Account closures and restrictions are angering racing punters but there is an answer
The minimum bet rule model is there in Australia for all to see and the Gambling Commission should act now
Racing enjoyed its biggest win for many years in last month’s budget. The threatened harmonisation of duty rates for betting and gaming was not simply seen off, but routed, with the differential between the two rates significantly increased. As an added bonus, meanwhile, racing was excluded from the small rise in the duty rate for bets on football and other sporting events.
Having celebrated the win, though, the next step is to ensure that the benefits are maximised. And since, in relative terms, racing has just become a more attractive product for bookmakers, what better moment could there be to address one of the major obstacles that many punters face when they want to bet on the horses? Continue reading...
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