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No such law covers the action of players at gaming sites. Sports betting, racing and lotteries are the only forms of online gambling that are legal under the Interactive Gambling Act. There are restrictions on what companies may spread in terms of games. Online poker, blackjack, craps, roulette, slots, video poker and table games that include cards are all legal to play. Companies that offer these games may not advertise to Australian residents.
This means that no licensed sites spread poker and casino games. The main internet games specifically permitted by law to Australian betting shops involve sports and racing. Traditional pari-mutuel betting on horses is legal for online betting. Sports wagers that involve straight bets, parlays, teasers and futures are also completely legal.
The only sports betting niche not legal under the Interactive Gambling Act in on-play. Australia passed the Interactive Gambling Act in The country enacted this law to deal with the explosion of online gambling during that era. The Interactive Gambling Act banned companies from marketing online poker and casino games. It effectively barred Australian gaming companies from accepting players from within the country for those services. Australian gambling sites are specifically permitted to offer poker and casino games to players outside of the country.
The main condition of this exclusion is that these sites must add other countries to the excluded list upon request from the government. This did little to prevent online gambling in Australia. Online poker and casino sites located outside the country entered it and accepted Australian players.
This annoyed local betting shops that were unable to accept players at restricted games from inside the country. Australian betting companies are permitted to enter sports betting and racing. Those forms of gaming have a long history of popularity in Australia.
Companies that operate bricks-and-mortar shops may accept online sports wagers. The only exception to the online sports betting exemption is in-play betting. This is where bets are placed on games that are in-progress. This type of wager is illegal over the Internet in Australia, as noted in the quoted law below. They are accepted in person and over the phone.
Australia has yet to pursue offshore operators of poker and casino sites. It does not seem to be a priority for the government. Commonly known in other parts of the world as a moneyline bet, Single Betting is available on virtually every sport covered by an Australian brand. Similar to point spread betting, Margin Betting allows you to pick the margin of victory in a game. However, unlike point spreads, the number of points given in a Margin Bet is static, with an attached moneyline moving based on action.
Parlay betting, known as Multibets, are also widely available, while prop bets are known as Exotics at most Australian betting sites. Due to legal restrictions, Live In-Play wagering is not available on all Australian betting sites. Australian betting sites also offer comprehensive coverage of horse racing and greyhound racing, with regular daily coverage of races at tracks across Australia and New Zealand, as well as racing events in the UK and Ireland, South Africa and the United States.
Most Australian betting sites also offer promotions and incentives to both new and existing customers, as well as promotions that encourage players to visit online casinos offered by reputable brands. With so many online betting options available to Australian sports betting fans, it is important to do your homework before making that all-important first deposit.
Reputable Australian betting brands usually provide details of their licence on their website. While a number of reputable brands have recently started operating in Australia, a good rule of thumb is to choose betting sites that have been in business for at least five years. It takes time and a lot of work to establish a strong reputable online brand. A range of deposit methods are offered by Australian betting sites. The most popular method is by credit card, with most Australian betting brands accept Visa and Mastercard, as well as a variety of debit card brands.
PayPal and bank transfers are also widely accepted method of deposits; however bank transfers can take up to 48 hours to process. When the time comes, several options exist for making withdrawals. On many Australian betting sites, once your identity has been verified, you can easily make a withdrawal directly from the betting site to your bank account, credit card or PayPal account, depending on the method of deposit you initially used.
To make sure your betting experience is enjoyable choose a reputable and regulated Australian betting brand.