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Tuesday 20st, December 10:40:43 Am
Understanding Sports Betting - Spreads and Betting Odds explained for Beginners


Most of what is covered applies to sports betting around the world, however the focus here is on the terminology used in Australia. Calculation examples use decimal odds. New terms are highlighted in bold.

NOTE regulation prohibits the publishing of certain promotions in New South Wales and Western Australia. Based on your IP address it appears you are not in NSW or WA so we can display such content to you.

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Bookmaker Odds Comparison Bookmaker odds with stats predictions. Excel Betting Tracker Spreadsheet Track your betting performance. Are you familiar with sports betting? It’s possible that you’ve heard about it or you may have even attempted to make some quick cash while betting, but we’re here to tell you all about the subtleties and the best aspects of it.

This activity can be glorious and thrilling! To start, the two main types of sports betting are online and offline betting. If you pick to bet in land-based sportsbooks and betting venues, you will do so in a physical space. And if you choose online betting, you will place your bets virtually through an app or website. It’s essential to know that sports betting might n. I just gave a gist of how the sports betting works.

Similar analogies can be made for Cricket and other sports as well. Related QuestionsMore Answers Below. Do you practice sports betting? How much money have you made on sports betting?

How do I start betting on sports automatically? What is sports or betting exchange trading? And whenever you work with online sportsbooks, you always run the risk of ending up on a shady site that won't let you cash out, or one that takes so many fees and crap that it eats up your entire profit.

That's assuming they'll even let you make large bets in the first place. If you have like a betting limit, you end up making one bet a month with a net profit of like. Find the best Australian eSports betting sites reviewed and ranked for all your online eSports bets. Place real money eSports bets on your games of choice! If you are completely new to the world of electronic sports betting, you may be wondering what eSports is and how it works.

ESports, short for electronic sports is simply the practice of competitive video gaming. While gamers have been challenging each other online for some years now, only recently has it become a million-dollar industry with professional leagues and international tournaments held throughout the year. With electronic sports betting, you can bet on teams or individual players to win a match or tournament just like with Rugby, Cricket or any other type of sports betting. In much of Europe, bookmakers are licensed by the government and have public offices like this one in Glasgow, Scotland.

Photo courtesy Jim Byrne, Glasgow West End. Different sports have different systems for oddsmaking and betting. Super Bowl betting generates the biggest handle of the year for most bookies. Sportsbook - An establishment that takes bets, also known as a book. An individual who takes bets is a bookie. Juice - This is the percentage of all bets taken by the bookie as profit. The juice is also known as the vig, short for vigorish. Sometimes bookies take a straight percentage of the handle, but more often the vig is figured into the odds.

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Online and sports betting in Australia is huge. It is estimated that 80 of Australians have placed a bet, which is the highest population percentage on the planet.

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It is also estimated that half a million adults bet regularly, spending around 1, each over the year. Aussie's love for sports betting originates in their love for sport. The country is sports mad, over achieving for their population size in a wide range of events including Track and Field, Rugby, Cricket, Field Hockey - the list goes on.

Even, in the lesser played sports such as soccer, they have still produced one of the. Online Sports Betting Australia. As one of the few nations to wholly embrace sportsbetting, Australian punters are fortunate enough to have access to a huge number of online bookies.

The Australian online sportsbetting industry has become huge in recent years and is eclipsed only by online casino entertainment, another favourite of all locals. The growth of this industry has seen Australian bookmakers rise to the top of the online arena and the plethora of sites that offer great odds, access to a number of different markets and great online betting opportunities is almost a little overwhelming. Betting and sports have been bedfellows for centuries.

But the relations between the two have been deteriorating. The biggest setback has come from the rise of illegal betting. The industry has grown not just in terms of revenue, but also in its reach, and there are now fears over its influence on the outcome of sporting events. The allegations of match-fixing across various sports have once again got sporting bodies and lawmakers across the globe worried and they are trying to find ways to counter the sector's growing might.

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Sports Betting in Australia is a form of gambling where punters can bet on sports matches or sports events to win real money.

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Interest in Australian online sports betting websites has grown exponentially with the growth of the internet and mobile technology. Aus Sports betting sites provide sports betting odds that help the bettor when deciding which outcome to wager on. Australian punters can also bet on likely events during the match from other sports betting lines.

We provide sportsbook reviews to help you find the best sports betting offers. If you are new to betting on sports our step by. Bet on to sports leagues like AFL, NRL, NBA, NFL, cricket, soccer and all other major and not-so-major sports at the best online bookies.

Upcoming sports betting events. Let us guide you through the near-endless options available at our top betting sites and show you how to get the most out of your Aussie dollar when having a punt on your favourite sports. Bet Up to in Bet Credits for new customers at bet! Best sports betting sites in Australia. There are several things you need to look out for when choosing an online bookmaker. A big spread of betting markets across all popular sports is an absolute must, but that’s only one part of the puzzle.

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Find the best sports betting guide for Australian musecrafters.com sport betting tips and more. The very first thing all new punters should know is that these are the best sportsbooks in Australia. They provide Aussies with the widest range of betting options and great odds too. Australian Sports Betting Sites Neds. Popular Sport Bet Australia Options. The top-rated online betting sites allow Aussie bettors to place wagers on a number of great sporting events.

That said, events involving the following sports have proven to be especially popular with Australian punters.

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A key part of learning how to win money betting on sports is knowing how odds work.

So, we will try to explain live sports betting odds in the simplest of possible manners. It is important to know that there are multiple sports betting systems. Here we will explain the two most popular decimal odds and American odds. The decimal system was made for ease of use and is employed by most online betting sites Australia.

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The Australian sports betting market has experienced dramatic growth in recent years with homegrown Australian brands competing with large international brands operating for the increasingly sophisticated Australian sports betting fan’s business. Homegrown Australian brands offer a greater focus on sports popular in Australia, particularly Aussie Rules Football AFL, Rugby NRL and Rugby Union, Basketball and Cricket, while the major international brands tend to focus on international sports and sporting events, including soccer leagues around the world and all major North American sports in How to Ensure that an Australian Betting Site is Legitimate. Online Betting Australia What’s the Best Site for You?

Although the number of Australian bookmakers is way lower than what's available in other markets, Aussie bettors have quite a lot of options to choose from. Depending on what sport you want to bet online, or based on what aspect is essential to you, join the betting site that fits your preferences best. Smartphones have undoubtedly had a significant impact on the online sports betting industry.

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They've revolutionised how we bet when we bet and what we need to place a bet. Generally speaking, an entirely new branch appeared, mobile betting.

It didn't change the odds, and it didn't impact the betting offer, but it gave us another aspect to evaluate our favourite Australian betting sites.

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Betting Planet Sports betting sites in Australia Australian horse racing. Australia has a champion horse currently racing. Winx has stolen the public’s imagination with 13 consecutive wins including many group If there is one thing Australians place above all else in their homeland it is sport, and amongst the upper echelon is the sport of kings horse racing.

Attracting an annual wagering amount of 15 billion via the traditional methods alone, it could be argued that horse racing is Australia’s national pastime. Not only is it bet upon more than any other sport in the cou. At Betting Top 10 Australia, we only recommend only trusted online betting sites for you that comply with the standards of the Federally-registered Interactive Gambling Act that provide their customers with Quality Australian-based customer service.

Protection from illegal offshore sites. Q How do betting sites make money? Bookmakers set odds for sporting events and use mathematical betting margins to try and make a profit on each market. Sometimes known as the overround’, this built-in percentage theoretically gives the bookie an edge’ on everything they price up. Payout usually take around working days to process, although some e-Wallet transactions are completed much quicker.

Q Are betting sites safe and secure.

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Best Australian Sports Betting in Find the best sites for online sports betting in Australia. Independent rankings of safe secure sites. Australian gamblers can bet on sports both at locally-regulated bookmakers and online with any one of the top Australian bookmakers.

Whether you want to make a sports bet on the National Rugby League, Melbourne Cup, or any big sporting event somewhere else in the world, there are numerous Internet betting options available to Aussies. Gambling is a huge part of the Oz bet culture, with Australians easily among the keenest gamblers in the world. While, in Australia, sports betting online is not the most popular form of wagering in the country, it is a popular pastime. How gambling in Australia takes place.

When it comes to gambling in Australia there are two sides of the fence, the operators, and the players.

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We will take a look at everything from the best sites for players, to the rules and regulations that both players and operators must abide by to strike a fair bet. Betting Websites in Australia. Australians are renowned around the world for their competitiveness when it comes to sports, and Australian betting companies offer punters hundreds of sports events.

Along with cricket, basketball, football and netball, Aussie punters can find markets on the nation's favourite sports. The biggest betting sport in Australia is undoubtedly Aussie Rules. View all our sports betting vacancies now with new jobs added daily! An opportunity to be part of the fastest growing Sports betting business in the world as a live sports Trader within Sportsbet’s US sports team.

Work closely with senior management. Begin a career on the path to executive management. Begin career on the path to management by joining a rapidly growing online wagering business and get involved in every department to build your career.

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Most sports betting sites use American style betting odds and a lot of people seem to have troubles understanding how to read the betting odds and how exactly they work. In this video I do my best to quickly explain how American style betting odds work. In the video I give an example using both negative odds and positive odds. Expert predictions and advice.

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Sportsbook ratings and reviews, assessments from real players and predictions made by the best forecasters. A They play hard, they play often, and they play to win.

Australian sports teams win more than their fair share of titles, demolishing rivals with seeming ease. A big part of the secret is an extensive and expensive network of sporting academies underpinned by science and medicine. C A lot of their work comes down to measurement - everything from the exact angle of a swimmers dive to the second-by-second power output of a cyclist. This data is used to wring improvements out of athletes. The focus is on individuals, tweaking performances to squeeze an extra hundredth of a second here, an extra millimetre there.

No gain is too slight to bother with. It's the tiny, gradual improvements that add up to world-beating results. We went 22 last night with some big wins! Inbox to find out how to get on the tips.

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How Does Matched Betting Work? You take advantage of bookmaker promotions by betting on markets with a mathematical edge. And then you lay off the risk at Betfair, essentially betting against the same outcome. It sounds complicated, but we’re about to show you an easy way to potentially create in 10 minutes.

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And you can replicate this success on many different opportunities.

Yes, matched betting in Australia is legal. All you’re doing is accepting a promotion from a bookmaker and hedging off the risk. Horse and Sports Betting in Australia - Market Research Report. Horse and Sports Betting industry trends. Per capita gambling expenditure indicates how much money Australians spend on gambling activities. Greater gambling expenditure generally leads to higher lock.

The Horse and Sports Betting in Australia market research report includes Historical data and analysis for the key drivers of this industry. A five-year forecast of the market and noted trends.

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There are different restrictions on how betting works depending on which state you are in, this is mainly around promotions and advertising. For example, it is illegal to advertising gambling promotions in the state of New South Wales.

How does tax on gambling work? In Australia, the tax is applied to the bookmaker rather than the customer. The bookmakers pay a levy to the government on their takings and incorporate this into their costs.

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musecrafters.com recommends the following Australian sports betting sites to bet on esports with the best odds and sign-up bonuses. They carry the best range of esports betting markets and cover the majority of the biggest international and local esports tournaments, offering up-to-date head-to-head wagers, outright winners, futures, and exotics specific to the type of game First Blood for CSGO, as an example.

How popular are esports and video games in Australia? Australia has not been immune to the odd controversy surrounding esports betting, with six punters arrested following claims of match-fixing in Counter-Strike Global Offensive.

Bookies like musecrafters.com helped the investigation in March, whcih centred around unusual betting patterns.

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Australia Sports Betting Sites. Australia has yet to fully embrace online gambling. It has made progress when compared to the United States, but is far behind European countries. The main form of legislation that covers online gambling in Australia is the Interactive Gambling Act. It was enacted in The Act only covers the actions of companies offering gambling, not players.

Australia law forbids the marketing of unregulated online forms of gambling. No such law covers the action of players at gaming sites. Sports betting, racing and lotteries are the on.

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Want to bet how bad Australians are at gambling? Find out what the statistics tell us about how much Australians bet, and why we do so. Gambling in Australia statistics how much do we lose? The latest statistics published by the Queensland Treasury in the edition of Australian Gambling Statistics regarded as the authoritative source of gambling statistics in Australia show that, in total, Australians bet more than billion in Two. Sports betting, particularly among young men and low-income people, is gaining popularity at an exponential rate.

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Best money management system for sports betting. If the reward is one thing worth receiving, men and women have an incentive to maintain working harder and more effectively. You will need to determine if the reward product is helpful or not so you want to get some good feedback from your support system. Having some negative feedback really helps to grasp likely cracks within the system.

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Sport is an important part of Australia that dates back to the early colonial period. Cricket, Australian rules football, rugby league, rugby union, soccer and tennis are among the earliest organised sports in Australia.

Sport has shaped the Australian national identity through events such as the Ashes, the Melbourne Cup and the America's Cup. There are a number of professional sport leagues in Australia, including the Australian Football League AFL and AFL Women's Australian rules football.

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In Australia, horse racing is dominating the betting market. Even if there are anti-gambling activists trying to change the gambling and sports betting market, it seems they are not going to have any luck with stopping bets on horseracing.

Roy Morgan Research provided the Gambling Currency Report, showing that percent of the Aussie betting market is on horseracing. Sports betting venues have only 25 percent of the market share. Greyhound racing accounts for percent and harness trotters are at percent. The National Rugby League gains only percent of the sports betting as one of two domestic sports leagues.

The other top league, Australian Football League, can claim percent of the market share. Other categories gain the last percent remaining.

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Australian sports teams win more than their fair share of titles, demolishing rivals with seeming ease. A big part of the secret is an extensive and expensive network of sporting academies underpinned by science and medicine. At the Australian Institute of Sport AIS, hundreds of youngsters and pros live and train under the eyes of coaches.

Another body, the Australian Sports Commission ASC, finances programmes of excellence in a total of 96 sports for thousands of sportsmen and women.

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Sports Betting Australia Online. It probably comes as no surprise that Australian players love to gamble on sports. Real money brick and mortar sports books have been legal in Australia for quite some time, and there's a thriving gambling culture. In fact, Australians, statistically speaking, gamble more than people in any other country in the world.

Just like offline gambling, online betting sites Australia are unquestionably legal. In reality, they're not just legal - they're practically government supported! The money that you earn while gambling in legit sports betting sites Australia is tax-free.

The government considers it a hobby and concedes that, while players may win money, they're also likely to lose some.

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Page dedicated to online sports betting in Australia listing Australian sports betting sites for bettors seeking out bookmaker bonuses and Australia sportsbook site reviews. That’s why, coming soon to this very space, OSB will provide it’s readers with tips on how to earn the best sports betting rewards offered to Australian handicappers.

Australia Betting Site Reviews. With thousands of online betting sites already out on the web, and more popping up daily, winding your way through the various sportsbook offerings can be a daunting task. For that reason, the highly trained review team at OSB is getting set to release our reviews on the best sports and entertainment betting websites that cater to the Australian wagering public.

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With online sports betting, bettors can bet on several games at once. However, with numerous online sports betting sites, odds are displayed in different ways. US-based sportsbooks, for example, use American odds eg +, while European sites display the odds in the form of decimalsfractions eg 115. This discussion will help you understand how sports betting works. Decimal Odds They are the most popular in Canada, Europe, and Australia.

In fact, most online sportsbooks prefer displaying their odds in this format. In the UK, they are commonly referred to as European odds. Decimal odds show the amount to be returned in case of a win.

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This discipline is a fast-paced process that needs to be executed perfectly in order to make a profit. Sports bettors that practice Arbitrage Betting needs to be disciplined, experienced and dedicated. Those sports bettors are often called, Arbers.

Basic Information about Arbitrage Betting. What is important for Arbitrage Betting? Most of the sportsbooks are not fans of Arbitrage Betting and of people that practice this sports betting discipline, so they will keep an eye on you, and if they spot that you practice Arbitrage Betting, they will limit your account or suspend it for life.

Most of the popular sportsbooks, like Bet, are firmly against Arbitrage Betting, while most of the betting exchanges, like BetFair, have nothing against it.

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Arbitrage betting works similarly, as here the bettor takes advantage of the difference in odds provided by bookmakers for a specific outcome. At least theoretically, you can cover all outcomes of an event by placing several bets with different betting companies which will cover all the possible outcomes including wins and losses. In the world of sports betting, multiple bookmakers are active, offering different odds for an outcome related to the same sports event.

In addition to hedging, betting arbitrage allows you to exploit the different odds offered by bookmakers as you’ll be betting against the odds offered by bookmakers along with different outcomes of a sporting event.

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Looking for Sportsbet bonus bet back specials? As well as all the bonus bet details, we have conducted an in-depth review of betting with Sportsbet including, offers promotions, markets, app, services Request a bet of your choice for some selected sporting events. Suggested multi-bets are tailored to your needs and it is easy to build multi-bets on the bet slip, with a wide range of markets covered. Sportsbet has led the way in wagering technology in Australia, particularly with its mobile app and website.

Their website homepage has a beginner-friendly three-column layout, with sports listed on the left, markets and odds in the centre and the betting slip on the right. Their mobile app is similarly easy to navigate and visually appealing.

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As punters head to the races this weekend for the first day of the spring carnival, new figures released show that Australia still leads the field in gambling losses, with each adult on average losing more than 1, per year.

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However, not everyone knows how sports betting works. Here’s the basic information you’ll need to get involved in the world of sports betting. Where it’s OK, and Where it’s Not. The first step to learning how sports betting works is to understand where it happens and where it doesn’t.

In some places, it’s legal in many developed countries in Europe, Australia, Asia and the Americas, people spend hundreds of dollars every year trying to gamble into some extra cash. Other countries around the world have outlawed it. That doesn’t mean it doesn’t happen in China, for example, sports betting still happens behind doors that aren’t always so closed.

In the United States, sports betting is illegal in many states. There are a few exceptions, including Las Vegas.

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musecrafters.com Betting Review + musecrafters.com Racing Offers. Sportsbet were the first online bookmaker to launch in Australia and they have gone from strength to strength ever since with a product we feel is the best on the market for all types of punters. Start Betting in Less than 2 Minutes! Sportsbet offer punters Daily Racing Promotions as well as awesome Offers on leading Sporting events.

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Sports Betting PicksFree daily sports betting and DFS picks from a team of expert sports handicappers. Sports Betting StrategySports betting strategy articles that will help you learn how to win more money. How To Get Max Value When BettingLearn how to get max value when betting to increase your chances at profiting.

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Ranogajec was born in Tasmania, Australia, and like a lot of professional sports bettors, he started at the Blackjack table. Walking away from a university scholarship. Although Zeljko came from a poor background, a son to Croatian immigrants, his substandard upbringing taught him that no matter how bad the circumstances were, hard works always pays off. That work ethic earned him a scholarship to the University of Tasmania where he studied taxation, banking and finance.

The Joker was originally a successful Blackjack player. He later transferred to a university in Sydney where he also got him Check out our other articles in the 10 People Who Got Rich On Sports Betting series.