As the name suggests, sportsbet is a website or app that Aussies can use to place wagers on pretty much anything. From major sports events like horse races and cricket matches to reality show contests, TV plotlines, and other random outcomes. Of course, more people lose than win, which is why the gambling industry is so lucrative.

The key to making a successful bet is knowing how to spot value. While odds are always skewed by the sportsbooks to favor one side over the other, doing your homework can redress the balance and provide you with some great betting tips. To start, you should open a dedicated bank account for placing bets. This account should contain a number that you’re willing, in the worst case scenario, to bet with. Each bet you make should represent a small percentage of your total bankroll.

Another tip is to bet sober. Emotions can often get the better of us when we’re betting and this can lead to poor decisions, especially if you’re trying to chase a bet that’s winning. Make sure you have a betting schedule or routine and try to stick to it.

Lastly, you should always read the house rules of your chosen online sportsbook. These will differ from site-to-site and can impact the types of bets you’re able to place. For example, not all sportsbooks offer the same number of Same Game/Race multis as others do. Also, some sites have different deposit and withdrawal methods than others.