There are several aspects to consider when you are planning to start sports betting in Australia. These include legality and the characteristics of Australian sports bettors. The best way to get started with sports betting in Australia is to start with the basics, such as moneylines, point spreads, and totals. These are the cornerstones of any successful sports betting venture. Beyond basic bets, there are also different types of bets you can place on specific games, such as baseball runlines or ice hockey pucklines. You can even place a wager on three-way betting for many sports.
Legalization of sports betting in Australia
In Australia, there are two major types of sports betting: legal and illegal. Legal sports betting is legal and widespread, and a lot of people do it. In fact, it is so common that the country’s central bank increased interest rates for loans that people could use to fund this hobby. Legalized sports betting is regulated by the Australian Government under the Interactive Gambling Act of 2001. State and territory governments issue licenses to online sportsbooks and operators.
Australian residents can also place bets on offshore sportsbooks. These offshore sportsbooks have been licensed by international gambling commissions and are therefore not subject to local gambling laws. However, Australian residents cannot place bets on live events, which is prohibited by the local regulations.
Characteristics of sports bettors in Australia
A recent study of the characteristics of sports bettors in Australia has revealed some interesting findings. The study included responses from almost 15,000 Australian sports fans. It explored the reasons behind sports betting and the attitudes of bettors. The findings show that betting on sports is more common in younger individuals and those who have less formal education. Similarly, there is a significant gender difference among sports bettors.
The study found that sports bettors who are highly engaged are more likely to have problem gambling. Compared to nonproblem gamblers, they placed more bets on micro events. In addition, they were more likely to be single, younger, and live in a household with children. Further, they tended to place more bets on in-play sporting events and used more sports promotions.
Sites that offer sports betting in Australia
When choosing a site for sports betting, Australian punters will need to check for a few different aspects, such as functionality and the ease of depositing and withdrawing funds. Most AU sports betting sites accept several different payment methods, including credit and debit cards. However, Australian sports betting punters will appreciate a payment method that is native to the country, such as the POLi payment system.
Australian punters can access their accounts from their computer, tablet, or phone through downloadable betting apps. These apps provide a convenient way to access a betting site on the go, and they are generally much faster than web-based mobile sites. If you are looking for a site that offers sports betting in Australia, we recommend you check out Playup, which is a recent merger of Classic Bet, MadBookie, and ClassicBet. They offer competitive odds and a comprehensive sportsbook.
Licensed bookmakers in Australia
Licensed bookmakers in Australia offer a number of payment options, including credit cards, e-wallets (Skrill, Neteller, PayPal), prepaid cash cards (Ukash, PaySafeCard), and direct banking solutions (POLi). These methods are highly secure and usually incur no additional transaction fees. You can also deposit and withdraw funds using cheques or international telegraphic transfers.
Sports betting is an immensely popular and diverse industry in Australia, and the licensed bookmakers here know how to keep punters satisfied. While horse racing is the most popular activity, bookmakers in Australia cover a wide range of sports, including Aussie rules football and rugby, in addition to American sports like soccer.
Cash out feature at sports betting sites
The cash out feature at sports betting sites can be a great way to make a profit when you’re losing. The feature works by giving the sportsbook and bettor both a chance to win. When a bettor wins a bet, they can cash it out to receive their full winnings, or a percentage of it.
Most sports betting sites offer the cash out feature. This enables a bettor to buy out their bet before the match finishes. It makes sports betting more exciting by offering an opportunity to cash out before the game ends.
Risk factors for problem sports bettors
The risk factors for problem gambling among sports bettors are not the same for every individual. They vary based on age, gender, highest education level, and job status. They are also not the same for people who place wagers on a wide range of sporting events. The research also considers normative influences and exposure to advertising, as well as the level of sports betting.
Problematic online sports bettors are also less likely to be Australian-born or have a tertiary degree. They also tend to be younger than other bettors. They are also more likely to be male and speak a language other than English at home. They are also more likely to have negative attitudes towards gambling.