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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

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