Australians like to have a bet. They bet on sporting events, dog races, harness racing and they wager huge amounts of money on events at thoroughbred horse race meetings.
Not long ago, Australians had to actually attend at a race track if they wanted to have a bet on a horse race. Licensed Bookmakers on the course handled each bet and people would walk up and hand over cash in exchange for a betting ticket.
Of course, there were off track "Bookies" who were unlicensed betting operators often found at local hotels. They ran an unofficial betting business that provided a service for people who wanted to have a bet on a race but could not go to a track. Punters would listen to races on the radio to learn the fate of their "investment".
Various State and federal governments in Australia worked out that police could not stop illegal betting and so they were missing out on huge amounts of racing taxes. They came up the idea of opening official local betting shops or Totalisers. These TABS as they were known, worked out well for everyone involved. The public were protected from crooks as they could place a bet in a tightly regulated outlet. The government took a slice of the turnover and there was more money available to put back into the racing industry.
Technology has led to another gambling revolution. Online casinos like www.australianonlinecasino.org provide an online location where people can place a bet on any one of hundreds of casino or slot games. New games are coming online all the time so regular punters and those looking for entertainment, can go back often to see new betting options that provide fun and entertainment as well as the chance to make some extra money.
Online betting is a great way to place a bet on sporting events without having to leave your home. You can watch an event on TV or on an app and place a bet at any time. Betting businesses keep records of financial transactions in personal betting accounts and winners can withdraw their money easily.
Recent innovations in online betting include online simulated Lotto options which do not actually run a Lotto game but provide betting on the outcome of real life Lotto draws. These are very popular with people in Australia but not so popular with the government which does not share in a percentage of the turnover, as they do with "real" licensed Lotto draws.
Better give those a try now if you wish to try them out, as the government is looking at them closely with a view to removing competition to Lotto draws from which they make money.