Sportsbet is a website and app that allows Aussies to place wagers on…well, pretty much anything. From major horse races to cricket matches, reality show contests to TV plotlines—if you can dream it up, chances are it’s a wagerable event on the site.

Odds indicate the favorite and underdog in a matchup, and they also help you calculate how much profit you’ll make on winning wagers. They’re typically displayed in decimal, fractional, and American formats, and there are tools online that can convert them for you if you prefer not to do the math on your own. You can also use a formula that divides the odds a bet pays out by its stake to determine an implied probability of each outcome.

The company is an industry pioneer and its founder, Matthew Tripp, had a gift for anticipating major trends in online betting, especially when it comes to mobile, app-based betting. He created technology that streamlined and simplified the process, as well as clever marketing techniques like free bets and money-back specials.

If you’re a serious gambler, it’s a good idea to open a dedicated bank account for your gambling activities. This way, you can set aside a certain amount that you’re willing to risk each time you bet. It’s also a smart move to start small and increase your bets as you gain experience and confidence. For even more peace of mind, you can add a VPN to your setup, which will spoof your location and provide data encryption and other security features to protect your privacy.