Australian Online Betting Companies
Gambling is seriously popular in Australia and if you’re an Aussie then you’ll already know it’s in your blood… but is it legal and safe online?
This page details the legal issues surrounding online betting in Australia and we’ve also got a table which covering legal Australia betting sites and bookmakers.
Best Aussie Betting Sites & Bookmakers: Top 4
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Key Facts: Online Gambling In Australia
- Over 80% of population have engaged in gambling of some kind.
- Online gambling is 100% legal with licenced providers.
- Legal gambling age is 18+.
- Punters not taxed on gambling winnings.
- All legislation aimed at providers not punters.
Gambling Law & Legislation: Legal or Illegal?
As is the case with all nations around the world, there are a multitude of rules, regulations and items of legislation related to gambling in Australia. The following timeline should provide a good overview of the most important:
1954 Onward – State Based Legislation
For much of the history of regulated gambling in Australia, legislation related to it has been passed at the state rather than the national level. The first piece of major legislation in this area can be traced back as far as 1954 and was the Betting Control Act passed in Western Australia. Each piece of legislation had varying statutes and regulations but in general there was little attempt to restrict or limit legal gambling.
1973 – First Legal Casino
In February 1973 the first legal casino was granted its licence and opened in Tasmania. This became the first of many, and there are now several casinos open and operating all over the country.
1999 – Prime Minister’s Statement
The first real example of national government getting majorly involved in gambling regulation in Australia, on 16 December 1999 the then Prime Minister John Howard released a statement on the subject of problem gambling. As part of the statement he announced:
‘The establishment of a council of Commonwealth, State and Territory ministers to focus on stopping the further expansion of gambling in Australia; the impact of problem gambling on families and communities; Internet gambling; and consumer protection’
2000 – Interactive Gambling (Moratorium) Act 2000
As a response to Howard’s statement of the previous year, the Interactive Gambling (Moratorium) Act was passed in 2000.
This act prohibited for the course of 12 months the provision of interactive gambling services which were not being offered before the 19th May 2000.
2001 – Interactive Gambling Act
A logical follow up to the act of the year 2000, the Interactive Gambling Act 2001 prohibited the provision of interactive gambling services to customers in Australia, the provision of the same services to residents of a select list of ‘designated nations’, and the advertisement of interactive gambling services.
2001 – Leeway in the Interactive Gambling Act
The Interactive Gambling Act is applied only to gambling providers and at no point makes it illegal for residents of Australia to take part in online betting or gambling, even if they do so at sites which are themselves in contravention of the act. What’s more, further leeway is built into the act which means that online sports betting and online lotteries can be legally provided to Australian citizens. In order for sports betting to be fully above board and legal, the company providing it must be fully licensed by the relevant state authority and must only offer pre-event and not in-play markets.
2016 Interactive Gambling Bill
In 2016 one of the most significant gambling based bills was passed in to Australian law with a big focus on protecting players and preventing gambling addiction.
The bill focuses on four main points; banning of gambling adverts during live sports events, complete ban on live / in-play betting of any kind, all offshore operators must now be licensed by the Australian government or will be deemed to be breaking the law and all forms of online gambling, excluding sports betting, were made illegal.
Tax on Winnings
As well as understanding the legislation regarding the legality of gambling in Australia, it is also helpful to know the situation when it comes to the taxation of the gambling industry in the country. Fortunately, the news in this regard is entirely positive for punters as there is no taxation of individual gambler’s winnings in Australia.
Instead, the Australian government and state authorities choose to tax the gambling providers and also do not view gambling as a profession, making it exempt from income tax. Taxes levied on providers differ from state to state and can be based upon either the company’s overall turnover or on the level of profits and losses of the company’s customers.
Deposit Methods
As we have mentioned throughout this page, there are no laws prohibiting individual Australian punters from taking part in online gambling. As such, choosing a deposit method is very much a case of personal preference for each punter.
In general, however, depositing via either credit card or debit card often ends up being the most sensible choice. This is the case as these are amongst the most widely available methods, have a good level of security associated with them and are very quick and simple. Those who don’t like using their cards online, however, could just as easily choose to deposit via any number of popular e-wallet services.
These days, stock trading is practiced by millions of ordinary people across Australia and worldwide looking for a little adventure and a lot of returns. However, few people have considered another exciting way of playing the stock markets – financial betting.
Many leading Australian online bookmakers now offer financial betting – a thrilling alternative or supplement to trading that eliminates the expense of the stock itself and the fees that owning it entails.
More and more people are seeking their stock exchange thrill by predicting the growth or decline of a stock or stocks. In fact, it is considered so lucrative that some Australian and global trading companies practice financial betting themselves!
We present the fore running Australian financial betting sites that offer premier online financial betting with variety of financial betting options, the best odds, maximum deposit security, convenience and more.
Best Financial Betting Odds
| # | Site | AU | Rating | Bonus | Bet |
|---|---|---|---|---|---|
| 1 | Ladbrokes | 5/5 | 100% Match up to $250 | Review | |
| 2 | 4.9/5 | 100% Match Bonus |
Financial betting, instead of being administered solely by financial betting sites, it is often offered by specialized brokers or even government oversight regulators.
Predicting a stock’s future performance, whether it will go up or down and occasionally by how much, is the name of the financial betting game. It sometimes resembles sports betting in that there is a “points” spread that punters’ forecasts must reach or exceed in order for them to be paid out.
Most financial betting is also binary in nature – meaning that punters are either paid out in full or not at all. There are, as they say, no points for second place.
Essentially, financial betting entails picking a stock (whether Australian or international), predicting an outcome, placing a bet, and then waiting to see where the chips fall.
Where to Find Financial Bets
As mentioned, more and more top Australian online sportsbooks are offering financial betting alongside opportunities to weigh in on sporting events. And this number is set to keep growing in the coming years, with the odds and options available to potential punters opening up exponentially.
There are even a few financial betting sites that specialise in financial betting.
Financial Betting Options
Whether you are new to betting or a practiced punter, a trading try-out or a stock aficionado, the top Australian online bookmakers have financial betting to suit your needs. Once you have chosen a stock, you need to consider some important variables before you place your financial bets.
How far into the future do you want to go? You can choose to place either short- or long-term financial bets with varying financial betting odds, even on the same stock.
Do you want fixed or floating odds? Fixed financial bets offer set financial betting odds in advance of the strike time. Floating financial bets, on the other hand, offer financial betting odds that will fluctuate based on the number of people placing the same bet – sometimes this will work in your favour, other times not. Depending on the stability of your chosen stock, you may sometimes not be able to choose, since only one or the other will be available.
Your chosen bookmaker will provide the financial betting odds and usually require that your bet exceed a certain increase or reduction in order for you to be paid out.
The Advantage of Financial Betting Online
Australian Online Betting Companies Against
Financial betting is nowhere near as risky as stock trading. Whereas, with a typical stock forecast, if your prediction is incorrect, you could end up owing more than you initially invested. This will never happen with financial betting, where you can never lose more than the amount of your original wager.
Australian Online Betting Companies Online
Go on! Try financial betting with our prime Australian online bookmakers and you could be raking in major dollars before the quarter is out!