Operators must take all reasonable steps to ensure that bets placed online or over the phone are captured based on the physical location (geo-location) of the customer at the time of making the bet. Entities that directly take wagers and bets and also facilitate wagering and betting activity combine their revenue from each source to determine their total net wagering revenue. For entities that facilitate wagers and bets (i.e. operating a totalisator, a betting exchange or acting as an agent) — 10% of the commissions earned from facilitating the wagering and betting activity.
Bookmakers wishing to conduct race betting and approved events betting may apply to operate an approved betting premise that is not on a racecourse as described in Section 16A of the Betting and Racing Act 1998. Prior to commencement the premise must be approved by Racing NSW. Bookmakers wishing to conduct telephone betting may apply to Liquor & Gaming NSW for a bookmaker’s telephone betting authority. Bookmakers operate at race meetings, in approved auditoriums or betting premises during pre-determined hours.
Unless otherwise approved by RNSW, bookmakers licensed in the Metropolitan and Provincial areas must use an approved computer betting ledger system. Liquor & Gaming NSW will issue a document titled “NSW bookmaker computer betting ledger systems minimum requirements” to bookmakers on application. Bookmakers may then apply to Liquor & Gaming NSW and RNSW for approval for the use of their proposed computer system. The guarantee schedule for setting the minimum requirements is reviewed by RNSW from time to time, in consultation with the NSW Bookmakers Co-Operative Limited. The schedule is divided into regional operations in the first instance, and has an overriding mechanism to set guarantees according to a bookmaker's level of annual betting turnover.
Bad Bookie is licensed and regulated by the Victorian Commission for Gambling. Wannabet is licensed and regulated by the Queensland Racing Integrity Commission. VicBet is licensed and regulated by the Victorian Commission for Gambling. Swopstakes is licensed and regulated by the NT Racing Commission. Southern Cross Bet is licensed and regulated by Gaming NSW. Moriarty Racing is licensed and regulated by the Victorian Commission for Gambling.
NRL betting odds and markets are available with all Australian bookmakers. During the footy season, you will find hundreds of markets available for every single games with a huge amount of betting opportunities available on rugby league. Australia's best bookmakers for AFL price up games well in advance, and have futures markets on the AFL Grand Final winner, Brownlow Medal odds, Coleman Medal odds and much more available. A number of traditional on course bookmakers are making the move into the world of online wagering. The likes of RealBookie, TexBet and BetDeluxe are new faces offering an alternative way to bet online, while Dabble has brought something new to the party as a betting app and social community. With more than three decades in the business of betting, TopSport prides itself on giving all punters a fair go.
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There are also conditions of licence on the clerk’s licence application & renewal form. A full copy of the Rules of Racing of Racing NSW including Rules of Betting , and an application for licence form, are available on the RNSW website. Applicants are required to lodge a bookmaker company financial statement before attending an interview with the licensing supervisor and RNSW officials. The appropriate trading guarantees required for the company are determined on application by RNSW, and are subject to review.
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