News

Racing NSW To Take On Corporate Bookies

Posted on June 16th, 2014 by Red Belly Sports

Some welcome relief could be at hand for successful punters, with Racing NSW is set to begin the task of forcing wagering operators to accept bets from all customers, with fixed minimum-to-lose amounts.

 

Racing NSW chief executive Peter V’Landys plans to use the ‘Race Fields’ legislation to ensure “wagering operators are required to stand to lose a minimum amount on any single fixed odds wager on NSW thoroughbred races”.

 

Negotiations with the corporates will begin this week, with the expected starting point to be a minimum-to-lose amount of $3000 for metropolitan races, $1500 on provincial races, and $1000 on country races.

 

These mooted starting points are small, but Red Belly sees any action taken to stop customers being blocked or severely restricted as a step in the right direction.

 

“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 believes there is a current imbalance in favour of wagering operators at the expense of punters and this needed to be rectified,” said V’Landys.

 

V’Landys says he’s determined to ensure a better deal for all punters, and is ‘’extremely confident’’ every state will follow the lead of Racing NSW.