Racing NSW introduces agent betting ban
- Bob Brogan
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Racing NSW introduces agent betting ban
6 years 6 months ago
This would be great news if it happened in South Africa... Graft is huge
Racing NSW has announced a new rule that will see jockey agents banned from tipping and betting on races involving their clients.
The rule was initially proposed in April this year but was put one side until Monday, when the rule was officially announced ahead of its implementation in 2019.
Racing NSW will introduce a new local rule (LR71A) on March 1, 2019.
Any rider's agent who:
(a) bets, has an interest in a bet, or facilitates a bet; or
(b) provides either directly or indirectly to any person for any direct or indirect financial or other benefit (regardless of whether such benefit materialises) any tip, or any other information or advice that may influence any person to bet,
(a & b) on any NSW race in which a rider whom the rider's agent represents (in accordance with AR1) is engaged to ride, commits an offence and may be penalised. For the purposes of this rule, a bet includes a lay bet.
The new rule does allow a jockey manager to be exempt from the rule provided they 'seek written approval from Racing NSW'.
"To be exempt from the provisions LR71A, such application must be made in writing to Racing NSW prior to the commencement date," Racing NSW said in a letter to agents.
"Please note that unless written approval is obtained from Racing NSW then the provisions of the rule are effective 1 March 2019."
The ban has significant implications for a number of agents who work across media outlets providing tips or those with subscription-based tipping services.
WATCH: Marc Van Gestel joined Shane Anderson on After The Last to discuss the rule www.racing.com/news/2018-12-11/news-raci...-manager-betting-ban
Racing NSW has announced a new rule that will see jockey agents banned from tipping and betting on races involving their clients.
The rule was initially proposed in April this year but was put one side until Monday, when the rule was officially announced ahead of its implementation in 2019.
Racing NSW will introduce a new local rule (LR71A) on March 1, 2019.
Any rider's agent who:
(a) bets, has an interest in a bet, or facilitates a bet; or
(b) provides either directly or indirectly to any person for any direct or indirect financial or other benefit (regardless of whether such benefit materialises) any tip, or any other information or advice that may influence any person to bet,
(a & b) on any NSW race in which a rider whom the rider's agent represents (in accordance with AR1) is engaged to ride, commits an offence and may be penalised. For the purposes of this rule, a bet includes a lay bet.
The new rule does allow a jockey manager to be exempt from the rule provided they 'seek written approval from Racing NSW'.
"To be exempt from the provisions LR71A, such application must be made in writing to Racing NSW prior to the commencement date," Racing NSW said in a letter to agents.
"Please note that unless written approval is obtained from Racing NSW then the provisions of the rule are effective 1 March 2019."
The ban has significant implications for a number of agents who work across media outlets providing tips or those with subscription-based tipping services.
WATCH: Marc Van Gestel joined Shane Anderson on After The Last to discuss the rule www.racing.com/news/2018-12-11/news-raci...-manager-betting-ban
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- Bob Brogan
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Re: Racing NSW introduces agent betting ban
6 years 6 months ago
Wonder if selling tips for presents should also be banned?
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- Mac
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Re: Re:Racing NSW introduces agent betting ban
6 years 6 months ago
I’ve always thought that tipsters should be registered as financial services providers.
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- Tigershark
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Re: Re:Racing NSW introduces agent betting ban
6 years 6 months ago
Bob there is little response because as you know in South Africa, jockey's Agents do not punt or give "tips", Jockey's do not have punters and do not receive cash presents. All top jockey's have already completed a lifestyle audit so no reason to make any changes.
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- Mac
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Re: Re:Racing NSW introduces agent betting ban
6 years 6 months ago
Lester Piggot used to count all his cash presents on the return flights...
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- Tigershark
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Re: Re:Racing NSW introduces agent betting ban
6 years 6 months ago
Probably exactly right Mac but that doesn't happen in SA
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