As one of Australia’s most popular online bookmakers, sportsbet offers a huge range of betting markets, including sports, horses, greyhounds and harness racing. Their ‘Bet With Mates’ feature lets you join a group with friends (2 or more people) to pool funds and bet on any sport or race market. They also offer a number of betting apps to make the process even faster and easier, as well as a variety of promotions to help you get started and keep you betting!
The history of sportsbet goes back a long way, and the company has shaped an entire industry along the way. Founded in 1993, Sportsbet became the first licensed bookmaker in Australia. In 2005, it was facing bankruptcy and was on the verge of closure when Matthew Tripp bought the company for AU$250,000. The new owner quickly turned around the business and it was soon booming.
In 2018, Sportsbet reported an underlying profit of AU$215 million on revenues of AU$740 million. They operate as a fully licensed corporate bookmaker in the Northern Territory and are regulated by multiple Australian regulatory authorities at state and national levels.
Whether you’re a novice or an experienced sports bettor, it’s important to have a solid plan of attack when placing bets. Investing in proper research and following tips from winning bettors can greatly improve your chances of turning a profit. But beware of chasing losses and ignoring bankroll management; both can quickly deplete your wagering capital.
Odds are a key part of any sporting event, and they can change dramatically as the game progresses. They’re affected by many factors, including the popularity of a team or player, the amount of money being wagered on a particular outcome and more. As a result, finding favorable odds is essential to maximize your profits.
Aside from the obvious benefits of locating better odds, it’s essential to understand how betting odds are calculated. Using predictive models and other data can help you determine the true probability of a certain outcome. For example, if a computer model indicates that the Titans have a 65% chance of winning a game against the Jaguars, then you should bet on them to win.
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