A sportsbook is a gambling establishment that takes bets on sporting events. A sportsbook sets odds on the probability that a given event will occur, and bettors can place wagers on either side of the spread. When a bet is successful, the sportsbook pays out the winning amount. Whether you’re betting on a football game or a horse race, it’s important to understand the risk involved in your bets.

The best way to avoid losing money while betting on sports is to stick to a flat-betting strategy. This means betting the same amount on each game and not risking more than 1% to 5% of your bankroll. It’s also important to research teams and players before placing a bet. This way, you can make better decisions and minimize your chances of losing money.

Sportsbet is an Australian online bookmaker founded in 1993. It offers a full range of sports and racing markets, including horse racing and AFL. It offers a free account and a mobile app, as well as a variety of promotions. Customers can use its Blackbook feature to track favourites and receive SMS alerts on their next races. It also offers Same Race Multis, which combine runners in a single race for higher odds.

Sportsbet uses ServiceNow to automate workflows and create a central repository for all service requests. This helps them streamline processes and ensure that users can get access to enterprise applications when they join, move between positions, or leave the company. This saves the company time and resources by eliminating manual processes and reducing errors.