Sports BettingIt was in 2001 that the Interactive Gambling Act was passed into law in Australia and the aim of that law was to stop any type of gambling site operator from being able to advertise their gambling sites and their gambling services to Australian players.

Some online betting companies that operate legally from within Australia were deemed to still be legal thanks to several clauses in the Act, however what this law couldn’t and hasn’t really stopped is betting sites advertising and offering their services to Australian gamblers via the internet.

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With this in mind many sports bettors based in Australia regularly place bets and wagers online, and to ensure that you do not have any problems should you start to bet online yourself we have compiled the following overview that will introduce you to some of the best and worst online gambling license issuers and licensing jurisdictions and also in the guide you will find a range of questions and answers surrounding betting online.

Frequently Asked Questions

There are often many questions that will enter your head should you have an interest in betting online and below you will find several of the more commonly asked online betting related questions along with the respective answers, please do read through this guide for most if not all of your questions will be answered below.

  • What currencies can I bet with online?

    Whilst many online betting sites will allow you to sign up and use one of many different currencies to fund your betting account with and then place bets in other currencies, as an Australia based online sports bettor you are going to find using Australian Dollars will be the most cost effective way of funding your account, so always use AUD as you account currency of choice so as not to leave you facing paying and Forex fees or charges when depositing or withdrawing your winnings.

  • How soon can I cash out my winnings?

    If you have been lucky enough to place a winning sport related wager online then you will find there may be just a minute or so delay in your winnings being credited to your account after the sporting fixture you have bet on finishes. This is due to all betting sites settling their player accounts as soon as the official result of any sporting event has taken place and has been announced which depending on where it is being held in the world can take a few minutes at most. Once your winnings have been credited to your account you are free to cash them out at any time.

  • What types of wagers can I place online?

    You are not going to have any restrictions in regards to what types of sports bets and sports wagers you are going to be able to place at any online licensed betting site. You will find just as many different bets and wagers can be placed as you find offered in land based betting venues, in fact some online betting sites offer a range of exclusive betting opportunities some of which are multiple type bets and wagers on which special additional bonus payouts can be awarded to you.

  • What age do I have to be to legally bet online?

    You need to be at least the age of 18 to be able to legally gamble in Australia. This age limit is in place at land based poker venues and also online poker sites. If you choose to gamble online you will be required to prove your age, and this is often done by you sending in a scan of some form of identification document such as a Driving License of a copy of your Passport.

    If any poker site suspects you may be under the age of 18 then they will lock your account and will not reopen it until you have proven you are over the age of 18, so be prepared to supply identification documents if asked.

  • Can I use web wallets to deposit and withdraw?

    There are some web wallets that are available to Australia based sports bettors and online gamblers that have been designed to allow them to keep their gambling funds in one very easy to manage online account however some web wallets for legal reasons do not allow Australian residents to use their services.

  • Which are the safest sports betting sites?

    You will only have the highest levels of safety in regards to ensuring a betting site is not going to screw you over in any way if you stick to gambling at sites that hold one of the betting licenses issued by our listed jurisdictions listed further down this web page, when you do take a look at that section underneath it you will also find details of a couple of licensing jurisdictions that you should avoid as they offer no protection to players what so ever.

  • Can I bet using my credit card online?

    You will be able to fund an online betting site account using you credit card, however be aware that there are several more cost effective methods for you to fund any betting site account, and by using your credit card you are of course gambling on credit and as much you will be hit with interest charges if you fail to pay off your credit card bill in full at the end of the month, if you do use your credit card then always set yourself limits and stick to them.

  • When can I place a sports bet online?

    Sports betting sites never close, and as such if you wish to place a bet on a sporting event anywhere in the world then as long as that event hasn’t already started you can log into your betting account at any time and play a wager on it. In fact thanks to the new In Play betting markets you are going to be able to bet on some sporting events and some sporting fixtures even after they have begun.

    Be aware though that not all sports betting sites offer these new In Play betting markets, so you may have to have a hunt around for sites that do, and when accessing these types of betting markets you are going to be able to place a wager up until the dying minutes of any sporting event.

  • How does a betting site know I’m in Australia?

    For fraud prevention reasons all online sports betting sites are able to tell where you are accessing their websites and sports betting sites from, this allows them to be able to only offer their range of betting opportunities to countries where they are licensed to operate or in market places they are targeting. So whenever you visit a sport betting website if you get a message that you are unable to access or use their site it will be simply a case that the site does not allow Australian residents and citizens to gamble at their respective site.

  • Do I have to pay taxes on my winnings?

    You are not going to be charged tax on any winnings you accumulate from betting online, whilst Australia does charge gambling taxes these taxes are levied on the actual companies and operators of gambling venues and sites, and as such you are never going to have to hand over a proportion of any winnings you make when you have been betting online. There is no current legislation in place to change the way gambling taxes are levied on gamblers and as such you are free to bet online safe in the knowledge you are going to be playing in a tax free environment.

Legal Commonwealth Licensing Jurisdictions

  • UK Gambling Commission – One of the most robust gambling license issuers is the UK Gambling Commission, and every single betting site they have issued licenses to operate to the highest industry standards and each of them is closely regulated.
  • Gibraltar Gambling Commissioner – Gibraltar as had a long tradition in regards to online betting and online gambling site regulation and you are unlikely if ever to run into any problems when betting at a site holding one of their online gambling licenses.
  • Alderney Gambling Control Commission – Many online gambling related websites have chosen to become licensed in Alderney as this is another first class gambling jurisdiction and one that operates to the highest standards in regards to fairness and integrity.
  • Isle of Man Casino Control Commission – One final gambling jurisdiction where you are going to find the highest levels of integrity, fairness and opened is the Isle of Man Casino Control Commission who has been issuing online gambling licenses to companies based on the Isle of Man for many years now.

Other Gambling Jurisdictions

The following two gambling jurisdictions offer online gambling licenses and many of the sites holding their licenses do target Australian sports bettors, however you are afforded no real protection from them and as such should avoid betting at any site holding a gambling license from either the Government of Curacao or the Antigua Directorate of Offshore Gambling.