Horse Racing News is the source of thoroughbred racing information with horse racing odds, betting tips, racing picks, race results, and handicapping. Latest news and articles on top horse racing contenders, jockeys, trainers, three-year-olds, race tracks, and major stakes races such as the Triple Crown races: the Kentucky Derby, Preakness and Belmont Stakes as well as the Breeders' Cup horse races.Victorian bookmakers again be able to offer punters
Posted on Friday, June 16th, 2006
Victorian bookmakers will again be able to offer tote odds services, possibly from as early as this weekend. Allowing Victorian to be competitive with interstate corporate bookmakers.
Racing Victoria (RV) reversed its position on the issue after revisiting its race fields legislation when CEO Robert Nason left to take a position with Tabcorp. Nason and the RV stewards’ department were behind the move to stop bookies from offering the services, citing integrity concerns over pools being manipulated by bookmakers or punters.
RV chief steward Des Gleeson said "As soon as that is fixed, bookmakers will be able to bet tote odds and that could be as early as June 1." adding "While there are risks with the manipulation of the pools, as has happened at a dog and trot meeting, we believe the size of pools in Victoria can be managed and mitigated."
certain risk management strategies would be worked through with the Victorian Bookmakers Association, and following that, bookmakers will be able to offer tote odds.
"Victorian bookmakers again be able to offer punters" was posted on Friday, June 16th, 2006 at 2:10 pm and is filed under Australia Horse Racing, Horse Racing Industry. You can follow any responses to this entry through the RSS 2.0 feed. Leave a response, or trackback from your own site.
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