Best Sports Betting Strategies You Can Try Today

Welcome to Online Aussie Casinos's definitive guide to online sports betting strategies. Whether you're a novice looking to dip your toes or a seasoned bettor aiming to refine your approach, our comprehensive insights will elevate your betting game. Dive into proven tactics, avoid common pitfalls, and harness expert advice to maximize your success. Let's embark on a journey to transform your bets from mere gambles to informed decisions.

Best Sports Betting Bonuses for July 2024

betting bonus icon

Rating9/10

Does not accept players fromUS

10% no risk bet up to AU$ 150

Plus 150% Hunting Bonus up to AU$ 1500 | 3 more welcome Sports bonuses + many promotions

  • 5 Welcome Bonuses with a 100% up to AU$ 300 + 100 Freespins to start with
  • Weekly Reload and Freespins
  • Weekly Cashback for Crypto and Live-Casino
  • Good VIP-Program
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

Good Odds & Fast Payouts

  • 3 more Welcome Bonuses 75%/ 75%/50%
  • Weekly Reload and Freespins
  • Great Sportsbook Section
  • Fast withdrawals
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

Good Odds & Fast Payouts

  • 3 more Welcome Bonuses 75%/ 75%/50%
  • Weekly Reload and Freespins
  • Weekly 10% Cashback with Wager of just 5x
  • Great Sportsbook Section
  • Fast withdrawals
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

Good Odds & Fast Payouts

  • 3 more Welcome Bonuses 75%/ 75%/50%
  • Weekly Reload and Freespins
  • Great Sportsbook Section
  • Fast withdrawals
Read Review
betting bonus icon

Rating9/10

Accepts players fromUS

35-85 AU$: 40 AU$ free bet + 50 Free Spins / 85-165 AU$: 85 freebet AU$ / Over 165 AU$: 65 AU$ freebet

40x wagering is needed for free spins, valid for three days.

  • 2 additional welcome bonuses
  • Daily (!) Cashback 10-20%
  • Great sportsbook selection
  • Many promotions and good VIP program
betting bonus icon
Exclusive Bonus

Rating8/10

Accepts players fromUS

100% up to AU$ 150

Wager 6x (min odds 1.5 for multibets and 2.0 for single bets) I Maxbet AU$ 75

  • 2 more Welcome Bonuses 75% and 50%
  • Weekly Reload up to AU$ 1050 + 50 Freespins
  • Weekly Cashback and weekly Freespins
  • Good Sportsbook and nice VIP-Program
  • Low daily & monthly withdrawal limits
betting bonus icon

Rating8/10

Accepts players fromUS

100% up to AU$ 150

Wager 6x (min odds 1.5 for multibets and 2.0 for single bets) I Maxbet AU$ 75

  • 6 more Welcome Offers to choose from
  • Weekly Reload up to AU$ 1050 + 50 Freespins
  • Weekly Cashback for Pokies and LiveCasino
  • Good Sportsbook and Nice VIP-Program
  • Low daily and monthly withdrawal limits
betting bonus icon

Rating8/10

Accepts players fromUS

100% up to AU$ 500

Wager 10x (min 2 events and 1.4+ odds each) I No MaxBet

  • 2nd Welcome Bonus 100% up to AU$ 500
  • 10% Loyalty Cashback Bonus
  • Many Sportsbook Promotions
  • Good Live Casino
betting bonus icon

Rating10/10

Does not accept players fromUS

150% up to €/US$ 1500

Wager 15x (min 3 items accumulated – min 1.3 odds) I Maxbet €/US$ 1000

  • 3 Welcome Bonuses with a 100% up to €/US$ 1500 to start with
  • Weekly Reloads & Cashback
  • Great Sportsbook & ESports section with attractive offers
  • Huge selection of games
Read Review
betting bonus icon

Rating10/10

Does not accept players fromUS

100% Sports-Bonus up to AU$ 100

2 more Sports Welcome Bonuses

  • 2 more Welcome Bonuses 55% & 100%
  • Rakeback up to 25% (paid no matter of winning or losing)
  • Great Sportsbook Welcome Package
  • Fast Payouts
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

100% Sports-Bonus up to AU$ 100

2 more Sports Welcome Bonuses

  • 2 more Welcome Bonuses 55% and 100%
  • Daily (!!) Cashback up to 25% with Wager 1x only
  • Great Sportsbook Section with nice Welcome Package
  • Very fast Withdrawals after verification
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

100% Sports-Bonus up to €100

Weekly 5% Sports-Cashback

  • Accepts Australian traffic but unfortunately no AU$ currency
  • Very nice Casino with Daily Cashback AND(!) Rakeback
  • Rakeback you receive no matter wheather winning or loosing
Read Review
betting bonus icon

Rating8/10

Does not accept players fromUS

BetonRed sports bonus

  • 2nd Deposit 55% up to AU$ 225
  • 3rd Deposit 100% up to AU$ 225
  • up to 25% Rakeback on every Spin/Bet
  • Tournaments at LiveCasino & Pokies
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

100% Sports-Bonus up to AU$ 500

3+1 Freebet

  • 100% – 50% – 100% up to AU$ 500 each for first deposits
  • 155% Welcome Bonus for Crypto-Deposit
  • Great Sportsbook with many Bonuses
  • 100% up to AU$ 500 E-Sports Welcome Bonus
Read Review
betting bonus icon

Rating7/10

Accepts players fromUS

100% up to AU$ 150

Wager 6x (min odds 1.5 for multibets and 2.0 for single bets) I Maxbet AU$ 75

  • 2 more Welcome Bonuses 50% and 75%
  • Weekly Reload up to AU$ 1050 + 50 Freespins
  • Weekly Cashback and weekly Freespins
  • Good Sportsbook and nice VIP-program
  • Low daily & monthly withdrawal limits
betting bonus icon

Rating10/10

Does not accept players fromUS

100% Sports-Bonus up to AU$ 250

2nd Welcome Sports-Bonus & up tp 20% Daily Cashback

  • DAILY (!) Cashback 10-20% with Wager 3x only
  • Great for Raw-Cash players
  • Nice Sportsbook section with Welcome Bonus up to AU$ 250
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

100% Sports-Bonus up to AU$ 150

10% Cashback, Weekly Bonuses + other Promotions

  • Weekly Reload up to AU$ 1050 + 50 Freespins
  • Weekly Freespins
  • Cashback for Pokies & Live-Casino
  • Great Sportsbook (Welcome Bonus, Cashback & many more)
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

100% Sports-Bonus up to AU$ 150

Weekly Reload & Cashback + many more Promotions

  • 3 Welcome Bonuses with a 100% up to AU$ 700 to start with
  • Weekly Cashback for Pokies and Live-Casino
  • Great Sportsbook Section with 100% Welcome Bonus
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

100% Sports-Bonus up to AU$ 150

Weekly Reload & Cashback + many more Promotions

  • 3 Welcome Bonuses with a 100% up to AU$ 500 + 30 Freespins to start with
  • Weekly Cashback for Pokies and Live-Casino
  • Great Sportsbook Section with Welcome Bonus & many Promos
Read Review
betting bonus icon

Rating10/10

Does not accept players fromUS

100% sports bonus up to AU$ 500

up to 30% cashback, weekly reload & more promotions

  • 2nd Welcome Bonus 100% up to AU$ 500
  • Welcome Bonus for Crypto-deposits 170% up to AU$ 1000
  • Weekly Cashback & Freespins
  • Great Sportsbook with many promotions & Welcome Package
Read Review
betting bonus icon

Rating8/10

Does not accept players fromUS

100% sports bonus up to AU$ 150

Weekly reload, 10% cashback and other promos available

  • 2 more welcome bonuses
  • 15% weekly cashback up to AU$ 4500
  • 25% weekly cashback for Live Casino
  • Big Sportsbook with many bonuses incl 100% Welcome
Read Review
betting bonus icon

Rating8/10

Does not accept players fromUS

100% Sports-Bonus up to AU$ 150

Weekly Reload & Cashback + many more Promotions

  • Weekly up to 15% Cashback for Casino
  • Weekly up to 25% Cashback for Live-Casino
  • Nice VIP program
  • Great Sportsbook with Welcome Bonus, Cashback & many promotions
Read Review
betting bonus icon

Rating9/10

Does not accept players fromUS

100% of first bet amount back if bet is lost

  • Huge Pokies-Selection (6700 games, 91 providers)
  • Great Live-Casino
  • Fantastic Sportsbook and E-Sportsbook
  • Fast payouts (Crypto only) – deposits with many FIAT options
Read Review
betting bonus icon

Rating8/10

Does not accept players fromUS

Sports Welcome Bonus 100% up to AU$ 500

  • Unlimited 10% Cashback (Wager 45x) – please read terms
  • Sports Welcome Bonus 100% up to AU$ 500
  • E-Sports Welcome Bonus 100% up to AU$ 500
  • Great Game Selection
Read Review
betting bonus icon

Rating8/10

Does not accept players fromUS

100% Sports Bonus up to AU$ 150

Weekly Reload & Cashback + many more Promotions

  • Weekly up to 15% Cashback for Casino
  • Weekly up to 25% Cashback for Live-Casino
  • Nice VIP program
  • Great Sportsbook with Welcome Bonus, Cashback & many promotions
Read Review

Get the Edge on Sports Betting in Australia

If you want to get the edge when you bet on sports in Australia, you must do some vital things before the betting itself. Do research and risk management, and understand how the different areas in sports work. It would also be helpful if you get updates and are in the loop with the latest developments within the sport and understand teams and players.

One way to have an edge is to follow sports news and social media accounts. This way, you’ll get the latest market updates. Keep an eye on the odds and the betting markets, and pay attention to how they change over time. Below are a few things you can do first before betting.

Do Your Research

Researching before you place your bet is essential. Check the teams or individuals involved. Analyse past performance and understand relevant trends or statistics. Also, determine the status, such as injuries or team changes, as these things can affect the game outcome.

Manage Your Bankroll

Set your staking plans, including setting a budget and sticking to it. You can use a bankroll management technique such as the Kelly Criterion. It involves adjusting your bet size based on the perceived edge in a bet.

Setting your bankroll helps you avoid crash betting decisions when sports betting. Consequently, abrupt betting decisions can bring you significant losses.

Understand the Different Bet Types of Sports Betting

Knowing the different types of betting on sports to get a winning edge is essential. Aside from other betting types, such as value betting, the following are popular.

Futures Betting

Futures betting involves betting on a future event, such as a tournament or league winner. With this type of bet, you can put your stake before the event. And it can provide the potential for high payouts.

In futures betting, you can have more time to research and analyse the teams or players involved in the upcoming game. You could analyse other external factors that can affect the game. Mainly, it’s because you’re betting on an event or game yet to occur.

Futures bet offers high payout potential. The betting odds are usually more favourable since you place a bet before the event. It means you could win big money if your stake is correct. However, remember that futures betting also carries a higher risk than other sports betting types.

In-Play Betting

In-play betting, or live betting, allows punters to place bets during a match. This betting type has recently become popular. It provides the opportunity to react to events in real-time.

Unlike other traditional betting methods, in-play betting lets you adjust your bets. It’s based on the events in an ongoing match or game. Thus, it gives you an advantage by grabbing opportunities as they arise.

Moneyline Bets

This is the most straightforward bet you can make in sports betting. You choose a player or team that you believe will win a particular game.

The outcome will depend on the specific sports you’re betting on. Some sports, like tennis, have only two players competing. In this case, a moneyline bet can only have two possible outcomes – either player A wins or player B wins.

Sports such as basketball have multiple players or teams competing. In this case, a money line bet may have three possible outcomes. They can be Team A wins, Team B wins, or the game ends in a tie.

The moneyline bet principle doesn’t change regardless of the number of outcomes. Bettors choose the player or team they believe will eventually win the game. If the bettor got it right, they would receive a payout.

Over/Under Betting

Over/Under Betting is one of the popular betting types. The punters bet on whether the total score of a match will be over or under a specific number. For example, suppose the over/under for a soccer match is 2.5. Then, you can bet on whether the final score will be three goals or more (over) or two goals or less (under).

Prop Bets

These are wagers on specific events within a match unrelated to the final score. For example, you might bet on which player will score the first goal, how many yellow cards will show, or whether a particular player will be sent off.

Handicap Betting

When a match has an obvious favourite, handicap betting equalises the game. The bookmaker gives the underdog a points advantage. It’s added to their final score. Meanwhile, the favourite gets a point deduction. This means the underdog gets a better chance of winning.

Tips and Strategies for Winning Sports Bets

We all know that luck plays a big part when betting. Still, being skilful and using betting strategies would add to the winning factor. So, here we’ll discuss some helpful tips and strategies when betting on sports.

Specific Betting Strategies to Try Out

Below are a few betting strategies you can try out today.

Value Betting: One of the most effective strategies is value betting. This involves identifying and betting on games where you believe the bookmakers’ odds do not accurately reflect the actual probability of the event outcomes. By consistently betting on these “value” opportunities, you can achieve a positive return on investment over the long run.

Betting Against the Public: Often, the general public can sway the odds of a game based on popular opinion, leading to skewed betting lines. By betting against the public, you can take advantage of these skewed odds and increase your chances of winning.

Zig-Zag Theory: Especially popular in playoff series, the zig-zag theory suggests that teams are more likely to bounce back after a loss. By betting on a team that just faced a defeat, especially if they are playing at home, you can capitalize on better odds.

Odds Analysis

Odds analysis is the first step to creating a winning strategy. It defines the possibility of an event occurring. Also, it influences the potential payout of a winning bet in sports betting. Higher odds mean less chance for an event to happen but provide a higher payout potential.

Aussie punters should do a thorough odds analysis. It includes comparing odds from various bookmakers. Comparing as many of them as possible would be best for better chances of finding a value bet.

The Power of Focusing on One Sport

While it’s tempting to bet on various sports, specialising in one sport or even one league can give you a significant edge. By focusing on a specific area, you can gain in-depth knowledge, understand team strategies, and be better informed than most general bettors. This deep understanding can lead to better decision-making and more successful bets.

Sports Analysis

Analysing the statistics and trends of a particular sport is the key. Examine the player and team performance, and also consider past results and current forms. When you do thorough sports analysis, you can identify value bets.

Handicapping

You do it by analysing and predicting the sports event outcome. Mainly, you study a range of factors, including player injuries, head-to-head records, and past performances. Doing handicapping gives you an edge over bookmakers.

Wagering Systems

As part of your efficient money management, consider using a wagering system. It helps increase your chances of success in sports betting by managing your bankroll.

Two popular wagering systems are the Martingale and Kelly Criterion. Both are based on mathematical formulas designed to maximise profits while minimising losses.

Martingale System

The Martingale system is a progressive betting system. The bettor doubles their stake after each losing bet until they win. Mainly, the idea is that a win will eventually happen, and the bettor will recover all losses and make a profit.

You start by betting a fixed amount, for example, $10. If you win, you continue betting $10 for the next round. But if you lose, you double your bet for the next game.

Suppose you lose again; double your bet to $40 for the next round. You continue doubling your bet until such time you win. Once you win, return to your original stake, $10 and start over again.

Downside of Martingale:

You need a large bankroll when sports betting to cover losses. If you’re on a losing streak, this system can quickly drain your bankroll.

Kelly Criterion

The Kelly Criterion considers the probability of a win and the potential payout. It’s relatively more complex than the Martingale system, but it’s considered more accurate.

First, compute the expected value of your bet. The expected value is the probability of winning. You multiply it by the potential payout. Then, minus the possibility of losing multiplied by the amount you bet.

Next, you calculate the Kelly criterion percentage. You do it by dividing the expected value by the potential payout. Finally, you bet a portion of your bankroll equals the Kelly Criterion percentage.

Although the Kelly Criterion is more accurate than the Martingale system, it can still lead to losing streaks when sports betting.

Expert Advice

Following expert advice is always a valuable resource. You can join online forums and read blogs to get expert advice.

Also, you can download a sports betting app and use the different resources it offers or subscribe to a sports news siteThis can help you stay updated with the latest betting trends and strategies.

Sports Betting Psychology

Betting psychology is an essential factor to consider. Greed, overconfidence, and fear can all lead to poor decision-making. Consequently, it leads to losses.

So, understand your psychological setup and biases and be more rational when placing bets.

Avoiding Common Pitfalls in Sports Betting

Below are the most common pitfalls bettors face when betting on sports:

Recovering Losses

One of the most common mistakes bettors make is trying to immediately recover losses by placing larger bets. This can lead to even more considerable losses. Remember to always stick to your strategy and avoid impulsive decisions.

Overconfidence

Furthermore, just because you’ve had a series of wins doesn’t mean you should bet more than your usual stake. Overconfidence can lead to poor decision-making. Always analyse each bet individually.

Ignoring Team Dynamics

Lastly, while statistics are essential, it’s also crucial to consider team dynamics, such as internal conflicts, coaching changes, or other off-field issues that might affect performance.

Emotional Control

Emotions can cloud your judgment. Whether on a winning streak or facing a series of losses, it’s essential to remain calm and objective. Avoid making bets based on emotions or gut feelings. Instead, rely on research, analysis, and strategy. Remember, sports betting is a marathon, not a sprint. Consistency and emotional control are critical to long-term success.

Get the Most Out of Your Sports Betting Strategy

It’s essential to keep accurate records of your betting history. Track your wins and losses and your overall performance over time. When you keep detailed records, you’ll be equipped with areas where your strategy may need improvement.

Additionally, be always disciplined, even when the going gets tough. Your emotions can easily cloud your judgement, especially when experiencing a losing streak. However, this is the most critical time to stick to your strategy. This way, you avoid impulsive decisions based on emotion. You’ll possibly achieve success in the long run if you do this.

Final Words

Understanding and implementing betting strategies are two different tasks. As an Aussie punter, one or both can be hard to do for you. Yet, using techniques can significantly increase your profits and minimise your losses.

Remember, implementing effective sports betting strategies can enhance your overall experience and can make staking more engaging and fun.

Building your bankroll is essential. However, remember to have fun. Appreciate the excitement that comes with betting on your favourite sports!

Frequently Asked Questions – Sports Betting Strategies

Yes, you can continuously win when betting on sports. However, it requires excellent skills, discipline and luck. It's vital to understand sports well. Also, the approach to betting should be for the long run.

The most common mistake includes using the heart, not the head, when betting. Another common mistake is not doing enough research and overestimating your ability to predict the game outcome.

Bankroll management is crucial when you're sports betting. It helps you avoid losing all your money in a single bet or when experiencing a losing streak.

Your level of knowledge and expertise are key factors. Sports popularity is another. You should also consider the variety of betting markets on offer.

Yes, there are several legal matters that you must consider when betting on sports in Australia. You must ensure that you are betting with a licensed bookmaker. Also, be aware of the laws concerning sports betting in your area.

Written by Luke Shiers

Australia
Profile Freelance Casino Writer

Hi, I’m Luke, an online casino enthusiast based in Sydney! I have a knack for crafting captivating content and a passion for all things digital. I’m delighted to be part of the OAC team. When not immersed in the virtual world, you’ll find me chasing adventure in the great outdoors or unwinding with a good book and a strong cup of coffee. Follow along for insights, tips, and a dash of casino magic!