The Australian sports betting market is one of the fastest growing in the world. With an estimated 80% of Australian residents engaging in some form of gambling, the number of online betting sites servicing Australian sports betting fans has dramatically increased in the last decade.
While federal government legislation exists to protect Australian gamblers, betting sites are regulated by State and Territory authorities. This article provides an overview of what to look for when choosing a betting site that is available in Australia, and how to securely make a deposit once you have chosen where to play.
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Australian Betting Sites
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 including Major League Baseball, NBA Basketball, NFL Football and NHL Hockey.
As expected, a host of bet types are available for international sports, with bet types specific to sports popular in Australia also available. Commonly known in other parts of the world as a moneyline bet, Single Betting is available on virtually every sport covered by an Australian brand.
Margin Betting is available on AFL, NRL, Rugby Union and Basketball. Similar to point spread betting, Margin Betting allows you to pick the margin of victory in a game. However, unlike point spreads, the number of points given in a Margin Bet is static, with an attached moneyline moving based on action.
Typical AFL Margin Bets are 1-to-39 points, 40+ points and Draw. For Rugby, they are 1-to-12, 13+ and Draw, and 1-to-10 and 11+ in Basketball. Parlay betting, known as Multibets, are also widely available, while prop bets are known as Exotics at most Australian betting sites.
Due to legal restrictions, Live In-Play wagering is not available on all Australian betting sites.
Australian betting sites also offer comprehensive coverage of horse racing and greyhound racing, with regular daily coverage of races at tracks across Australia and New Zealand, as well as racing events in the UK and Ireland, South Africa and the United States.
Most Australian betting sites also offer promotions and incentives to both new and existing customers, as well as promotions that encourage players to visit online casinos offered by reputable brands.
How to Ensure that an Australian Betting Site is Legitimate
With so many online betting options available to Australian sports betting fans, it is important to do your homework before making that all-important first deposit.
While federal legislation exists in Australia that places limits on the domestic gambling industry, reputable Australian betting sites are licensed and regulated by eight State and Territory regulatory bodies, such as Queensland’s Office of Liquor and Gaming Regulation and the Northern Territory’s Licensing Commission. Reputable Australian betting brands usually provide details of their licence on their website.
While a number of reputable brands have recently started operating in Australia, a good rule of thumb is to choose betting sites that have been in business for at least five years. It takes time and a lot of work to establish a strong reputable online brand. Unethical, fly-by-night operations don’t stand the test of time.
It is also wise to check out a brand’s customer service and gambling policies. Make sure you can easily reach a brand’s customer service group using the method of your choice, especially when you have questions about a deposit.
How to Deposit at Australian Betting Sites
A range of deposit methods are offered by Australian betting sites. The most popular method is by credit card, with most Australian betting brands accept Visa and Mastercard, as well as a variety of debit card brands.
PayPal and bank transfers are also widely accepted method of deposits; however bank transfers can take up to 48 hours to process.
When the time comes, several options exist for making withdrawals. On many Australian betting sites, once your identity has been verified, you can easily make a withdrawal directly from the betting site to your bank account, credit card or PayPal account, depending on the method of deposit you initially used.
Australia is one of the world’s fastest growing sports betting markets. To make sure your betting experience is enjoyable choose a reputable and regulated Australian betting brand.
