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- carey August 2017
- Fastmoney August 2017
- Jell August 2017
- paraletic August 2017
- TheDiva August 2017
- therealkramer August 2017
- Thumper August 2017
- twiggy August 2017
- Underpants August 2017
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Minimum bet rules: national coverage closer.
West Australian Racing
Fastmoney
4,912 posts
Mark Haywood.
Racing is getting closer to finally having minimum bet rules in place
across the whole country, with those states yet to implement them
indicating the issue is firmly on the table in the next 12 months.
Minimum
bet rules require bookmakers to take bets from any punter on raceday to
win up to the nominated amount. The rules have proven a saviour for
sharper punters previously frustrated by having their bets refused by
bookmakers unwilling to take them on.
Racing NSW introduced the
concept in 2014, with Victoria and Tasmania since following suit.
Queensland has also committed, with January 1st the likely
implementation date.
Speaking to Punters.com.au, racing authorities from South Australia and Western Australia have now indicated a willingness to get the rules in place.
South Australian racing is today embarking on a new level of exposure, going free-to-air into all Australian homes via Racing.com.
It’s hoped that expanded coverage will provide a significant boost to
betting turnover, making minimum bet rules an important issue.
“While
the Board hasn’t determined a final position, given the feedback
received it is likely the Board will consider introducing minimum bet
limits when it next reviews its wagering operator agreements in June
next year,” said Thoroughbred Racing SA CEO Jim Watters.
Further west, Racing & Wagering WA also indicated a desire to move forward.
“I
think, universally, we believe the expectations of punters need to be
met in this space,” said RWWA Commercial Racing & Planning Manager,
David Hunter.
“We first need to put the case to the state government, who in turn must implement the necessary regulation changes.
“We
have a unique structure here, RWWA runs the TAB licence as well as
undertaking the PRA functions for the three codes. To manage any
conflict of interest the Racing Bets Levy is administered by the Gaming
and Wagering Commission.
“The process is the RWWA Board will
first consider the matter – expected to be at the end of this month –
and from there we’ll make a submission to the Commission, and hopefully
we can get things moving after that.
“This is certainly something
we’re looking to deal with in the short-term. We only have an
opportunity to provide a submission to the Commission once a year, and
minimum bet limits will be incorporated with the annual review of rates
that are charged to wagering operators.”.
The man credited by many with leading the charge for reform, punters’ representative Richard Irvine of Fair Wagering Australia, praised the moves.
“It’s
so encouraging to see that both South Australia and Western Australia
believe in the benefits for punters and the industry that come from
introducing minimum bet limits,” said Irvine.
“It makes sense for
both to announce that they’ll bring them in as soon as possible, even
if it might take up to a year to bring them into force. By not
announcing anything they continue to disenfranchise punters. I’ll
certainly be hitting them up with these thoughts.”
MINIMUM BET RULES: THE STATE OF THE NATION
For an industry that’s funded by betting turnover, you’d think ensuringeverybody can get a bet on would be near enough to first on the task
list.
Strangely enough that wasn’t always the case with racing,
but minimum bet rules were a major turning point for Aussie punters.
Still, it hasn’t all been smooth sailing across the country since Racing
NSW brought minimum bet rules to Australia in September 2014.
New South Wales
Limits: $2,000 metro / $1,000 non-metro
Racing NSW led the way as the first to introduce the concept, paving the way for other racing bodies to do likewise.
Victoria
Limits: $2,000 metro / $1,000 non-metro
After
initially claiming to be impeded by legal issues, Australia’s other
major racing state finally announced minimum bet limits in 2016, with
the rules taking effect on October 1st.
Queensland
Limits to be implemented January 1st 2018: $2,000 metro / $1,000 non-metro
In
January this year, Racing Queensland announced new race fee schedules
for bookmakers that were widely expected to introduce minimum bet rule.
That wasn’t the case, with racing minister Grace Grace indicating there
was in fact no intention to do so.
But fast forward just a
couple of months to March, and a statement appears out of the blue from
Racing Queensland announcing that after a period of consultation,
minimum bet rules were now on the way.
Legislation has now been passed and January 1st set for implementation.
Tasmania
Limits: $1,000 all races
Early
noises out of Tasmania weren’t positive for punters, with authorities
worried (perhaps justifiably) that the introduction of minimum bet
limits could turn corporate bookies off Apple Isle racing entirely.
Those
concerns appear to have settled however, with Tasracing quietly
introducing a $1000 state-wide minimum bet limit last month. It’s lower
than other states, but still a solid step in the right direction and
great to see.
South Australia
Limits: none currently in place
Western Australia
Limits: none currently in place.
Comments
Worked on both of my accounts at the time which were both severely limited (My original one and the one in the missus name).
All of this is a step closer but the rules need to be changed to apply to the markets as soon as they are open. If the bookies are going to frame their own market they should be required to take a reasonable bet on it right away.
excluded them in contravention of the minimum bet limit condition should
initially raise the matter with the wagering operator to ascertain the
reason for the refusal or exclusion. If they remain unsatisfied with the
reason provided by the wagering operator, then they should lodge a
formal complaint in writing via the Racing NSW minimum bet limit
complaints process and form http://www.racingnsw.com.au/default.aspx?s=article-display&id=1625
. Racing NSW will then investigate the complaint to assess, on the
evidence available, whether the wagering operator appears to have
breached the minimum bet limit condition and whether the wagering
operator should be referred for prosecution.
What should a punter do if they have a complaint?
At first instance, punters who believe that a wagering operator has
refused their bet or excluded them in contravention of the minimum bet
limit condition should contact the wagering operator to ascertain the
reason for the refusal or exclusion.
If the punter remains unsatisfied with the reason provided by the
wagering operator, and they do not fall within one of the exclusions
listed in the conditions, then they may lodge a formal complaint with
Racing Victoria by completing and submitting the complaints form found
on the Racing Victoria website at: https://rv.racing.com/racing-and-integrity/wagering/minimum-bet-limit-complaint-form
Complaints will only be accepted and investigated following submission
of a fully completed complaints form. Rude, abusive or offensive
submissions will be disregarded.
AceV likes this post.
Rodent, paraletic likes this post.
good to see you posting twiggy.
If you had an account at a corp that closes instead of limits ie ladbrokes they were/are compelled by law to re-open and bet you at advertised/quoted prices. I haven't had one closed but can confirm there are no problems with corporates not adhering to the laws either reopening closed accounts or betting required volumes just about across the board. It seems corporates like to push boundaries but have rarely heard of any complaints with this.
therealkramer likes this post.
Therein lies the problem. I found they adhered to the rules imposed for NSW and VIC but there was a change in the way they did their markets.
They started putting odds up later and copying markets like everyone else. Instead of having odds up well in advance (usually first) like they do for most codes and races.