Sportsbet is an online gambling company based in Australia. It is owned by Flutter Entertainment and primarily targets the Australian market. It is licensed as a corporate bookmaker under the Racing and Betting Act 1993. This allows it to offer wagers on horse racing, motor racing, and other sporting events.

The site offers many different ways to place bets. You can choose to place your bets on specific races, exotics, or a combination of these. For example, you can place a bet on a horse and receive $50 in Bonus Bets if your horse finishes second or third. This type of bet can only be placed once per day.

You can also bet on live events on the Sportsbet app. This is also known as in-play betting, and allows you to place your bets while watching the event. If your predictions are correct, you’ll be guaranteed a win. Your winnings will be added to your Sportsbet account and can be withdrawn whenever you want.

Sportsbet offers a variety of betting markets on Australian and US sporting events. It also has a good selection of novelty events. Aside from major sporting events, you can place bets on everything from reality shows to TV plotlines.