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 Territory

Black Opal Day

$2,000 (W)

$800 (P)

Provincial

$1,000 (W)

$400 (P)

Applicable from 9:00am AEST/AEDT on the Day of the Meeting

New South Wales

Metro

$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)

Queensland

Metro

$1,000 (W)

$400 (P)

Provincial

$1,000 (W)

$400 (P)

Applicable following declaration of final fields

South Australia

Metro

$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)

Tasmania

Metro

$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)

Victoria

Metro

$2,000 (W)

$800 (P)

Provincial

$1,000 (W)

$400 (P)

Applicable following declaration of final fields

Western Australia

Metro

$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 Territory

Metro

No MBL (W)

No MBL (P)

Provincial

No MBL (W)

No MBL (P)

No Prescribed Minimum Bet Limit

New South Wales

Metro

$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).

Queensland

Metro

$500 (W)

$200 (P)

Provincial

$500 (W)

$200 (P)

Applicable following declaration of final fields

South Australia

Angle 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).

Tasmania

Metro

No MBL (W)

No MBL (P)

Provincial

No MBL (W)

No MBL (P)

No Prescribed Minimum Bet Limit

Victoria

Metro

$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 Australia

Metro

$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 Territory

Metro

No MBL (W)

No MBL (P)

Provincial

No MBL (W)

No MBL (P)

No Prescribed Minimum Bet Limit

New South Wales

Metro

$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)

Queensland

Metro

$500 (W)

$200 (P)

Provincial

$500 (W)

$200 (P)

Applicable following declaration of final fields

South Australia

Metro

No MBL (W)

No MBL (P)

Provincial

No MBL (W)

No MBL (P)

No Prescribed Minimum Bet Limit

Tasmania

Metro

No MBL (W)

No MBL (P)

Provincial

No MBL (W)

No MBL (P)

No Prescribed Minimum Bet Limit

Victoria

Metro

$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 Australia

Metro

$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)