Australian sports betting
If you go to Australia and hear people talking about ‘pokies’, you’ll wonder what they are implying. However, in Australia, betting is often informally referred to as ‘pokies’ by some players. However, if you are interested in learning more about sports betting in Australia, this simple guide should help you to work out why those Down Under love a flutter.
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The history of betting in Australia
Gambling in Australia has gone through a massive amount of upheaval over the years, right back to the 1780s. While today it’s an industry that can generate as much as $19 billion for the national purse, at one stage it was nothing like that.
It’s earlies days in Australian life and culture came when it was first formed in 1788, when a game called Two-Up became very popular among society. By the mid 1850s, though, horse racing was rice in Australia as it has grown rapidly in the first half of the century.
By the turn of the century to the 1990s, it was one of the most important pats of Australian social culture. They came up with the first-ever automatic totalizer, developed by George Julius. Pokie machine were legalised in the 1950s, and by 1973 the first casino had opened up in the country.
2001 seen the Interactive Gambling Act 2001 passed, and with it many changes came to the way in which betting – sports betting any everything else – worked.
Today, more than 70% of Australian adults take place in some form of betting.
Australian betting laws and regulation
In June 2001, the Australian government passed the nationwide Interactive Gambling Act 2001. This changed more or less everything about how betting is handled in the country. This included advertising real money betting, regardless of whether or not they are licensed in Australia. However, sports betting is allowed through the IGA through it cannot happen during the event. In-play betting is not allowed in Australia.
The sports betting industry in the country is managed by a few major groups. It all comes down to what you are betting on, and where you are based in. We recommend if you wish to know more about the state-by-state laws that you check the gambling resources at the end of the article.
Which sports do Australians bet on the most?
Sports betting in Australia is huge, with the two most popular sports being their domestic sport of Australian Rules Football ranking high alongside football/soccer and cricket for Australian sports fans.
With around a quarter of all Australian gambling income coming from sports betting, that’s a lot of bets are being placed on teams from all across the world. It’s expected that in the years to come we’ll see even more bets going on soccer, though, as the sport continues to rise in popularity across the country.
Payment solutions for Australian bettors
You can use a whole range of different payment tools when it comes to sports betting in Australia. You can use PayPal with most bookies, though most people will tend to use Skrill, Neteller, or POLi. If you are looking for POLi to be used for depositing, though, you have to use a bank transfer to withdraw the funds as it cannot be used for withdrawal.
You should use either Neteller or Skrill if you are using a bookmaker outside of Australia, though. This gives you the most protection and should ensure that the payment can go through without any loss of data or information.
Australia’s gambling resources
As mentioned above, we recommend that you take a look at each of the reports above. This will give you a good chance of working out the legislation for each state or territory within the country.
Each part of Australia has its own laws and regulations, so that guide should go some way to making sure you can understand what you are getting involved with.