As an online sports betting website, sportsbet accepts wagers on a wide range of events and teams. Before placing a bet, check out the site’s rules and regulations to ensure that you are following the law in your jurisdiction. You can also check out our map of states where sports betting is legal.

Sportsbet was founded in Darwin, Australia in 1993 and became the country’s first licensed bookmaker. Matthew Tripp had the foresight to anticipate a boom in online, mobile and app-based sports betting and shaped the industry along with it. He marketed his company using clever techniques such as money-back specials and the promise of justice in the event of an unlucky outcome.

There are a number of different sports bet types, and each one offers its own unique set of advantages and disadvantages. A straight bet, for example, is a simple wager on the outcome of a single game or event. Other popular wagers include point spreads, where the bookmaker sets a margin that the favored team must cover to win. Another option is a parlay, which combines several bets into one larger wager. This type of wager can pay off big, but it’s important to understand the risks associated with it.

Each year it seems like more and more sportsbooks offer the opportunity to bet on season-ending awards in various sports before the season even starts. These are known as futures or prop bets and can provide a good source of income for savvy sports bettors.