Sportsbet Review

Sportsbet is the leading online bookmaker in Australia. It was founded in 2005 by Matthew Tripp, an Australian entrepreneur who anticipated the boom of online, phone and app-based sports wagering. Tripp streamlined the betting process and employed clever marketing techniques such as money-back specials and “justice” refunds that let customers get their bets back after particularly unlucky results.

The profit potential of a sports bet depends on two things: the size of your bet and the odds that were offered at the time you placed your bet. The higher the odds, the more likely you are to win your bet. However, odds are not a guarantee of winning. The most common mistake that new sports bettors make is basing their decisions solely on the profit potential of a bet. This leads to reckless betting and can lead to gambling addiction.

Ultimately, a winning bet will cover the stakes plus the profit. This is why most pros keep near-obsessive records of their bets. It’s also how they test their theories, such as whether or not a left-handed pitcher will win a game. Taking good records will also help you avoid the allure of betting on teams that are not favorites, which is often an expensive mistake.

Sportsbet’s reputation as a responsible gambling company is strong, thanks to its great customer support service and an admirable history of dispute resolution. It has also supported restrictions on advertising to mitigate the risk of gambling on minors, and is a founding member of Responsible Wagering Australia. The company offers a number of self-service tools to help people control their gambling, including a tool that lets them stop betting at any time.