As Australia’s biggest corporate bookmaker, sportsbet processes 1.1 billion bets per year. With so much data, they rely on Databricks to accelerate their machine learning models and drive customer loyalty.
The odds that a sportsbook offers on a bet are the implied probability that the event will occur. If a team is favored, the odds will be displayed with a plus sign and underdogs will be shown with a minus sign. This is true for all types of bets, including moneylines and point spreads.
If you’re betting on an over/under total, it’s important to know how the line moves over time. High-limit wagers from sharp players often clue the sportsbook in, and they will move the line to match the action. This is done to even the playing field between casual and professional players, and it also allows them to charge vig (or juice) on both sides of the market.
When placing a bet, you should always read the so-called “house rules” for each particular event. These will vary from one betting shop to the next, and they can impact your winnings or losses. Some betting shops will have minimum bet amounts, while others may not accept certain methods of payment. Mobile phones often come with virtual or e-wallet apps, enabling you to fund your sportsbet account quickly and safely. Sportsbet supports a number of these options, including PayPal, credit and debit cards, and POLi banking. In addition, they offer live chat and phone support.