Sports betting involves staking of something of value on the outcome of a particular sporting event. Sports betting, to a certain degree, is a form of gambling where money is at stake and winning or losing would depend on who will win in a sports event. The sports event where betting takes place includes horse racing, boxing, soccer, cricket, card games and dice games among others
In Australia, sports betting is popular among the enthusiasts of horse racing, soccer and cricket.
Horse racing is well liked by Australians as it is one of the country's most preferred sports. Australia in fact has built many stadiums specifically designed for horse racing which are also at times used for greyhound races. The most popular horse racing happens during the Melbourne Cup which the Australia's major Thoroughbred horse race.
Soccer on the other hand is also very popular in Australia. It started in 1863 with the Sydney Football Union which later became the Australian Rules Football (AFL). It has represented the country in three FIFA World Cup in 1974, 2006 and 2010. Soccer is a game that attracts millions of Australians where $14.3 billion bet money were spent by Australians between 2001-2002.
Cricket is another very popular sports in Australia. As of January 20, 2010 Australia has dominated the world in cricket winning 51.87% of its 718 Test matches, losing 20.87% and drawing 26.9
Betting among the various sports in Australia is very common as it is widely enjoyed by many people. Betting can be done online or otherwise. Online betting has become very popular and that some of the providers of online betting include TAB, Cetrebet and Betfair.
Those who bet in sports are called punters. A punter does his best to beat the odds in betting and makes sure that he gets all the sports and betting tips he can get to win.