As a licensed corporate bookmaker in Australia, sportsbet is required to operate within the limits set by various Australian regulators at state and federal levels. This includes a requirement to maintain responsible gambling tools that can help keep the company and its customers healthy.
These tools are designed to prevent problem gambling and help people take a break from betting, and include a national helpline (1-800-GAMBLER) and self-exclusion from all of the sportsbet apps and sites. The app also allows users to set deposit limits, which helps them stay in control of their wagering and avoid problem gambling.
In addition to offering a full suite of sports betting markets, Sportsbet has a variety of racing markets including domestic and international horse races and live streaming of all Victorian race meets. Sportsbet is also a top choice for fans of soccer, basketball and cricket and features leagues, tournaments and competitions across the globe.
The site offers a variety of betting lines and markets, from single-game prop bets to futures bets on a team winning the Super Bowl or the World Cup. These bets generally carry lower win probabilities than other types of bets, but they can have huge payoffs if the team wins. In some cases, a bet may even pay out as high as 50 times the amount wagered if it’s successful. However, most professional bettors do not prefer to make these bets due to their low win probabilities.