Compare Australia's Leading Bookmakers

Online Gambling Bookmakers

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1. Sportsbet Sportsbet $250 Grab a $250 FREE BET + BEST ODDS of the 3 TABs Play at Sportsbet
2. IASbet IASbet $200 + Guaranteeing To Pay Better Odds Than The 3 TABs Play at IASbet
3. Centrebet Centrebet $200 + Paying Better Of Your Fixed Odds Price & Best Tote Play at Centrebet
4. Sportingbet Sportingbet $150 + Guaranteed Best Payout Of 3 TABs Or Bookies Price Play at Sportingbet
5. LuxBet LuxBet $100 + Highest Price Of The 3 TABs Or On Course Top Fluc Play at LuxBet
6. ReadBet ReadBet $0 + Guaranteed To Pay You Better Odds Than The 3 TABs Play at ReadBet
7. Betfair Betfair $0 * Betting Exchange, Back Or Lay A Horse Play at Betfair
8. TAB TAB $0 * Bet On Phone, Internet, Pub, Club or Local TAB Store Play at TAB

Australian Bookamkers

Australian Online Gambling Bookmakers take betting odds from punters based on the betting odds that they publish. These betting odds serve as guidelines for the projected outcome of the race and the heavily favored thoroughbreds are given shorter odds. However, the result of the race may not reflect the order that the betting odds show which makes horse race betting exciting.

Bookmakers creates a point spread by adjusting the betting odds of the participating race horses in order to guarantee his profit by getting a balanced book. Bookmakers try to gain a balanced book by getting equal bets for every outcome or by getting wagered amounts to reflect the betting odds.
Bookmakers take more bets in if a large bet is about to be made to guarantee profit regardless of the outcome. Online racing bookmakers offer betting markets on horse racing events, harness racing and greyhound racing. Punters can make standard bets or exotic bets for each race with the exotic bets presenting bigger potential payouts.
Standard bets include the win, the place and the each way bets while exotic bets include the quinella, trifecta, exacta and first four bets. In the win bet, you will win if you correctly chose the thoroughbred that will win the race. When making a place bet, you must choose the horses that will finishes in the top three spots and you will get a payout if you get one of these places correctly.
In the each-way bet, you can place two bets on one horse like the 2011 Melbourne Cup. This means that you can have one of two payouts if your chosen horse wins or if it finished second or third. On the other hand, the trifecta bet pays out with nice Melbourne Cup Odds if you correctly chose the three race horses that will cross the finish line first in exact order.
The quinella bet requires only the top two horses that will finish the race regardless of order while the exacta bet needs the top two horses that will finish the race in exact order. The toughest among exotic bets is the first four bet wherein you must choose the first four race horses that will finish the race in exact order.
Before making bets with an online bookmaker, you must register an account and make an initial deposit to the payment option that you have specified. Payment options often include direct deposits, wire transfer, credit cards, cheque and online wallets.
Online bookmakers often match your initial deposit with welcome bonuses and multiple bets are rewarded with free bonus bundles. Make sure that the online bookmaker that you have chosen has a license to operate and the mark of approval from other punters. Reading reviews and third-party testimonies can help you discern the best online bookmaker there is.