What is Live In-Play Betting?
Live betting is a type of sports betting that allows you to place wagers on a sporting event while it is happening.
This means that you can watch the game, make informed decisions based on what you are seeing, and then bet on a range of different markets, from the game’s outcome to the next player’s score and much more.
Live-in-play betting is a great way to add excitement to your sports-watching experience. Instead of just watching the game, you can now bet on different outcomes and potentially win money while doing so. This type of betting is especially popular for sports like soccer, basketball, and tennis, where the momentum can change quickly and unpredictably.
The Legality of Live In-Play Betting in Australia
The legality of live in-play betting in Australia has been hotly debated in recent years. Below, we will examine the Interactive Gambling Act of 2001, the current legal status of live-in-play betting, and potential future changes in legislation.
Interactive Gambling Act of 2001
The Interactive Gambling Act of 2001 regulates online gambling in Australia. Under this act, betting agencies are prohibited from offering live betting services to Australian residents online. To circumvent this law, many Australian betting sites will only accept live betting wagers over the phone.
Current Legal Status
Live in-play betting is legal in Australia, but there are restrictions. Under the Interactive Gambling Act of 2001, Australian companies cannot offer live in-play betting online. However, international companies can offer this type of betting to Australian residents.
Potential Future Changes in Legislation
There have been calls to amend the Interactive Gambling Act of 2001 to allow Australian bookmakers to offer live in-play betting online. However, at this stage, it is unclear whether any changes will be made to the legislation.
Head on over to our homepage now to find all Australian betting agencies that currently offer live betting services.
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