Sportsbet is an online gambling company owned by Flutter Entertainment. It targets the Australian market and is licensed as a corporate bookmaker in the Northern Territory under the Racing and Betting Act 1993. As a member of the Australian sports betting industry, Sportsbet offers a wide range of betting options to meet the needs of both local and international players. However, there are a few key differences between Sportsbet and its competitors. Let’s take a look at the pros and cons of each.
Founded in 1993 in Darwin, Australia, Sportsbet was one of the nation’s first licensed bookmakers. However, by 2005, it was on the brink of bankruptcy. Matthew Tripp, a student at the University of Western Australia, bought the company for AU$250,000 and saved it from bankruptcy. From then on, the company grew exponentially, and has since shaped the industry as a whole. Sportsbet has a large number of Australian clients.
The bet With Mates feature lets you create a group of two or more people. Each member of the group is able to place a bet on a single event or a selection of games. The group members are free to leave the group at any time. The Admin of the group determines the Buy-In amount, and selects how much money each member must deposit to their account. This unique feature isn’t available from any other bookmaker, so it’s an attractive feature for both new and veteran players.