Sportsbet is an Australian online bookmaker and betting app that allows users to make wagers on a wide range of racing and sports events. Its bet With Mates feature, which is a first for Australia, lets players join up with two or more mates and pool their funds to place multiple bets on any event.
Betting odds are calculated based on factors such as head-to-head matchups, current and historical performance, injuries, home field advantage, player motivation levels, and more. Oddsmakers can also set the line to favor either a favorite or an underdog based on their opinion of the probability that one team will win.
Odds can vary greatly between sportsbooks, so it’s a good idea to shop around for the best prices. It’s especially important to compare odds for the same bet type, as different operators will offer different payouts. This is called juice or vig, and it is something that should be taken into account when placing a bet.
Sportsbet’s website is easy to navigate and features a variety of betting options, including live streaming, race odds updated in real time, and a wide range of AFL and NRL markets. Its mobile apps are also well-designed and offer a great betting experience. In addition, the Sportsbet app offers reduced juice pricing of -105 instead of the standard -110, which can save punters hundreds of dollars in the long run.