Founded in 1993, Sportsbet was Australia’s first licensed bookmaker. The company has since grown to become one of the largest bookmakers in Australia, and is a major wagering partner of Australian sports leagues. Sportsbet is also seen everywhere on the web, with its branding prominent in TikTok and Instagram feeds. However, increased competition and point-of-consumption taxes have weighed on the company’s margins and are hampering its ability to invest in new products.
Sportsbet has a large range of racing and sports markets, although it does not have as many markets for some of the smaller events. It also has a number of unique features that help it stand out from the crowd, such as its bet with mates feature. This allows users to pool their funds and place bets with a group of friends on any market. Each member of the group has their own account, and a group Admin sets a buy-in amount and how often the account can be topped up.
The site’s main page is filled with images and betting icons. This can be overwhelming for newcomers to the site, but the site’s intuitive navigation system makes it easy to find what you’re looking for. For example, the site’s search bar allows you to filter between matches, dates and races.
It’s important to know your limits when it comes to gambling. A good rule of thumb is to risk only 1% to 5% of your bankroll per bet. This will ensure that you can cover losses and still come out ahead in the long run.