As the name suggests, sportsbet is a bookmaker that allows Aussies to place wagers on, well, pretty much anything. From major horse races and cricket matches to reality show contests and TV plotlines, you can bet on them all. And while some of these bets are purely for entertainment value, others can provide serious winnings.

The odds for a bet are expressed as a ratio of units paid to unit wagered. This number, which can be adjusted by the amount of money placed on each side, is the probability that the bet will win. Odds that are higher than 1 indicate the team/player is favored to win. If a team has a “+” before the odds, they are considered the underdog. For example, a team that is +100 to win the Super Bowl is considered a longshot.

Betting on sports can be fun, but it is important to remember that it is gambling and can lead to addiction if you are not careful. It is recommended to only bet what you can afford to lose and to always keep track of your bets (a standard spreadsheet works fine). Moreover, we encourage you to practice Responsible Gambling by setting loss limits and enabling self-exclusion tools.

Bet With Mates is a great feature that allows you to pool your bets with mates (2 or more people). This means you can place bets together and share the winnings. This is a huge advantage over other Australian bookmakers and it is available for all racing markets and selected sports bets.