Melbourne Cup 2023: Racing Victoria wants field finalised earlier to bump up betting

No other bookmakers disclosed their turnover to this masthead. Victoria Racing Club reported last year’s Melbourne Cup wagering yield was $372.8 million, up 1.9 per cent on 2020. The consumer discontent comes after Betr’s controversial odds offer was embraced by hundreds of thousands of people. The group, led by gambling entrepreneurs Matthew Tripp and Andrew Menz, has congratulated those who backed Gold Trip to Melbourne Cup victory on Tuesday and said Betr had paid out all bets by the end of the day. Our Australian betting tips are meticulously crafted, taking into account every possible variable that could influence the outcome of a race. We provide industry leading betting tips, advice and education enabling you to invest intelligently and generate long term profits by treating your betting as a business.

Phil Mickelson bet more than $1 billion on sports over a 30-year period, according to legendary sports bettor Billy Walters. By that point, News Corp had injected about $75 million into the business, per its annual filings, as it slashed expenses – and employee headcount – elsewhere. Weeks before launch, and as the company prepared to gather its launch capital, Mr Davey, Tekkorp’s founder, announced he would not be chipping in funds for the cause. But as CEO and chairman of Fox Corporation in the US, Mr Murdoch was not in charge of News Corp (he was a non-executive co-chairman alongside Rupert Murdoch, who stepped down last month).

Jake had his whole life ahead of him, until a penchant for gambling took control

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• $2.0 billion — The amount wagered in September with New York sportsbooks, a record for a single month in any U.S. jurisdiction. • The Bengals were the most popular pick in Circa Sports Survivor contest this week, with 422 of the remaining entries riding with Cincinnati. The Texans’ upset of the Bengals eliminated 36.7% of the remaining contestants, who are vying for an $8 million prize. TopSport currently applies a minimum bet limit of $2 for Internet transactions and $10 for telephone transactions.

  • Australian sports bettors have always been welcome at OLBG and make up a good part of our amazing community.
  • The Penrith Panthers in the NRL in particular, going for a third consecutive grand final win, had north of 40,000 backers – a $40 million payout.
  • At KRUZEY, we do things a little different to the main stream media, giving you our take on certain situations and events that are going on in the racing world.
  • Critics and media reports also pointed to Betr’s own bets on the favourite with rival Tabcorp to reduce its exposure by about $10 million as a sign of panic, but this is a relatively standard practice among bookmakers.
  • And News Corp Australia, a subsidiary of News Corp, has a level of autonomy to make its own decisions about how it allocates spend.

Bonus bets must be advertised to existing customers only. The body representing Australia’s largest online betting agencies is concerned the ACT government is trying to shut down the racing and wagering industries “by stealth”. Betr was accused of having bitten off more than it could chew when it texted customers with a last-minute offer to take up an $150 betting voucher in exchange for their Deauville Legend bets late on Monday evening. Critics and media reports also pointed to Betr’s own bets on the favourite with rival Tabcorp to reduce its exposure by about $10 million as a sign of panic, but this is a relatively standard practice among bookmakers. Papley also appears on SEN Radio’s horse racing station ‘SEN Track’ regularly to discuss betting tips.

Racing Victoria wants Melbourne Cup field finalised earlier to bump up betting

After years of on-and-off discussions with Mr Tripp, plans formed to launch a new wagering platform. The Murdoch-led company invested alongside seasoned bookmaker Matt Tripp and betting tech company Tekkorp to found Betr in April last year, part of a strategic push across the business into online gambling. Neds is a popular choice for Australian sports betting enthusiasts, offering a wide range of sports and markets, as well as a user-friendly platform and a variety of promotions and special offers.

  • Phil Mickelson bet more than $1 billion on sports over a 30-year period, according to legendary sports bettor Billy Walters.
  • The PGA Tour continues this week but we are focusing our attention across the pond instead for a look at the DP World Tour Championship, kicking off Thursday afternoon from 2pm.
  • It had never planned on more than a third of the venture, a source said.
  • It was only then that Betr executives notified the corporate regulator that News Corp Australia was out.
  • On Sunday, a bettor with Hard Rock casino’s newly reopened online sportsbook in Florida won $5.5 million on a four-leg, same-game parlay on the Houston Texans-Cincinnati Bengals game.

We Review each of the leading online Australian Bookmakers and rate them in order… Known as the ‘Sport Of Kings’, an industry worth billions, a very serious business…but to some, it’s a… Betting in Australia has never been more popular thanks to a large increase in new betting Agencies and Apps available… Jamie Kah’s resurgence continued an upward trajectory during the final day of the Melbourne Cup carnival, with the former premiership… For this reason, it’s hard to look past the Aussies, who are riding an eight-game winning streak and are in electric form with the bat.

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Fields for those two group 1s were released on Wednesday, with Racing Victoria officials rapt with the acceptances and field sizes for both races. Substantial prizemoney increases added to costs last financial year, but the decline in wagering revenue had the biggest impact on Racing Victoria’s profit and loss sheet. Turnover on last week’s Melbourne Cup Carnival dropped 15 per cent year-on-year, falling to $665 million, albeit a 5 per cent increase on the pre-COVID 2019 levels.

  • “We see great interest in wagers across our deep betting markets. That said, we’re always performing due diligence, especially on large wagers.”
  • Papley also appears on SEN Radio’s horse racing station ‘SEN Track’ regularly to discuss betting tips.
  • All prize money available on is also available to Australian citizens and can be withdrawn via Paypal or Skrill.
  • The inquiry released its report and recommendations in June, proposing a ban on gambling advertising within three years and other measures, including a national strategy for online gambling harm reduction.
  • Overall, underdogs were 5-8 against the spread, with six outright upsets, in Week 10, ahead of the “Monday Night Football” game between the Denver Broncos and Buffalo Bills.
  • It already had a multitude of powerful players including Tabcorp, Sportsbet and PointsBet.
  • Betr wrote to all suspended users on Wednesday asking them to verify the card details of their account or face permanent suspension.

Welcome to KRUZEY, your leading choice for sports and horse betting sites Australia. As you explore our site, you’ll discover a world of new online horse racing betting sites, each offering their own unique approach to the world of horse racing betting. With KRUZEY, you’ll have access to the finest betting tips Australia has to offer, ensuring you’re always one step ahead. Before You Bet (BYB) is Australia’s leading provider of free sports betting tips, including daily picks, articles, promotions and reviews of the best Australian sports betting websites. Our expert tipsters cover all major sports, with a strong focus on AFL tips, NRL tips and horse racing tips.

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Singletary rushed for 150 yards and a touchdown, and the Texans kicked a field goal on the final play for a win over the Bengals. It resulted in one of the largest parlay payouts ever reported by a U.S. sportsbook. But it wasn’t even the wildest bet of the first week of legal betting’s return to Florida.