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

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.