There is a large sports betting industry in Australia. Whether it’s Formula 1, Stock cars, Rally, or mixed martial arts, punters are happy to place a wager. In fact, the UFC betting market is the largest in Australia. UFC is one of the most popular leagues in MMA, so Australian punters are not only excited about the game, they also love to bet on it.
Online sports betting in Australia is legal
While online sports betting is still illegal in Australia, the country has made strides to make it legal. In the past, local operators have been prohibited from offering gambling to Australians, but the IGA has changed this. As long as all bets are settled prior to the start of a game or race, it is legal to place a bet on a sporting event in Australia. Large online operators specialize in offering online sports betting to Aussies. These sites may also offer other gambling games to non-Australians all over the world. However, they aren’t permitted to market to countries that have similar laws.
It is possible to make a profit by betting on sports, especially if you live in Australia. This hobby is popular in the country and there are many people who want to make extra money by betting on sports. They use different strategies to make a profit. One common strategy is to bet on underdog teams. Underdogs have a great chance of beating the favorite, which can make you a lot of money. Other common strategies include betting on teams in form and on key players coming back from injury.
It’s safe to bet on
It’s safe to bet on sports in Australia because the country has a well-developed set of gaming laws. The gaming laws also mandate that all licensed online bookmaker sites follow responsible gaming practices. Third-party testing and audits of sportsbooks are also routinely conducted. The results of these audits are then made public to the betting public.
It’s legal to bet on
In Australia, betting on sporting events is legal. There’s a growing sports betting market. It’s so popular that the central bank raised interest rates on loans to cover the costs of sports betting. Statistics show that nearly 4% of Australian adults gamble on sporting events. Most of these gamblers are male and aged 18 to 49. They lose about $1,128 per year on average. It’s anticipated that online sports betting will be available in Australia by 2022.