Sportsbet is a betting agency that offers a wide range of betting markets and features. It’s one of the most popular sportsbooks in Australia and is perhaps only outmatched by the TAB.
It was founded in 1993 in Darwin, and has since grown to become the nation’s first licensed bookmaker. Matthew Tripp bought it for AU$250,000 in 2005 and it has been growing ever since.
Features and interface
Sportsbet provides a user-friendly interface that is easy to use. It has a navigation pane with dropdown links that lead to the most popular upcoming events. It also offers a list of featured sports and leagues to select from.
Racing & Sports
The website has an extensive selection of sports & racing, including local and international horse racing as well as AFL and NRL. It also has free live streaming of thoroughbred, harness and greyhound races.
Odds and Profitability
If you’re new to sports betting, odds are a key factor in deciding which wagers to choose. They represent the probability of a certain outcome occurring, and they are used to calculate payouts.
For example, you may bet on the Seattle Seahawks-Rams Over 42.5 points, which means you’ll win if the game finishes with more than 42.5 points.
It’s important to remember that sportsbooks are for-profit businesses, and they make money by charging a fee called the vigorish. This is similar to a commission or mark-up charged by a retail store on items they sell, and it helps them cover their expenses in the event of a losing wager.