Sportsbet is an Aussie bookmaker that allows punters to place wagers on a wide variety of events, including horse races, cricket matches, and even reality show contests. Their ads are often aired on TV during sports broadcasts, and their betting markets have a reputation for being competitively priced.

A sportsbook’s odds tell you two important things about the market in which you’re placing your bet: win probability and moneyline probabilities. The higher the number, the more confident a sportsbook is that one side of the market will win. Odds are also based on the number of times the opposite outcome occurs. For example, if the total for an NFL game is 42.5 and you think it will be a defensive slugfest that ends with fewer combined points than that number, then you’d want to place your bet on the Under.

When you’re placing a bet on a sporting event, you should always know your bankroll before making a bet. To help you keep track of your bankroll, it’s a good idea to open a separate account that’s specifically for gambling. This will prevent you from getting carried away and wasting your hard-earned money. It’s also a good idea to use features like deposit limits to ensure you don’t exceed your limit.