Sportsbet – How to Make Money Betting on Sports

Sportsbet is one of Australia’s largest online bookmakers. The company offers a full range of betting products including moneylines, spreads, parlays and more. Sportsbet also features a wide variety of prop bets that give punters the chance to have a vested interest in more specific outcomes such as how many points a team will score.

The company’s roots in the industry go back decades. In fact, it was the first licensed bookmaker in Australia and has shaped an entire industry along the way. Today, the company is a major player in the online gambling space and has operations across the globe.

While it is possible to make money betting on sports, it’s not easy and it certainly isn’t guaranteed. The best way to improve your chances of making a profit is by being disciplined and responsible, doing your research and seeking out the advice of respected and successful sports bettors.

Betting on sports can be fun, rewarding and exciting if you do it correctly. However, there’s a learning curve when it comes to different bet types and if you don’t understand how they work it can be confusing.

Straight bets are a simple wager on the outcome of a single event. They usually come with odds listed that include a (-) sign. This indicates the team that is considered to be the favorite, meaning that a winning wager would pay out more money than a losing one.