As you might have guessed from the name, sportsbet is a sportsbook that offers a wide range of betting markets. It also has a decent selection of racing and other minor sports. However, it can be somewhat lacking in some areas compared to other bookmakers like Betstar, PlayUp and Unibet.

The most important thing to remember when placing a bet is that you can’t win every time. In fact, most bettors lose money in the long run. But if you’re careful and follow the right tips, you can minimise your losses and improve your chances of winning.

To calculate the probability of a bet, you need to look at the odds. This will give you a clear indication of how much profit you’ll make on winning bets. For example, if a team is set at 1.61, then its odds are higher than those of a team at 2.40. The lower the odds, the more likely it is that you’ll win.

Smart bettors often analyse previous match results and determine why a team won or lost. This can help them find potential value bets by determining how much the result was influenced by factors such as the type of scoring, the player’s form and home field advantage. This approach can be time-consuming, and there’s no guarantee that you’ll pick winners consistently. However, it’s a good way to get better at predicting the outcome of sporting events.