As you would expect the majority of money wagered within the Australian betting industry is placed on sporting markets that punters have loved since childhood with all the home grown sports ranking high each year.
Below is a list of the most popular sports that punters like to have a wager on week in week out, we have taken each sport and written a betting guide with the most popular bet types across each sporting sphere.
Australian rules football is of course the flagship sport for most Aussie punters and the majority bet on AFL outcomes at some point within a regular season.
The most common bets are placed on teams to win either the Premiership or the Brownlow medal.
Rugby league is also one of the most popular sports that punters bet on throughout the year with the main focus being the Premiership winner and the Dally M award.
The rugby league world cup is also popular which comes around every four year.
Soccer in Australia is quickly becoming one of the most popular alternatives to bet on with the A League which is Australia's premier division and the English Premier League being the two most preferred markets punters like to have a punt on.
The World Cup which is held every four years is also very popular amongst punters.
Cricket in Australia has a long standing history and the public also like to have the odd wager on the sport too with the Sheffield Shield and the relatively new twenty twenty tournament The Big Bash being the common choices amongst punters.
The Ashes which is held between Australia and England is also a very popular market.
With Australia hosting one of the four tennis majors each year it is no surprise that the sport is popular with punters.
Along with the Australia Open the other three majors which are the US Open, French Open and of course Wimbledon are also popular year on year.
Way out in front of any sport or racing code to bet on is the thoroughbred's, each year horse racing turns over more money than all others combined and it is know wonder as Australia hosts some of the best racing carnivals throughout the world.
The Caulfield Cup, Magic Millions, Australian Derby and of course the world famous Melbourne Cup are some of the most popular races each year.
Out of the three racing codes it is the greyhounds that is attracting more punters year on year which is no surprise with racing coming thick and fast.
The Melbourne Cup is the worlds richest greyhound event and is held at Sandown each year.
Harness racing is very popular with punters and more so with the tacticians amongst us as each race unfolds right before your eyes.
The flagship harness race is the Inter Dominion which is held in different locations each year.