25th June 2014, 06:06 AM
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Member
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Join Date: Oct 2005
Posts: 1,007
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Hi All,
Obviously we are watching the situation unfold, holding our breath (and turning blue). Part of my submission:
Closing of accounts:
One way to not take any bets from a winning punter is to close his account; this circumvents the whole process. Unless fraudulent behavior is detected bets should be accepted and accounts should not be permitted to be closed.
Fixed prices / products on offer differ between clients:
Another way to circumvent the intent of this legislation would be to offer substandard odds or products. In this case the punter would not make the bet. One version of a product / odds should be available to all clients as advertised on the bookmakers website without being logged in (and discriminated against based on punters winning performance).
Our industry is one where people aspire to become winning punters, people do not come to the races with the intent to loose. The current practice of risk management by bookies where they eliminate winning punters fosters the decline of interest from existing and new clients to our industry.
To which the reply was short but very promising:
Dear Michal,
Thank you for your submission. The new Condition does include a clause to curb closure of accounts and restriction on clients’ accounts
Yours Sincerely,
Clare Wilson
Race Fields and Wagering Supervisor
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Michal - Ratings2Win Pty Ltd
R2W Axis - Axis is Australia's leading horse racing software and database;
with sophisticated form analysis tools and accurate horse performance ratings for TAB meetings.
http://www.ratings2win.com.au/
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