Globe Derby
Minimum Bet Limits (Racing)
Minimum Bet Limits (Racing)
A number of Australian wagering control bodies prescribe 'Minimum Bet Limits' for the benefit of punters.
For events to which a 'Minimum Bet Limit' applies, VicBet are obliged to accept wagers in which a Customer's potential profit is below the specified threshold.
'Minimum Bet Limits' apply only to Fixed Odds bets. They do not apply to bets on 'Top Fluctuation', 'Best of the Best', 'Tote' or 'Tote-Derivative' products, racing exotics, or multi-leg bets.
The currently prescribed 'Minimum Bet Limits' (as at February 2022) are set out below:
Thoroughbred Racing
- Australian Capital TerritoryBlack Opal Day$2,000 (W)$800 (P)Provincial$1,000 (W)$400 (P)Applicable from 9:00am AEST/AEDT on the Day of the MeetingNew South WalesMetro$2,000 (W)$800 (P)Provincial$1,000 (W)$400 (P)Applicable from 9:00am on the Day of the Meeting (or 2:00pm for a Night Meeting)QueenslandMetro$1,000 (W)$400 (P)Provincial$1,000 (W)$400 (P)Applicable following declaration of final fieldsSouth AustraliaMetro$1,000 (W)$400 (P)Provincial$1,000 (W)$400 (P)Applicable from 9:00am SA Time on the Day of the Meeting (or 2:00pm SA Time for a Night Meeting)TasmaniaMetro$1,000 (W)$400 (P)Provincial$1,000 (W)$400 (P)Applicable from 9:00am AEST/AEDT Time on the Day of the Meeting (or 2:00pm AEST/AEDT for a meetings commencing at 5:00pm AEST/AEDT or later)VictoriaMetro$2,000 (W)$800 (P)Provincial$1,000 (W)$400 (P)Applicable following declaration of final fieldsWestern AustraliaMetro$1,000 (W)$400 (P)Provincial$500 (W)$200 (P)Applicable from 9:00am WA Time on the Day of the Meeting (or 2:00pm WA Time for a meetings commencing at 4:00pm WA Time or later)
Greyhound Racing
- Australian Capital TerritoryMetroNo MBL (W)No MBL (P)ProvincialNo MBL (W)No MBL (P)No Prescribed Minimum Bet LimitNew South WalesMetro$750 (W)$375 (P)Provincial$500 (W)$250 (P)Applicable from 2 hours prior to the first race on the card. Increased Win & Place MBL for Group 1 and nominated Feature Races of $3,000 (W) & $1,000 (P).QueenslandMetro$500 (W)$200 (P)Provincial$500 (W)$200 (P)Applicable following declaration of final fieldsSouth AustraliaAngle Park (Thu)$1,000 (W)$400 (P)Provincial$500 (W)$200 (P)Applicable from 2 hours prior to the first race on the card. Increased Win & Place MBL for designated Group 1 races of $2,000 (W) & $1,000 (P).TasmaniaMetroNo MBL (W)No MBL (P)ProvincialNo MBL (W)No MBL (P)No Prescribed Minimum Bet LimitVictoriaMetro$1,000 (W)$500 (P)Provincial$500 (W)$250 (P)Applicable from 2 hours prior to the first race on the card. Increased Win & Place MBL for designated Group 1 races of $2,000 (W) & $1,000 (P).Western AustraliaMetro$300(W)No MBL (P)Provincial$300 (W)No MBL (P)Applicable from 9:00am WA Time on the Day of the Meeting (or 2:00pm WA Time for a meetings commencing at 4:00pm WA Time or later)
Harness Racing
- Australian Capital TerritoryMetroNo MBL (W)No MBL (P)ProvincialNo MBL (W)No MBL (P)No Prescribed Minimum Bet LimitNew South WalesMetro$1,000 (W)$400 (P)Provincial$500 (W)$200 (P)Applicable from 10:00am AEST/AEDT on the Day of the Meeting. Increased Win & Place MBL for 'Platinum' Meetings of $2,000 (W) & $800 (P)QueenslandMetro$500 (W)$200 (P)Provincial$500 (W)$200 (P)Applicable following declaration of final fieldsSouth AustraliaMetroNo MBL (W)No MBL (P)ProvincialNo MBL (W)No MBL (P)No Prescribed Minimum Bet LimitTasmaniaMetroNo MBL (W)No MBL (P)ProvincialNo MBL (W)No MBL (P)No Prescribed Minimum Bet LimitVictoriaMetro$1,000 (W)$400 (P)Provincial$500 (W)$200 (P)Applicable from 10:00am AEST/AEDT on the Day of the Meeting. Increased Win & Place MBL for 'Group 1' Races of $2,000 (W) & $800 (P)Western AustraliaMetro$1,000 (W)No MBL (P)Provincial$500 (W)No MBL (P)Applicable from 9:00am WA Time on the Day of the Meeting (or 2:00pm WA Time for a meetings commencing at 4:00pm WA Time or later)