Betting on sports and racing in Australia has been done for many years. The national football codes the AFL and NRL and thoroughbred racing are mainstays of the betting landscape, while the globalisation of sports wagering means we now have 100s of different events at our fingertips.
In 2014 Australians collectively spent $16.3 billion dollars on the punt. Of that $16.3 billion, $3.4 billion was spent on racing and sports betting combined. With so much money flying around in the Aussie gambling market, it is easy to understand why there are so many Australian based and licenced online bookies vying for the Aussie dollar. With so many online Aussie bookies competing for your hard earned wagering dollar, which way do you go? Who are the big names in the Australian online bookie industry? What are Australia’s laws when it comes to online gambling?
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Australian online bookies
When betting with Aussie bookies, we trust the following online bookies with our action and to protect our privacy.
These online bookies offer a staggering array of markets on a great range for sports from Australia and around the world. They also offer up to date markets on a range of domestic and international horse and harness races too.
Each of these bookies also boasts a very enticing sign-up bonus for new customers. However, again, due to state legislation these bonuses may not be available to customers within Australia from New South Wales, Victoria, South Australia and Western Australia.
Australian online gambling laws
Australia has very liberal gambling laws in comparison to some other countries around the world. Online gambling on sports, horse races, greyhounds and harness betting is completely legal with licenced online bookies. However the promotion of online gambling is heavily regulated in states like New South Wales, Victoria, South Australia and Western Australia, making some sign-up bonuses, promotions and freebets unavailable to residents of those states.
When it comes to online casinos, the Interactive Gambling Act of 2001 prohibits the availability and promotion of real money online interactive gambling services to Australian citizens. This doesn’t mean it is illegal for Australian citizens to indulge in activities like online casinos. It is just illegal for Australian based businesses to promote or offer those services to Australian residents. It is offshore online casinos that Aussies turn to for their online casino experiences.
Laws against “interactive online gambling” don’t allow for live betting on sports events through online bookies via the internet, however, some online bookies have found a way to side step this bit of legislation by connecting you through their online website to a phone line that allows you to place a live bet.
Online gambling is available to everyone as long as they are over the age of 18 years old in Australia. All forms of gambling, whether online, at a bricks and mortar casino, on a pokie machine or lottery, is illegal to all persons under the age of 18 in Australia. When opening an account with an Australian licenced online bookie you will have to prove your age via drivers licence or passport or any number of identification processes.
State gambling regulation bodies
New South Wales: Australia’s most populous stat has everything gambling governed by Liquor and Gaming NSW. This body looks after everything from land-based casino licensing, to regulating bookmakers and clubs in the state, including pokies licenses.
Victoria: The Victorian Commission for Gambling and Liquor is the governing body in Victoria. This means they oversee everything from Melbourne’s Crown Casino, to pokies in pubs and clubs. They also provide regulatory framework for things like betting shops and make a decision on institutions like the one day of the year you can play 7up.
Queensland: This state’s gambling regulator is Business Queensland with the specific department being Liquor and Gaming. They oversee things like Queensland’s land-based casinos, and provide framework for things like online betting and Racing Queensland.
Western Australia The Department of Racing, Gaming and Liquor heads up WA gambling. Racing and Wagering Western Australia is the body in charge of the three racing codes and bookmaker licensing in the state. You can find plenty more information about this organisation on their website.
South Australia: Is governed by the Independent Gambling Authority. Has come under fire in recent times after playing a large role in implementing a 15% Point of Consumption Tax on people betting at online bookmakers. They are the independent regulator in the state who provide feedback to state government.
ACT: The ACT Gambling and Racing Authority is the governing body in the Australian capital. They look after things like casino licensing, casino regulation, game rules and the three racing codes. Have been making headlines in 2017 after closing down the greyhound industry.
NT: The Northern Territory Gambling Commission is arguably the most important licensing body in Australia. They issue most of the biggest online bookies in Australia their license to operate.
Bookmaker deposits for Australians
Australian licenced bookies accept deposits in Australian dollars. Deposits are easy to make too because each one offers a wide range of deposit methods. Once you have confirmed your identity withdrawing funds is also simple and convenient. Check each online bookies’ review for their particular details relating to deposits and withdrawals. Some of the more common ways to deposit funds into an online betting account are:
- Paypal – Fast third party payment system that allows you to fund your betting account. Is not available in all countries.
- Credit/debit cards – Most common way to fund a betting account. Simply use your Visa, MasterCard or other variety and deposit funds
- Bpay – Allows you to instantly fund your account
- Web wallets – Safe and secure way to fund your online betting accounts. You simply link a card to your Neteller (or other web wallet) account and fund that. before transferring funds to your betting account.
Why is it best to have multiple online bookie accounts?
Having multiple betting accounts with a range of online bookies, both Australian and international, is a smart thing to do.
For one thing it is a great way to take advantage of a wide range of sign up bonuses and promotions on offer from each online bookie.
Secondly, every smart punter wants to make the most money out of every wager. So shopping around among your multiple online bookie accounts to find the best odds for the bet you want to make at any given time ensures that if you are a winner you are maximising your win. That’s just smart.
Whether you are an Australian citizen or an international customer, Australian online bookies offer a great range of services and should be at the top of everyone’s list when they are considering making a bet. Go to the sites we have suggested to check out all of their great range of products and markets available.
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