In order to make money betting on sports, it is vital to understand the concept of risk management. There are a few key things to consider: limiting your total bets, always keeping track of your bets (a simple spreadsheet will do) and only betting with money you can afford to lose. This way, you can minimize your losses and maximize your winnings.

It takes a few minutes to sign up for an online sportsbook account, and the process is quick, easy, and secure. You’ll need to provide your first and last name, the last four digits of your social security number, and a valid email address. Then, you can deposit funds through ACH/eCheck, credit card, or PayPal. Once your account is funded, you can start placing bets.

While Sportsbet does have a lot of extra features like Same Game/Race Multi Builder, betting insights, tips, live streaming, speedmaps, and a blackbook, it doesn’t come close to matching the quality of competitors. The app can also be a bit buggy and slow to load, plus their customer service is mediocre at best.

Sportsbet net worth was a little underwhelming, especially given Matthew Tripp sold his stake in BetEasy to Crown Resorts for millions, which was a huge win for him. In 2018 it reported a profit of around AU$215 million, but that was only after a hefty payout to 1500 different entities. The company has since merged with British rival Betfair and is now owned by Flutter Entertainment plc.