Betting Limits
Metropolitan Victorian Thoroughbred:
In any one Win, Win/Place or Each-way bet: to loseR$2000
In any one Place bet: to loseR$800 Non-metropolitan 😊 Victorian Thoroughbred:
In any one Win, Win/Place or Each-way bet: to loseR$1000
In any one Place bet: to loseR$400 An approved WSP 😊 must not do any act or refuse to do any act to avoid complying with the bet limits, including but 😊 not limited to:
Refusing to accept a fixed odds bet Closing a person’s account Refusing to open a person’s account Placing 😊 any restrictions on a person’s account in relation to Victorian thoroughbred racing product Refusing to lay fixed odds to any 😊 person when those fixed odds are publicly displayed Laying lesser odds to a person than those publicly displayed Any other 😊 act or refusal to do an act in order to avoid these provisions Approved WSPs will be required to accept 😊 a fixed odds bet at odds which are publicly displayed by the approved WSP for any Victorian thoroughbred race to 😊 the maximum amount specified as follows:An approved WSP must not do any act or refuse to do any act to 😊 avoid complying with the bet limits, including but not limited to:
Exclusions
1. The customer is not domiciled in Australia
2. The bet 😊 is a betting transaction on a betting exchange
3. The customer has not provided the approved WSP with sufficient funds to 😊 pay for the bet
4. The bet forms part of a multi bet
5. The bet is a retail betting transaction
6. An 😊 approved WSP reasonably suspects the customer placing the bet is not the beneficial owner of the bet or the account 😊 is being used in violation of the WSPs account terms and conditions, where the suspicion can be reasonably validated by 😊 the WSP through public records, IP address tracking, unique device tracking, etc.
7. The person is acting as agent or nominee 😊 for a third party and the person placing the bet will not be beneficially entitled to the whole of the 😊 proceeds of the Relevant Fixed Odds Bet with the Approved WSP
8. The person is on a relevant gambling self-exclusion register
9. 😊 The customer has not yet met the required account identification and verification processes and thus the approved WSP cannot meet 😊 their obligations under The Anti-Money Laundering and Counter-Terrorism Finance Act 2006 (Cth) or any responsible gambling legislation.
10. An approved WSP 😊 has previously closed the customer’s account because:
i. the customer engaged in activity which breached a material condition of the agreement 😊 with the WSP, unless the dominant purpose of such condition was to allow the WSP to avoid complying with the 😊 MBL conditions; or
ii. there were other reasons that in the WSPs assessment, acting reasonably, raised material integrity concerns.
11. The customer 😊 has been warned off or disqualified, engaged in fraudulent activity or there are other reasons that in RV’s assessment, acting 😊 reasonably, raises material integrity concerns
12. The WSPs own price fluctuation has changed
13. An approved WSP has already accepted a bet(s) 😊 from an eligible customer to the aggregate amount of the MBL
14. The customer placing the bet is, or is associated 😊 with, an employee of a licensed Australian WSP and there is a reasonably held belief that the bet is based 😊 on betting information (including but not limited to betting trends and bets placed with that licensed Australian WSP) that is 😊 not publicly available
15. The customer has been restricted to betting via a specified platform (e.g. telephone) arising from reasonably held 😊 concerns by the WSP as to robotic or systematic use via other platforms/channels
16. The bet is contrary to the Australian 😊 Rules of Racing and the Victorian Local Rules and Betting Rules and/or relevant laws
17. The situation where there are systematic 😊 multiple identical (or similar) bets from related/connected parties or from the same IP address
18. Where a customer is betting from, 😊 or a bet is received from, a proxy server
19. The bet was a promotional bet such as a bonus bet 😊 or free bet, where the customer has not provided payment for the stake
20. RV publishes other exclusions or changes to 😊 the MBL framework on its website which will be amended as required
21. Unauthorised scraping of a WSP’s website An approved 😊 WSP will not be required to comply with the MBL obligations if:1. The customer is not domiciled in Australia2. The 😊 bet is a betting transaction on a betting exchange3. The customer has not provided the approved WSP with sufficient funds 😊 to pay for the bet4. The bet forms part of a multi bet5. The bet is a retail betting transaction6. 😊 An approved WSP reasonably suspects the customer placing the bet is not the beneficial owner of the bet or the 😊 account is being used in violation of the WSPs account terms and conditions, where the suspicion can be reasonably validated 😊 by the WSP through public records, IP address tracking, unique device tracking, etc.7. The person is acting as agent or 😊 nominee for a third party and the person placing the bet will not be beneficially entitled to the whole of 😊 the proceeds of the Relevant Fixed Odds Bet with the Approved WSP8. The person is on a relevant gambling self-exclusion 😊 register9. The customer has not yet met the required account identification and verification processes and thus the approved WSP cannot 😊 meet their obligations under The Anti-Money Laundering and Counter-Terrorism Finance Act 2006 (Cth) or any responsible gambling legislation.10. An approved 😊 WSP has previously closed the customer’s account because:i. the customer engaged in activity which breached a material condition of the 😊 agreement with the WSP, unless the dominant purpose of such condition was to allow the WSP to avoid complying with 😊 the MBL conditions; orii. there were other reasons that in the WSPs assessment, acting reasonably, raised material integrity concerns.11. The 😊 customer has been warned off or disqualified, engaged in fraudulent activity or there are other reasons that in RV’s assessment, 😊 acting reasonably, raises material integrity concerns12. The WSPs own price fluctuation has changed13. An approved WSP has already accepted a 😊 bet(s) from an eligible customer to the aggregate amount of the MBL14. The customer placing the bet is, or is 😊 associated with, an employee of a licensed Australian WSP and there is a reasonably held belief that the bet is 😊 based on betting information (including but not limited to betting trends and bets placed with that licensed Australian WSP) that 😊 is not publicly available15. The customer has been restricted to betting via a specified platform (e.g. telephone) arising from reasonably 😊 held concerns by the WSP as to robotic or systematic use via other platforms/channels16. The bet is contrary to the 😊 Australian Rules of Racing and the Victorian Local Rules and Betting Rules and/or relevant laws17. The situation where there are 😊 systematic multiple identical (or similar) bets from related/connected parties or from the same IP address18. Where a customer is betting 😊 from, or a bet is received from, a proxy server19. The bet was a promotional bet such as a bonus 😊 bet or free bet, where the customer has not provided payment for the stake20. RV publishes other exclusions or changes 😊 to the MBL framework on its website which will be amended as required21. Unauthorised scraping of a WSP’s website
When do 😊 the Minimum Bet Limit conditions commence? The conditions commence on 1 October 2024.
Who must comply with the conditions?
A list of 😊 approved wagering operators is available here. Note that the minimum bet limit conditions do not apply to interstate on-course bookmakers 😊 that operate on Victorian thoroughbred racing. The conditions applicable to Victorian licensed on-course bookmakers are available here. All approved off-course 😊 Australian wagering operators who are approved to use Victorian thoroughbred race field information (excluding Victorian on-course bookmakers).A list of approved 😊 wagering operators is available. Note that the minimum bet limit conditions do not apply to interstate on-course bookmakers that operate 😊 on Victorian thoroughbred racing. The conditions applicable to Victorian licensed on-course bookmakers are available
Do the conditions apply to races held 😊 in Victoria only?
Racing NSW has similar conditions which apply to fixed odds bets on NSW thoroughbred races. Yes. The conditions 😊 apply to fixed odds bets on Victorian thoroughbred races. This will include telephone and internet bets placed on Victorian thoroughbred 😊 races, but exclude bets placed in a retail outlet.Racing NSW has similar conditions which apply to fixed odds bets on 😊 NSW thoroughbred races.
What are the betting limits imposed under the conditions? here. Approved Australian off-course wagering operators are required to 😊 lay the odds displayed for fixed odds bets to the limits below:
Race Type Bet (Win, Win/Place or Each Way) Bet 😊 (Place Only) Metropolitan Victorian Thoroughbred racesR$2,000R$800 Non-metropolitan Victorian Thoroughbred racesR$1,000R$400 The MBL conditions are included under the RV Race Fields 😊 Policy and are available on the Racing Victoria website. Approved Australian off-course wagering operators are required to lay the odds 😊 displayed for fixed odds bets to the limits below:
Why does the Minimum Bet Limit not apply to Victorian on-course bookmakers?
Note 😊 that the minimum bet limit conditions do not apply to interstate on-course bookmakers that operate on Victorian thoroughbred racing. Victorian 😊 licensed on-course bookmakers already have minimum bet limit requirements, outlined in the Rules of Race Betting on the Racing Victoria 😊 website. From time to time these requirements may be amended.Note that the minimum bet limit conditions do not apply to 😊 interstate on-course bookmakers that operate on Victorian thoroughbred racing.
Why doesn't the minimum bet limit apply if my bet is with 😊 an unlicensed wagering operator? Customers who choose to bet with an unlicensed wagering operator expose themselves to many risks as 😊 these operators are not bound by Consumer Protection laws. The minimum bet limit policy only applies to transactions with licensed 😊 wagering operators approved to use Victorian thoroughbred race field information outlined in question 2.
Do the conditions apply to multi bets? 😊 No. The calculation of multi-bets, where some of the legs are not related to fixed odds bets on Victorian thoroughbred 😊 product could be complex. For this reason, multi-bets have been excluded.
How many bets is a wagering operator obliged to accept 😊 to the limit from a punter? Wagering operators are only required to bet to the limit once per horse for 😊 each customer for each race. This could be one fixed odds bet to the limit or a number of fixed 😊 odds bets which together add up to the limit.No. The calculation of multi-bets, where some of the legs are not 😊 related to fixed odds bets on Victorian thoroughbred product could be complex. For this reason, multi-bets have been excluded.
Can i 😊 attempt to bet more than the limit? Yes. An operator is obliged to accept a bet up to the minimum 😊 bet limit amount (subject to the exclusions), however, they may be prepared to accept more than the minimum bet limit.
What 😊 price does a wagering operator have to bet each punter? All punters are entitled to the price publicly displayed in 😊 the wagering operator’s latest betting market on their website or app. The only time a changed price can be offered 😊 after a punter places a bet is if the official Victorian Official Price (VOP) had just changed or another bet 😊 has been layed at the original price and the wagering operator is adjusting the price, which will flow through to 😊 their website or app. Time log records can be checked to confirm this process.
What type of bets do the conditions 😊 apply to? The conditions only apply to fixed odds Win, Win & Place, Each Way or Place bets on Victorian 😊 thoroughbred races. They do not apply in respect of bets placed as part of a betting exchange. They also do 😊 not apply to free bets or bonus bets, derivative bets such as best tote or exotic bets such as quinellas 😊 and trifectas. Bets which do not have a determined return at the time of placing a bet (e.g. Top Fluc 😊 or SP) are also excluded.
Can a wagering operator close an account, refuse to open an account or place limitations on 😊 an account to avoid accepting a fixed odds bet to the limit?
However, wagering operators are still able to take such 😊 actions for legitimate reasons including bowlers (persons betting on behalf of other persons), responsible gambling practices, fraudulent activity, money-laundering and 😊 other integrity-related reasons such as the punter being warned off or disqualified or where Racing Victoria is satisfied that the 😊 reason the Approval Holder has not complied properly falls within the Racing Victoria list entitled “Further reasons where an Approval 😊 Holder is not required to comply with clauses 12.1.1 and 12.2.1” as published on its website and amended from time 😊 to time. No. Wagering operators are not to take actions such as closing a punter’s account, 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 bowlers (persons betting on behalf of other persons), 😊 responsible gambling practices, fraudulent activity, money-laundering and other integrity-related reasons such as the punter being warned off or disqualified or 😊 where Racing Victoria is satisfied that the reason the Approval Holder has not complied properly falls within the Racing Victoria 😊 list entitled “Further reasons where an Approval Holder is not required to comply with clauses 12.1.1 and 12.2.1” as published 😊 on its website and amended from time to time.
Do the conditions apply to pre-post betting? No. The minimum bet limit 😊 conditions apply to fixed odds bets placed after Final Acceptances Deadline.
Do the conditions apply to bets in a retail outlet? 😊 No. At this stage, the minimum bet limits will not apply to bets placed in retail outlets (regardless of whether 😊 cash or account betting), including interstate and Victorian TAB agencies, hotels, clubs and pubs, primarily due to the difficulties associated 😊 with determining whether a bet in a retail outlet is a bowler bet placed on behalf of another person.
Is the 😊 wagering operator obliged to extend credit to a punter to make a bet to the limit? No. If the punter 😊 does not have sufficient funds to pay for the bet, the wagering operator is not obliged to accept the bet.
What 😊 should a punter do if they have a complaint?
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 here.
Complaints will 😊 only be accepted and investigated following submission of a fully completed complaints form. Rude, abusive or offensive submissions will be 😊 disregarded.
A summary of the formal complaints process can be found here. 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 websiteComplaints will 😊 only be accepted and investigated following submission of a fully completed complaints form. Rude, abusive or offensive submissions will be 😊 disregarded.A summary of the formal complaints process can be found
