If you’re a first-time punter, Sportsbet’s homepage can be a bit overwhelming. With sliding promotions and multiple markets, the site can be hard to navigate. But once you begin entering markets, you’ll find that the website is quite simple and easy to navigate. It always displays a betslip so you can keep track of your active and pending bets. In addition, it is possible to bet on more than one sporting event at a time.
The first Australian sportsbook, Sportsbet opened in Darwin in 1993. In fact, it was the first licensed bookmaker in the country, but by 2005, the company was in trouble, even facing bankruptcy. That’s when Matthew Tripp bought it for just AU$250,000 and started to transform it into an international phenomenon. The company has grown exponentially since then, and has even influenced the industry. In its short history, it has changed the way people bet.
The new POCT taxes Sportsbet by 10% of its revenue, while gambling taxes are 25-30%. Some agencies have consolidated after the introduction of the new tax. Responsible Wagering Australia, the peak body for online sports agencies in Australia, has called the new POCT ‘punitive’. While the tax may seem high at first, it is important to remember that the tax is only effective if sports bets are legal in Australia.
When comparing sportsbooks, look for the margins and payoff odds. While bookmakers may have different payout percentages, the lowest margins are generally best for punters. Depending on the sport, you might choose to use a parlay or a round robin. For example, in baseball, you can bet on the combined point total of two teams. In a parlay, you’ll place wagers on two teams and then hope the favored team wins, which means you’ll win more money than you would if you’d bet on the individual games individually.