As its name suggests, Sportsbet is a website or app that Aussies can use to make wagers on…pretty much anything. This includes major sporting events, but also reality show contests, TV plotlines, and a whole lot of other random outcomes.
Payouts are based on the odds at the time you place your bet, and your stake. The higher the odds, the higher your potential return. The payout is then adjusted by the sportsbook’s margin to ensure it’s still making money.
The lower the odds, the smaller the payout. The exact amount isn’t publicized but you can get an idea by looking at the odds on individual games and comparing them to the overall market. If the line on a team is +400, for example, you know they’re an underdog. If they’re -150, you know they’re a favorite.
The Sportsbet website can be a little overwhelming at times due to how busy it is, but the range of popular betting markets should satisfy most punters. Their mobile site is condensed for a better experience, and it’s easy to find the markets you’re after.