Sportsbet is a popular betting agency that focuses on Australian sports and racing markets. They offer a variety of features, including Same Game/Race multis, racing statistics, insights, tips, live streaming, and a blackbook.

Founded in 1993, the company began as a small sportsbook in Darwin, Australia. It was purchased by Matthew Tripp in 2005 and started to grow quickly. The company soon became a leader in the online and app-based sports betting industry, using clever marketing techniques to drive traffic and bolster its reputation.

Bettors can choose from a variety of bet types, which range from moneylines to spreads to props. They should familiarize themselves with the rules of betting before making a bet.

Moneylines are bets that reflect the expected margin of victory in a match. These bets are often found on NFL and NBA games. They are the most popular type of bet.

Point spreads are similar to moneylines, but they reflect the amount of points a team is expected to win. They are commonly found on NBA and NFL games, as well as in college basketball and baseball.

Prop bets are a great way to increase your bet size. They are often based on a number of factors, such as whether a certain player will reach a certain point during the game or whether the winning team will have a specific color of Gatorade doused on their coach.

The best way to avoid gambling too much is to establish a bankroll. This should be a reasonable amount of money that you are willing to lose, especially when you first start out.