If you’re looking for a sports betting portal that offers the biggest range of markets and bet types, then look no further than sportsbet. It’s a name you’ll see on the screens of many punters, especially those in states that legalised online sports betting. Its founder, Matthew Tripp, is also the man behind the 2014 Socceroos money-back special, a brilliantly creative way to drive awareness and traffic to his new business.

Sportsbet has a nice feature called bet with Mates which allows you to create your own group and share bets between 2 or more people. The Admin of the group sets the buy in amount and each member can choose to deposit and withdraw as much as they want. An Admin can also decide how much to Top Up each week.

The payout for a bet is based on the odds at the time of placing the bet and your stake. This can be calculated using an odds calculator. The profit potential is a good indication of how risky or safe the bet is, although remember that profits are not guaranteed and a more risky bet will have a smaller expected return.

Odds are the numbers that represent the probability of an outcome happening and they vary between different sportsbooks. Understanding them is essential to success in sports betting. It’s also important to be aware of the different types of bets and their respective payouts. It’s a good idea to bet small amounts initially, analyse your win and loss, and then gradually increase the amount you bet.