Online Sportsbook Australia 2019
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BEST SPORTS BETTING SITES IN AUSTRALIA 2019
Population of Australia: 24,900,000
Active Players: over 9,000,000
Estimated turnover of gambling per annum: 23.694 billion
Regulated Gambling Products: Lotteries, Keno, Casinos, Pokies, Sports
Types of Operators: Gaming terminals, Casinos, Betting shops, online
Regulating Authorities: bodies vary from state to state.
Status: State-level regulated.
For the past two hundred years, Australians have been placing bets as part of their culture and there’s no doubt that it’s a favourite hobby for the typical Australian. In 1996, Online Sportsbook Australia was introduced and because the Australians were so interested in gambling, a bill known as the Interactive Gambling Act was passed in 2001. The most popular way of gambling in Australia is via sports-betting just like in many other countries. Football betting became the most patronised sport in betting, in recent times. Another factor that fuels the Australians to gamble is the fact that Online Sportsbook Australia has been done in such a way that there are various ways to place bets by the betting companies.
FIVE THINGS TO KNOW ABOUT BETTING SITES IN AUSTRALIA
39% of the entire adult population place bets at least once a month.
All winnings made from gambling are tax-free.
The law-approved minimum gambling age is 18 years old.
In 2018 alone, over 23 billion Australian dollars were used to stake on bets.
5% of the entire global online gambling population comes from Australia alone.
We have culled a list of the best Online Sportsbook Australia based on the reviews from both the consumers and experts in this industry. Also, we regularly update the list with the websites that have either upgraded a product or have been newly licensed to operate.
There are a number of features you should check out when determining which Australian betting site, you would like to place your bets on so as to get the best out of your gambling experience. The features you should watch out for include:
Local Payment options; search for the kind of options that are available to use based on financial matters. Some options which are popular include ‘POLi’ which doesn’t require you to put in your credit card information, Pre-paid credit cards offer you aid if you want to keep your budget on betting in check, and e-wallets such as Skrill Australia which provides a useful advantage over using banks. Live phone betting, where you can play a quick feature of betting known as the “In-play betting”. However, it is only available on the mobile version of the site or on mobile applications.
High odds and variety in the markets: you should place your bets at odds which provide real value to be able to make a profit. This means you should do a little research going through different reputable sites to find which one offers the best odds. This, and the fact that there are a number of markets to choose from, shows that you can make a huge profit off of betting.
The Australian dollar being accepted: look for reputable sites that are willing to accept the Australian dollar for placing bets. You can extend your search to betting sites with foreign origin as far as they are legitimate and trustworthy.
HOW GAMBLING IN AUSTRALIA TAKES PLACE?
In Australia, there are two parties involved when talking of gambling; the players and the betting company. So, we shall discuss Online Sportsbook Australia in terms of the best and most reputable sites and the terms and conditions binding both the players and betting company together in agreement.
BETTING WEBSITES IN AUSTRALIA
The federal government and the different States control the different betting sites. In the case of the States, they control the sites operating in their territory. All the States have laws regulating the activities of gambling. In the Northern Territory, the establishment of the NT Racing commission regulated the activities of betting sites on horse and dog-racing. The next well-known state-owned regulating commission is the Licencing NT who is in charge of issuing licences to gambling sites for the Northern Territory. All other States have firms like this which dish out the regulations which these sites must abide to before they can issue licences.
The Interactive Gambling Act of 2001 is the major rule regulating gambling sites on a federal level. This law overrules all the State rules and regulations and covers all the online-gambling outlets in the country. When it comes to taxation for the sites, the amount charged differs from State to State and the product each website offers. The betting websites in Australia all belong to a union called the Australian Bookmakers Association (ABA) who represent their interests and is made up of participants from all the registered websites.
KEY INFO FOR AUSTRALIAN PUNTERS
It is important that you go through some common rules that apply in Australia in respect to gambling. The first rule is that the approved age for betting is 18 and it is mandatory that you provide a copy of your ID when verifying your account. However, all winnings taken from gambling websites are tax-free. This is because the government sees Gambling as a hobby and not an occupation; also, they perceive the winnings as luck and not hard work. So, all taxes are taken from the betting companies.
If there is a complaint that you have made that has not been treated by the Customer Care representatives on the website, you can place a complaint via an online form to the third party which is the regulating body in charge in the region where the betting site operates.
HOW TO DEPOSIT AND WITHDRAW?
Banking as a whole is now moving to new levels and this has been reflected on the Australian Betting sites of depositing and withdrawing cash. Australia is also evolving in the ever-changing trend of new banking ways.
So, we will describe the best ways for you to be able to deposit and withdraw money in your account.
PayPal Australia is the first on our list. Although it is an internationally recognised payment platform, most of the Australian betting sites do not accept it as a payment option. So, it is advisable to bet with foreign betting sites like ‘Bet365’ that make use of the PayPal payment platform.
Skrill Australia is another good payment platform. Together with Neteller, they are the best E-wallets which can be used to fund Australian betting-site accounts. The great feature about these E-wallets is that deposits are credited immediately and that they are compatible with almost all the AU betting-sites and ‘POLi’. However, other E-wallets like Entropay Australia are accepted on fewer sites and are limited to the preparation of virtual cards. You can use them on websites like Marathonbet and 888sport.
POLi is very popular and is often times seen as the best way for funding and withdrawing from AU betting-sites as they are accepted by many local betting-sites. Just like Skrill Australia and Neteller, the deposits are credited immediately and there is no need for credit card information. Withdrawals are not credited immediately though, as they pass through the bank to credit accounts and so may take a few days. Additionally, there are no transaction fees.
Flexepin Australia vouchers are readily acceptable for funding on betting-sites. They don’t charge on transactions and deposits are immediate. Just like POLi, withdrawals take a few days before they are credited to the account.
BPAY is another payment platform that is good enough for deposits. The limit to this payment platform is that it is only a deposit method and you may have to make the deposit via the bank teller before you will be able to make a withdrawal. Withdrawals are made via bank transfers and take a few days before they are credited.
FAVOURITE SPORTS ON AUSTRALIAN SPORTS-BETTING SITES
Australian betting companies take advantage of the fact that the Australians love competition in sports and offer over a hundred sports events for betting. Sports like cricket, netball, football and basketball are usually found on the Australian betting-sites. Without a doubt, the Australians’ most popular sport is the “Aussie Rules”. Betting companies provide more than 100 fixtures to bet on these sports and give amazing odds to entice Australian punters. Another game of note that takes attention, is Rugby. This sport is also sought after by punters and they use it to predict the outcome of games involving their favourite teams or player.
PICKING AN AUSTRALIAN BETTING SITE BONUS
The Australian betting sites are known to be dishing out amazing promotions and bonuses. So, whether you are looking to sign up on known reputable sites or upcoming sites, be on the lookout for sites that offer nice bonuses. It is advisable to sign up on as many sites as available, so as to be able to take advantage of the bonuses that come with that site. Also, there are other promotions such as loyalty rewards which these sites use to reward loyal customers too.
NEW BETTING SITES IN AUSTRALIA
You should be wary of the fact that there are now new sites entering the market and trying to attract customers. While this may be a good thing as it reduces the monopoly of the market, you should be wary and cautious of it. We have put together a list of best-betting sites to have an account on and we regularly update the list with potentially good sites. You can also check out other reviews from fellow punters to know their thoughts on different betting-sites before you finally decide to sign up with anyone.