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Sports Betting in Australia – What are the options?

Sports betting is a popular pastime among Australians. Dating back many years, they have embraced it into their culture with great excitement and passion. With online gambling going big in Australia, it’s making huge waves in a way that sports betting in Australia has now become a part of their regular entertainment regime. 
Sports betting plays a huge role in the Australian culture, and Australians are some of the keenest gamblers you will find. You would be surprised to know that the revenue generated from sports betting in Australia over the past decade has tripled. This must tell you something about how passionate Australians are about sports betting.

Sports Betting and Gambling Facts About Australia 

Even though Australians enjoy betting, most of them are not aware of some interesting facts and details related to it. Here are some interesting sports betting facts about Australia:
  • More than 80% of Australians participate in some kind of gambling or betting Around 40% of the Australian population enjoy playing poker. 
  • Poker has an average payout percentage of 90% – 92%
  • Woolworths is one of the biggest entities that hold a monopoly of AU poker machines, earning $200 million annually. 
  • A large number of high-loss poker machines makes it riskier to gamble in Australia.
  • Australian adults have been enjoying betting in their home ground for over two decades. 
  • Studies show that Australians are some of the biggest betting fans in the world. 
  • With around 200,000 slot machines, Australia holds 20% of the gaming machines in the world. 

Major Sports Betting Markets In Australia

A few standouts among the popular sports that betting enthusiasts usually punt on include:
  • Football:
The Australian Football League has a huge Australian following, with fans throughout the coronation. Though Socceroos – the national team and A-League attracts a massive amount of online sports betting, Australians all across the country are more interested in betting on the World Cup. 
  • Cricket:
Next to football, cricket holds an expansive range of betting options among Australians. Due to the T20 cricket, test matches, ODI series, and domestic and first-class competitions worldwide, it offers huge wagering opportunities on throughout the year. Cricket betting is one of the popular sports betting markets at Australian betting companies.   
  • Tennis:
When it comes to Australian favorites, Tennis takes on a huge chunk of the sports betting industry. The Australian Open in Melbourne takes place every year, attracting a huge audience from across the world. This ignites the betting action among fans due to the live punting on matches. 

Best Sites for Sports Betting in Australia

It would be best to consider various factors while choosing the best platform for sports betting in Australia on Let’s have a look at some of the main factors that play a role while choosing the best site that the betting market has to offer
Most of the good sports betting sites in Australia should provide:
  • Mobile friendly sports betting platform, 
  • Leagues and games both abroad and in Australia to punt on.  
  • Australian-friendly payment options.
  Key points to look for before choosing a platform for sports betting in Australia:
  • Does it have a certified SSL digital encryption to secure your details and money?
  • Is the site regulated or licensed by an Australian territory or state gaming authority?
  • Do they offer competitive odds for all the major sports markets?
  • Does it have reliable and dedicated customer service support 24/7 for racing and sports-related queries?
  • Does it offer a secure and fast payment option for sports betting?

Popular Betting Platforms in Australia

  • Palmerbet:
Founded in 2013, this Australian-owned and operated bookmaker is known as one of the best bookies in the Australian betting industry. If you’re looking for incredible odds on racing, Palmerbet is the best option. Also, it provides a large number of promotions and a solid range of betting markets to gamblers.
  • WinnersBet:
Being brand new in the sports betting world, WinnersBet is owned and operated from Australia. As they make a splash in the betting industry, they offer a wide range of rewards programs to loyal punters. Due to the vast array of betting markets, it would be great to open an account with them if you’re looking for a new sportsbook.
  • Bet365:
Being one of the largest and most respected sportsbooks globally, Bet365 is a place for live sports streams for the most popular leagues worldwide. In addition to a range of exclusive sports betting markets, it offers the best odds in the betting industry. Though it does not offer any signup bonus, it has some incredible promotions for horse racing, soccer, NRL, and AFL.

Online Sports Gambling Boom During The Pandemic 

The boom in the sports betting industry during the pandemic in Australia has helped foreign-operated sports bookkeepers to amass billions of dollars in the past year. The parent company of Sportsbet, Flutter Entertainment, gained around $30 billion during the COVID-19 outbreak. 
The constant sports betting ads have promoted and triggered many to gamble their savings during the lockdown. This has resulted in sports betting being the fastest-growing gambling market in Australia. 

Frequently Asked Questions 

1. Is It Legal To Take Part In Online Sports Betting In Australia? Absolutely. The majority of the Australian betting companies have online platforms and mobile apps, making it easy to bet on the go. 
2. Has The Australian Regulatory Bodies Convicted Any Sports Bookies Or Gambling Operators? The Australian government has never taken legal actions against any sports betting or gambling sites. 

Closing Thoughts

Finding the best Australian sports betting sites is the first step to venture into the world of sports gambling. Though certain betting sites offer the best odds, they may not have a large number of markets. It is best to do your own research before you start enjoying sports betting in Australia.