Prescribed conditions for thoroughbred races: section 27F(1)
105B Prescribed conditions for thoroughbred races: section 27F(1)
In this regulation —
combined win/place bet means a bet comprising 2 unequal amounts, 1 amount being for a win and 1 amount being for a place and both amounts being bet on the same runner at the same time, at stated odds for a win and place;
place component means the component of a combined win/place bet or an each way bet in which the person placing the bet selects a runner to achieve a place in a particular race;
type 1 thoroughbred race means a thoroughbred race conducted by The Western Australian Turf Club;
type 2 thoroughbred race means a thoroughbred race conducted on a Saturday by any of the following, but only if a thoroughbred race is not conducted on that Saturday by The Western Australian Turf Club —
the Bunbury Turf Club Inc;
the Kalgoorlie‑Boulder Racing Club Incorporated;
the Northam Race Club;
the Pinjarra Race Club;
type 3 thoroughbred race means a thoroughbred race other than a type 1 thoroughbred race or a type 2 thoroughbred race.
For the purposes of section 27F(1) of the Act, the prescribed conditions that a domestic betting operator must comply with in relation to a thoroughbred race are —
set out in this regulation; and
subject to regulation 105C.
If in a racing year turnover of a domestic betting operator has not reached $3 000 000, the domestic betting operator must accept a fixed odds bet charged against a betting account if —
the bet is a win bet on a type of race described in column 1 of the Table; and
the amount the domestic betting operator may lose as a result of the bet does not exceed the amount set out in column 2 of the Table opposite that type of race.
Table
Column 1 Type of race | Column 2 Amount |
|---|---|
A type 1 thoroughbred race | $1 000 |
A type 2 thoroughbred race | $1 000 |
A type 3 thoroughbred race | $500 |
If in a racing year turnover of a domestic betting operator reaches $3 000 000, the domestic betting operator must comply with subregulations (5) to (8) for each fixed odds bet received during the racing year after turnover reaches $3 000 000.
The domestic betting operator must accept a fixed odds bet on a type 1 thoroughbred race or a type 2 thoroughbred race charged against a betting account if —
the bet is a win bet, combined win/place bet or each way bet; and
the amount the domestic betting operator may lose as a result of the bet does not exceed $2 000; and
if the bet has a place component — the amount the domestic betting operator may lose as a result of the place component does not exceed $800.
The domestic betting operator must accept a fixed odds bet on a type 1 thoroughbred race or a type 2 thoroughbred race charged against a betting account if —
the bet is a place bet; and
the amount the domestic betting operator may lose as a result of the bet does not exceed $800.
The domestic betting operator must accept a fixed odds bet on a type 3 thoroughbred race charged against a betting account if —
the bet is a win bet, combined win/place bet or each way bet; and
the amount the domestic betting operator may lose as a result of the bet does not exceed $1 000; and
if the bet has a place component — the amount the domestic betting operator may lose as a result of the place component does not exceed $400.
The domestic betting operator must accept a fixed odds bet on a type 3 thoroughbred race charged against a betting account if —
the bet is a place bet; and
the amount the domestic betting operator may lose as a result of the bet does not exceed $400.
[Regulation 105B inserted: SL 2021/193 r. 6.]
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