Sports Betting in Australia
While US states may not allow sports betting sites, Australia has embraced the industry and supported it. Unlike in the US, where bookies are not allowed online, sports betting is legal in Australia. In this article, we’ll examine how you can legally place a bet online. Also, learn about the many types of sports you can bet on, as well as the protections you can get from participating in sports betting. So, get ready to place your first bet!
Legality of online sports betting in Australia
Before 2001, online sports betting in Australia was a wild west. Companies launched sports betting websites left, right, and center. There was very little oversight. Then, the government passed the Interactive Gambling Act. It now makes it illegal for companies to offer sports betting services. This includes both Australian-based and international companies. It also prohibits the operation of sports betting websites without a license. Today, there are over 50 Australian-licensed online sportsbooks.
In-play sports betting and live sports betting are still illegal in Australia. However, most of the online sports betting providers are licensed in the Northern Territory. This licensing process is lengthy and benefits both punters and betting operators. However, Australian citizens can place wagers on horse racing online. The laws do not prohibit in-play betting. However, there are a number of sportsbooks that do not offer in-play betting.
Variety of sports available to bet on
Australian betting fans enjoy betting on a wide range of sports. Tennis is huge in Australia, hosting one of the four grand slams and other major events throughout the year. Ashleigh Barty is one of the best women’s tennis players in the world, while top men’s players such as John Millman and Alex de Minaur are huge draws for betting fans. The Australian Open is another popular sporting event, attracting an unprecedented amount of star power to Melbourne.
The first Australian bookmakers opened in Sydney in 1853 and quickly gained popularity. By the 18th century, racing had become increasingly popular, and placing wagers took on a more sophisticated look. Since Australia has a remarkably competitive gambling market, the government has stepped in to help regulate the industry. Although the Australian government has banned live sports betting, Australians can still place wagers online with mobile compatibility.
Protection offered to bettors
In the Northern Territory, regulated corporate bookmakers are required to adhere to the ACCC’s consumer protection laws. These laws protect consumers from unfair contract terms, including betting terms that do not allow the consumer to negotiate or withdraw from the transaction. Under the new regime, however, this protection is a one-stop-shop. The exclusion period can be for a limited time, or permanent, depending on the circumstances.
Australian online sports betting is risk-free thanks to the country’s regulatory framework. Certified online betting companies are regulated by strict rules, and the industry is constantly monitored. Responsible gaming practices and third-party testing are commonplace in Australia. Many sports betting websites also offer Australian dollars as a currency option. And Australian citizens can place bets in Australian dollars. This makes them a preferred option for Australians.