Online bookmakers around the world each serve a unique selection of countries and offer a unique set of available account currencies. OddsJet only compares sports betting odds from reputable online bookmakers that accept customers from Australia and offer Australian Dollar accounts. All listed bookies accept different banking methods from Australian customers. Where noted, they may accept PayPal, BPAY, Skrill, Neteller, iDebit, Poli Payments, EcoPayz, paysafecard or credit cards. #ad

The OddsJet team found that bet365 offers an extremely intuitive, easy-to-use experience. With so many betting markets available, online sportsbooks can have convoluted interfaces. We found bet365 to be very easy to navigate and were able to find what we wanted when we wanted it on both mobile and desktop platforms. We also found banking to be an extremely simple process with many options available in our desired currency. When we needed customer support to address a login issue, the help received was instant and courteous. 'Same Game Multi' feature is available. Read the bet365 Australia review.

Unibet was established in 1998, from Stockholm, Sweden. Publicly listed on the NASDAQ OMX Nordic Exchange as Kindred Group PLC, Unibet serves over 10 million account holders from over 100 countries. Unibet has been a pioneer in gaming innovations involving live betting, mobile betting and security and player safety in terms of problem gambling detection. Unibet has also become a license holder in many European countries where regulation is heightened. Unibet accepts BPAY, Poli Payments, PayPal, Visa and MasterCard from Australian customers.

What is a bookmaker?

A bookmaker is a person or organisation that accepts wagers, usually on the outcome of sporting events, though popular culture events like the Academy Awards and national elections have also recently become the subject of wagering. The term ‘bookmaker’ comes from the practice of ‘making book’ or ‘making the book.’ This involved the recording of wagers in a hard-bound book, as the first bookmakers started in England in the late 18th century. Present-day online bookmakers might not use a book to record wagers anymore, but they essentially work in the same way, except that customers can wager without setting foot into a bricks and mortar bookmaker location.

How do bookmakers make money?

Bookmakers are not looking to make money from a single wager, rooting for one outcome versus another. The goal for a bookmaker is to make money on an event no matter the outcome. Bookmakers do this by setting the odds (and perhaps handicaps) and then changing them as required in the lead up to the event in order to balance their ‘book’. A balanced book that also builds a profit margin into the odds ensures that the eventual liabilities for the event will be covered no matter the outcome, with some money left over as revenue.

Bookmaker profit margin is often called ‘juice’ or ‘vig’ or ‘vigorish’ and can vary from 1.5% to over 5% as applied to all monies wagered on all potential outcomes of an event. The act of individual bookmakers having to balance their books, in combination with variations in their respective profit margins account for why betting odds can vary so widely between bookmakers for the exact same wager. It is also what makes odds comparison so important for bettors that wish to maximise their potential returns.