Always back the horse named self-interest, son. It'll be the only one trying
Betmakers have announced a provisional loss of $7.8 million for the year, and tried to sell it as a win. Some win. The loss would have been closer to $20 million if the company hadn’t sacked 20% of its staff. The market weren’t fooled by the shiny bells and whistles. Betmaker share price dropped by […]
Bookmaker at Longreach yesterday Peter Anderson looks for all the world in the photo like a man who has just run over his own dog, and backed up and squashed his wife’s cat flatter than a pancake too. Anderson’s long face almost makes you feel so sorry for him that you want to walk up […]
Racing Victoria is the regulator that licenses bookmakers in the State, and the body responsible for setting and enforcing compliance with the Bookmakers Telephone Betting Rules. That creates a bit of an issue for RV, because it now knows that David McLauchlan has broken the rules, and a simple check of their own stored betting […]
Racing Victoria changed the Bookmakers Telephone Betting Rules on the 14th of September 2023, and from that date on the new rules apply. The changes made by Racing Victoria removed the requirement for a bookmaker to get a signed Client Authorisation Form from every punter that they took bets from over the phone. “Phew” you […]
Layoff McLauchlan gets the cash ready to give back to the punters The mail out of Melbourne is that a great many Victorian bookmakers are deeply concerned about the implications of the Supreme Court of Appeal’s judgement in the matter of McLauchlan v Ng, and what it might mean for them. As we wrote earlier […]
Have you ever placed a bet over the phone with a licensed Victorian on-course bookie? Yes? If so, have you ever completed and signed a Client Authorisation Form? No? Then guess what? You can get all money you lost on these phone bets back. Read on to find out how. If you’re not already a […]
Victorian bookmaker David McLauchlan’s failed Supreme Court action against punter Allan Ng has far-reaching consequences for his colleagues across the State. McLaughlan had sued Ng for $150 000 that the punter had lost to him placing bets over the phone on the Murray Cod, and then refused to pay. Ng said the bets were unlawful […]
Telephone betting with licensed on-course bookmakers in Victorian is permitted in accordance with the conditions set by the Racing Minister contained in a Ministerial Approval that has been issued under Section 4 of the Racing Act, and only under those terms. The Ministerial Approval permitting telephone betting, and detailing the requirements that must be met […]
The Supreme Court of Appeal is the highest court in Victoria. Decisions made by it establish the judicial interpretation of the law by becoming precedents that are required to be followed by all other courts in the State. The decision in the case of David McLauchlan v Allan Ng has laid down the law. Any […]
This may not be the reason it is happening, but back when my mate was the harness racing bookmaker at the NZ TAB he told me a story about how the gallops guys at the TAB used to copy and past the Bet 365 odds (they were the first ones up back then), and how […]
