Sportsbet is an online and mobile betting site that lets Aussies place wagers on a lot more than just horse races and cricket matches. In fact, you can bet on pretty much anything that is legal to do in Australia – from reality show contests to TV plotlines. But to make money on these bets, you need to know a few things about betting strategies.

To start, understand that there are no guarantees when it comes to sports betting. But you can improve your odds of winning by choosing a specific strategy, monitoring odds on various sites for the sport or event you want to bet on, and seeking out advice from respected and successful sports bettors. In addition, you need to choose the portion of your bankroll that will go towards each bet and stick to it.

Another important tip is to study the history of each team or athlete you are considering placing a bet on. This will help you determine their tendencies and their opponents’ weaknesses. This will also allow you to spot any patterns and predict how often a particular team is likely to win.

You can also bet on totals – which are similar to odds in algebra – by looking at the numbers listed for each contest. The number with a plus sign in front of it is considered to be a favorite, while the negative sign means the underdog. The over/under bet simply asks you to predict whether the two teams involved in a contest will combine for more (Over) or fewer (Under) runs/goals/points than the amount posted by the sportsbook.