Sportsbet is a giant in the Australian online wagering industry. The local offshoot of Irish bookmaker Flutter Entertainment holds a 48 per cent share of Australia’s online wagering market, and contributes 16 per cent to the parent company’s overall revenue. But the business isn’t without challenges. A drop in discretionary spending and increased point-of-consumption taxes have put a damper on margins. And rivals are catching up.
The company is based in Melbourne and seeks to operate within the boundaries set by multiple Australian regulatory bodies at both state and federal levels. Its local focus also means it must contend with heavy geo-restrictions, which prevent punters from accessing its betting site when traveling abroad. However, there are ways to get around this limitation. Using a VPN service to reroute your internet traffic through a location in Australia or New Zealand will give you access to Sportsbet and other sites that are otherwise unreachable.
Sportsbet’s success is partly attributable to its savvy marketing techniques. The early 2000s saw Tripp’s leadership bring a major boom in online, mobile, and app-based wagering to the market, and its name doesn’t hurt either. It also helped that Tripp’s team created innovative promotions, such as money-back specials and “justice” refunds – which are still offered today.