By There is no country in the world that loves gambling any more than Australia! While betting on horses dates back to the early 1800s, it is betting on a sport that exploded in popularity in the 2000s. Wagering on sports such as soccer, cricket, rugby, tennis and golf has boomed, with the internet and live television coverage key factors on the rise. This unprecedented growth has led to some myths about online betting. We will address some of these myths below and show how you can avoid any pitfalls that you may encounter.
Online Betting Myths
Myth #1 It is not safe to bet online – Online betting in Australia is heavily regulated and safe. To operate a bookmaking service there are a number of compliance issues that must be addressed before an operator is granted a licence. These regulations include all aspects of betting such as financial guarantees, character tests and internet encryption security. Every online betting transaction receives a unique number identifier and all jurisdictions have the authority to settle disputes. This is why it is so important to bet with a bookmaker that is licensed within Australia.
Myth #2 Betting online is rigged – Every bet is logged and stored on the online bookmaker’s website. You can view your bets, both past and present anytime online and each transaction has its own number. The jurisdiction that issues the licence to the bookmaker can access this information and performs checks and audits regularly.
Myth #3 All Bookies are the same – This is a HUGE myth! Some bookies are Australian owned and operated while many of the “mega-bookmakers” are internationally owned. When you place a bet with Palmerbet you can be assured that your money stays in Australia to employ Australians, pay taxes in Australia and invest in the Australian racing and sports industry.
Myth #4 You can’t win – Of course, you can win and many bettors do win on a weekly basis. The key to betting is discipline and research. The successful bettors are able to weigh up past results with new information and the current betting odds. With that information, they can then place an informed bet on an outcome. It is possible to turn the odds in your favour and remember to gamble responsibly.
Why Choose Palmerbet?
The Palmer name is synonymous with bet on racing in Sydney. Ted Palmer began bookmaking over 50 years ago and his son Andrew followed him into the business. Andrew’s sons Grant, Adrian and Matthew have taken the Palmer name into the 2000s with the online betting business known as Palmerbet. When you place a bet with Palmerbet you are betting with a third-generation racing family with a wealth of experience.
Palmerbet is owned locally and operates under the regulation of Racing NSW. They are financially guaranteed by the NSW Bookmakers Co-operative and licensed by the NSW government. All the relevant licensing information is readily available on our websites. You can rest assured that your money is safe and that you are betting with an established and trusted bookmaker.
Betting News and Information
Palmerbet.com.au provides free daily horse racing tips and horse racing previews as well as updated betting markets, breaking news and information. They offer a variety of betting markets on horse racing including exotics and you can bet either pre-post or on the day.
The Palmerbet Blog is a great source for free expert racing tips, betting previews and up-to-date betting odds as well as the all-important Racing tips.
Palmerbet is your one-stop for all your betting tips as well as racing and sports betting markets. Visit Palmerbet.com.au or download the Palmerbet app via the app store.
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