Racing Queensland will introduce a Minimum Bet Limit (MBL) for off course wagering operators from January 1, 2018 following a decision earlier this year informed by consultation with key stakeholders.
The MBL in Queensland will apply to thoroughbred racing from 9am (AEST) on race days for meetings commencing before 5.30pm, and 2pm (AEST) on race days for meetings that begin after 5.30pm.
The MBL will allow punters to win up to $2000 on any one metropolitan win bet ($800 any one place bet) and $1000 on any one non-metropolitan win bet ($400 any one place bet) for wagering operators with a turnover in excess of $5m on Queensland Thoroughbred races in the previous financial year.
For authorised wagering operators with a turnover of less than $5m on Queensland Thoroughbred races in the previous financial year, the minimum bet limit is $1000 in any one metropolitan or non-metropolitan win bet ($400 any one place bet in both metropolitan or non-metropolitan races).
An authorised wagering operator must not do any act, or refuse to do any act, to avoid complying with the bet limits (unless an exclusion applies), including but not limited to:
1. closing a person's account;
2. refusing to open a person's account;
3. placing any restrictions on a person's account in relation to betting on Thoroughbred Races;
4. refusing to lay a Relevant Fixed Odds Bet to any person when those fixed odds are Publicly Displayed; or
5. laying lesser odds on a Relevant Fixed Odds Bet to a person than those Publicly Displayed.
Full details of the MBL, including how to lodge a complaint against a wagering operator not complying with the MBL can be found at: http://www.racingqueensland.com.au/Corporate/Wagering-Licencing/minimum-bet-limits