Best Betting Sites with Highest Odds in Australia

What Are Betting Odds?

Betting odds indicate the possibility and reward of a certain result in a sports event. They are important for bettors since they help calculate how much one may win in relation to how much they stake. Australians have their choice of fractional, decimal, and moneyline odds.

A bettor can win $2 for every $1 wagered, based on odds of 2.00 in decimal form. For bettors to make educated bets, they must be able to examine odds offered by several bookies and determine which ones provide the greatest value.

Betting Odds Variations

In sports betting, various odds formulas represent the probability of an occurrence. The most favoured options are fractional, decimal, and American odds, with each presenting distinct benefits.

Fractional Odds

Fractional odds are the prevalent format in sports betting, especially in Australia and the UK. They signify the potential earnings on the investment. For instance, with odds of 5/1, a player who places a $10 bet would earn a profit of $50 upon winning, bringing their total return to $60, which includes the original stake.

Decimal Odds

Decimal odds represent the complete payout, encompassing the stake as a single number. If a player places a $10 bet at odds of 6.00, their total return upon winning would be $60, calculated as $10 multiplied by 6.00. Decimal odds are widely used beyond America and the UK.

American Odds

American odds show the potential winnings or the amount required to bet, usually displayed as either a positive or negative. For example, with odds of +200, a bettor placing a $10 wager would earn a $20 profit, bringing their total return to $30. On the flip side, -150 odds indicate that a player needs to wager $150 to secure a $100 win, resulting in a total return of $250 if successful.

Pros and Cons of the Best Odds Betting Sites

Among the many benefits of top-tier Australian betting sites are generous payouts and various markets. However, there are possible drawbacks, such as complicated terminology and the risk of addiction. Presented in the table below are the advantages and disadvantages of different platforms.

Comparison of Bookmakers with the Best Odds

Find the best odds from many bookies on various sports right here. Learn which bookies provide the best value for money and use that knowledge to place smart wagers on all the most popular sports.

Best bookmakers by odds for football betting

Many Australians like to wager on football matches due to the sport’s immense popularity in the country. Bookmakers in Australia often provide competitive odds, and punters wager extensively on both local leagues and big international competitions. Total goals, halftime scores, and a plethora of exciting prop bets are choices that are exclusive to football betting.

Bookmakers	A-League	English Premier League	UEFA Champions League
	2.10	1.85	1.92
	2.15	1.90	1.93
	2.05	1.88	1.89

Best bookmakers by odds for basketball betting

The National Basketball League (NBL) and the NBA have helped to promote a massive basketball fan base in Australia. Australian sports bettors often gamble on basketball games at home and abroad. Take a look at the margins at our recommended bookmakers.

Bookmakers	NBL	NBA	Euroleague
	1.75	1.82	1.88
	1.78	1.84	1.90
	1.76	1.80	1.86

Best bookmakers by odds for baseball betting

Australia has a small but dedicated baseball fan base, and punters often follow American leagues like Major League Baseball. In baseball, gamblers may take advantage of various markets, including those for run totals, individual innings, and special props like home runs and strikeouts. Take a look at the table below for a comparison of margins at major bookmakers.

Bookmakers	MLB	NPB	Australian Baseball League
	1.90	1.85	1.75
	1.92	1.87	1.78
	1.88	1.83	1.76