Sportsbet Review

Sportsbet is an Australian-based online gambling company that offers betting services through its website and mobile app. It operates within the strict regulations of multiple Australian regulatory authorities at federal and state levels.

History of Sportsbet

Sportsbet has a long and distinguished history as one of the world’s top sports betting agencies. The company was founded in 1994 by Matthew Tripp, who predicted the massive boom in online and phone-based sports betting. He and his team developed clever marketing techniques like money-back specials and “justice” refunds, which allowed people to recover losses in the event of extremely unlucky events.

Tripp’s success in creating a booming sports betting industry was due in large part to his smart and effective advertising techniques, but also to his use of clever technology. This enabled him to offer a wide variety of online, phone, and app-based sports betting markets at a low cost.

In-Play Betting With Mates

Bet With Mates is an excellent feature that allows sports and racing fans to pool their funds and bet on multiple races or events together. The process is simple – just gather your mates and set a buy-in amount. Then each member of the group can make a bet on any race or event at any time.

Getting Started With Sportsbet

If you’re new to sports betting, it’s important to understand the basics of how to place bets at a sportsbook. This includes learning how to read odds and calculating profit potential. This will help you decide which sports and betting opportunities are the best for your wallet and lifestyle.

The Most Popular Sports Bets

The most popular bets in sports betting are based on the point spread, which is the margin of points in which a team must win to “cover the spread.” These bets can be made at 11 to 10 odds and can be a huge source of income for a sportsbook.

Some sportsbooks may even offer odds on games that have high-scoring potential. This is a great way to increase your chances of winning but can be dangerous, as well.

Prediction Models and True Probability

Another important thing to consider when you’re placing a bet is the probability that the team you’re betting on will win the game. This is calculated by using a predictive model that takes into account past performance, injury history, and other factors. Using a sports betting prediction model can help you predict the outcome of a sporting event more accurately than traditional methods, and may lead to higher payouts on your bets.

Same Race Multis

In October 2019 Sportsbet launched a same race multi feature, which as far as we’re aware is the first of its kind in Australia. This feature enables you to back more than one horse in a single race and receive a fixed odds price. This can be a great way to bet on a lot of races at once and has the added bonus of being less risky than trifectas or quinellas, as you know the odds you’re receiving before the race begins.