These are the Wagering Rules of VicBet Pty Ltd (ABN 50 757 906 976).
The provisions contained in these 'Wagering Rules' are subject to change. It is the responsibility of any person seeking to rely on these Wagering Rules to ensure that they are making reference to the most recent version of our Wagering Rules by visiting the VicBet Website. We will endeavour to promptly notify you of any material changes to these General Terms & Conditions.
For the avoidance of doubt, the General Terms & Conditions apply in relation to these Wagering Rules.
(A)The provisions contained in these "Wagering Rules" are subject to change without notice. It is the responsibility of any person seeking to rely on these Wagering Rules to ensure that they are making reference to the most recent version of our Wagering Rules by visiting the VicBet Website.
(B)Where they appear in these General Terms & Conditions, the following terms and expressions have the meaning attributed to them in this Clause:
(i)"Customer" means a registered holder of a VicBet Customer Account.
(ii)"Customer Credentials" means your VicBet User ID and Password.
(iii)"VicBet Platform" means, collectively, each of VicBet's wagering channels including the:
▪VicBet Website;
▪VicBet Mobile Site; and
▪VicBet Mobile App.
(iv)"VicBet Rules" means any rules from time to time propagated by VicBet in respect of the VicBet Platform and its use, and include:
▪The General Terms & Conditions; and
▪These VicBet Wagering Rules.
(v)"VicBet Website" means our wagering website located at www.vicbet.com.
(C)Any references to "you" or "your" in these General Terms & Conditions is a reference to a VicBet Customer.
(D)Any references to "we", "us" or "our" in these General Terms & Conditions is a reference to VicBet.
(E)By opening a VicBet Customer Account, you agree to be bound by the terms and conditions set out hereunder and the VicBet General Terms & Conditions.
(F)These 'Wagering Rules' shall be governed by, and construed in accordance with, the Laws of the State of Victoria. In the event of any dispute arising from or in connection with these Rules, VicBet and the Customer irrevocably submit to the exclusive jurisdiction of the courts of Victoria.
(G)You agree that it is your responsibility to pay any tax or duty imposed on you by any competent authority in connection with your wagering activity.
(A)Placement & Acceptance of Wagers
(i)All wagers placed with VicBet are taken to be placed and accepted in the State of Victoria notwithstanding the location of the Customer at the time of submitting a bet request.
(ii)In the event that VicBet elects to reject part of a requested bet, the Customer irrevocably consents to the submission and acceptance of the balance of said bet.
(iii)VicBet reserves the right to cancel, change or restrict the products or bet types at any time with or without notice to Members. VicBet reserves the right, in its sole discretion, to determine that a Member is not eligible for certain products, bet types or promotions (in part or full).
(iv)In the event a bet is placed after the commencement of a race we will cancel the wager and let you know by SMS and email as soon as possible.
(v)Event dates and start times as published by VicBet are indicative only. Except in the case of 'In-the-Run wagering', wagers will only be accepted on an event until the earlier of:
▪The advertised start time of the event;
▪The actual start time of the event; and
▪Any other time for the closure of betting as specified by VicBet.
(vi)VicBet reserves the right to cancel any bet that has been submitted after the commencement of the relevant event.
(B)Internet Betting
(i)Where a Customer has submitted a bet request via the Internet on any of our online wagering channels, said bet is taken to be accepted upon receipt of the confirmation (and accompanying 'Ticket Number') by the Customer.
(C)Modification and/or Cancellation of Bets
(i)VicBet may, at its sole and absolute discretion, agree to a Customer's request to modify, cancel or void a standing wager prior to the commencement of any event to which the relevant wager relates. If a Customer wishes to modify, cancel or void a standing wager, they should contact VicBet as soon as possible after the placement of the relevant bet.
(ii)For the avoidance of doubt, VicBet Management will not agree to the modification, cancellation or voiding of a standing wager after the commencement of any event to which the relevant wager relates.
(iii)If any Customer bets are voided pursuant to these Wagering Rules:
▪The amount of the voided bets shall be refunded to the Customer's Account; and
▪The payout in respect of any affected Multi-Leg Bets will be recalculated to take account of the voided leg or legs.
(iv)Customers are responsible for the security of their VicBet Customer Account, as well as for all of the activity connected to it or conducted within it. Any wagers submitted via the Internet will be deemed to have been validly submitted by the relevant Customer and, once accepted, may not be modified, cancelled or voided except at the sole and absolute discretion of VicBet Management
(D)Payout Limits
(i)The maximum amount that VicBet will be obliged to payout to a Customer on any single wager shall not exceed $10,000.00 unless this is discussed prior and has been agreed upon.
(ii)Notwithstanding the dividend declared by any Australian TAB, the maximum dividend that VicBet will be obliged to pay out in respect of any 'Tote' or 'Tote-Derivative' Win or Place bet shall not exceed $101.00.
(iii)In the case of any 'Tote' or 'Tote-Derivative' product (including, without limitation, Racing Exotics), VicBet reserves the right to limit the total payout to a Customer in respect of a successful wager to the total amount held in the relevant Victorian TAB pool.
(iv)VicBet may elect, at its sole and absolute discretion, to pay a Customer more than the Payout Limits prescribed in this Clause.
(A)Eligibility & Fair Use Policy
(i)VicBet Management reserves the right to, at any time and at its sole and absolute discretion, determine and/or revoke a Customer's eligibility to receive any VicBet Promotion or Promotional Product for any reason whatsoever. This includes (without limitation) where a Customer is deemed by VicBet (at its sole and absolute discretion):
▪To be abusing a VicBet Promotion or Promotional Product;
▪To be a non-recreational punter; or
▪To otherwise be in breach of any of the terms and conditions relating to Promotions and/or Promotional Products contained in the VicBet Wagering Rules.
▪Once you deposit your amount and are receiving the VRewards you will need to turnover in bets the amount deposited excluding bonus bets and VBoost bets before a withdrawal can take place.
(ii)Owing to the increased prevalence of syndicates taking unfair advantage of wagering promotions, VicBet Customers will not be eligible to receive the benefit of Promotions or Promotional Products until such time as VicBet Management has deemed - at its sole and absolute discretion - that the VicBet Customer's wagering activity is both genuinely recreational and legitimate (in the sense that the nominal VicBet Account Holder is in fact solely responsible for the opening, funding, use and control of their VicBet Customer Account).
(iii)Without limitation, the following shall constitute an abuse of a VicBet Promotion or Promotional Products by a Customer:
▪Allowing a third party direct or indirect access to the Member's VicBet Customer Account.
▪Where the Customer's total bets on promotional events or markets (either in terms of turnover or number of bets placed) equals or exceeds the Customer's total bets on non-promotional events or markets (excluding markets provided by third party providers such as playerbets). For the purposes of calculating turnover or the number of bets on non-promotional events and markets, only bets placed at a dividend of $1.80 or higher will be taken into consideration.
▪Where, in the reasonable opinion of VicBet, a Customer is creating multiple Customer Accounts, or otherwise colluding with multiple account holders, in order to ''stockpile'' promotions or acquire the benefit of more than their prescribed allotment of promotional products.
▪If a Customer places a wager on two or more of the competitors in a sporting event (either in 'real' cash, Bonus Bets, or a combination of both).
(iv)Western Australian Customers will not be eligible to receive VicBet Promotions or Promotional Products.
(v)Only one VicBet Customer per household is eligible for VicBet Promotions or Promotional Products.
(vi)If VicBet Management suspects that VicBet Customer is part of a syndicate, or otherwise using their VicBet Customer Account primarily to abuse VicBet Promotions or Promotional Products, VicBet Management may, prior to allowing any funds to be withdrawn by that Customer, request evidence to support the fact that the relevant Customer Account was solely used and funded by the Customer, and that there was no interaction with a third-party at any time in connection with the opening and/or funding of the Customer Account or the placement of any relevant transactions.
(vii)Bonus bets expire from a specific promotions, the overarching ruling will be that bonus bets expire 7 days after they were redeemed or granted.
(viii)To the extent that circumstances arise for which no provision is made in these the rules regarding VicBet Promotions & Promotional Products, VicBet reserves the right to make a ruling to resolve said circumstances in its sole and absolute discretion, with said ruling to be final and binding.
(A)VicBet Protest Payout will be applied when a horse on which the Customer has placed a bet is first past-the-post but is ultimately relegated due to an upheld protest or enquiry by the Racing Stewards.
(B)In the event of an upheld protest, VicBet will pay out in respect of both the first past-the-post and the runner ultimately declared as the official winner.
(C)VicBet Protest Payout applies to every Australian Thoroughbred and Harness race. VicBet does not offer Protest Payout on any international race in any racing code.
(D)For the avoidance of doubt, Protest Payout shall only apply in respect of:
(i)Bets on horses that are first past-the-post but later relegated as a result of a protest or other Stewards' inquiry;
(ii)Win bets (and the ''win'' portion of Each-Way bets) that are placed by the Customer after the declaration of the final field;
(iii)The Customer's first accepted, qualfiying bet on a given runner; and
(iv)Official protests and Stewards' inquiries.
(E)Protest Payout shall not apply in respect of:
(i)Bets on horses that originally finished second or third past-the-post but are relegated out of the placings as a result of a ''minor protest'';
(ii)Bets placed on 'All-In' or futures markets;
(iii)Special markets, products or bet types including, without limitation, multi-leg bets, exotic bets, bonus bets, head-to-head betting, 'Odds v Evens' markets, 'Favourite v Field' markets, or 'Box/Jockey Challenge markets; or
(iv)Disqualifications including, without limitation, where a horse is disqualified as a result of weighing in ''light'' after the completion of the race.
(v)Clients who are categorised as Minumum Bet Limit (MBL) Clients, have not had 25 bets or have been advised that Promotions including Protest Payout are not available for their VICBET Account.
(F)For the avoidance of doubt, VicBet's Protest Payout will apply (subject to the other rules set out in this section) in respect of:
▪Wagers placed in the the runner that is first past-the-post in a Harness race that is subsequently relegated owing to its galloping over the finishing line.
(G)In the event that an official protest is upheld, any ''Run Second to the Favourite'' or similar markets/promotions being run on that race will be void.
(H)Subject to these VicBet Wagering Rules, the amount returned to the Customer as part of a Protest Payout will be equal to the full return the Customer would have received had the horse been declared the official winner except that the maximum amount paid out to a Customer on account of a Protest Payout shall be limited to:
(i)One thousand dollars ($1,000) per Customer per race; and
(ii)Two thousand dollars ($2,000) per Customer per day.
(I)This product is available for recreational customers only and VicBet reserves the right to, at its sole and absolute discretion, exclude or limit the eligibility of certain Customers from receiving the benefit of the VicBet Protest Payout.
(J)Customers who have received an email advising they are no longer eligible for promotions will not receiving the Protest Payout.
(K)If a Customer who is not eligible for Protest Payout is credited winnings based on interim results and the runner on which they placed their bet is subsequently demoted as a result of an upheld protest, VicBet reserves the right to adjust said Customer's Account Balance upon the re-settlement of the relevant event to reflect the official results. In the event that the re-settlement of the event results in a Customer's available balance being negative (owing to withdrawals or other transactions in the intervening period), the amount required to return the Customer's Account Balance to zero is immediately due and payable.
(A)With VicBet's 'VBoost', Customers can spend 'VBoost' Tokens to get an increased dividend on their bet.
(B)VicBet's Wagering Rules apply in respect of 'boosted' bets, including (without limitation):
(i)Trading & event payout limits and other restrictions;
(ii)Rules regarding the application of deductions as a result of scratchings in racing events; and
(iii)The 'Dead Heat Rule (Racing)'.
(C)The number or type of 'VBoost' Tokens which may be made available to a Customer on any given day may vary and will be issued at the absolute discretion of VicBet Management. VicBet Management will not enter into any communications regarding the issuance of, or failure to issue, 'VBoost' Tokens.
(D)'VBoost' Tokens will only be able to be used where the 'VBoost Token' button appears on a given betting leg within the Betslip.
(E)Top Up tokens for racing Singles and Multis are only eligible to be used on fixed odds wagers. The option will not display for any tote bet for win or place wagers.
(F)The dividend available to you when you apply your 'VBoost' Token will depend upon a range of factors and will be calculated and applied at the absolute discretion of VicBet Management.
(G)'VBoost' tokens cannot be used in conjunction with any other Promotions or Promotional Products offered by VicBet from time to time including Bonus Bets or any bets placed which would qualify Customers to receive a Bonus Bet. For example, a 'boosted' bet would not be eligible to be refunded as part of any 'Money-Back' promotion.
(H)In the event that a 'Cash-Out' offer is advanced to a Customer in respect of a bet, the 'Cash-Out' settlement will be based on the original dividend rather than the 'boosted' dividend.
(I)Fair Use Policy
(i)VicBet reserves the right to, at any time and at its sole and absolute discretion:
▪Change, suspend or terminate the availability of 'VBoost' Tokens on any sport or market; and
▪Exclude any Customer from receiving 'VBoost' Tokens if VicBet Management determines that the Customer is abusing or has abused the promotion.
(ii)In addition to, and without limiting, the provisions detailed above in 'Section 5A - Eligibility & Fair Use Policy', the following actions shall also constitute abuse of the VicBet 'VBoost' promotion:
▪Allowing a third party direct or indirect access to the Customer's VicBet Customer Account; and
▪Where the Customer's 'boosted' wagers exceed the value (both in terms of turnover, and number of bets placed) of non-promotional wagers. (For the purposes of calculating non-promotional turnover in the context of this rule, only bets placed at a dividend of $1.80 or higher will be taken into consideration.)
▪Where, in the reasonable opinion of VicBet, a Customer is creating multiple VicBet Customer Accounts, or otherwise colluding with other Customers, in order to accrue more than their allottment of 'VBoost' Tokens.
Racing (Thoroughbreds / Harness / Greyhounds)
VicBet offers a vast array of wagering products and bet types on Thoroughbred, Harness and Greyhound Racing. These include:
Best Tote + Starting Price (BT3SP)
The Customer will be paid out at the greater of:
▪The highest of the dividends declared by the Victorian TAB, the New South Wales TAB and the Queensland TAB; and
▪The 'Official Starting Price'.
For 'Each-Way' wagers placed on the 'Best Tote + SP' product, the place portion of the wager will be paid out at the dividend specified on the Betslip.
Best of Three Totes (BT3)
The Customer will receive the highest of the dividends declared by the Victorian TAB, the New South Wales TAB and the Queensland TAB. For 'Each-Way' wagers placed on the 'Best of 3 Totes' product, the place portion of the wager will be paid out at the dividend specified on the Betslip.
Best of Two Totes (BT2)
The Customer will be paid out at the highest of the dividends declared by the Victorian TAB and the New South Wales TAB. For 'Each-Way' wagers placed on the 'Best of 2 Totes' product, the place portion of the wager will be paid out at the dividend specified on the Betslip.
Win & Place Tote +5%
The Customer will be paid out at the dividend declared by the Victorian TAB and receive an extra sum equal to 5% of their profit from the relevant bet. For example, if a Customer places a winning $50 'Win Tote + 5%' on a runner with a Victorian TAB dividend of $10, the Customer's payout will be:
= ( 50 x 10 ) + ( 0.05 x ( 50 x 10 - 50 ) )
= $522.50
Middle Tote
The Customer will be paid out at the median dividend declared by the Victorian TAB, the New South Wales TAB and the Queensland TAB. For 'Each-Way' wagers placed on the 'Middle Tote' product, the place portion of the wager will be paid out at the 'Middle Tote (Place)' dividend.
Fixed Odds
The Customer will be paid out at the dividend available and taken at the time of bet placement. 'Fixed Odds (Win)' and 'Fixed Odds (Place)' dividends are not subject to fluctuation after acceptance of the wager. Fixed Win & Place odds are available on the VicBet website and once confirmed are not subject to fluctuation. For 'Each-Way' wagers placed on the 'Fixed Odds' product, the place portion of the wager will be paid out at the dividend specified on the Betslip.
Top Fluctuation (TF)
The Customer will be paid out at the highest dividend forming part of the Official Price Fluctuations as posted by the racing authority of the State in which the race is being run. For the avoidance of doubt, the 'Pre-Post Fluctuations' displayed on the VicBet website prior to the first call of the Official Price Fluctuations are not taken into consideration when determining the Top Fluctuation. 'Top Fluctuation' betting will be available only until the first call of the Official Price Fluctuations (ordinarily 20-25 minutes prior to the commencement of a racing event). 'Each-Way' betting with the 'Top Fluctuation' product will only available on selected races, which races will be designated at the sole discretion of VicBet Management. In the event that 'Each-Way' betting is available on a 'Top Fluctuation' wager, the place portion of the wager will be paid out at the dividend specified on the Betslip.
Best of the Best (BOB)
The Customer will be paid out at the highest dividend forming part of the Official Price Fluctuations as posted by the racing authority of the State in which the race is being run or the Best of the three official tote dividends depending which is higher. For the avoidance of doubt, the 'Pre-Post Fluctuations' displayed on the VicBet website prior to the first call of the Official Price Fluctuations are not taken into consideration when determining the Top Fluctuation. 'Best of the Best' betting will be available only until the first call of the Official Price Fluctuations (ordinarily 20-25 minutes prior to the commencement of a racing event). 'Each-Way' betting with the 'Best of the Best' product will only available on selected races, which races will be designated at the sole discretion of VicBet Management. In the event that 'Each-Way' betting is available on a 'Best of the Best' wager, the place portion of the wager will be paid out at the dividend specified on the Betslip.
Multi-Leg Bets
A 'Multi-Leg Bet' (also known as an 'Accumulator' or an 'All-Up') is the combination of two or more bets into a single wager. The dividend of a 'Multi-Leg Bet' is derived by multiplying the dividends of each of the individual bets comprising the 'Multi-Leg Bet'. 'Multi-Leg Bets' may not contain any interdependent legs unless they form part of a 'Same-Race Multi'. VicBet accepts 'Multi-Leg Bets' of up to ten (10) legs. VicBet will not accept 'Multi-Leg Bets' with a dividend exceeding $10,001.00.
Racing Exotics
VicBet may offer the following Racing exotic bet types:
▪Quinella
▪Exacta
▪Trifecta
▪First Four; and
▪Quadrella.
For all racing exotics, the Customer will receive the dividend declared by the Victorian TAB. See the section hereunder labelled 'Racing Exotics' for more information on the rules relating specifically to Racing Exotics.
(A)If, after the placement of a wager, a race meeting is abandoned or postponed (to another date), VicBet may, at its sole and absolute discretion and without regard to the actions or announcements of any TAB, racing authority or other wagering operator, void any standing single and exotic wagers on the abandoned or postponed meeting.
(B)If a race meeting is:
▪Transferred to a venue other than the listed venue at the time of bet placement;
▪Scheduled to be run on a track surface other than the listed track surface at the time of bet placement; or
▪Scheduled to be run over a distance other than the listed distance at the time of bet placement,
any outstanding wagers on the meeting will stand, and the original wagering rules and limits will apply, as if that meeting were never relocated, or the race conditions were never changed, provided that:
▪The meeting still takes place on the same day; and
▪Any runners scratched at the time of bet placement remain scratched.
Notwithstanding the foregoing, if a Customer contacts VicBet prior to the commencement of the relevant race VicBet may (on a case-by-case basis and at its discretion) agree to void the Customer's wager.
(C)If there is a relocation or change of race conditions of the kind mentioned in the preceding Clause, and any scratched runners are reinstated, all standing single and exotic wagers on the meeting will, without regard to the actions or announcements of any TAB, racing authority or other wagering operator, be cancelled/voided.
(D)Regardless of whether a 'Futures' event (i.e. an event designated for 'All-In' betting) has been abandoned, postponed or transferred from the original date, all bets placed pre the barrier draw stand until the completion of the event. All bets placed after the final field is announced will be subject to refund and members must resubmit new wagers on the event.
(A)A 'scratching' refers to the withdrawal of a runner from a race in which it is nominated.
(B)If a runner is scratched following final acceptances and/or the declaration of the final field of a given race:
(i)All wagers that were placed on the scratched runner prior to the declaration of the final field will be deemed to have been taken on an 'All-In' basis and therefore be deemed losing bets;
(ii)All wagers that were placed on the scratched runner after the declaration of the final field will be voided;
(iii)All 'Fixed Odds', 'Top Fluctuation' and other fixed price wagers placed after the declaration of the final field on any runners remaining in the field will be subject to a Deduction (with said Deduction to be calculated in accordance with the VicBet Schedule of Deductions (see below)).
(C)'Favourite v Field' Markets
(i)In the event that the 'Favourite' listed in the 'Favourite v Field' market is subsequently scratched, all wagers placed in that market (while that runner was the nominated 'Favourite') will be voided and the amount of those bets refunded to the Customer.
(ii)In the event that any runner other than the listed/nominated 'Favourite' is scratched after bet placement:
▪Any wagers placed on the nominated 'Favourite' will be subject to a standard Deduction calculated in accordance with the VicBet Schedule of Deductions; and
▪Any wagers placed on the 'Field' will be subject to an inverse Deduction (i.e. the dividend will increase by the amount of the Deduction) to compensate the Customer for the reduced probability of the 'Field' bet being successful.
(iii)VicBet may, at its discretion, agree to the cancellation or voiding of a 'Favourite v Field' wager if the Customer contacts VicBet prior to the commencement of the relevant event.
(A)In the event of a 'Dead Heat' (i.e. where two or more runners in an event are declared to have finished tied), unless a 'Dead Heat' was an available betting option:
(i)Any 'Fixed Odds', 'Top Fluctuation','Official Starting Price' or other fixed price wagers on the tied runners will be paid out at the face value of the relevant wagering ticket divided by the number of runners involved in the Dead Heat; and
(ii)Any wagers on 'Tote' or 'Tote-Derivative' products will be paid out in accordance with the dividends declared by the TABs (which will have been adjusted to account for the 'Dead Heat').
(B)For the avoidance of doubt, for the purposes of the 'Dead Heat Rule (Racing)':
(i)Wagers on 'Top Fluctuation' and 'Official Starting Price' products are deemed to be 'Fixed Odds' wagers; and
(ii)Any 'Fixed Odds' component of a 'Tote-Derivative' Wagering Product such as, for example, the Official Starting Price component of a 'Best Tote + SP' wager, shall be calculated as if it were a 'Fixed Odds' wager.
(A)Where there are eight (8) or more runners in a given race, 'Fixed Odds (Place)' wagers (including where the place component of any fixed price 'Each-Way' bet is to be paid at the 'Fixed Odds (Place)' dividend) will be paid in respect of the 1st, 2nd and 3rd placegetters.
(B)Where there are seven (7), six (6) or five (5) runners in a given race, 'Fixed Odds (Place)' wagers (including where the place component of any fixed price 'Each-Way' bet is to be paid at the 'Fixed Odds (Place)' dividend) will be paid only in respect of the 1st and 2nd placegetters.
(C)Where there are less than five (5) runners in a given race (including where the field is reduced as a result of late scratchings), all 'Fixed Odds (Place)' wagers (including the place component of any fixed price 'Each-Way' if said component is to be paid at the 'Fixed Odds (Place)' dividend) will be voided.
(A)In the event that trading in one or more of the totalisator pools is suspended or interrupted, VicBet reserves the right to (at its discretion) either:
(i)Postpone the resulting of any wager contingent on any of said totalisator pools until such time as the suspension or interruption is resolved; or
(ii)Exclude or disregard the totalisator pool or pools that is/are suspended or interrupted, and result any contingent wagers solely on the basis of the totalisator pool or pools that have not experienced any interruption of trading. (For example, if the New South Wales Tote is experiencing an outage, VicBet may elect to:
▪Pay out successful 'Best Tote' wagers as the best of only the Victorian and Queensland totes; and/or
▪Pay out successful 'Middle Tote' wagers as the average of the Victorian and Queensland totes.
(B)Payout Limits / Adjustments on 'Tote' & 'Tote-Derivative' Betting
(i)For the avoidance of doubt, any reference to a 'Tote' or 'Tote-Derivative' wager in these wagering rules includes win, place and/or exotics wagers.
(ii)VicBet may, at its discretion, place a limit on the payout in respect of any 'Tote' or 'Tote-Derivative' wager where:
▪Any of the Australian TABs has declared an irregular dividend relative to the Official Starting Price, the VicBet 'Fixed Odds' dividend at the time of the jump, or any of the dividends declared by the other Australian TABs; or
▪Where there is a reasonable suspicion of the totalisator pools having been manipulated.
▪A Customer of Vicbet must not structure (commonly known as Bet Structuring) or place multiple wagers in a manner designed to circumvent any maximum payout limit or pool-based cap. Where VicBet reasonably determines that wagers have been structured for this purpose, VicBet will aggregate such wagers and apply the relevant maximum Supertab pool limit payout on a combined basis. In other words for clarification purposes, VicBet reserves the right to limit the total payout to any Customer in respect of any event, market, or combination of related markets, regardless of the number of wagers placed. VicBet will treat multiple wagers as a single wager for the purposes of applying any maximum payout or pool-based limitation.
(iii)In the event that one of the Australian TAB's returns an elevated dividend owing to their foregoing of their normal take out (whether for promotional reasons or otherwise), VicBet reserves the right to exclude or ignore that elevated dividend for the purposes of calculating the payout of any 'Tote' or 'Tote-Derivative' wager.
(iv)If the total amount of any totalisator pool for any 'Tote' or 'Tote-Derivative' product is less than one thousand dollars ($1,000), VicBet may, at it sole and absolute discretion, disregard such totalisator pool in the calculation of any 'Tote' or 'Tote-Derivative' dividend. As an example Suptab is a hold of $334 for example we will use the highest TAB pool for payment and calculation of the dividend.
(v)VicBet may, at its discretion, place a limit on the payout in respect of any 'Tote-Derivative' wager including Quinellas, Exactas, Trifectas, First Fours and Quadrella bets, such that the dividend at which a Customer's wager is paid will not be more than 50% greater than (i.e. 1.5 times) the amount of the lowest of the dividends declared by the three Australian TABs for Tote-Derivative bets. For example an Exacta on Supertab might pay $64 & is clearly inflated or possibly manipulated then we will payout at the lowest of the other two TAB Exacta dividends.
(vi)In the event that any tote dividend is more than 50% higher than any of the Official Starting Price, the final VicBet 'Fixed Odds' price, or any of the dividends declared by the other Australian TABs, VicBet may exclude or disregard the irregular dividend for the purposes of calculating the payout of any 'Tote' or 'Tote-Derivative' wager.
(vii)VicBet reserves the right to cancel any 'Tote' or 'Tote-Derivative' wager of a Customer where that Customer or their associates have manipulated any of the totalisator pools.
(viii)If, pursuant to this Clause, any tote dividend/s has/have been excluded or disregarded for the purposes of calculating the payout of any 'Tote' or 'Tote-Derivative' wager the following rules shall apply:
▪Successful 'Best Tote' wagers will be paid out on the basis of those tote dividends that have not been excluded or disregarded; and
▪Successful 'Middle Tote' wagers will be paid out as the average of those tote dividends that have not been excluded or disregarded.
(ix)If it is reasonably believed that any of the totalisator pools have been manipulated, all 'Tote' or 'Tote-Derivative' wagers will be paid out as 'Middle Tote' except where all three totalisator pools have been manipulated in which event VicBet will be pay the closing fixed price dividend.
(C)'Tote-Derivative (Place)' Betting
(i)'Tote-Derivative (Place)' dividends shall be paid in respect of any runner for which the Victorian TAB declares a place dividend.
(ii)Notwithstanding the dividends declared by any Australian TAB, VicBet reserves the right to apply a cap on, and downwardly adjust, any 'Tote-Based (Place)' dividend such that the 'Tote-Based (Place)' dividend of a runner does not exceed the 'Tote-Based (Win)' dividend of said runner (as declared by any of the three TABs).
(iii)For the avoidance of doubt, the payout limits / adjustments referred to above apply equally in respect of 'Tote (Place)' and 'Tote-Derivative (Place)' wagers.
(A)VicBet accepts wagers on the following Racing Exotic bet types:
Quinella
A Quinella is when the Customer has predicted the two runners that placed first and second, irrespective of the specific order in which those runners finished.
Exacta
An exacta is when the Customer has predicted the two runners that placed first and second in the correct order.
Trifecta
A Trifecta is when the Customer has predicted the three runners that placed first, second and third in the correct order.
First Four
A First Four is when the Customer has predicted the four runners that placed first, second, third and fourth in the correct order.
Quadrella
A Quadrella (or 'Quaddie') is when the Customer has predicted the winners of the four races designated by the Victorian TAB as forming part of the Quadrella.
(B)For all racing exotics, the Customer will receive the dividend declared by the Victorian TAB.
(C)In the event of a 'jackpot':
(i)If the Customer has a Unit Stake of greater than 1, the Customer will receive the dividend derived by dividing the amount of the Victorian TAB jackpot by the Customer's Unit Stake; or
(ii)If the Customer has a Unit Stake of less than 1, the Customer will receive the dividend derived by multiplying the amount of the Victorian TAB jackpot by the Customer's Unit Stake.
(D)In the unlikely event that the Victorian TAB is not offering racing exotics in the location in which the Customer's exotic wager is struck, the Customer will receive the lowest of the dividends declared by the New South Wales TAB and Queensland TAB.
(E)VicBet reserves the right to limit the total payout to a Customer in respect of a successful racing exotics wager if the total amount to be paid out to a Customer would exceed the total amount held in the relevant Victorian TAB pool. In such an event, VicBet may, acting in its sole and absolute discretion, limit the total payout to an affected Customer to the total amount held in said Victorian TAB pool.
(F)The maximum amount that VicBet will be obliged to payout to a Customer on any single race on any exotic wager shall not exceed $20,000 on Australian Metro racing, $10,000 on Australian Non-Metro Racing and $5,000 on all Dogs/Trots and overseas racing.
(G)For clarification purposes we use Super Tab for dividends paid and are obliged to payout no more than the Pool Size for the said dividend. Using an example a payout if $3,000 for an Exotic wager and the Pool Size is $1,400 - That is the collect amount.
(H)Except in the case of Quadrella bets, if a runner forming part of a Customer's exotics selections is either scratched or declared a 'non-runner' after the placement of the wager, the Customer will receive a refund in respect of every combination that includes the scratched runner.
(I)In the case of Quadrella bets, if the Customer's Quadrella selections include a runner or runners that is/are later scratched, the 'substitute' (as nominated by the Victorian TAB) will be added to the Customer's selections in place of each of the Customer's selections that have been scratched.
(A)A 'Deduction' is a reduction in the fixed price dividend taken by a Customer owing to one or more of the other runners in the same event being withdrawn (i.e. scratched) after the placement of the relevant wager.
(B)A Deduction may be applied to a 'Fixed Odds' wager where:
(i)The wager was placed after the declaration of the final field for the relevant event; and
(ii)The relevant scratching occurs after the wager was placed.
(C)Calculation of Payouts After Deductions
(i)Your payout following the application of a Deduction can be calculated as follows:
▪Stake x Odds (at time of bet placement) = Original Payout
▪Original Payout x (1 - Deduction) = Final Payout
(D)Amount of Applicable Deduction
(i)The Deduction is the percentage by which the fixed price dividend taken by the Customer will be reduced. The amount of any applicable Deductions will be displayed adjacent to the scratched runner on the race screen on any VicBet wagering channel.
(ii)The following table details the amount of the Deduction that will be applied to all eligible fixed price wagers (except those wagers placed on Victorian Thoroughbred Racing where Racing Victoria's Victorian Official Deductions will be applied). In the following table:
▪Column A represents the dividend of the scratched runner at the time of its scratching;
▪Column B is Deduction applicable to the Customer's 'Fixed Odds' dividend;
▪Column C is the Deduction applicable to the Customer's 'Fixed Odds (Place)' dividend in a market where 'Place' bets are being paid in respect of the 1st, 2nd and 3rd placegetters;
▪Column D is the Deduction applicable to the Customer's 'Fixed Odds (Place)' dividend in a market where 'Place' bets are being paid only in respect of the 1st and 2nd placegetters.
| A | B | C | D |
|---|---|---|---|
| 1.05 | 0.80 | 0.30 | 0.44 |
| 1.06 | 0.80 | 0.30 | 0.44 |
| 1.07 | 0.80 | 0.30 | 0.44 |
| 1.08 | 0.80 | 0.30 | 0.44 |
| 1.09 | 0.80 | 0.30 | 0.44 |
| 1.10 | 0.80 | 0.30 | 0.44 |
| 1.12 | 0.80 | 0.30 | 0.44 |
| 1.14 | 0.80 | 0.30 | 0.44 |
| 1.16 | 0.80 | 0.30 | 0.44 |
| 1.18 | 0.79 | 0.30 | 0.44 |
| 1.20 | 0.78 | 0.30 | 0.44 |
| 1.22 | 0.77 | 0.30 | 0.44 |
| 1.24 | 0.75 | 0.29 | 0.43 |
| 1.26 | 0.74 | 0.29 | 0.43 |
| 1.28 | 0.73 | 0.29 | 0.43 |
| 1.30 | 0.72 | 0.29 | 0.42 |
| 1.35 | 0.69 | 0.29 | 0.42 |
| 1.40 | 0.67 | 0.28 | 0.41 |
| 1.45 | 0.64 | 0.28 | 0.41 |
| 1.50 | 0.62 | 0.28 | 0.40 |
| 1.55 | 0.60 | 0.27 | 0.39 |
| 1.60 | 0.58 | 0.27 | 0.39 |
| 1.65 | 0.57 | 0.27 | 0.38 |
| 1.70 | 0.55 | 0.27 | 0.38 |
| 1.75 | 0.53 | 0.26 | 0.37 |
| 1.80 | 0.52 | 0.26 | 0.37 |
| 1.85 | 0.51 | 0.26 | 0.36 |
| 1.90 | 0.49 | 0.25 | 0.36 |
| 1.95 | 0.48 | 0.25 | 0.35 |
| 2.00 | 0.47 | 0.25 | 0.35 |
| 2.05 | 0.46 | 0.25 | 0.35 |
| 2.10 | 0.45 | 0.24 | 0.34 |
| 2.15 | 0.43 | 0.24 | 0.34 |
| 2.20 | 0.42 | 0.24 | 0.33 |
| 2.25 | 0.42 | 0.24 | 0.33 |
| 2.30 | 0.41 | 0.24 | 0.33 |
| 2.35 | 0.40 | 0.23 | 0.32 |
| 2.40 | 0.29 | 0.33 | 0.32 |
| 2.45 | 0.38 | 0.23 | 0.32 |
| 2.50 | 0.37 | 0.23 | 0.31 |
| 2.60 | 0.36 | 0.22 | 0.30 |
| 2.70 | 0.35 | 0.22 | 0.30 |
| 2.80 | 0.33 | 0.21 | 0.29 |
| 2.90 | 0.32 | 0.21 | 0.29 |
| 3.00 | 0.31 | 0.21 | 0.28 |
| 3.10 | 0.30 | 0.20 | 0.27 |
| 3.20 | 0.29 | 0.20 | 0.27 |
| 3.30 | 0.28 | 0.20 | 0.26 |
| 3.40 | 0.27 | 0.19 | 0.26 |
| 3.50 | 0.27 | 0.19 | 0.25 |
| 3.60 | 0.26 | 0.19 | 0.25 |
| 3.70 | 0.25 | 0.19 | 0.25 |
| 3.80 | 0.25 | 0.18 | 0.24 |
| 3.90 | 0.24 | 0.18 | 0.24 |
| 4.00 | 0.23 | 0.18 | 0.23 |
| 4.20 | 0.22 | 0.17 | 0.23 |
| 4.40 | 0.21 | 0.17 | 0.22 |
| 4.60 | 0.20 | 0.16 | 0.21 |
| 4.80 | 0.19 | 0.16 | 0.21 |
| 5.00 | 0.19 | 0.16 | 0.20 |
| 5.50 | 0.17 | 0.15 | 0.19 |
| 6.00 | 0.16 | 0.14 | 0.18 |
| 6.50 | 0.14 | 0.13 | 0.16 |
| 7.00 | 0.13 | 0.12 | 0.16 |
| 7.50 | 0.12 | 0.12 | 0.15 |
| 8.00 | 0.12 | 0.11 | 0.14 |
| 8.50 | 0.11 | 0.11 | 0.13 |
| 9.00 | 0.10 | 0.10 | 0.13 |
| 9.50 | 0.10 | 0.10 | 0.12 |
| 10.00 | 0.09 | 0.10 | 0.12 |
| 11.00 | 0.08 | 0.09 | 0.11 |
| 12.00 | 0.08 | 0.08 | 0.10 |
| 13.00 | 0.07 | 0.08 | 0.09 |
| 14.00 | 0.07 | 0.07 | 0.09 |
| 15.00 | 0.06 | 0.07 | 0.08 |
| 16.00 | 0.06 | 0.07 | 0.08 |
| 17.00 | 0.05 | 0.06 | 0.07 |
| 18.00 | 0.05 | 0.06 | 0.07 |
| 19.00 | 0.05 | 0.06 | 0.07 |
| 20.00 | 0.05 | 0.05 | 0.06 |
| 21.00 | 0.04 | 0.05 | 0.06 |
| 26.00 | 0.03 | 0.04 | 0.05 |
| 31.00 | 0.03 | 0.03 | 0.04 |
| 41.00 | 0.02 | 0.03 | 0.03 |
| 51.00 | 0.01 | 0.01 | 0.01 |
(A)The amount that a Customer is able to stake on any wager will be determined on a case-by-case basis by VicBet Management depending on the event on which the wager is placed and the prevailing market conditions.
(B)VicBet will attempt to satisfy all bet requests but may, at its sole and absolute discretion, reject or partially accept certain bet requests subject to any 'Minimum Bet Limits' applicable to the relevant event.
(C)Minimum Bet Limits
(i)A number of Australian wagering control bodies prescribe 'Minimum Bet Limits' for the benefit of punters.
(ii)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.
(iii)'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.
(iv)Click here to view detail of the currently prescribed 'Minimum Bet Limits'
(A)Same-Race Multi bets are available on all Australian Thoroughbred and Greyhound races; and on select International Meetings. SRM bets are Multi Bets where the selections relate to a runner winning, finishing top 2, 3 or 4 in the same event. VicBet Multi Bet rules apply. SRM odds are calculated based upon the relatedness of the selections in the wager and not a multiplication of odds for each selection.
(B)Thoroughbred SRM's are available on race day from 9am local time (post scratchings) and once fixed odds win prices are available for the race.
(C)Greyhound SRM's are available five minutes prior to scheduled race time.
(D)SRM bets will be voided, and stake fully refunded if one or more selections are scratched.
(E)If a voided SRM has been placed into a multi containing other Single/s or Same Game Multi/s, the SRM leg in the multi will be voided but the remainder of the multi will stand and odds will be revised, to take into account the voided leg.
(F)Should a SRM wager be placed where all selections are completely related contingencies, the bet will be paid out at the highest odds of any single selection. E.g. Winx to finish top 2 ($2.25) into Winx to finish top 3 ($1.95.) will be paid at $2.25.
(G)Standard deductions will apply to SRM bets where scratching(s) occur after the bet has been placed.
(H)In the event a field is reduced to five or less runners, any SRM bets struck prior to the reduction in field size will be void.
(I)In the event of a dead heat in one or more SRM legs, standard Dead Heat Rules apply.
(J)SRM bets are subject to VicBet Payout Limits outlined in Section 4 — General Wagering Management.