The history of Australian sports betting sites dates back to 1993, when Sportsbet was set up in Darwin, Australia. It was the country’s first licensed bookmaker. However, it faced a number of financial problems and was on the verge of bankruptcy. A group of investors, including Matthew Tripp, eventually bought the company for AU$250,000, and it was soon staffed by eight people. The company helped shape the industry and eventually reached a critical mass.
Online sports betting is growing in popularity in Australia
Online sports betting is increasingly popular in Australia, and the market for betting on sports is set to continue its rapid growth over the next few years. According to a recent study by the Australian Communications and Media Authority (ACMA), more than half a million Australians wagered on sports regularly in 2015. These participants were predominantly male (88%) and aged 18 to 49. Moreover, they spent almost half of their typical gambling budget on sports. Moreover, forty-one percent of regular sports bettors reported gambling problems, and almost half of those had moderate to severe gambling issues.
Australian sports betting websites are regulated by the Australian Communications and Media Authority (ACMA). This body oversees the industry, and ensures that licensed sportsbooks adhere to local regulations.In addition, Australian law prohibits gambling until the age of 18.
There are many options for bettors
The Australian sports betting market has a diverse range of offerings. Many betting sites accept payments via credit or debit cards and offer the option to deposit using a prepaid card. In addition, you can find smaller betting sites for tournaments and smaller sports.
While you have many options, it is advisable to take a look at each site’s design and functionality. The site should allow you to track your wagers, check your profit, and withdraw your winnings with ease.
There are a number of bookmakers to choose from
check if gambling is legal in Australia, and look for payment methods that are secure. Also, do not be fooled by flashy bonuses and offers. They do not necessarily represent better sites, or offer more features.
A few of the best sportsbooks in Australia are Unibet and Neds. These two sportsbooks offer a great range of markets and excellent odds. Depending on your betting style, you might want to try Palmerbet or Betchoice Corporation Pty Ltd. Alternatively, you could look for a new sportsbook like Midasbet. This sportsbook is relatively new and has solid betting markets, and offers rewards for a loyal customer base.
Live betting is becoming more popular
Live betting, also known as in-play betting, has been increasing in popularity over the past few years in Australia. Most gamblers want to watch live games, so in-play betting offers a great opportunity to do that.
The legality of live betting in Australia is in doubt due to local gambling laws. However, offshore sportsbooks continue to benefit from this, and they are accessible throughout the country. Until the Australian government passes legislation regulating online gambling in the country, these offshore sportsbooks will thrive.