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How Racing Victoria’s Race Fields Policy Has Changed the Landscape of Trackside Punting in Australia

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The betting culture in Australia has come a long way, and it’s not going to die with time no matter what happens. But it turns out the landscape of trackside punting has changed considerably in Australia, especially after Racing Victoria’s race fields policy that’s pushing big punters away.

The Effect of Race Fields Policy

According to Bluebet boss, Michael Sullivan, Racing Victoria’s race fields policy wants to revive the good old days of starting price (SP) bookmakers by increasing its fees. Owing to this policy, Racing Victoria might be able to maintain the 8 percent point of consumption tax, but the changes that the regulatory body has brought in the race fields has split bookmakers’ product fees into three parts – pari-mutuel, non pari-mutuel, and tote derivative. Bookmakers will have to pay each fee separately at the rate that is the highest between a gross revenue model and a turnover …