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Global online betting regulations

Betting on sports and the various laws governing it depend on where you are in the world. To ensure that you know what you can and cannot do when it comes to online betting, here’s how it differs from country to country.

Where is sports betting legal around the world?

Is Sports Betting Legal in Australia?

Sports betting is legal in Australia, however, there is no single piece of legislation governing gambling activities in the country. Instead, it is regulated at both state and federal level.

There are a plenty of Australian-based betting companies licensed to operate retail shops and also accept online sports bets. Moreover, many of the biggest international sportsbooks are also licensed to operate down under.

The biggest restriction to be aware of is in-play betting, which is illegal to do online. It is possible to bet while an event is taking place, but it has to be done over the telephone or in person in a betting shop.

Sports betting odds: American, decimal & fractional

Betting odds are not the same all over the world. Depending on where you are, you will be presented with one of three different formats. It’s always worth reminding yourself that the probability they are expressing is the same – and that you can convert from one to another quite easily. You can compare all three formats using our free online odds calculator.

American

Also known as moneyline odds or US odds, it is always displayed using a bet total of $100.

The odds for the favorite, which will have a minus sign (-) in front of them, show the amount you need to bet to win $100.

The odds for the underdog, which will carry a plus sign (+), show how much you will win if you bet $100 on your choice.

If the Kansas City Chiefs are the favorites to win, their odds might be -175, and you’ll have to bet $175 to win $100 – a total return of $275.

Their opponents, the Tampa Bay Buccaneers, may be priced at +145, and you’ll have to bet $100 to win $145 – a total return of $245.

Global betting FAQs

Where is online sports betting legal?
Is offshore sports betting legal?
Are sports betting apps legal?
Which states have legalized sports betting?