Sportsbet is an Australian online gambling site owned by Flutter Entertainment. Its primary target market is Australian players, and the company is licensed as a corporate bookmaker in the Northern Territory under the Racing and Betting Act 1993. As of September 2012, Sportsbet is available in over twenty countries. Despite its name, there is a lot of confusion surrounding its legal status. Below are some of the questions that you might have when placing a bet on sports events.
If you’re into horse racing, Sportsbet offers free live streaming of all Australian thoroughbred, harness, and greyhound races. Another feature that Sportsbet offers is Same Race Multis, which allows punters to place bets on multiple horses in the same race with fixed odds. This is similar to a quinella or trifecta bet. Whether you’re looking for a small wager or a big one, you’ll find everything you need in the app.
As a new punter, it may be overwhelming to navigate the Sportsbet website. While the home page features an extensive list of markets and sliding promotions, you may not know where to start. Luckily, Sportsbet’s homepage always displays a betslip so you know how much you’re betting at any given time. Also, the website makes it easy to see all pending bets and active bets.
The company’s aggressive advertising has led to several controversies. A 2007 commercial featuring ex-footballer Ben Johnson was banned by the Advertising Standards Board. In 2017, Sportsbet paid $490 million to more than 1,500 entities. However, it reported an underlying operating profit of $215 million and annual revenues of $740 million. The ads often cause controversy, as it makes light of the use of performance-enhancing drugs in sports.
A flat-betting approach protects your bankroll during downtime and creates a positive ROI when things are going well. A popular sports bet strategy is betting on the point spread, which is the margin of points that the favored team needs to win to cover the spread. The point spread is often 11-10, so a $100 bet on Duke will win $110 if the Blue Devils cover the spread. On the other hand, a $100 bet on Penn State will pay out $21, while the same $100 bet on Duke will win $10.
Another way to place your bets is to download the Sportsbet app. This app is easy to use, and works seamlessly. You can view and follow live race commentary, and find thousands of different betting options. If you don’t have the app on your phone, you can download it from the Sportsbet website. You can then use it on your smartphone to place bets while watching your favorite race. If you want to download the Sportsbet app, you can do so for free.
Aside from the sign up bonus, Sportsbet also offers a variety of other promotions. If you’re interested in betting on horse races, for example, Sportsbet offers $50 Bonus Bets if you bet on the winner. For team races, you’ll be awarded with a Bonus Bet for finishing 2nd or third. You can also take advantage of special betting offers that are available for horse races. You can deposit funds using various methods, and even set a limit on how much money you want to spend.