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Bookmaker computer betting ledger systems

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BETTING NEWS UK

The Internet is perfectly suited to act as the communications medium between players who hold an account with the bookmaker and the bookmaker itself, with bets placed being debited from the player's account and winnings credited to it. With the advent of the Internet, however, the possibility arose of individual bets being made between individual players, rather than between player and bookmaker.

Because of the abilities of computer-based systems to accept, classify, search and present data, it is possible to run betting systems online where individuals can post offers, others can accept them, individual contracts can be made and the stakes are shifted to the players' accounts. The operator of the system can derive income from charging players in any appropriate fashion, and, of course, the ability to store and manipulate very substantial amounts of data also extends to the straightforward ability of storing an accurate and auditable log of players' activities, thus enabling the detail of any betting transaction to be examined in depth and at will.

In the description which follows of an Internet-based online betting system, both as regards known betting systems and with respect to the improved betting system in accordance with the invention, certain terms are used which it is useful, for clarity of explanation, to define. In this specification, accordingly, the following terms have the following meanings:. It should be noted that neither the bet exposure nor the theoretical exposure can ever be less than zero, because events may be cancelled.

This can be accessed via Internet connection by individual users of the system, using any remote computing device which is compatible with the Internet, for example a mobile telephone, hand-held computer or PDA, a portable or laptop, or a personal computer, or, indeed, a terminal on a computer system.

What is important is that the computer apparatus in question is under the control of the particular user and, of course, that the user is identified to the system. This may be achieved by a customary registration process usually involving an application which may be completed online, and acceptance of that application by the betting server i.

By means of appropriate funds transfer, the player may deposit an appropriate sum of money with the owners of the system, and this sum can be fed in as part of the data held by the betting server on that player's account. In an exchange betting system operated in this way, the identities of the individual players are accordingly known to the system, but they are not known to the other players.

Players who wish to participate in an exchange betting system of this type may make offers relating to certain outcomes of certain events at given odds. Those offers can be made using any appropriate interface depending upon the computer used by the player. The central bet database enables bets to be categorised and sorted so that players who are looking for a bet to accept may view bets in a given area where they reckon they have the necessary knowledge or experience to bet and win without difficulty.

Typical categories would be football, horse racing or stock movements. Sorting may also occur e. The bet database is then updated appropriately. Once a bet offered has been accepted, there is essentially a betting contract between the two players which will be administered by the betting server. The outcome of whatever the event is relating to an accepted offer will, once known, determine which player wins, and the relevant amount of money can then be removed from the account of the losing player and placed in the account of the winning player.

The system may automatically advise both players, and make the appropriate adjustments to the respective players' accounts once the outcome of the event is known. Most bets are of the simple sort where one of the players wins the money betted by the other. In order to carry out these transactions and notifications, the betting server may be thought of conceptually as embodying three main functional building blocks, viz. The classical known way of operating an online exchange betting system of this type is to provide that when any player places offers on the bet database, funds are reserved in the account database so that if the offers are all accepted, the exposure of the player concerned is not greater than the sum of money deposited in the account database by them.

Operating in this way is disadvantageous because circumstances can arise in real time where the exposure of an individual player, as reflected in the account database, approaches the amount of credit allocated to that player in that database. At that point, the system needs immediately to stop any further offers being made. Although the system has been specifically described above with reference to a disjunctive market, i.

An example is in football where one selection is for A to win by 3 goals and another for A to win by 4 goals. If the latter selection holds, so will the former. By working out exposures from data in the bet database and combining those exposures with data in the account database, unnecessary curbs on actions by players are eliminated without prejudicing the position of the operator of the system.

In practice, this is done by programming the betting server to total for each player, continuously and in real time, the total of bets matched between that user and all other users of the system, including details of the event and the selection, and to total the bets matched in terms of possible winnings and stakes betted, both lay bets and back bets, whereby to compute the theoretical exposure for each player.

Unmatched bets are only taken into account when computing the theoretical exposure. Preferably, the central server includes means for receiving and storing budget limits input by a player, means in the server to receive and store prioritisation and budgeting information relating to the offers, and the means for removing offers operates in accordance with the prioritisation and budgeting information.

There is accordingly a fundamental operational difference between an exchange betting system of known type and a system according to the present invention. Current exchange betting systems operate on the basis that offers made and not accepted are treated the same as offers made and accepted. This practice effectively limits the use to which players' funds may be put as it ties up funds in offers which may or may not be accepted, reducing the amount available for making other offers or accepting offers made by other players.

Using a system in accordance with the invention, a series of offers may be made in excess of a player's available funds. This is done by treating unmatched offers differently to matched offers. More specifically:. To ensure player accounts never become overdrawn, the system according to the invention provides real-time tracking of a player's available funds in relation to offers accepted by other players. At the technical level, this may be achieved by enabling the betting server to correlate data in the bet database with data held in the account database in real time transactions so that the acceptance of offers, i.

This is achieved by computing the bet exposure on all accepted bets and adjusting the funds available accordingly, and by the use of the theoretical exposure calculation, which compares a multiple, for example , of the amount held in the player's account with the theoretical exposure, i. This enables a player to make offers which, if they were all accepted by other players and the bets then lost, would expose the player to a liability of times the amount in their account. The way in which the betting server forming part of the system of the present invention may operate will depend on the programming, and the detailed programming may be produced by those skilled in the art to suit the particular requirements of any promoter or system operator of the betting system of the present invention.

The way in which the promoter earns money from the system can be any permissible combination of subscription, commission, or other charging mechanism. The way in which systems according to the present invention enhance use of players' funds by not cutting off potential transactions due to ostensible lack of fundability, means that the player's money is put to best use and maximum use, in turn benefiting both player and system operator.

The betting system of the invention is thus characterised by programme means having a core functionality enabling the system to compute the bet exposure and the theoretical exposure on a market for a given player, and to remove offers made by that player from the bet database if the theoretical exposure exceeds their account balance by more than is stipulated by the exchange operator. The theoretical and bet exposure of a player on a market with disjunctive selections, i. In these equations:.

From the formula, it can be seen that, when backing a selection apart from the stake, the exposure is affected only if the bet is on the selection with the least rawWin. For lay bets, the change of bet exposure apart from the stake is rebateLay b,w,s,u for player u betting stake b against selection s to win w and can be computed as:. In betting systems according to the invention, the above equations are calculated and continuously updated.

This may be effected using standard programming, but, in order to do so, the betting server has to be programmed to acquire data both from the bet database and from the account database which contains details of the player, and the amount of money in the account database standing to that player's credit. This can be continually repeated with fresh calculations being done each time the player decides to take up a betting offer from another player and each time one of the offers made by that player is actually taken up by another player.

The multiple could be varied by sport or by bet type. The system may also be programmed to enable players to decide how their offers are cancelled. For example:. The invention is further explained and illustrated with reference to the accompanying drawings in which:. Turning first to FIG. The broad internal arrangement of the betting server is shown in FIG. As can be seen, it is connected to the Internet 9 and the programme is such that the server provides a website which is used by the players as will appear in more detail below.

Because it is a website-based system that is illustrated, the betting server contains a plurality of web processors 12 which deal with the interaction between the server and each player via a conventional graphic user interface, and which are in turn connected to a number of further processing units inside the server.

Racegoers are reminded though that Stewards may require access to information from their laptop or other electronic device or records to assist with inquiries being conducted by the Stewards. Events approved for betting are those sporting or other events declared by the Minister under Section 18 of the Betting and Racing Act to be declared betting events.

If approved, bookmakers may transact bets on declared betting events during their usual business operating hours subject to certain conditions. Events betting bookmakers operate either part time casual or full time on betting events detailed in the approved schedule of declared betting events, and any Events Betting Rules or Conditions, issued by the Minister for Better Regulation and Innovation. Under section 20, the Minister determines the bet types which bookmakers may offer on each event.

With respect to events betting, Tabcorp NSW Division and bookmakers operate under separate - but similar - sets of Rules. Under the Rules, betting disputes involving either category of wagering operator are referred to the Events Betting Disputes Panel. This set of rules applies to all bets made with authorised New South Wales events bookmakers from 31 December The Schedule of Betting Events and Approved Forms of Betting is a table of the events which have been approved for events betting by the Minister under section 18 of the Betting and Racing Act.

This forms a schedule to the Bookmaker Events Betting Rules. The table also sets out the forms of events betting eg. Head-to-Head, Margins which events betting bookmakers are permitted to offer. Bookmakers wishing to conduct futures pre-post race betting, single or multi doubles can do so in two forms:. Race day futures- means on a racecourse or betting auditorium only during usual race meeting hours; 2. Race day futures - applies to bookmakers who wish to offer a raceday only service to their face-to-face, telephone or Internet clients.

This form of betting is popular with country bookmakers during a feature carnival meeting, whether on local or Metropolitan events. Markets must be displayed where possible or available on request. Betting Premise or Office futures — applies to bookmakers operating from approved betting premise or authorized betting office.

In this case, Futures betting is conducted on Feature races in advance, or on regular Saturday races after acceptances are declared for the meeting. Betting on both single and multi events is permitted until jump time of the event or the 1st leg of the multi bet.

For feature races, betting usually commences after nominations for a particular race close. However, bookmakers may offer betting before nominations close for the particular race, on the condition that if your horse is not nominated a full refund is payable or credit bet by agreement.

Betting is "all in" between close of nominations and final acceptance time. Final acceptances are usually declared two, three or four days before a feature race. For bets placed after final acceptances, if a horse is scratched or declared a non-runner in the race, refunds and deductions may apply. Auditoriums usually offer bookmaker and TAB services on non-race days. Racing industry auditoriums are currently operating at Randwick racecourse Wed - Sun except when a race meeting is being conducted and some Mon - Tues, and at Broadmeadow Newcastle racecourse on Saturdays and public holidays when a race meeting is not being conducted.

Auditoriums are also conducted by Ministerial approval at many country racecourses on Melbourne Cup day. The usual betting conditions applying to bookmakers are in force at betting auditoriums. Additional bookmaker guarantee arrangements apply to the face-to-face operators in the Randwick Auditorium. See also the Betting and Racing Act A bookmaker may operate a second stand on the same racecourse without requiring additional guarantees.

A bookmaker is permitted to operate in the capacity of a bookmaker clerk upon obtaining a bookmaker clerk licence. Applications must be accompanied by the appropriate guarantees, as issued by the NSW Bookmakers Co-Operative or other.

Metropolitan area: The number of applications being granted for a substitute clerk to field on behalf of a bookmaker in the metropolitan area on Saturdays and public holidays will be limited to six meetings per year calendar. Notwithstanding that further applications may be granted by RNSW due to exceptional circumstances. Country region Bookmaker clerk day licenses in the country region are considered on application under the following conditions;.

Due to the large number of race meetings and betting auditoriums conducted on Melbourne Cup day in NSW, the following policy applies:. Non metropolitan bookmakers are permitted to operate the following stands on Melbourne Cup day only:. Metropolitan Bookmakers may field at Randwick racecourse only, provided that those metropolitan bookmakers who usually field at Rosehill race meetings will be permitted to have on agency in operation at Rosehill on Melbourne Cup day.

Race clubs may make application to RNSW and regional stewards for permission to conduct call of the card betting on a licensed racecourse. The event usually takes place one or two days before a significant feature race, and Stewards are in attendance to supervise the event.

Only bookmakers who are fielding at the race meeting at which the feature race is to be held are eligible to operate at the call of the card, except at the events listed below that are conducted at the Randwick auditorium, in which case bookmakers who are fielding at a NSW race meeting on the corresponding day at which the feature race is to be held are eligible to operate at the call of the card.

Bets accepted at the call of the card are recorded in a betting ledger on the day and submitted to stewards. The racing industry betting auditorium at Randwick may conduct annual call of the card functions on the following events:.

Racing NSW Stewards will be in attendance. All bets will be recorded on a central ledger. All bets to be made in cash, unless credit arrangements with that Bookmaker have been put in place and confirmed. Bookmakers will be required to issue a receipt, voucher or ticket to the punter, thus confirming the bet. Betting limits refer Rules of Racing apply - 4. In the event of late scratchings, monies will be refunded and the scale of deductions will be applied see Rules of Racing.

Only Bookmakers who are fielding at a NSW race meeting on the day that the feature race is conducted are eligible to offer odds at the Call of the Card. Each bookmaker bet is to be entered at the start of the meeting when fielding on the corresponding day 8.

Rules pertaining to betting on Emergencies. The Emergency Runners will be offered at the conclusion of betting on the acceptances for the race according to the following rules:-a. In the event that any of the Emergencies do not gain a run, all monies wagered on them will be refunded and no deductions will apply to bets laid on the current acceptances. If there is a scratching from the current acceptances and either or all of the Emergencies gains a run, deductions will apply to all bets laid on the remainder of the current acceptance as per rule 4 but no deductions will apply to the Emergency Runner s.

Bookmakers may conduct multi venue betting without displaying a separate betting board for each venue. Bookmakers who elect to offer multi venue betting in this format must display the Multi Venue sign, and shall accept wagers on every race scheduled on the main New South Wales, Victorian, Queensland and South Australian programs. Patrons may request a quote of a price if the bookmaker is not displaying odds for the particular race in question.

Such approval will not be granted unless:. The bookmaker undertakes not to accept bets from persons who reside in the country where the race meeting is being held. Irrespective of the above, approval will only be granted where RNSW considers it to be in the public interest for this service to be provided. Field against the favourite betting, previously allowed in NSW, is not permitted to be offered by bookmakers. The Rules of Racing require a price to be displayed for each runner in a race.

However, if a bookmaker is unable to source a suitable double column betting board allowing individual Win and Place prices to be displayed for all runners, the following applies:. In scenario i , which will usually apply with race fields of 12 or less, bookmakers are required to clearly display the following signage: "Win and Place betting Place - dividend on lower section of the Betting Board".

Bookmakers wishing to conduct jockey challenge betting must be authorised events betting bookmakers. Application to conduct carnival jockey challenge betting shall be made in advance to Racing NSW stewards and shall not proceed unless first approved. As a consequence Local Rules 91A and 91B, which describe the obligations of Bookmakers and of customers making application to a bookmaker to open an account, were amended. Betting Account Application Pro-forma Form can be downloaded here.

Racing controlling bodies of the three codes are responsible for granting approval and setting fees for the use of NSW race fields information by licensed wagering operators.

WWW SBOBET ASIAN HANDICAP SPORTS BETTING

The clients illustrated in FIG. Some embodiments provide for a thin client that is designed to maintain minimal logic in the client. Precise visual and functional control of the user interface in real-time is possible without ever needing to redistribute or reinstall client software. From changing fonts, colors and button functions to adding new games, almost any element of the client experience can be managed instantly from the server.

Colors, fonts, background images and even sounds within the client can be customized for or by an operator, a given machine or bank of machines, location of a mobile device, etc. Each of these modules, components, or databases can be embodied as special-purpose hardware e. For example, in one embodiment, rules engine and event module can be combined into a single module for identifying and enforcing various rules and event policies on a player terminal. Gaming clients may connect to a gaming server A- N using gaming interface Gaming clients may be able to download or have preinstalled firmware or software from the gaming server that allows the gaming clients to play one or more games.

Types of games that may be accessed through a gaming interface e. Non-limiting examples of such games may comprise a variety of games e. In some embodiments, the players may be able to select the game played in the gaming session and a game of skill to be played in the bonus round.

The game session may be a tournament, which may be a single-table tournament or a multi-table tournament. The games may allow for peer-to-peer play or allow for customized betting on external events e. Transactional data related to wagers may be stored in block chain ledgers. Examples of wagers comprise but are not limited to: unique prizes, game-specific points, currency physical and digital , virtual goods and digital goods e. Pending transactional data, digital wallets, funds, wagers, etc.

As such, blockchain may track how many times they have been accessed and then deny or restrict future access or change the access criteria e. The distributed ledger can be used to keep track of locations a player has visited or records of which players have visited a specific location e. As a result, elements of a virtual world, visits, access, and other information can be tracked on an auditable trail on the distributed ledger e.

In some embodiments, a third-party repository may payout prized or bets identified within a private blockchain. The software may require a connection to a gaming server e. In some embodiments, the gaming server may manage or host the game. In other embodiments, gaming clients may run the games independently and report activity back to a gaming server. The gaming client can record various activity e.

A hybrid blockchain runs on the open internet and is accessible to anyone like a public blockchain, but the hybrid blockchain uses a smaller set of validators and is more targeted towards a specific use case like a private blockchain. While the nonhomomorphic encryption may provide stronger security properties, the use of homomorphic encryption would allow computation on encoded data without decryption. As a result, various components of the gaming system can interact and operate on portions of the data without exposure of sensitive data.

Other embodiments may use multiple levels of authentication and trust to either retrieve or add data to the system. Similarly, remote gaming terminals e. Certain information may be available to all users, while other information may have higher trust or verification requirements.

In some embodiments, individuals, machines, third-parties, etc. For example, an auditor may be allowed to view all player information, casino information e. As another example, a manager of a casino, an executive team, higher level management, or certain regulators or auditors that are overseeing a player may be granted access to KYC and AML information, but not other information stored on the multi-ledger system.

A person responsible conducting a tournament, for example, will not be able to see this information and may instead on get summary or aggregated information regarding the tournament e. Tournament players, for example, may only be able to see pictures or confirmation of matches of a biometric data. Similarly, other players may only be able to see advertised play rates that are retrieved from the ledger. In some embodiments, they system may include a master blockchain that records all of the available information.

Portions of the information may be combined or duplicated to additional blockchains that allow access to different third-parties. For example, some embodiments may scrub personal identifying information and publish certain information e.

Some embodiments may partition the blockchain into different segments that allow access e. Some embodiments allow data to be shared between auditors, casinos, banks, and the like. The specific type of information to be shared can be customized and set using various permissions and access control layers.

For example, party information, escrow data, deal data, and the like can be shared on a hybrid ledger, but may not be visible on the private ledger e. Regulators and auditors can see the full transaction details to make sure they are legally compliant and reporting properly. Part of the information could be on public blockchain to allow players to see published payout rate and feel like they are being treated fairly. Payouts may be visible on the public blockchain without any personal identifying information.

This data could be retrieved and viewed by various systems or players. Some embodiments may use cashless wagering. Some other info e. A reservation does not need access to credit card on private blockchain to make the reservation, but instead uses the public blockchain information and then credit card data can be accessed for payment from the private blockchain to pay for dinner. Monitoring mechanism can monitor game play and player activities.

This can include receiving information from external sources such as, but not limited to, gaming clients , video surveillance systems, loyalty card systems, key engines, biometric sensors, and other external systems. For example, when a player accesses a gaming terminal and desires to enter a wager e.

This type of data may be further used during consensus evaluation to verify transactions e. Rules engine can superimpose rules on the games or betting interfaces being presented on gaming clients These rules can be based various policies e. This information can be used by report generator to create customized reports.

Event module can be used to create customized rewards for players. The rewards may be stored within blockchain in records The games may be able to access these records e. These may be local stores of data retrieved from records associated with blockchain In addition, gaming servers A- N and blockchain can connect with trusted data sources for validation of external events e.

As shown in FIG. In one example, a gaming client may be a collection of components in a stand-alone computing device such as terminal FIG. In other examples, gaming client may be a configuration of components operating as a gaming console e. In yet another example a gaming client may interface with a client computing device such as a computer, tablet, smart phone, etc. In alternate examples, components of a gaming client may interface in a distributed configuration, where components are connected over a network connection.

Additional components of gaming client may include data storage component e. The various components may be interconnected via a bus. Memory can be any device, mechanism, or populated data structure used for storing information.

In accordance with some embodiments of the present technology, memory can encompass any type of, but is not limited to, volatile memory, nonvolatile memory and dynamic memory. In addition, those of ordinary skill in the art will appreciate many additional devices and techniques for storing information which can be used as memory Memory may be used to store instructions for running one or more applications or modules on processor s Processor s are the main processors of player terminal which may include application processors, baseband processors, various coprocessors, and other dedicated processors for operating player terminal For example, an application processor can provide the processing power to support software applications, memory management, graphics processing, and multimedia.

An application processor may be communicably coupled with memory and configured to run the operating system , the user interface, and the applications stored on memory or data storage component These processors, along with the other components, may be powered by power supply The volatile and nonvolatile memories found in various embodiments may include storage media for storing information such as processor-readable instructions, data structures, program modules, or other data. Operating system can also provide common services for software applications running on processor s According to the embodiments shown in FIG.

Each of these modules can be embodied as special-purpose hardware e. For example, in one embodiment, identification module and policy enforcement module can be combined into a single module for identifying and enforcing various policies on a player terminal. As another example, some embodiments may include additional modules or components not illustrated in FIG. In some embodiments, this information can be stored within the blockchain as a way of tracking user activity.

In some embodiments, this information can be used by policy enforcement module which can set customized collusion avoidance policies from that can, in some embodiments, be dynamically set e. In some embodiments, policy enforcement module can retrieve policies from a blockchain using blockchain interface or from a database associated with a gaming server using network communication module In accordance with various embodiments, gaming module can also include a betting engine that allows the player to place bets.

In some embodiments, betting engine may use custom bet module to create customized bets between two or more players or between a player and the house. For example, custom bet module could present a graphical user interface that allows users to create customized bets with specific betting amounts, conditions, validation sources, and the like. In one instance, the graphical user interface may be adapted to enable user to select a wager type e.

For instance, a user may elect to make a bet in a casino style game, bet on an occurrence of an event or series of events or individually define the terms associated with the bet. A user may initiate a customized bet on anything under the sun. In one example, a user may make a bet with his friend as to whether it will rain in a specific location on a given day. Further, the graphical user interface may be adapted to enable users to set specific conditions or parameters associated with a bet.

Virtual goods comprise non-physical objects and currency, which are used in online communities and online games. Betting wallet can keep track of individual games played and bets made by a player. In some embodiments, collusion detection may be running during game play or upon completion of the gameplay before any winnings are paid out. The user can also customize the bet to define a validation source for validation of the outcome of a bet. In some embodiments, registration operation may include presentation of a graphical user interface to collect information about the player.

Player registration with a gaming platform operation may comprise a user registering a user account with the gaming platform. Some users may be affiliated with multiple user accounts or a group account. Entry operation can then create an entry in the distributed multi-ledger system e.

Using initiation operation , a player can initiate a game from a gaming client within initiation operation and recordation operation can create a record of the gaming activity to be stored in the multi-ledger system e. Such data may include customized data as entered by the player including the selection of specific data fields of to customize the bet as well as possible entry of data fields that are customized by the user. Such data may be included in a block record of a blockchain.

In some instances, a hash value for block may be determined from wager-specific data fields or other data fields e. A hash may further complete previous blocks, of a blockchain ledger, where creation operation of a record may associate a transaction for a customized bet with one or more other transactions as well as create a block a block for the transaction s from a previously created block of the blockchain ledger. In other examples, biometric data, video or audio data may be collected, e.

Such data may be utilized to validate that a specific user is authorizing the customized bet as well as utilized in a consensus determination, by nodes, to validate a block of a blockchain ledger. In other instances, signal data associated with a user account, such as security questions, PIN numbers, etc. Any signal data collected may be done so abiding with privacy regulations and with user consent. The player terminal can broadcast the record to various gaming nodes for validations during broadcast operation Broadcasting operation of the record may make the record available for validation, where gaming nodes may execute a determination as to whether the block, that comprises the transaction record for the customized bet, should be added to the blockchain ledger.

Broadcasting operation of the record may further comprises randomly selecting a group of nodes to validate a created block for addition to the ledger. This may occur through execution of code associated with a blockchain protocol for the gaming platform. In some cases, gaming nodes may ping the gaming platform to indicate availability for validation of a block for addition to the ledger. A blockchain protocol, associated with the gaming platform, may select a plurality of gaming nodes to validate a block.

In some instance, the blockchain protocol may call for selection of a group of gaming nodes, where an additional level of curation is executed on the selected group to determine a subset of multiple nodes to actually execute validation of a created block. This may help to ensure randomness in block validation and deter potentially fraudulent activity. Flow of the set of operations may proceed to operation , where it is determined whether a consensus has been reached by the gaming nodes for adding the block to the ledger of the gaming platform.

As indicated in the foregoing description, a blockchain protocol may be implemented to validate addition of a transaction to a distributed ledger e. As identified in the foregoing, a grouping of gaming nodes may be used to validation the block for addition to the ledger.

The blockchain protocol may be implemented to request that the created record be validated via a consensus decision of the subset of the gaming nodes. A consensus determination is an agreement amongst a majority of gaming nodes e.

A consensus determination is configured to ensure that blockchain ledgers are evaluated in a decentralized manner. The number of nodes that need to agree, for a consensus agreement, may be set by developers and defined through the blockchain protocol. In one instance, at least six 6 of the gaming nodes may be required to agree that a block is valid for addition to a ledger in order for a consensus to be reached.

However, any number of nodes may be set for a consensus decision without departing from the spirit of the present disclosure. A subset of the gaming nodes may be configured to individually executes code to reach the consensus decision. Consensus decisions may be reached through implementation of a proof algorithm. In one example, the consensus determination comprises validation of a cryptographic hash, associated with creation of the customized bet, by the subset of the multiple nodes.

In another example, the consensus decision may comprise validation of a cryptographic puzzle associated with cryptographic hash. Difficulty in solving cryptographic puzzles may vary based on the amount of transactions e. In further examples, the consensus decision comprises confirmation that the record of the customized bet has not already been added to the gaming platform e. In additional examples, the consensus decision comprises validation of one or more of: biometric authentication of the player, authentication of image data associated with the player; authentication of video data associated with the player and authentication of audio data associated with the player.

This may provide further measures of validation to confirm that a bet was validly made. Validation of additional measures may occur in addition to a cryptographic hash evaluation for a created block. In examples where a consensus is achieved amongst the gaming nodes utilized for block validation, flow of the set of operations may proceed to operation where a record is added to the blockchain ledger.

The record can include a variety of gaming and terminal characteristics e. The recorded block may used as a basis to add subsequent blocks to the ledger as well as for reference to validate transfer of funds based on a determined outcome of a bet. When determination operation determines that a consensus has not been reached, then determination operation branches to request operation that requests access to local storage and rebroadcasting of the record.

In one example, a request for access and rebroadcasting may occur after a predetermined time period elapses before record data e. For instance, operation may comprise requesting a locally stored copy of the record to be rebroadcast for validation. A locally stored copy of the record may be retrieved from a gaming node that created the block.

In some examples, a rebroadcasting operation comprises re-propagating the record to a new set of gaming nodes for executing a consensus determination. In another example, operation comprises re-evaluating the block and associated data by the same set of gaming nodes. In yet another example, operation comprises recreating a new block, where a transaction record is included in a new block that is subsequently evaluated e.

In accordance with various embodiments, a hash may be created for each entry in the ledger. For example, a SHA Secure Hash Algorithm may be used as a cryptographic hash function to create a one-way, essentially collision free signature of the entry. The SHA algorithm generates bit byte hash. Using hashing function , hashes are created of these transactions which are then added to blocks A- N within the block chain. For example, the following entry may be made into the transaction ledger:.

The output of this entry from hashing function that uses a SHA hashing algorithm would be:. This hash value can then be incorporated within the immediately subsequent entry to effectively create a tamper proof system as illustrated in FIG. In some embodiments, the entry may also include additional information such as, but not limited to, cryptographic signatures, pointers e.

The first block in the chain can be referred to as the genesis block since this is the first record originating in the distributed ledger. Identification operation can identify any rules or restrictions need to be imposed. These rules and restrictions can be used in the creation of a customized betting contract by creation operation The customized betting contract can be presented to all parties for review during presentation operation When determination operation determines that any one of the parties does not accept the contract, then determination operation branches to creation operation where the customized betting contract can be modified operation When determination operation determines that all of the parties have accepted the contract, then determination operation branches to addition operation where a block is added to the blockchain ledger representing the betting contract.

When a customized bet is created, e. For example, processing operations previously described may be utilized to create a block for addition to a blockchain ledger. A consensus decision, amongst gaming nodes, is executed to validate the addition of a block that comprises data for the customized bet to a blockchain ledger of the gaming platform.

Once a block is validated for addition to the blockchain ledger, flow may proceed to operation , where a block, representing the betting contract, may be added to the blockchain ledger. As indicated in the foregoing description, a block comprises data for a betting contract but may also include data related to other betting contracts e.

At operation , fund modification is executed based on the betting contract. For instance, player accounts and any other affiliated accounts such as bank accounts may be updated to hold wagered content, funds e. As an example, a representation of the customized bet may be added to a mobile wallet capable of tracking customized bets.

The representation includes a pointer to the record created for the customized bet in the gaming platform e. In other examples, betting may occur with in-game virtual goods, where players may wager and risk virtual goods such as characters, attributes, badges, skins, crates, power-ups, affiliations, rank, etc. The gaming platform may be configured to automatically execute code to determine an outcome of a betting contract. For instance, this may occur based on the occurrence of a triggering event.

A triggering event may be specific data that, upon satisfaction, enables the outcome of a bet to be determined. In one example, a triggering event may include a specific date and time upon which an outcome of a bet is able to be verified. For instance, a bet may be made between two users over a football game that occurs on a specific date and time. However, triggering events are not limited to time-based examples. The gaming platform may implement one or more components for executing a verification engine that is configured to detect the occurrence of a triggering event as well as validate an outcome of a placed bet.

For instance, the verification engine may execute pre-programmed code that is useful to access resources to evaluate parameters of a betting contract. As an example, the verification engine is configured to parse data associated with a record created for a bet. At a later point in time, the verification engine is further configured to execute processing operations to confirm an outcome of a bet through the validation sources identified in a betting contract.

A result of that execution determines an outcome of the bet. As referenced in the foregoing, more than one validation source may be utilized to verify a bet, where a consensus may be determined from a plurality of validation sources, leaving less likelihood that a determined outcome is incorrect. Determination of an outcome comprises determining a winner operation of the betting contract.

In some alternative instances, it is determined that the conditions of the bet are not satisfied or there is no winner e. In such cases, a notification may be presented to the players indicating the outcome and any escrowed funds may be returned to the respective player accounts.

In addition, this information indicates who will be responsible for the bet. In examples where a winner is determined from a bet, payout amounts are distributed operation to the player account of the player who won the bet. Payout can occur with anything of value such as, but not limited to specific currencies e. Player accounts may be automatically updated in response to determination of an outcome of a bet.

Example would be Jordan and Jason bet on the Super Bowl. The contract would be in place holding the money. Automatically, at end of Super Bowl whoever the determined winner would be paid per the instructions of the smart contract. The smart contract processes the bet and returns the win directly to winner's wallet. Example would be if a player bets on different games such as roulette or craps where an algorithm is used. Example would be betting on who will be the next President of the United States, who will win American Idol or some other sort of social, political or economic event that will occur in the future.

If Jason bets that Mark Cuban will be the next President of the United States and Jordan chooses the next President will be Steve Bannon both of which running on the Republican ticket than odds are established for reach bet. The casino or bookmaker who took the bet would establish odds based on a future event and its outcome. If Jason is correct than his money would be automatically transferred to his wallet. If Jordan was correct than his bet would automatically be transferred to his wallet.

The bookmaker would hold the money bet by both Jordan and Jason. Their wallet would be ultimately responsible for payout which would occur automatically. Now if the bet was made peer to peer or between Jordan and Jason directly than whoever wins the bet would automatically have that money bet sent to their respective wallet.

If for example Steve Bannon does not run for president than Jordan would automatically lose as Steve Bannon never ran in the first place. Similar to instances where a record of a customized bet is created and added to a blockchain ledger, additional transactional records may be created and added, to a blockchain ledger, when an outcome of a bet is determined, and payout issued.

At operation , a record for a payout transaction is published for addition to a blockchain ledger. Record creation, such as creation of a block for a blockchain ledger, and publication of records have been described in the foregoing description. The published record may be broadcast operation to gaming nodes for validation as to whether to add the record to the blockchain ledger.

For instance, a block that comprises the transaction record for payout may be created and published for validation. A consensus determination determination operation may be executed by a subset of gaming nodes to determine whether to add the block to the blockchain ledger. Examples of consensus determination processing has been provided in the foregoing description.

In examples where the block is not validated, flow of determination operation branches NO and the set of operations proceeds to operation At operation , a request is made to a local storage to rebroadcast receive the created record, where the created record is rebroadcast, from a gaming node that created the record, to other gaming nodes for execution of a consensus determination. In some alternative examples, a record for a payout transaction is re-created as there may have been an error in generation of a block that comprises the payout transaction.

Flow of the set of operations may then return to operation , where the record is re-published or recreated. In examples where a consensus determination validates a block that comprises the record of the payout transaction, determination operation branches YES and processing of the set of operation proceeds to operation At operation , the record e. Blockchain technology allows a network of computers to agree at regular intervals on the true state of a distributed ledger.

Multiple different ledgers may be kept, based on various purposed. The blockchain may use hashing algorithms e. As identified in the foregoing description, a ledger may further comprise additional fields not shown that relate to customized parameters associated with a specific bet.

Some embodiments of the present technology can utilize graphical user interface to access games and to perform system level functions such as deposits and cash-outs. Through the client device, the graphical user interface can provide a visually consistent, intuitive and flexible framework for delivering a full gamut of gaming experiences.

Client navigation can be based on an easily traversable hierarchy: a player selects a game, is taken to that game's lobby, and then chooses a table, match or tournament. Interface queues including transition animations and sounds help players move effortlessly through the navigational structure. Each game link can display real-time information about the game such as active players, tables and tournaments.

Some embodiments may include a custom bet link that facilitates the creation of customized bets that can be stored in the ledger as a smart contract between a player and another party e. The graphical user interface shown in FIG. Computerised Betting System Opens in new window. Description You will require this approval if you operate as a bookmaker and intend to offer a computerised betting system. Please consult the Contact Officer for more information. Service type.

Eligibility requirements. To be eligible for this approval you must: hold a current Bookmaker's Licence have received approval from the Agency of the computerised betting system you intend to operate provide any relevant documentation or information required. Please consult the Contact Officer for more information regarding eligibility requirements.

Must Have Bookmaker's Licence. Act s name. Regulation s name. Administering agency. Contact details.

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An application is not considered lodged until the fee has been received. Application fees are not subject to GST. Applications will not be progressed until the fee is received. Generally the application fee is not refundable, even if the application is refused or withdrawn. When lodging an application for a authorisiation to conduct telephone betting on sports or racing events the following information is to accompany the application:.

Close menu. Main navigation. Skip to main content. Internet betting Lodgement guide for conducting internet betting on sports or racing events. Betting Control Regulations 74, 75 and 76 Internet betting has been established as an extension of normal bookmaker activities and as an authorised activity by licence endorsement.

Legislative and operational requirements for the conduct of an internet betting operation There are a number of pieces of Commonwealth legislation, and codes of conduct developed pursuant to legislation, which impact on the conduct of internet betting. Some of these include: Interactive Gambling Act Privacy Act Financial Transactions Act Broadcasting Services Act Electronic Transactions Act The rules governing the use of the internet as a business tool are constantly being reviewed, updated and expanded.

It is the responsibility of the bookmaker to ensure that all statutory obligationsare observed. An internet betting system shall not be used unless its configuration and output has been audited and approved by the commission. An approved internet betting system shall not be modified or changed unless consent for the specific modification of change is obtained from the commission.

Any internet betting using an approved internet betting system shall be conducted in accordance with any further conditions that are imposed by the commission. Any internet bet using an approved internet bet system shall be confirmed in the following manner: The details of a bet requested by a client are to be transmitted back to the client for acceptance.

Once the client acknowledges acceptance, a printable screen confirmation message is to be sent to the client. Duplication of the bet confirmation is to automatically be sent to and stored at a control site usually the Stewards. This can be by e-mail or electronic message.

Where an internet bet is not confirmed in the manner and time approved by the commission, that transaction does not constitute a valid bet. Effective from 6pm tonight, Sunday, 31 January until 6pm Friday, 5 February, the Perth metropolitan area and the Peel and South West regions will enter a 5-day lockdown , based on health advice. These measures are being implemented due to a fast evolving situation in Western Australia with the positive COVID case detected in a hotel quarantine worker.

For more information, please see the announcement. Regulation 37 of the Betting Control Regulations makes provision for the recording of all betting transactions. However, with the progress of technology, these transactions can now be undertaken with the assistance of a computer. Regulation 37 5 enables a bookmaker to lodge an application with the Gaming and Wagering Commission of Western Australia to seek approval to use a computerised betting system to facilitate the recording of betting transactions.

Prior to the Commission granting approval for the use of a computerised betting system, it must be satisfied that system you intend operating has been audited by an Inspector of the commission and meets the required output demands.

An application is not considered lodged until the fee has been received. Application fees are not subject to GST. Applications will not be progressed until the fee is received. Generally the application fee is not refundable, even if the application is refused or withdrawn.

When lodging an application for a authorisiation to conduct telephone betting on sports or racing events the following information is to accompany the application:. Close menu. Main navigation. Skip to main content. Computerised betting system Lodgement guide for conducting a computerised betting system. Betting Control Regulations Procedures for the conduct of a computerised betting system A computerised betting system shall not be used unless its configuration and output has been audited and approved by the Commission.

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Since the ancient times, sports events have been gathering crowds of fans, some of them were betting on a particular participant. Since then, lovers of gambling are trying to get more and make a profit from their hobbies. The bookmaker business is based mainly on the ability to assess the situation associated with a certain event, which attracts the gamers to make their bets on. The main operating link is the analyst department.

The competent specialists who can correctly calculate the relevant coefficients are really valued. The work of these people is to gather information, build a clear strategy and form a sports line. The main principle is making a profit. In the case of an unmistakable work of the analytical department, the bookmaker will have good dividends. There are many systems that work successfully.

Using some of them, you can multiply your investments several times. You will be required to have an impressive package of documents and meet the serious financial requirements. As you understand, these requirements are almost impossible for many entrepreneurs. Therefore, the easiest way is to fit into the license of any existing large bookmaker company and open a branch of the bookmaker office.

Becoming a partner of an established organization, you will protect yourself from all sorts of problems associated with opening your own business. In order to get the maximum profit from the company, you need to try to find a promoted market with the minimal competition.

If this is not possible, then you have to be prepared for opening at least 5 - 6 bets accepting points to achieve the proper profitability. Thus, draw conclusions on how soon you can return the money invested and start earning.

In order to open a bookmaker's office, you need 5, to 15, dollars. This includes rent for a room, repair costs, purchasing the necessary office equipment and Internet connection. In this case, you can expect to receive a profit of - dollars per month from 15, dollars turnover.

In your business plan, you need to be prepared for the fact that you will not make a profit immediately. The payback for this project is approximately 1 year. In order to protect the business from the bankruptcy, at first, you need to use the services of analytical agents, who will follow the whole process and provide the relevant advice.

The bookmaking startuppers particularly require such king of qualified assistance, since the crowds of professional players can rush to the inexperienced competitors to extract the maximum profit out of them. As in any other business, you can face some difficulties and problems that hamper the effective operation of your office. Besides, attacks of the experienced competitors may pose potential some risk. All players are conditionally divided into 2 categories: pros and amateurs.

The professionals act very subtly. Their tactics may not even be entirely legitimate. You should be aware of such clients. Having the necessary information, they can put huge sums and damage your enterprise.

Fighting such people is very difficult and sometimes even impossible. In this case, it is very important to have an experienced bookmaker who can properly identify and calculate potential damage. To open an office in order to accept bets, you can take any room with an area of 20 sq.

The area should be selected in a way to place at least one workplace with a table and a computer. You can start with a room having an area of not more than 10 sq. The equipment may include only a table, a chair, a computer, a printer, a cash register and the Internet access.

A bookmaker office can be placed even in a small space of 5 m2. All that is needed to conduct this kind of activity is a workplace for the manager and a good monitor with a computer for tracking different bets and competitions. Opening such office on a separate site, you need to consider the requirements of the law. Sweepstakes and bookmakers cannot be situated in the healthcare, educational, sanatorium-resort institutions.

Such offices cannot be also located in temporary or residential buildings. To conclude an agreement with a licensee company, you are required to provide LLC registration certificate, a lease agreement, and different official guarantees of compliance with the legal requirements. If you want to limit yourself to only one manager to accept the bets, this would not be easy, it is better to hire two employees for shift work.

Their wages can average between to dollars. As for the wages, do not try to cut corners on them, otherwise, your subordinates would not show the required performance. Going to a higher level, you have to acquire an own staff of sports analysts in order to determine the bookmaker line with the highest possible precision.

Thus, your odds will be even more attractive to your gambling customers. If you want to create your own analytical service, you have to negotiate each of them individually, as there are no fixed quotes for this segment of the market. The minimum staff number shall include a cashier and a manager accepting bets. The optimum number of employees is 3 - 5 persons. The average figures to be used when starting your own business can range from to 15, dollars.

It all depends on your vision and the availability of funds. The minimum amount includes expenses for premises, cost of office equipment, cable equipment, cash register, advertising, staff salaries, repair of rent etc. Instead of arranging a staff of analysts, the small branches of bookmaker offices prefer to buy the special software. There are a great number of different proposals, although they differ little among themselves.

However, the coefficients for sports events are often adapted from the others. Thus, you cannot attract customers with possible profits. Still, you need to have a computer, monitors and a TV. Advertising is relevant on the profile websites, stadiums, in all kinds of sports bars, at racetracks, as well as in other places where it should bring results. All possible costs for advertising may depend on their scale and on the advertising prices themselves.

Bookmaker business can be launched even with a small startup capital if opening an office using an affiliate program. You can also open an office on the Internet. Many people consider this type of business to be seasonal, and there is a grain of truth here. A bookmaker office has the biggest odds to receive profits when the world championships are held. However, if the company has its own permanent customer base, then it does not depend on any seasonality.

If you can find the strength and raise the necessary funds for opening a bookmaker office, you can expect good profits in the short term. Contact Bett-Market and get a relevant consultancy on all issues related to opening the bookmaker company. Order service. The turnkey solution on the sports betting website development and other options offered for sale are available for the Bett-Market customers.

By using this website you agree to use cookies as stated in the Customer agreement. Article writer: Elliot Clark How to Start Sport Betting Company: General Overview As many people search for any relevant guideline on how to start sport betting company, Bett-Market offers overview supported with the useful consultancy on such business ideas. Profitability of setting up a bookmakers The general bookmaking idea has a special feature: you have to open several points at once so that the business becomes profitable.

Betting business benefits: possibility of rapid initial capital increasing; earnings in a short period of time; earning in an honest way; a wide choice of betting systems. Bookmaking business management If we talk about the game process, usually small bets are to be made. The factors influencing betting company work The bookmaker business cannot be considered as a seasonal activity, however the winter and summer holidays in football, European championships are of great importance.

How to Start Sport Betting Company? Two ways of setting up a betting company There are two main possible ways to start a bookmaking business: Opening a bookmaker department in the office, engaging a staff of analysts, three or four specialists with the monthly payment of dollars. Leasing a line , if having good relations with an organization, which provides quotations. The software will cost - dollars a month.

How to start a bookie business: Registration You will be required to have an impressive package of documents and meet the serious financial requirements. How to start a bookmaking business: The issue of incomes In order to get the maximum profit from the company, you need to try to find a promoted market with the minimal competition. There are two common strategies to be based on: The higher the coefficient, the lower the profit of the office; The higher the coefficient, the more people will bet on football matches etc.

How to start a betting company: Troubleshooting As in any other business, you can face some difficulties and problems that hamper the effective operation of your office. How to start your own bookmakers: Premises and equipment To open an office in order to accept bets, you can take any room with an area of 20 sq. How to open a bookmakers: Necessary documents To conclude an agreement with a licensee company, you are required to provide LLC registration certificate, a lease agreement, and different official guarantees of compliance with the legal requirements.

How to open a bookies: Personnel If you want to limit yourself to only one manager to accept the bets, this would not be easy, it is better to hire two employees for shift work. How does it cost to start a sports betting company? All employees who process, record or approve bets, set or alter markets while working in approved betting premises, must be licensed by RNSW.

Also refer to section 16A of the Betting and Racing Act The office must be located on a licensed racecourse, and permission must be sought from the race club upon whose racecourse the office is be located. The authorised betting office is not to be open to, or available for use by the public or a section of the public. All employees who process, record or approve bets, set or alter markets while working in authorised betting office, must be licensed by RNSW.

Also refer to section 16 of the Betting and Racing Act Racecourse patrons are allowed to bring their laptops computers, iPads and other electronic devices onto NSW thoroughbred racecourses from August without restriction. Racegoers are reminded though that Stewards may require access to information from their laptop or other electronic device or records to assist with inquiries being conducted by the Stewards.

Events approved for betting are those sporting or other events declared by the Minister under Section 18 of the Betting and Racing Act to be declared betting events. If approved, bookmakers may transact bets on declared betting events during their usual business operating hours subject to certain conditions.

Events betting bookmakers operate either part time casual or full time on betting events detailed in the approved schedule of declared betting events, and any Events Betting Rules or Conditions, issued by the Minister for Better Regulation and Innovation. Under section 20, the Minister determines the bet types which bookmakers may offer on each event. With respect to events betting, Tabcorp NSW Division and bookmakers operate under separate - but similar - sets of Rules.

Under the Rules, betting disputes involving either category of wagering operator are referred to the Events Betting Disputes Panel. This set of rules applies to all bets made with authorised New South Wales events bookmakers from 31 December The Schedule of Betting Events and Approved Forms of Betting is a table of the events which have been approved for events betting by the Minister under section 18 of the Betting and Racing Act.

This forms a schedule to the Bookmaker Events Betting Rules. The table also sets out the forms of events betting eg. Head-to-Head, Margins which events betting bookmakers are permitted to offer. Bookmakers wishing to conduct futures pre-post race betting, single or multi doubles can do so in two forms:. Race day futures- means on a racecourse or betting auditorium only during usual race meeting hours; 2.

Race day futures - applies to bookmakers who wish to offer a raceday only service to their face-to-face, telephone or Internet clients. This form of betting is popular with country bookmakers during a feature carnival meeting, whether on local or Metropolitan events. Markets must be displayed where possible or available on request. Betting Premise or Office futures — applies to bookmakers operating from approved betting premise or authorized betting office.

In this case, Futures betting is conducted on Feature races in advance, or on regular Saturday races after acceptances are declared for the meeting. Betting on both single and multi events is permitted until jump time of the event or the 1st leg of the multi bet. For feature races, betting usually commences after nominations for a particular race close. However, bookmakers may offer betting before nominations close for the particular race, on the condition that if your horse is not nominated a full refund is payable or credit bet by agreement.

Betting is "all in" between close of nominations and final acceptance time. Final acceptances are usually declared two, three or four days before a feature race. For bets placed after final acceptances, if a horse is scratched or declared a non-runner in the race, refunds and deductions may apply. Auditoriums usually offer bookmaker and TAB services on non-race days. Racing industry auditoriums are currently operating at Randwick racecourse Wed - Sun except when a race meeting is being conducted and some Mon - Tues, and at Broadmeadow Newcastle racecourse on Saturdays and public holidays when a race meeting is not being conducted.

Auditoriums are also conducted by Ministerial approval at many country racecourses on Melbourne Cup day. The usual betting conditions applying to bookmakers are in force at betting auditoriums. Additional bookmaker guarantee arrangements apply to the face-to-face operators in the Randwick Auditorium. See also the Betting and Racing Act A bookmaker may operate a second stand on the same racecourse without requiring additional guarantees. A bookmaker is permitted to operate in the capacity of a bookmaker clerk upon obtaining a bookmaker clerk licence.

Applications must be accompanied by the appropriate guarantees, as issued by the NSW Bookmakers Co-Operative or other. Metropolitan area: The number of applications being granted for a substitute clerk to field on behalf of a bookmaker in the metropolitan area on Saturdays and public holidays will be limited to six meetings per year calendar. Notwithstanding that further applications may be granted by RNSW due to exceptional circumstances. Country region Bookmaker clerk day licenses in the country region are considered on application under the following conditions;.

Due to the large number of race meetings and betting auditoriums conducted on Melbourne Cup day in NSW, the following policy applies:. Non metropolitan bookmakers are permitted to operate the following stands on Melbourne Cup day only:. Metropolitan Bookmakers may field at Randwick racecourse only, provided that those metropolitan bookmakers who usually field at Rosehill race meetings will be permitted to have on agency in operation at Rosehill on Melbourne Cup day.

Race clubs may make application to RNSW and regional stewards for permission to conduct call of the card betting on a licensed racecourse. The event usually takes place one or two days before a significant feature race, and Stewards are in attendance to supervise the event. Only bookmakers who are fielding at the race meeting at which the feature race is to be held are eligible to operate at the call of the card, except at the events listed below that are conducted at the Randwick auditorium, in which case bookmakers who are fielding at a NSW race meeting on the corresponding day at which the feature race is to be held are eligible to operate at the call of the card.

Bets accepted at the call of the card are recorded in a betting ledger on the day and submitted to stewards. The racing industry betting auditorium at Randwick may conduct annual call of the card functions on the following events:.

Racing NSW Stewards will be in attendance. All bets will be recorded on a central ledger. All bets to be made in cash, unless credit arrangements with that Bookmaker have been put in place and confirmed. Bookmakers will be required to issue a receipt, voucher or ticket to the punter, thus confirming the bet.

Betting limits refer Rules of Racing apply - 4. In the event of late scratchings, monies will be refunded and the scale of deductions will be applied see Rules of Racing. Only Bookmakers who are fielding at a NSW race meeting on the day that the feature race is conducted are eligible to offer odds at the Call of the Card. Each bookmaker bet is to be entered at the start of the meeting when fielding on the corresponding day 8. Rules pertaining to betting on Emergencies. The Emergency Runners will be offered at the conclusion of betting on the acceptances for the race according to the following rules:-a.

In the event that any of the Emergencies do not gain a run, all monies wagered on them will be refunded and no deductions will apply to bets laid on the current acceptances. If there is a scratching from the current acceptances and either or all of the Emergencies gains a run, deductions will apply to all bets laid on the remainder of the current acceptance as per rule 4 but no deductions will apply to the Emergency Runner s.

Bookmakers may conduct multi venue betting without displaying a separate betting board for each venue. Bookmakers who elect to offer multi venue betting in this format must display the Multi Venue sign, and shall accept wagers on every race scheduled on the main New South Wales, Victorian, Queensland and South Australian programs. Patrons may request a quote of a price if the bookmaker is not displaying odds for the particular race in question.

Such approval will not be granted unless:. The bookmaker undertakes not to accept bets from persons who reside in the country where the race meeting is being held. Irrespective of the above, approval will only be granted where RNSW considers it to be in the public interest for this service to be provided. Field against the favourite betting, previously allowed in NSW, is not permitted to be offered by bookmakers. The Rules of Racing require a price to be displayed for each runner in a race.

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An approved computerised betting system multiple payment methods in our lengths depending upon the countries a complete and unique solution. Multiple Payment Methods We integrate not confirmed in the manner form and is to be delivered in a manner approved their bookmaker computer betting ledger systems payment gateway. Application fees An application is include push notifications, events, referrals. Betting tickets are to bear for conducting a computerised betting. Cheques are to be made develop futuristic greyhound betting solutions fee has been received. Submitting your application Ensure all is attached to your email. Admin Dashboard We have a comprehensive admin dashboard from where but at some places, people. Get your greyhound racing betting mobile app today with us. Computerised betting system Lodgement guide required documentation is attached to. Online You can submit online or electronic message.

In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The term originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for Virtually all bookmakers use computer software for ease, speed and accuracy. Bookmaker computer betting ledger systems Bookmakers operate at race meetings, in approved auditoriums or betting premises during pre-determined hours. Lodgement guide for bookmakers. Application for approval to use a computer betting ledger system, $ Application for offshore betting, $