garyf, nah sorry to disappoint but end result the same!!!!

New rule good news for punters
 

SYDNEY Jun 12 2014



Wagering operators will be required to accept bets from all customers under a new condition agreed upon by the Racing NSW board.

The initiative has come in response to complaints from punters, usually successful ones, that they are being frozen out of the wagering market.

Peter V'Landys, chief executive of Racing NSW, said his organisation consulted with wagering operators before introducing the condition, which will require bookmakers to stand to lose a minimum amount on any single fixed odds bet on a thoroughbred race in NSW.

"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," V'Landys said.

"Racing NSW believes there is a current imbalance in favour of wagering operators at the expense of punters and this needed to be rectified."


- AAP

Is this for real?

From Sky Racing website.

Love to know how the NSW Racing Board are going to enforce this rule.

Are they saying bookmakers have to accept all fixed odds wagers (to a certain liability) across every meet they offer to all customers no matter where they live in Aus?

If this is real it's big news...

To answer my own question.

"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.

So only races that take place in NSW? i.e. international races or those in QLD they don't have to accept your bet?

Can't wait to find out more about this.

I sent Racing NSW an email:


"Hi there,

I was wanting to try and get some information on a Sky Racing article I just read. It was with regard to a new ruling about Bookmakers needing to accept fixed odds racing bets from all customers. Can you please give me more information on this?

A few questions I have are:

1) Will this be enforced to every bookmaker operating in Australia?

2) What will the liability be they are required to take each customer on to?

3) Will the rule apply to all races offered by a bookmaker, or only races held within NSW?

4) When will the rule be enforced?

5) Will this rule apply to all Australian residents or only NSW residents?


I ask because I am currently limited or completely barred from fixed odds bets (e.g. from TAB Vic) because I happened to win a few in a row.

Look forward to hearing back from you.

Regards,

Pat."

http://www.racingnsw.com.au/default...isplay&id=15874

Thursday, 12 June 2014

Racing NSW Board Acts To Give Punters A Fair Go
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.”

yay providing the minimum bet size is at least $1000 liability.

Looking forward to finding out exactly what this means for us. Will post here if i get a reply from them.

PR stunt with a $50 limit?

We know what Vlandy think of punters (that they are basically imbeciles with a little spare cash) so I will wait for the fine print before breaking out the party hats.

It is NSW only.
The stand to lose on a fixed win bet will be around 3k
The stand to lose on a fixed place bet will be around 1700.

To take effect from July 1. These figures were just released as approximates only.

So this only applies to bookmakers with a NSW license. Any with a northern territory license can do what they want still.

So them which bookmakers have a nsw license?

From what I read it was any bookmaker who uses NSW fields. And it will apply to only NSW races.

But any and all bookies if they want to take bets on NSW races.

Hi there,

My account ID is: --------


This is a courtesy email to let you know NSW racing has now made a ruling that all bookmakers must accept fixed odds bets from all customers, winning or not, on NSW thoroughbred races.

I am recently banned from fixed odds - please advise me once this has been lifted. If you would like to refer to this ruling, please see the official ruling below:

http://www.racingnsw.com.au/default...isplay&id=15874


I look forward to hearing back from you.

Kind regards,

Patrick.


LUXBET:

Hi Patrick,

As outlined in this article, the minimum bet condition will be implemented following extensive consultation with wagering operators.

Please be advised that Luxbet are licenced under a Northern Territory wagering licence and not NSW.

The existing restrictions on your account stand as they are and no changes will be made at this time.

Regards,

Erika Mortensen
Customer Service Team Leader

If we could only get the NT government to grow some cohunas then things might start looking up.

Pat I doubt they are going to lift any restrictions yet.

The way I understand it, is that all bookies will need to accept a minimum liability on NSW races including fixed odds otherwise they won't be able to offer NSW races anymore. Also one of the articles states it won't apply in July 1, but i'd guess more will come out between now and then.

A step in the right direction at least.

Yeah, I'm just giving them a nice little warning. Even if the restrictions are lifted I probably won't end up using them and any others that have restricted me. Got enough bookies atm that employ ethical business practices without the need to be forced to.

Hit the unethical ones as hard as you can (I will be). Eventually they will have to stop offering NSW fields or learn how to be a good bookmaker.

Actually they probably will offer terrible odds on NSW as a consequence and not take many bets on it.

They'll probably just apply a filter to previously limited customers whereby they knock back the bet and drop the odds.

I'd say that is precisely what they will do.
Any winning client can have as much as they want on at half the odds others offer.
A new and improved business model :(
This is exactly why some of Australia's largest punters employ runners on track to place the bets and rotate them regularly.

Ladbrokes taking action:

Hi Patrick,

Re: Your Account - Ladbrokes.com.au
Unfortunately we wish to advise that as part of an account review, all accounts held under the Ladbrokes Digital Group have been closed due to commercial reasons.

We appreciate your understanding in this matter.

Pat are you aware of the withdrawal fees and turnover limitations of Pinnacle?
I.E. rollover of deposit before ANOTHER charge is imposed as well as the withdrawal fee?

From Pinnaclebet:


"Withdrawals
Withdrawals can be made by direct bank transfer. There is no charge on withdrawals. Requests are processed every Tuesday and Friday if all identification requirements have en fulfilled and the request is made before 2.00pm AEDT on a standard business day. (Note: Some banks and credit societies may take over 48 hours to clear the funds to your account)."

Please note that any deposit made to an account which is not rolled over (risked) five times will incur a 3% processing fee and any applicable withdrawal fee.

This includes depositing and losing and then redepositing and losing and then depositing and having a win. Under those circumstances, client would have to turnover a massive amount or incur an additional 3% fee on the total amount of the deposits.

There is more information about this very situation on the SBR forum.

I don't withdraw much so shouldn't bother me.

Winners & Losers


Meetings will be held this week to eliminate flea bookmaking on fixed odds to enhance Racing NSW's efforts to get punters a better deal.
Negotiations regarding a minimum-to-lose amount of $3000 on the metropolitan races, $1500 on provincials and $1000 on country races is a starting point.
Because the bets are recorded, complaints can be investigated and the appropriate action taken.
Of course, on the old scale, certainly with city racing, they are paltry amounts but the bad habits introduced to Australian betting by the corporates sour many on horse playing.
Advertisement
"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," Racing NSW chief executive Peter V'landys justifiably pontificated.

Thus V’Landys intends to apply Race Fields Information Use approvals so “wagering operators are required to stand to lose a minimum amount on any single fixed odds wager on NSW thoroughbred races”.

Punters and bookmakers at the meeting will be consulted on the best way to get a fair go; the move received a mixed reception from the Racenet forum.

“Positive step and sounds good on face value. Two points before we start getting too excited,” the Protagonist stressed. ”It means nothing if they continue to close accounts, and let's see how it affects the odds on offer ...

“It’s probably not possible but a Betfair exchange wholly owned by all Australian race clubs (with minimal take-outs) could kill off all these international corporates that have to pay a levy.”
Back in the early days of Betfair, before the invaders got a toehold on the market, former trainer Geoff Chapman made the same suggestion. Consider how much richer racing would now be if it had been adopted.


Read more: http://www.smh.com.au/sport/horsera...l#ixzz34ieh8Q7y

I have pushed the idea of a local exchange a few times, but fear it is way to progressive for the racing industry who are basically still stuck in some time warp circa 1950's.

My only hope is that Packer & Co have the vision to negotiate heavily with various racing bodies to have their racing field fees applied fairly & correctly to the BF model which will enable the exchange to thrive & substantially benefit the industry as a whole in doing so with the added benefit of the para site hanger on corps suffering as a result.

Reply:

Patrick, my name is Terry Griffin and I am the betting steward at Racingnsw and the inspectors have forwarded your email to me. I will attempt to provide some answers but let me make it clear that the details are still being worked out.

1) it will apply to all bookmakers who hold an approval via NSW Racefields legislation to bet on NSW racing. Basically all bookies who bet on NSW racing.

2) This is still being decided, however our current internet limits are $3000 for metro races, $1500 provincial races and $1000 for country races so this maybe a guide.

3) Only races in NSW

4) I am unsure what you are asking here but it is hoped to be cemented and in place by July 1 2014.

5) All Australian residents.



Hoping this assists and please stay tuned to our website in the next week or so to view the final details of this important iniative.
Yours Sincerely,

Terry Griffin

Sounds good.

I await with baited breath for VIC & QLD to follow suit...

Discussion I heard on radio this morning from Dr Turf was that the limits should be set around $500-$800, or else the corps will just kick up a stink & close all accounts betting above that & winning.

Well Doc in case you happen to visit here, they already do that & for much less, so what will change?

If they do stick to those limits, it does seem like a strategic move to get rid of the corps, at least out of NSW racing.

Ladbrokes have already closed my account in wake of this news. The others will too if they can legally do it.

https://soundcloud.com/rsn-racing/r...essional-punter

Richard Irvine @riracing · 1h
Things are looking very positive for punters. Looks strongly like NSW will become the first state with a fair marketplace for punters.

But what stops them from just closing accounts or offering much lower odds to successful punters?

Nothing currently. Ladbrokes already did it to me the other day when they got wind of the notion.

and they will say whats to stop you opening 10 accounts in friends names and using them and getting around the turn over limits.

its interesting regarding different prices to different customers - i think that may be against the trade practises act

IP addresses and browser settings.

A pro-punting mate of mine has used this for a long time.

It's not free.

There is a 14 day trial if you want.


https://anonymizer.com/anonymizer_universal.html

Cheers.
Garyf.