Sports Betting In Australia Get Mobile
Sports Betting Goes Mobile
Betting on sports in Australia is almost a part of the culture. Some estimates say that almost 80% of the country's population has placed a bet at some time or the other. The country has a well developed and robust Gambling system that works within all the necessary regulations and regulatory oversight.
There are a number of ways in which people can place bets on the sports of their wish. Both, traditional channels via retail outlets and bookmakers on the telephone, as well as the various online sports bet websites available to people easily on their mobile devices or computers.
The trend towards online trading has been seen, in line with the trends in other industries.
Sports Betting Has Prominent Role In Society
Progressive thinking over the past several decades has moved sports betting out of the shadows of disreputable bookmakers and the social stigma with which sports betting was associated.
The primary driving force behind this shift in the paradigm regarding sports betting was a pragmatic acceptance of the reality that efforts to eliminate sports betting through legislation were costly and futile. When various governments came to the realization that regulation and taxation could not only curb many of the abuses encountered when sports betting was the realm of less-than-scrupulous individuals, but could generate tax revenue for desirable societal objectives, it was a watershed moment for the sports betting industry.
The perpetually knicker-twisted moralists were somewhat assuaged that even though they had to abandon their narrow view of human nature, some positive outcomes were realized. The inclusion of psychological counselling from bookmakers to lend assistance to those whose sports betting reached unhealthy levels is one of the more visible examples of this.
Punters gained a highly competitive sports betting environment where bookmaker transparency and fair dealing became commonplace.
Society as a whole gained the benefit of tax revenue that could be used for a variety of purposes. While everyone will not completely agree with how this revenue from sports betting is distributed and most will acknowledge that governments are not always the most efficient with the expenditure of tax revenues, the overall impact of sports betting was shifted in a positive direction.
Has this acceptance of sports betting in a lesser-of-two-evils approach created a Garden of Eden of sorts? Not at all, as will be mentioned later.
Of course, the widespread adoption of technology has had a huge impact on mobile sports betting. Online bookmakers have created thousands of markets that did not exist previously. The fierce competition for punter dollars has had one of the better examples of supply and demand economics to be found anywhere. When the hardware, desktop computers, laptops, tablets and mobile devices combined with widely available high speed Internet access are considered, sports betting seems like as close to ideal of a utilization for it all as is conceivably possible.
Our purpose here will be a look at the history of sports betting, an analysis of how it currently works, the positive or negative effects on sports, and finally, some decidedly speculative predictions on the future of sports betting.
For as long as writing has recorded history, it has been possible to have a punt. The Bible speaks of Roman soldiers casting lots for Jesus’ clothes. Considering that Jesus was a humble carpenter and the days preceding his death would have left his garments in poor condition, why were the soldiers gambling over them? Certainly, soldiers of that time had a hard life, but is it conceivably possible that they were after something that could have future value? Could this be observed as an attempt to obtain a piece of memorabilia that would appreciate over time, just as would an authentic number 5 guernsey worn by St. Kilda Saint Ian Stewart in the 1966 VFL Grand Final? Admittedly, the analogy is a bit of a stretch, but not entirely improbable.
It is doubtless true that wagering of one kind or another pre-dates written history. Cave dwellers may have challenged each other to rock throwing contests involving distance and accuracy, with the winner taking possession of a luxurious animal pelt or a precision spearhead. It would have soon occurred to these early ancestors of ours that well fed throwers gained strength, which contributed to greater distance/accuracy, and thus food, the earliest of the Performance Enhancing Substances, paved the way for one of the most reliable growth industries imaginable.
Moving forward in time to the late 18th century when the first Transports showed up on the Australian continent, sports betting was already well established. The first official horseracing meeting in New South Wales took place in 1810. The first official lottery took place in 1881 at a horse race.
Australian sports betting in Australia has been subject of some form of government regulation, mainly from state and regional, rather than the Commonwealth level, for 80 years at least. South Australia enacted the Lottery and Gaming Act in 1936. One of the more recent pieces of legislation applied to wagering is the Gaming and Liquor Administration Act in New South Wales.
TAB organisations were originally government operated, the first making its appearance in Victoria in 1961, which was then privatised in 1994.
Perhaps the most significant piece of legislation, and one that does come from the Commonwealth level, is The Interactive Gambling Act of 2001. Government reports place the financial participation of Australians in online gaming at $800 million in 2010. This amount has grown more or less in line with the economy in general at the rate of about four to five percent annually. The interesting trend is that this growth has shown an increase in sports betting at the expense of wagering on racing. Various sources of information regarding amounts wagered, economic impact and other such statistics return figures with a mind-bogglingly wide range.
It is reported by the Australian Wagering Council that online wagering contributes over $100 million per year in taxes, money that would otherwise be lining the pockets of bookmakers.
There is much more, far more, that could be said about the history of sports betting in Australia, such as famous personalities and famous punts both successful and gone awry, but space limitations will see the necessity for moving onto the next part of our discussion, a brief analysis of the way sports betting functions at present.
Mechanics Of Sports Betting
For our present discussion, we have chosen to include all codes of racing as part of the picture. We will leave the debate as to whether or not racing is a sport to those who have a keen enough interest to argue the difference.
No matter which elements are included or excluded, one clear conclusion a discussion of the mechanics of sports betting is this: It’s complicated. It would seem to be a foregone conclusion that online wagering has completely overtaken all other forms of placing a bet, but that would be premature. Just as retailers in all segments, albeit slowly, came to appreciate the threat online retailing posed to traditional retail channels, so too has retail gaming gotten into the mix with its own combination of physical and digital offerings. Thus, trying to separate revenues in a strict either/or fashion of brick-and-mortar revenues compared to digital revenues is unnecessary.
Punters who already had at least several options for getting a punt on now have, and have had for well over a decade, the ability to wager electronically from home or office. The last boost to the new option afforded by the Internet was the smart phone’s appearance in 2007.
That does not guarantee a totally rosy picture. Just as in the old days, where a bookie could choose to abscond rather than pay winning punters, the online bookmakers have been accused of taking an already uncertain proposition and making it even more difficult for the punter.
One key issue with online bookmaking, beyond that of tailoring their marketing at problem gamblers, is that the agencies’ licenses in the Northern Territory allow them to avoid paying tax.
Even more significantly, online bookmakers have apparently been caught red-handed in the systematic effort to restrict the winnings of fixed-odds punters who won money as severely as to amount to account closure.
Built-In Bookmaker Advantage
Online sports betting bookmakers enjoy the exact same advantage that accounts for the success of casinos. By participating in every wager, long-term probability gives them an edge. Combine that edge with using losing punts to pay winnings ones and an ideal formula for a business exists.
This applies to all the other sports betting channels also
Next, here is a look at the issue of the impact of sports betting on those sports, pros and cons, beneficial or detrimental.
Wagering has expanded the coffers of professional sports. Of that, there is no doubt. That has permitted leagues to expand. That equals increased player salaries, more players and employment for directly associated occupations. This is another ideal business formula, a good thing.
The obvious economic benefit to wagering aside, detractors claiming that wagering does more harm than good express a valid idea, even if they come off as overwrought. When sports betting reaches an obsessive level of attention from anyone, potential harm affecting the person doing the betting and those around him is a real potential.
That same group points to a cash infusion into sports via the wagering industry as one source of the potential outcome of causing behavioral problems among young athletes unaccustomed to the responsibility of dealing with large sums of money attained quickly via a professional playing contract.
True, there are more than a few cases of misguided exuberance from newly rich athletes impacting the public, but over exuberant young men have existed since our species evolved, it is human nature. Blaming that on any one cause is myopic.
If everyone were to take a breath and a step back, true, sports betting provides benefits and pitfalls, but that could be said about any aspect of human activity. Objectively, the wagering industry probably compares economically to any other industry anyone would want to single out in terms of adding or detracting from the economy and society.
Our conclusion would be that sports betting helps or hinders professional athletes and leagues to more or less the same degree as other economic activities.
Where will the sports betting industry be in the future?
We love predicting. The technique we use is the time-honoured one of predicting as much as possible, and in the future only mention successful predictions.
Possible prediction candidates for this technique could be anything subject to uncertainty, which is everything. We do not know when St. Kilda will win another Grand Final. Neither do we know which horse will win the 2016 Melbourne Cup. According to plan, we could make those two predictions and others; being correct on one or more simply requires a large inventory. Few will bother to dispute us when we recall earlier predictions that came to reality by recalling our inaccurate ones.
All the same, predictions are so much fun that it is entertaining to consider future events for entertainment.
Here is one: Wagering has been around forever, thousands of years. No one could have predicted that an historical period of under 20 years could contain the quantity and rapidity of change we are observing currently. We predict that the breakneck rate of change currently taking place will peak if it has not already, and then plateau similar to the ebbs and swells that came along after telephone betting lost its novelty. We offer no time period for this prediction to come about.
A bolder one: It seems as though problem gambling extracts more of a toll through Electronic Gaming Machines (EGMs, “pokies”) than does sports betting. We predict that the possibility exists that the society that was able to come to grips with all manner of changes and challenges, will do the same with regard to sports wagering, possibly by using some of the tax revenue produced by a regulated wagering to build on existing measure designed to assist and prevent problem wagering behaviour.
Technological prediction: The wagering industry has always been an early adopter of anything that will facilitate growth of profits. The economic benefits of growth and profits encompasses an area well beyond direct participants. The wagering industry will readily adopt the next new breakthrough and put it to uses that will influence the uses of other users. Given the pace of the last decade, this next breakthrough is not far distant.
We consider those our fearless predictions and they are fearless because they are broad and vague enough to fit any possible outcome.
Go ahead and have a punt, enjoy it for the entertainment, knowing that any predictions you make will need to be exponentially more specific than the three we gave.
Just be certain to include the element of luck into your predictions to boost your accuracy!
Registering With The Website
The key to choosing your online bookmaker is pretty similar to choosing one traditionally. The same factors still hold importance, that is, safety, reliability, honesty as well as time in the business.
Online betting portals have ticked off all these boxes and added another one, that is, ease of placing a bet and monitoring your success.
All the information for various sports is at your fingertips and allows you to quickly place a bet while making sure that you are getting the best odds for it.
The first step in getting yourself on the way to online betting is to set up an online betting account. This has to be done with the online betting website of your choice.
The process is not too dissimilar to setting up an account on any other website. The only difference is that you will be providing some personal information that helps confirm your identity.
This information is stored securely on the company servers, and thus, it is better to go with an established name with a proven track record of maintaining consumer data safely.
It is recommended to get a feel of a couple of different websites and see which user interface you like the best. There will be small differences across different websites which will make all the difference in the total experience of your betting.
It is also a good idea to be on the lookout for various offers that the companies come up with to help you register. A lot of the websites offer a registration bonus deposited in your betting account which will help you get started. It can add up to a pretty significant amount over a number of different websites.
Paying And Getting Paid
This is the important part right? The process of transfer of money is completely painless with most online websites. You have to link your bank account to your betting account and then you can choose to add or remove money from it as you see fit.
All of the transactions are password protected. Even if someone else logs in to your betting account the bank requires separate identification in the form of another password before they transfer the money.
This money can be used to place a bet on the website. Placing the bet is extremely easy as well. You can scroll to the sport event of your choice and the website will show you the available bets, the odds as well as the time before the bets close.
You can make your decision and then place the bet according to your choice. Here again, accidental clicks will not cost you, as a confirmation is required before a bet is made final.
Managing all the different bets you made on different sports going on at the same time can be a little difficult at times. This part is also kept track off easily as you can track all the bets you have made a single pane view.
All the information about past bets, currently active bets as well as any payouts are easily available on the same page making it extremely easy to keep a handle on your bets.
The bets also change in real time with all the odds getting refreshed at the same time. There are times that your internet connection will let you down and you may not be sure if your bet was placed or not. This information as well as the last bet accepted is all easily accessible.
Money can be transferred to and fro from your account using almost all the accepted means of internet banking.
. Credit cards
. Debit cards
. Direct bank transfers
. PayPal and other e wallets
. POLi and BPAY ( these are accessible to the Australian public only)
A comprehensive linking with all legal banking systems also adds to the validity of the website as all of these payment systems have security checks and measures active on their end also.
The websites also have a live chat system to help address any questions or problems that one might face while depositing cash into the betting account or removing money from it.
Any traditional business is rocked by changes that are revolutionary and offer real advantage to the consumer, which the old style of businesses just cannot match. This is exactly what is happening in the betting circles.
Placing a bet offline is just not viable for the customer anymore. Think about it. Online betting offers better odds, an unlimited number of markets on offer (quite literally any sport is on offer if you look hard enough) as well as ease and comfort of doing business.
Offline betting is getting crushed because there is simply no way that these traditional outfits can offer you the same prices and services as well as sheer variety of sporting markets like the online websites.
As internet speeds have become better across the world, some of the betting websites have taken advantage of this fact and are now offering free streaming of a number of live broadcasts from around the world. This adds another layer to the immersive experience that is being provided to the customer.
Sports, Sports And More Sports
Australia has been blessed with an abundance of natural sporting talent. Coupled with the tremendous support that sport gets from the public as well as the corporate sponsors, it is no surprise to find Aussies near the top of the heap in almost any sport that they participate in.
Betting markets across the world are open to Australia which befits the diverse population that resides in it as well as the number of sports played across the country.
Here are some of the sports that are offered as betting markets for sports lovers to punt on:
. American Football
. Australian Football League
. Horse Racing
. Ice Hockey
. Motor Sports
. Rugby League
. Rugby Union
If you can watch a sport on live broadcast then you can be sure that you can bet on it. Try looking for an offline bookmaker to take a bet on a small fight between two unknown UFC fighters. Chances are the fight will be over before you get a hold of someone.
Since internet companies do not have the same amount of overhead that the other brick and mortar companies have they are in a position to offer you much better incentives to sign up.
Always shop around the best deals on the internet. Make sure that you visit the registration pages of all the major betting sites. In fact, getting on their mailing list is also not a bad idea as the offers continue to pour in even after you have registered.
Some of the best offers that are available are a maximum of $250 match on the first deposit from betstar.com.au, a maximum of $700 free bet match on the first wager on William Hill Australia and a $501 bonus after making the first bet on sportsbet.com.au.
These and many more offers are being handed out every week to people all over the world. The trick is to be sure to check in frequently so that you can maximize your bets and take maximum advantage of these offers.
Contests with large cash payouts have also become the norm over the last few years. These usually run alongside popular sporting leagues and have started drawing huge attention across betting circles.
Is All This LEGAL?
Yes. Unequivocally Yes. Australia has a very healthy attitude towards sports betting. The government recognizes that this is done almost everywhere in the world irrespective of it being recognized by the government or not.
There are certain rules and regulations (as in any other business) that the betting companies have to play by and these are put in place to ensure that the government is able to collect the right amount of taxes from these corporations.
Certain companies are allowed to take bets only on the phone, however any such restriction will be made clear to the customer as soon as the person visits the website.
As an Aussie punter you have no reason to be afraid of the law or to think you are circumventing it any way whatsoever.