Sportsbet is an online gambling site owned by Flutter Entertainment. It focuses on the Australian market, where it is licensed as a corporate bookmaker under the Racing and Betting Act 1993. It offers a wide range of betting markets, including horse racing. This makes it a popular choice among Australians. To make betting on sporting events easier for Australians, Sportsbet offers various promotions. However, if you’re considering placing your bet on a horse race, it’s vital to know the odds of the horse racing events.

Sportsbet integrates itself into sport broadcasts, and has an advertising team made up of former football players. Its advertisements have often generated controversy, as they made fun of performance-enhancing drugs in sports. A controversial ad featuring Ben Johnson was banned by the Advertising Standards Board. Despite the controversy surrounding the ads, the company is still profitable. Sportsbet’s site has an AU$500,000 maximum daily win. Listed below are a few facts about Sportsbet and its competition.

Sportsbet was founded in Darwin, Australia, in 1993. It was the nation’s first licensed bookmaker. In 2005, it was on the verge of bankruptcy when Matthew Tripp bought the company for AU$250,000 (about $2 million). After the purchase, Sportsbet’s success was exponential, reshaping the industry. Sportsbet has become an industry leader and is owned by Flutter. So, if you’re wondering if Sportsbet is a legitimate online betting site, here’s what you should know.