A Beginner's Guide To Sports Betting Online In Australia

Gambling is more prevalent in Australia than almost any other country in the world. More than half a million Australians place regular bets on sports on a monthly basis. If you would like to count among them, we invite you to take a look at a guide to sports betting online. Get acquainted with all the ins and outs of sports betting and learn how to increase your chances of winning more often.

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How To Bet On Sports: Sports Betting Terms

Here is a brief list of some of the most common terms used by sports punters in Australia.

  • Bookmaker – a term that refers to an entity that provides betting odds and can legally accept wagers.

  • Dividend – a term that refers to the payout from a winning bet. A winning AU$5 bet at 3.00 odds would pay an AU$15 dividend.

  • In play - means betting on a fixture that has already started.

  • Tips – a term that describes predictions made by expert punters.

  • Betting exchange – a service that offers a marketplace with set odds. Punters can back their bets at the available odds. They can also lay bets and play the role of bookmakers.

  • Back – refers to betting that a certain outcome will occur.

  • Lay – refers to betting that an outcome will not occur. This type of bet doubles the payout if you are right, and asks you to pay out at the agreed odds if the opposite occurs. Lay bets allow you to act like bookmakers.

  • Single bets are bets placed on just one outcome within an event.

  • Multi bets refer to the selection of at least two different outcomes for certain events. If a least one outcome fails to occur, you lose the bet. The odds of this bet are the product of the individual selection odds.

  • Fixed odds bets are wagers where bettors know the exact odds they are about to receive when placing their bets.

  • Tote betting is a form of wagering where all bets that belong to a certain bet type are put in a pool. Once the house-take is removed, the payoff odds are calculated by sharing the pool amongst all bets that have won. Aussie punters refer to it as the Tote since a totalisator is used to displays the bets that have already been placed.

Types Of Sports Bets

  • Asian handicaps are special types of spread bets in soccer. Thee bets cut the possible number of outcomes from three to two as they eliminate the draw. A soccer match can be handicapped in half or quarter intervals. Quarter handicaps will split the bet between the two next closest ¼ intervals.

  • Draw no bet refers to betting on an outcome where draws are possible. The bet is won if the selected team is a winner. If the game is a draw, the bet is refunded.

  • Exotic bets are bets that do not focus on the final score, but rather on the first try/goal scorer or the first stoppage in play.

  • Line bets refer to bets where underdogs are given a points head start in order to create an even bet. They usually give each team a 50% chance of winning.

  • Over/under bets are wagers on the number of goals, points, or tries that will be in the fixture.

  • Spread bets are high-risk bet with the payoff or the loss being proportional to the wager's accuracy.

What Are Betting Odds?

Odds let you know how likely it is for a certain event to happen. They also give you an idea of how much money you should expect to win. They are found in the decimal or European format, the fractional or UK format, or the moneyline format. Aussie punters are familiar with decimal odds, which are the ratio of the full payout to the stake, in its decimal format. Even bets refer to 2.00 decimal odds. Fractional odds refer to the ratio of the amount won to the stake. An even bet in the fractional odds format is 1/1. (one to one) Moneyline odds refer to the amount won on a 100 stake when positive, or the stake needed to win 100 when negative. 100 moneyline or American odds are an event bet.

Tips For Betting On Sports Online

With lots of sports betting sites to choose from, and more and more mobile betting sites to opt for, placing a bet on your favourite sport is easier than ever. Here are the main steps to follow:

  • Select a reliable site. Use professional reviews and only select the most trustworthy, popular, and safe bookies online. Make sure they cover all the sports you are interested in. check their available banking options and see if you can deposit and place bets using the Australian Dollar. Find out whether live bets and mobile betting are available, and how competitive are their odds. These are some of the most critical questions you should find answers to before registering your account.

  • Open a new punter account. It shouldn't take more than a couple of minutes. Search for the Join Now button and fill in the required personal information there.

  • Make a first deposit. Search for the Deposit Funds or My Account button and select your preferred deposit option.

  • Start placing your bets. Take a look at the list of sports, click on a few and analyse the available betting markets. Compare the odds and add it to the betting slip, then enter the amount you want to wager. Confirm the bet and cross your fingers for the desired outcome.

How To Increase Your Chances Of Winning A Bet

Set a budget so you do not get carried away and bet more than you can afford to lose. Stick to your budget and remember to always compare the odds and lines. Look for the best value for each of your wagers. This means looking for the best odds and lines for the markets you are interested in. having several accounts on different sites could help.

Give live betting a shot and bet on events that are taking place and you will have more chances of making a profit.

Withdraw some of your winnings from time to time, but do not withdraw everything and spent it all in the blink of an eye.

Keep an eye on special deals and bonuses including enhanced odds and cashback on wagers.

Use this a sports betting guide for Australians and initiate your journey at the best Australian bookmakers on the internet today!

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