View Single Post
  #23  
Old 12th March 2012, 07:26 PM
garyf garyf is offline
Banned
 
Join Date: Oct 2011
Posts: 359
Talking

SCHEDULE 1 – BETTING LIMITS –BOOKMAKERS
An authorised electronic betting bookmaker or authorised telephone bookmaker
that accepts a bet is obliged to lay the odds displayed if demanded by the
backer, except that the bookmaker is not compelled to lose on any one bet, when
the bet is accepted via the telephone at approved betting premises or
electronically (wherever located), more than:
a) Where Bookmakers total annual Net turnover exceeds $3 million
Bets on a Metropolitan Meeting -
Win only bet the sum of $3,000;
Each way bet the sum in total of $3,000;
Win and Place bet the sum in total of $3,000;
Place only bet the sum of $1,200.
Bets on a Non Metropolitan Meeting or a Non Thoroughbred Meeting-
Win only bet the sum of $1,500;
Each way bet the sum in total of $1,500;
Win and Place bet the sum in total of $1,500;
Place only bet the sum of $ 600.
b) Where Bookmakers total annual Net turnover is less than $3 million
Bets on a Metropolitan Meeting -
Win only bet the sum of $1,500;
Each way bet the sum in total of $1,500;
Win and Place bet the sum in total of $1,500;
Place only bet the sum of $ 600.
Bets on a Non Metropolitan Meeting or a Non Thoroughbred Meeting-
Win only bet the sum of $1,000;
Each way bet the sum in total of $1,000;
Win and Place bet the sum in total of $1,000;
Place only bet the sum of $ 400.
The bookmaker must publish the Minimum bet limits to which they are bound.
c) When the backer claims the bookmaker for a win and place bet which is
greater than the limits prescribed by this rule, the bookmaker must bet
the backer the proportional equivalent of an each-way wager.
d) Once an official price fluctuation or bookmaker’s own price fluctuation has
changed the bookmaker is not compelled to accept any bet or alternatively
is not compelled to bet the minimum limits prescribed at the pre-changed

When i was going to the tracks around Victoria it used to be $5,000 grand for rails bookmakers $3,000 grand for off the rails.

Obviously the rules have changed based on turnover now.

Cheers.
Reply With Quote