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The Board of Racing NSW has resolved to introduce a condition which requires wagering operators to take bets from all customers to ensure a fairer deal for punters. All wagering operators will be required to stand to lose a minimum amount on any single fixed odds wager on NSW Thoroughbred races.
The minimum bet condition will be implemented following extensive consultation with wagering operators.
Racing NSW Chief Executive, Mr V’landys, said today:
“There have been frequent and persistent complaints by punters about wagering operators refusing to take their bets, particularly in circumstances where those punters have been successful.
“Accordingly, the Board of Racing NSW has decided to make it a condition of its Race Fields Information Use approvals that all wagering operators are required to stand to lose a minimum amount on any single fixed odds wager on NSW Thoroughbred races.
“Racing NSW believes there is a current imbalance in favour of wagering operators at the expense of punters and this needed to be rectified.”
The minimum bet condition will be implemented following extensive consultation with wagering operators.
Racing NSW Chief Executive, Mr V’landys, said today:
“There have been frequent and persistent complaints by punters about wagering operators refusing to take their bets, particularly in circumstances where those punters have been successful.
“Accordingly, the Board of Racing NSW has decided to make it a condition of its Race Fields Information Use approvals that all wagering operators are required to stand to lose a minimum amount on any single fixed odds wager on NSW Thoroughbred races.
“Racing NSW believes there is a current imbalance in favour of wagering operators at the expense of punters and this needed to be rectified.”
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Replies: 255
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Im not sure how they will enforce this, but a step in the right direction.
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a step in the right direction indeed, at least it shows some understanding
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good to hear, will be interesting to see how the corporates react and what the minimum is
I hope the other states follow suit |
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wow awesome...and make sure they just cant close accounts either
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Of the Board Members i suggest eddie munster was the least vocal but as the mouthpiece he probably claimed the decision.
However it does say, from here on the wagering player has a voice; which means anytime any wagering player has a grievance Voice It. Will the Wagering Operators adhere ? Of course not and you can have 2 bob to a packet of goat shyte some of them are working on Contingency Bailouts right now. Standard procedure if challenged, deny, if re challenged plead innocence and deny again if evidence is produced then go the Alan Bond.If it goes further they will pay the fine and simply continue as per normal. Should be a thread on the variance of answers that you can expect from the wagering operators. Ranging from Hello ? anyone there ? Hello ? All the way to our server must have frozen sorry pal look that price is gone but you can have what you want at 1.50 |
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"Sure, we'll let all of our clients on to win a minimum of $1000 like we used to have to. In fact, we'll let them on to win whatever they want, that's why their account is still open".
The only people who cant get on, are the people with closed accounts ffs. Wont make a difference. |
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PS hello 8ball, hope things are well.
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THEY will just close all winning accounts.
no acc no bet has to be taken. |
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Can't see how this can possibly work satisfactorially.With On-Course Bookies,if a rush of punters hits together,the Bookie doesn't declare a 6 way dead-heat & let everyone on for the limit-He decides who got there first,bets him,then with the price turned off,takes what he wants from the others -After that,it's the new reduced price.For Online Bookies,if a punter has organized his team of say 6 "bowlers" & they all hit the "bet" button simultaneously ,how does he handle that ?-Does he bet them all the limit ?-Not B---y likely.Still,if someone can show how a Limit situation would work with Corporates,"Please Explain" [as Pauline would say]-
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Rocky, like an on track bookie who he bets who he thinks was1st in line, corps will do the same, remember every bet is time stamped, 6 try at once, 1 gets on the others don't
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You know Crow will be first more times than not
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They will part the red sea to let you on ffs
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They pay top dollar for CrowMail and good luck to them it's smart business
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Well they want to be certain their lays will lose ffs
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only relates to fixed odds betting on NSW horses, NOT people who want tote odds, best or middle tote, which is about 80-90% of all wagers struck with our corp scumbags.
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Monday, 23 June 2014
Minimum Bets For Punters – Consultation Progress Racing NSW last week continued the consultation process in respect of a Minimum Bet Limit requirement for bets placed on NSW races with Licensed Wagering Operators. The new condition will require the wagering operators to stand a horse to lose a minimum amount on a single fixed odds wager on NSW Thoroughbred races. During the week of Monday 16th June to Friday, 20th June 2014, open consultation was undertaken with all licensed wagering operators and their representative bodies. Punters were also interviewed about the situation as it stands now and ideas exchanged re the introduction of the new requirement. The wagering operators that were consulted included: TABS: • Tattsbet Limited as operators of Tattsbets Queensland, Northern Territory TAB, South Australian TAB & Tote Tasmania, • ACT TAB Ltd - Canberra • Tabcorp Holdings Pty Ltd as operators of TAB Limited NSW & TABCORP Wagering Victoria • Racing and Wagering Western Australia (RWWA) CORPORATE BOOKMAKERS: • Sportsbet Pty Ltd, • William Hill Pty Ltd as operators of Sportingbet , Centrebet & Tom Waterhouse NT • Unibet Pty Ltd as operators of Betchoice • Ladbrokes Digital Australia • Hillside Pty Ltd as operators of Bet365 • Tabcorp Holdings Pty Ltd as operators of Luxbet • Beteasy Pty Ltd • Merlehan Bookmaking -TopSport • Sportsbetting.com.au • AWC - Australian Wagering Council - the representative body for its Corporate Bookmaker members BETTING EXCHANGES: • Betfair Australia Pty Ltd BOOKMAKERS: • ABA - Australian Bookmakers Association (on behalf of all licensed On-Course bookmakers who are members of their applicable State Co-operative or Association) Racing NSW is considering the verbal submissions and ideas put forward in the consultation meetings by wagering operators and Punters. The consultation process is still ongoing and final confirmation of the minimum bet conditions will be published when all views and submissions have been considered by Racing NSW. All those that attended meetings have been invited to follow up with a written submission or additional ideas not canvassed in the meetings. Any other interested parties who would like to make a submission or have their ideas considered should please make their submission in writing to - rf@racingnsw.com.au - by 5pm on Wednesday, 25 June 2014 http://www.racingnsw.com.au/default.aspx?s=article-display&id=15922 |
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thanks Bricklayer - will be interesting to see what they come up with
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http://www.racingnsw.com.au/default.aspx?s=article-display&id=16086
Tuesday, 22 July 2014 Minimum Bet Limits Following extensive consultation with wagering operators and punters, Racing NSW has announced the terms of minimum bet limits that Australian wagering operators will be required to comply with when betting on NSW Thoroughbred races. Racing NSW Chief Executive, Mr Peter V’landys, said: “The consultation process with wagering operators and punters was very constructive and informative. Racing NSW carefully assessed the submissions from all parties and has amended its previous proposal in light of those submissions. “Racing NSW is confident that the conditions announced today are fair and practical for all parties, whether they are wagering operators, professional punters or recreational punters. All punters should be able to place a legitimate bet on NSW Thoroughbred races and should not be discriminated against by having their accounts closed or bets refused simply because they are successful. “Racing NSW will monitor the conditions to ensure that they are fair and practical for all parties. If warranted, changes may be made periodically to achieve the right balance.” The key points of the minimum bet limit conditions are as follows: • Wagering operators are not to take actions such as closing a punter’s accounts, refusing to open a punter’s account or placing restrictions on a punter’s account solely to avoid complying with the minimum bet limit conditions. However, wagering operators are still able to take such actions for legitimate reasons including undisclosed bowlers (persons betting on behalf of other persons), responsible gambling, fraudulent activity, money-laundering and other integrity related reasons such as the punter being warned off or disqualified. • Wagering operators are required to lay the odds displayed for fixed odds bets to the limits below. The minimum bet limit has been set at levels which are considered to be fair and balanced. Those levels were requested by most punters (although some professional punters requested higher levels) yet are still higher than what was requested by most wagering operators. For Australian Wagering Operators with Net Assessable Turnover on NSW Thoroughbred races greater than or equal to $5 million Race type Bet (Win and/or Each Way/*Win & Place) Metropolitan NSW Thoroughbred races $2,000 (*place component $800) Non-Metropolitan NSW Thoroughbred races $1,000 (*place component $400) For Australian Wagering Operators with Net Assessable Turnover on NSW Thoroughbred Races less than $5 million Race type Bet (Win and/or Each Way/*Win & Place) All NSW Thoroughbred races $1,000 (*place component $400) • Recognising differences in the off-course environment where punting can be rapid fire to the point of automation, wagering operators are only required to bet to the limit once per horse for each customer or related customers (where there are bowlers betting on behalf of other persons). • The minimum bet limit conditions apply to fixed odds bets placed after 9am on the day of the race (2pm for night race meetings) and do not apply in respect of bets placed as part of a betting exchange. They also do not apply to derivative bets such as best tote or exotic bets such as quinellas and trifectas. • At this stage, the minimum bet limits will not apply to cash (non-account) bets placed in retail outlets, including interstate and NSW TAB agencies, hotels, clubs and pubs, primarily due to the difficulties associated with determining whether a cash bet in a retail outlet is a bowler bet placed on behalf of another person. It is important to note that retail wagering operators will still be required to comply with the minimum bet limits for bets placed by account holders, whether by internet, phone or in the retail outlets. • Australian wagering operators will be required to comply with the minimum bet limit condition from 1 September 2014. • Punters who believe that a wagering operator has refused their bet or 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 with Racing NSW (minimumbet@racingnsw.com.au). 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. |
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Well done,Peter V'Landys.
Lets hope if flows on to other states and codes. |
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Just tried to re open bet 365 account
no success |
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Wagering operators are not to take actions such as closing a punter’s accounts, refusing to open a punter’s account or placing restrictions on a punter’s account solely to avoid complying with the minimum bet limit conditions.
However, wagering operators are still able to take such actions for legitimate reasons including undisclosed bowlers (persons betting on behalf of other persons), responsible gambling, fraudulent activity, money-laundering and other integrity related reasons such as the punter being warned off or disqualified. ... maybe advise 365 you ONLY wish to bet on NSW races Nick ... and then ask them for a written reason of rejection ... advising 365 you will be sending their reply to RNSW this will be quite interesting how RNSW new regulations on their own code play out |
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I didn't thing anyone got barred at Bet 365. They just restrict you to ridiculously low amounts.
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yes did that Thebas
they said will no be changing anything i notice changes take affect 1/9 so prob need to hang fire till then |
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close my account many moons ago castiron , maybe they changed tact after that not sure
havnt dealt with them since |
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yes good point Nick ... sept 1st ... try again
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1.01 same response!
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That's possible, Nick
I have two mates who can get on to win less than twenty dollars, on the trots. |
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no doubting what you are saying
they called me mid afternoon on saturday saying account closed funds will be in your bank account monday |
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they don't like you getting "overs'
ridiculous they will cut down your bet but still leave the same odds up for hours |
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bet365You are now chatting with an advisor.
Richard Br has joined this chat.You are now chatting with Richard Br.Richard Br Hello, welcome to bet365 live chat. How may I help you? Please include your four-digit security number if you want to talk about something specific to your account.david Hi am i able to place bets now on NSW Racing?Richard Br Good morning David, how can I help you today ?david Am i able to bet on NSW Racing now?Richard Br Yes if it available on the website to place bets on.david but im restrictedRichard Br The maximum stake available for a selection can be seen by clicking 'Bet Max' on your Bet Slip after making a selection. To request a larger bet, increase the Stake/To Win value and click 'Place Bet'. The amount by which this figure exceeds Bet Max will be referred to a Trader.david so what am i allowed to bet?Richard Br You can click on the bet max this will show you the largest amount allowed on any bet.Richard Br In order for me to discuss specific details on your account, could I take your four-digit security number please?david Following a review of your account, we regret to inform you that we are no longer able to offer you our telephone betting service and whilst our online service remains available to you, betting restrictions will be applied on any future bets placed. Should you wish to continue to use our services, the Sports offers and promotions available to you will be restricted to the following regular offers which remain open to all customers: 365 Best, 365 Tote, Best Fluctuation, Racing Value Offers; Bore Draw Money Back; 100% Soccer Multi Bet Bonus, 50% Footy Multi Bet Bonus, Extra Time Extra Chance, 50% Parlay Bonus and the 50% Euro Basketball Bonus. If you have any further queries, we may ask you to confirm your four-digit security number. If you are unable to recall your four-digit security number, go to Services in the top right corner of our website, click on Help, select FAQ - My Account and refer to What if I forget my four-digit security number. Our team are available 24 hours a day by Live Chat, via email support-eng@customerservices365.com, freephone 1800 200 365 or alternatively call +44 1782 684612 and we will be pleased to assist you. Please include your username and four digit security number on all future responses.david im only allowed to bet like $2david but a new Law Says You must take Bets for me to win $2000david i want to put money in account but before i do i want to know how much im allowed to betRichard Br Can I take you security number please then I can discuss your account David.Richard Br bet365 will monitor customers’ accounts on a regular basis, if we deem that the account is unprofitable irrespective of if the account is up or down then we may look to restrict the amount a customer is allowed.david Just because i won a Couple of Betsdavid You see me as not a Proffit?Richard Br The four-digit security number is a number that you selected when you opened your account and is usually a memorable number to yourself. We ask you to provide this before any action is taken on your account to ensure it is the account holder that we are corresponding with.david i think 1478Richard Br Thank you David, yes there is restrictions on your account.david But a new Law Says you must take Bets for me to win $2000 MAX on NSW RacingRichard Br I can assure you that this decision taken by our trading team is reflection of how we see the business that we have received and expect to receive from your account and has been taken under careful consideration. We have acted within the betting rules that you have agreed to when the account was opened. |
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didnt work well
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I'm sure you and I everyone else who has been restricted by them for winning will be taking them on come September 1 lloydy.
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September 1 should be an interesting day
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Come on Let's any praise for your old mate Pete for at least having a go to protect punters' rights.
Don't think a lot will be achieved but at least he has made the issue more public. |
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Yep eddie munster is having a go but It's in his best interest.Wagering players stop wagering it affects the whole Shabang.
The praise will have to wait till we see how they handle the first batch of 'minimum bet' complaints. Meanwhile the Wagering operators are in full swing working on contingency plans to 'avoid' having to play the game. 1.50 and shortening is the scenario we blocked/restricted/closed the account as we had information it's a bowler or fraudulent activity or laundered money or Integrity or Any of the 12 other standard replies that the phone operator has in front of them |
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The bookies might increase their margins to start with, and instead of prices going down by the normal increments once a marked punter has his max, they might drop the price more quickly, and not bother to knock anybody out to compensate. They may go SP only on many races and not bother pricing up mickey mouse races. There is the shadow of an industry SP, rather than using the on course books average. None of these are palatable to the serious punters, the recreational punters probably wouldnt even notice.
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Was it PVL's intention to help punters or hurt corporates.
Agree with consensus they will find a way to get round it. |
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Poudf
They will not change in any way what so ever as they will still not let anybody on sad but tru |
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Agree nickw-Can think of a few ways they could frustrate punters who seek to bet the limit---Like,say they need anyone who wants bigger bets to be set by phone-then they could say to protect themselves from "bowlers" ,your phone number can't be hidden-you might find your call takes a loooong time to be answered !-Internet betting started a whole new game in this Country-Where once it was appropriate to have State Legislation ,betting is now done on a National platform & would be best for it to have one set of National laws.A new singular betting authority would also encompass Sports betting so One single authority would oversee all Betting in Australia.Won't happen though-too many wanting to keep their own little empires-
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