Whether you like Horse racing, football or basketball, there are plenty of options to choose from when it comes to Sports Betting Australia. In fact, there are so many options that it can be hard to choose where to place your bet.
Horse racing
Throughout the years, KRUZEY Horse Tipping Australia has developed an extensive horse racing and sports betting industry. The Australian Racing Board regulates the industry. They ensure that the rules are followed and ensure the compliance of all betting markets.
The Australian horse racing industry employs over 250,000 people. The industry is one of the largest in the world, with over $14 billion wagered annually.
The Australian racing market is dominated by horse racing, with harness racing and Thoroughbred racing accounting for an overwhelming majority of betting. It is estimated that over two million Australians aged 18 and over have placed bets in the last three months.
Historically, horse racing in Australia has been known for its big gambling numbers. Betting adds extra excitement to sporting events. There are a variety of wager types, and punters will always be looking for the next big race.
Basketball
Whether you’re betting on basketball games to win money, to entertain yourself, or just because you’re a sports fan, basketball sports betting can be a lot of fun. However, to be successful at it, you need to know how to go about it.
One of the easiest ways to bet on basketball is to simply pick a winner by watching the game’s highlights. You can also bet on individual players to score the most points during the game or even put a wager on the first goal scorer.
For the best results, however, you’ll want to consider more advanced options. Unlike other sports, basketball is one of the most highly competitive games in the world.
Esports
eSports sports betting in Australia is becoming more popular by the day. There are some great leagues and games to choose from and there are plenty of ways to wager. The industry is very new and is growing rapidly. There are a number of eSports betting sites in Australia which offer competitive odds and easy deposit and withdrawal options.
One of the most popular games in Australia is Rocket League. This first-person shooter game requires quick reactions and teamwork to win. In order to win, your team must protect its base and take down the enemy’s nexus.
Another popular esports game is Overwatch. This dynamic arena-style FPS game requires players to choose from different hero classes and roles. The game also has an element of real-time strategy. The game is played over multiple maps and requires quick reactions.
Live betting
‘In-play betting’ is a specialized form of sports betting that lets bettors place wagers during a live event. Some countries have made this form of betting legal. In the United Kingdom, in-play betting is allowed on cricket matches, golf tournaments, and cycling events.
In Australia, live betting is only allowed at a limited number of sports and with a limited number of markets. However, with the right strategy, you can successfully bet on your favorite sport during a live event. In addition, some betting operators have live game streaming as a feature.
In-play betting has become increasingly popular in recent years. However, the law prohibits its practice in Australia.
Safety and security
Despite the ambiguous legal status of online gambling in Australia, the nation’s bookmakers are regulated by a plethora of federal and state agencies. The main regulatory body is the Gambling Commission (GC), with a total of eleven states and territories under its wing. Each state has its own regulations, including the legal age for betting on sports. The national government has also ruled on the legality of online gambling. Nevertheless, the number of licensed sportsbooks remains the same. In recent years, the number of sporting events has increased by a fair hefty portion, albeit without any noticeable impact on betting revenues.
A recent study on the safety and security of sports betting in Australia found that a significant proportion of regular sports bettors suffered some form of harm related to gambling. The study surveyed 808 Australians and found that the most popular sport was Australian Rules football, with an average of four matches per week.
Taxes
Licensed sports betting providers in Australia pay some of the highest tax rates in the world. They pay a point of consumption tax of 15 per cent on their net state wagering revenue. In addition, they must pay product fees to Australian racing bodies. This creates a huge regulatory complexity.
The Australian gambling industry is a huge one. The total turnover is over A$4 billion a year and the average amount lost per adult is A$1251. In 2016, Australians lost close to A$24 billion on gambling.
The industry has grown rapidly in recent years. This has created a situation where sports betting revenues have increased at a rate of fifteen percent per year. In addition, the industry has a monopoly position. The state government has said that they will continue to work on the industry’s regulatory framework.
