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Online Betting in Australia

An overview of Online Betting in Australia

Best online betting for Australian players

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How does online betting in Australia work?

Nobody does gambling quite like the Australians for whom staking money has long been engrained in Australian culture. This is demonstrated by participation rates of over 80% - the highest population percentage in the world, with each individual believed to wager around $1,000 per year on their preferred form of gambling.

A large part of this amount will be spent on ‘pokies’ (poker/slots machines) which have been a commonplace in Australian society for many a year, with casinos, racing (horse, harness, greyhounds) and lotto also major attractions for Aussies.

However, Online and Sports betting is also becoming a major player and is the fastest-growing area of the gambling industry, owed much to its passion for a wide range of sports.

For the love of sport

Australians are mad for sport and ensure they wholeheartedly immerse themselves in it. They’re known to play, watch, talk about sport for hours on end, an obsession that has started to see more Aussies also bet on it too.

Which sport is the nation’s number one is always a topic up for debate given how many are played. Australian Rules Football (AFL), cricket and National Rugby League (NRL) are generally regarded the most popular, but arguments will be made for golf, tennis, athletics and basketball too.

It’s our intention at BookiesBonuses to shed light on the best bookmakers for Australian residents, whilst ensuring potential newbies are well versed and able to enjoy a hassle-free online betting experience.

Regardless of the sport though, Australians regularly attend matches involving their favourite team domestically, or tune in to watch the famous Gold and Green compete on the international stage.

It’s this thirst for sporting action, in tandem with the fast-moving technological age where sports betting apps are so easily accessible, that has seen participation in online sports betting rocket in recent times.

It’s our intention at BookiesBonuses to shed light on the best bookmakers for Australian residents, whilst ensuring potential newbies are well versed and able to enjoy a hassle-free online betting experience.

Betting legislation in Australia

It’d be a bit of a shock if it wasn’t legal given how many millions bet in Australia! But for the record, online betting is legal ‘Down Under’.

Gambling regulations see the government play a crucial role in overseeing the hobby, in addition to adding or amending relevant laws. Regulation also takes place at state and territorial level with regional authorities performing the same duties.

A series of measures have been put in place over many years to control gambling, needed given the incredible number of Australians that have seemingly always wagered money.

For example, ‘The Interactive Gambling Act 2001’ made it illegal for companies to offer real-money virtual gambling to Australian residents, while the law also banned advertising related to real-money internet games across all media.

In 2016, a newly formed government, introduced a new safeguarding plan to protect the bettor from plunging his or herself into financial ruin, as a result of online betting. Setting in place periods of self-exclusion as well as betting limits were seen as techniques to combat players wagering money they couldn’t afford to.

However, a more notable law passed in 2017, which prohibits the showing of any gambling adverts during live sporting events, has recently come into force as of 2018. Referred to as a ‘siren-to-siren’ ban, the idea is to primarily reduce children’s exposure to betting ads and will apply from five minutes before the start of play, until five minutes after.

The notion of ‘live’ betting or ‘in-play’ betting meanwhile, has been banned entirely in an attempt to minimize the addictive nature of betting as a game is taking place.

Lastly, a Point-of-Consumption tax will come into full effect in each state/territory from 2019 and is even in place now in some areas.

How the (new) Australian legislation affects you

Well, you won’t be seeing as many adverts enticing you to bet, however, several TV channels who claim to be ‘low audience sports channels’ and mostly away from the eyes of children, have already discovered loopholes to overcome the ban.

And talking of loopholes, the ban on live betting has come slightly unstuck with offshore betting companies, unaware of or ignoring the law, continuing to offer live betting to Australian residents through other means. However, it’s believed the betting operator, and not the punter would be in breach of the law in this instance.

The new Point-of Consumption tax, currently the source of much debate across Australia, won’t hit your wallet directly, as the bettor. At the same time, William Hill have already voiced concerns and announced plans to review their Australian business in light of the new levy being introduced. If William Hill for instance led an exodus of online betting companies and reduced the amount of competition in the industry, it’s fair to say it would hit your wallet.

The current government remain hellbent on insuring these laws stand so any loopholes that do exist are likely to be eradicated soon enough as the powers that be take a hard line on the exposure of sports betting in the life of an Australian resident.

Rest assured though, online betting isn’t going anywhere so we have run our expert eye over the best online betting sites in Australia you can advantage of when betting in your homeland.

New Australian betting sites and the current market

Despite the ongoing issues surrounding online betting in Australia, the Australian market remains as popular and competitive as ever.

Finding and working out the best Australian online betting sites is essential, especially if you’re new to the sphere of online betting. From first glance, you may see little difference between each bookmaker, but this is far from the case; one bookie may have the best odds out there but a lack of variety in markets offered and vice versa.

There’s a lot to consider and take in – good job you have BookiesBonuses around to guide you in the right direction then!

Home grown betting sites

Sportsbet Australia, BetEasy (a merger of William Hill Australia and CrownBet), TopBetta, and ‘new kid on the block’, Neds are all home grown in Australia, good for you because they’re wholly optimized for the Australian player, meaning you’ll have every opportunity to bet on the wide range of sports, be it AFL, NRL or cricket.

The companies mentioned can all call upon a period of longevity in the betting industry, important in terms of trustworthiness and reliability, with people at the top who know what they’re doing. For example, Neds, new to the scene having only gone live late in 2017, will count on the solid reputation of owner Dean Shannon whose past includes running the show at Ladbrokes.

International betting sites

Betfair, Unibet, bet365 and Ladbrokes are all bookies based on the other side of the world, but this doesn’t stop them catering for Australians. It has to be said, most are British! But being global phenomenon’s in online betting, they can be relied upon to provide Australians with a safe, dedicated, comprehensive betting platform just for Australia.

With the advantage of an English-speaking population and such potential in a flourishing customer base it’s likely more overseas betting sites try their hand Down Under.

Betting Bonuses in Australia

How does each betting company stand out in what is a very saturated market though? Well, as mentioned, they will all have their unique selling points that makes them appealing to some but not to others.

One thing they all have in common however is bonus and betting offers! It’s the aim of each to entice new customers with a ‘$200 Welcome Bonus Offer’, or an ‘enhanced $500 racing bonus’ in order to win new customers and retain existing ones.

You’re most likely to come across Sign Up Offers which will provide you, as a new bettor, with the opportunity to experience the betting site for yourself. It’s a tried and tested formula likely to come in the form of a free bet or a matched bonus, but, as of today, there are many welcome offers out there!

Free Bets or, Bonus Bet Offers, as they’re more commonly known in Australia are more aimed at retaining customers. Here, you’re given a free stake on a bet of your choice, however, any potential winnings would not include the stake. As you’re likely to discover there are many terms to such offers so be sure to know the ins and outs of the offer beforehand.

But embrace it also – if your bet comes in then it’s practically free money and it’s not every day you get something for free, is it!?

Setting up an online betting account in Australia

So, you know pretty much all you need to know, barring setting up an account which is a straightforward process and should take you no longer than ten minutes to complete.

Ensure you have Personal details (name, address, valid e-mail address) to hand, while you’ll need a legitimate bank account to transfer monies to and from. You’ll need to fill in the on-screen registration form with all the above information, as well as create your own username and password for your new account – keep your user information to yourself to avoid your account being compromised.

While depositing money with Australian bookmakers takes care of itself, you shouldn’t encounter many hitches using an international bookie either given that the Australian dollar is accepted by most, if not all, companies.

As for how you deposit, you have many options with debit/credit card transactions the most widely used. However, some banks including CUA, Amex, Bank of Queensland, Virgin Money, Citi and Suncorp are known to prohibit the use of credit cards, to come in line with the government’s increasingly tougher stance on betting online.

Also, the process can be a drawn-out affair with some bookmakers requesting an email displaying scanned copies of both sides of your credit card for security purposes. Though clearly for your own good, not everybody has the time to follow this procedure when depositing money.

And when it comes to international bookmakers, your credit card issuer may charge you a transaction fee upon depositing funds

In which case, specific deposit online services such as BPAY and POLi may prove better alternatives, in addition to global e-wallet services like Skrill or Neteller that enable you to send and receive money without sharing sensitive financial details. Both support the Australian dollar and are becoming more frequently used to deposit funds.

The future of online betting in Australia

Though online betting is considered a hobby for most, for others it becomes more serious and can lead to addiction. Trying to recoup losses along with the thrill of winning can lead an individual into financial meltdown.

The measures being put in place by the government are aimed towards a new era of controlled betting where players aren’t capable of spending money they simply do not have and aren’t shoved ‘all things betting’ down their throat 24/7.

This said, online betting in Australia is an industry more than thriving and clearly boosts the country’s economy. Thus, a balance has to be struck to ensure control and preventive measures aren’t seen to interfere and run the risk of diluting a competitive market, as may be the case with the new point-of-consumption tax.

Fear not though, online betting ‘Down Under’ is here to stay – make sure you keep updated with all the latest happenings Australia related on this very page.

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FAQ - Online betting in Australia

Is online betting legal in Australia?

Yes, it is legal. However, steps are being put in place to reduce the level of online betting in Australia.

Can I participate in ‘live betting’ in Australia?

No. Live betting or betting when the match is underway is forbidden under current legislation.

I’ve heard a lot about the point-of consumption tax soon to come into effect. Will I, as a bettor, have to pay this?

No. The newly introduced tax applies to the bookmakers themselves and not the customers.