Sportsbet is a name that is instantly recognisable. They’re the wagering partner of Australia’s biggest sports leagues – AFL and NRL – and it’s hard to scroll through your TikTok or Instagram feed without seeing a Sportsbet advert or content discussing major contests and athletes.

Sports bettors are spoilt for choice when it comes to betting online and finding the best odds is no longer a chore. Odds comparison sites, like Covers, compare odds from regulated, market-leading sportsbooks and betting apps in your country and provide you with the best prices for the bets you want to make.

The odds for a particular market are usually determined by an oddsmaker, who uses sources such as computer algorithms and power rankings to set prices. They are typically expressed in American odds (based on a $100 bet), decimal or fractional and can be displayed with point spreads, moneylines or Over/Under totals.

Generally speaking, a team will be favored over an underdog by oddsmakers who factor in the relative strengths and weaknesses of each side, injury levels, head-to-head records, fatigue and motivation, home advantage and more. Then they will set a price and you can choose whether to back the underdog or the favorite, which is a simple bet on who you think will win.

Some markets offer additional bet options such as Over/Under totals or try scorers and goal kickers. These markets are usually based on specific players and can be a fun way to add extra value to your wagers. The Bet with Mates feature at Sportsbet is also a nice touch if you’re betting with friends – simply gather mates (2 or more) and pool your money into one account. You can then use this to place bets on any racing or sports market at Sportsbet.