impressive. You’ll find everything from standard win/place wagers to exotics like quinella, trifecta, and exacta. There’s also tote betting, which includes Top and Mid.

Registering An Account With TexBet

Signing up is a straightforward process that requires only the typical information such as name, address, and phone number. Getting up and running takes less than 2 minutes.

The next step is to select a deposit limit, which is a great idea considering how much money you’re willing to part with. You can lower your Deposit Limit at any moment, but it will only take effect after 7 days if you raise it or remove it. Setting a deposit limit will help you keep track of your spending by limiting the amount you can deposit each day, week, or month. The final step is verification which requires driver’s license details.

Go to the Account section and confirm your TexBet account by clicking the button and entering further information. You don’t have to verify your account right away; however, you will need to do it within a certain amount of time if you want to withdraw any wins.

The GreenID procedure from TexBet is simple and takes only a few minutes to complete. GreenID is a system that compares your personal information to official databases such as Medicare and driver’s licenses to confirm that the information on your account is correct. If it doesn’t detect your information automatically on rare occasions, you’ll have to enter one form of identification manually.

Payment Methods For TexBet

TexBet accepts all of the standard payment options. Credit/debit cards, BPAY, POLi, bank EFT, or cash deposits at your local Westpac bank are all options. E-wallet users could be frustrated because Skrill and PayPal aren’t available. TexBet is expected to launch at least some of them in the coming years.

Also, as soon as you register, be sure to authenticate your account. To authenticate your identity, they’ll require you to send copies of personal documents. After that, you can use TexBet to deposit, bet, and withdraw money whenever you want.

To ensure that consumers may deposit money in various ways, TexBet presently supports three distinct payment methods. Visa, Mastercard, bank transfer, and POLi are all acceptable payment methods. For withdrawal, Bank transfer or Mastercard, Visa options are available.

Deposit Methods: Cash, MasterCard, Visa, POLi, and Bank EFT
Withdrawal Methods: Bank EFT, MasterCard, and Visa

TexBet Withdrawal Process

Withdrawals can be made using a credit/debit card or bank transfer. Depending on your bank, you may have to wait for a long period. After sending the withdrawal request, it will take four to five business days to get money in your account.

You can take your money out whenever you want. This is a straightforward procedure. To begin, log into your account and then go to the “Account” area, where you will find the “Withdraw” button. After that, you’ll be asked to follow some steps.

Is There A Minimum Deposit Amount For TexBet?

There is, indeed. Most betting-related websites operate in this manner. The minimum deposit amount at TexBet is set at $10.

Is There A Minimum Withdrawal Amount For TexBet?

There is, indeed. The minimum withdrawal amount at TexBet is set at $20. Additionally, to withdraw the minimum requirement, you must have at least $20 in your account.


TexBet is a well-established online sportsbook that accepts Australians. The range of racing bets available through the service is impressive, and you have your choice in deposit options. When dealing with a sportsbook, withdrawals appear to be processed quickly, which is always a good indicator. The time it takes to withdraw money normally varies depending on the payment method. You’ll have to wait a maximum of 4-5 days to receive your payment.

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