Sports Betting Australia | Best Australian Sports Betting
Sports Betting is all about wagering on the outcome of a sporting event like horse races, football or boxing. Like any other game of chance, Sports Betting is practiced in the hope of winning extra money. Depending on the outcome, one may either win according to the bookmaker’s odds or simply lose their wager.
In Australia, Sports Betting has been a favorite form of gambling and continued to grow in popularity today. One of the things that have led to its boom is Online Sports Betting, which thanks to the Internet, means that you don’t necessarily need to go to a specific place to place your bet.
The History of Sports Betting for AU players
Gambling as a whole has been a part of Australian entertainment for years and Sports Betting, though it was illegal for most of Australia’s history. Sports Betting became very popular in the 19th century, especially in athletics and boxing. Australia’s first official horseracing meet was held as New South Wales around 1810, followed by the famous 1861 Melbourne Cup. The following century saw to a ban on the activity after a mass protest against it. This carried on until the 1970s. It was after this that the laws that had bound gambling, and even Sports Betting were relaxed.
The TAB began to bring back betting on sports in the 70s; it eventually grew to include Football Betting, though their attempts did not get a lot of attention. It was in the 1990s that Sports Betting began to grow. This was due to the governments’ decision to let independent Sports Betting agencies operate in the Northern Territory.
This promoted a rapid growth of Sports Betting such that by the year 2000, bookmakers and TABs were hosting bets on multiple sports games around all the territories and states of the continent. A lot has happened since then that has led to more growth in this type of gambling, including marketing efforts that have increased interest in it. Today, Sports Betting continues to grow and win the hearts of many Aussie players and other gamblers around the globe.
Online Sports Betting Odds in Australia
Now that you have learned a little about Aussie’s Sports Betting basics let’s get into some nitty-gritty, beginning with betting odds. To understand odds, let us start with explaining them.
When playing a game of chance, the possibility or probability of winning is expressed as odds. Probabilities add up to a 100%, so you may have a 50 % chance if winning a head or tails coin spin; the outcomes add up to a 100%. With odds, instead of being expressed as a percentage, this same possibility is expressed some other way depending on the type of odds system you choose to use.
Sports Betting Odds are based on two types of betting odds systems. These are the American odds and the decimal odds system.
Decimal Odds system
Taking the explanation of probability and odds given above, the Decimal Odds system expresses winning chances as a fraction of the probability percentage, instead of as the percentage itself.
So a 25% chance of winning is expressed as 100/25 = 4.
This means in the case that you win, for every AU$ you wager, you will win back AU$4. If you stake AU$20, then you win back AU$80.
American Odds Betting System
This system is based on money line betting, hence sometimes referred to as money line odds. They are expressed with either a + or a – sign.
- Odds with a + sign indicate the amount of money you would win for a stake of 100.
- If it has a – sign, the odds are indicating the amount on money you would have to stake to win 100.
So at odds of +150, you would win $150 if you bet $100. And with odds of -240, you would need to bet $240 to win $100.
Sports Betting games in Australia 2017
Below is a run-through of the most popular sports to bet on in Australia in 2017.
Betting on Football in Aussie
Australia’s football is in two forms; Australian Football, also called Footy or Aussie Rule, and Soccer.
Australian Football is the most cherished version of football in the land down under. It is quite similar to American football with differences in playing rules. In Footy, there are eighteen players on each side instead of eleven, and the players do not wear much in the way of protective clothing. So the tackles are much more grisly and violent.
Soccer, which is generally known as football around the world, is the same in Australia as anywhere else. Gamblers can bet on any of the many international soccer tournaments like The Barclays Premier League and the UEFA Champions League.
Betting on Golf in Aussie
Another popular sport to bet on is Golf. Here you can bet on either:
- The player you believe will win that particular tournament, or
- The player’s finishing positions.
Golf tournaments that Aussie gamblers love to bet on include The Ryder Cup, The PGA Open, and The PGA Championship.
Betting on Horse Races in Australia
This sport has been around for thousands of years, and so has betting on it. Horse Race betting makes up part of many countries’ gambling history and still plays a role in today’s gaming society.
You can make any of the following bets in golf game:
- A win bet – a bet you place on the horse you think will win the race.
- A Place bet – placed on the finishing position of the horse. First and second place win.
- A Show bet – placed on the first, second and third position.
- An Exacta bet – a bet placed on two horses which will finish on first and second position. To win, the horses must finish exactly as you guessed.
- An Exacta Box bet – similar to an exacta bet, except with this bet, the prediction doesn’t need to be on each horse’s precise position.
Betting on Tennis in Australia
The sport of Tennis is also among Aussie’s favorite games to bet on and offers many betting opportunities, especially in the big tournaments. Such includes Wimbledon, The American Open and The French Open.
Sports Betting Tips and Strategies for Aussies
It is time to get familiar with a few things you can do or be aware of to ensure a smooth gameplay or improve your winning potential when betting on sports games.
First of all, when betting on sports, make sure it is a sport you are familiar with or have some knowledge about. This will help you make informed predictions since you would already know some history about it. For instance, you may know the football team that you are betting on and its past outcomes when playing with certain teams. This gives you a better advantage.
Secondly, if you don’t already have knowledge of the sport, then study it as much as possible. Keep up-to-date with the developments of the sport, the dynamics of the team or players, and everything else to do with that sport.
Lastly, have an efficient bankroll strategy and be committed to it. This means you should plan exactly which sporting events to bet on, how much you are going to spend on the wager/stake, and how frequent you will be betting during a specific period.
AU Online Sports Betting FAQs
Online Sports Betting Glossary
Accumulator: refers to a batch of more than two bets on various outcomes. The success of all bets adds up to the punter’s win.
Action: bet of any sort.
Against the Spread: a wager on which team/player will cover the spread. This is not specific to who will win.
Bookie/Bookmaker: a company that has been licensed to offer betting odds and take bets/wagers from gamblers.
Dog player: a punter who usually wagers on underdogs.
Edge: a sports better’s advantage.
Exposure: the highest amount of money that a book (sports betting book) may lose in a betting game.
Handicap: a system where the bookmaker evens out things between competing sides in order to make it more attractive to punters to bet on. This is done by giving the weaker opponent an advantage at the beginning.
Handle: the total amount one has used on wagers.
Juice: the bookmaker’s profit from the bets. Bookmakers take a percentage of placed bets.
Over/Under: betting on the likelihood of the overall score of the teams going over or being under the predicted amount.
Point Spread: a bet placed on the difference between the scores of the opponents, e.g. teams.
The Money line: a bet placed purely on which team/player will win, excluding all other variables.
The Spread: an advantage of, say, a few points given to a team to make things even between them and their opponent.
Yankee: a type of wager that includes several various types of bets in it: an accumulator, four trebles, and six doubles in four different events selections. At least two of these selections must succeed for the punter to win.