VICBET.COM Rules of Wagering
VICBET.COM a bookmaker licensed by the Victorian Commission for Gambling Regulation (VCGR) (Registration Number B10700054) through Racing Victoria Ltd.
VICBET.COM is authorised by the Government of Victoria and the VCGR to accept phone, face to face and internet wagers on all Australian, New Zealand and overseas race meetings.
VICBET.COM is bound by the VBA Code of Practice.
When opening an account or placing any bet with VICBET.COM, the customer acknowledges as binding the VBA Code of Conduct and the Racing Victoria Rules of Wagering. Placing a wager signifies your knowledge of, and agreement to be bound by, the current version of these rules.
According to Rule 5.5.3 in the Victorian Internet Betting Rules if there is an error in the quoted Dividend resulting from computer or other technical malfunction before the conclusion of the relevant Event or clear human error,
then VICBET.COM has the option to void the wager. Vicbet will notify the other party as soon as possible....... Also another condition upon betting with VICBET, which is relevant to the Best Tote wagering is this: When a race is resulted
and the appropriate TAB dividends are confirmed by the three TAB's - SuperTab, NSW TAB and Tatts, with a selection winning or running a place and the BEST PLACE dividend paid is more than the BEST WIN (or proposed BEST WIN) dividend then
the wager will be paid at the Middle Tote Dividend... As an example the three TAB's may pay for the WIN - $2.10, $2.20 and $2.30, if the PLACE dividends pay $1.30, $1.40 and $3.70, then the wager will be paid at the middle tote Dividend which in this case is $1.40.....