THE RX.COM WELCOMES BETWORKS!!!

[SPIVE]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> In terms of the regulatory framework, please visit the website of the ACT Gambling and Racing Commission (www.gamblingandracing.act.gov.au). If you wish to see more about the legislative framework, we operate under the provisions of the ACT Race and Sports Bookmaking Act 2001 - (http://www.legislation.act.gov.au). (Go to Acts section and look up the Race and Sports Bookmakers Act) The detailed subordinate legislation that establishes and governs our activities can be found under the Disallowable Instruments section. As these instruments are somewhat fluid, we have not attempted to post direct links to our site.

I accept your suggestion regarding the linking of regulations with our rules etc. Please be aware that not every single action and process is governed by a specific government regulation. For example, The ACT's gambling code of practice (available from the Commission website) establishes broad guidelines regarding promotions and inducements (section 30). We have to ensure that anything we do is in accordance with the code - the code does not attempt to spell out everything that we can or cannot do. That would not be regulation - that would be strangulation. <HR></BLOCKQUOTE>


With regard to guidelines regarding promotions and inducements (section 30)...the following is the index from the ACT Race and Sports Bookmaking Act 2001, by which the guidelines regarding promotions and inducements could NOT be found.

Please provide specific website location/address containing the "promotion and inducement" (section 30) guildlines, or section as reference by index below....thank you.

Race and Sports Bookmaking Act
2001
Contents
Page
Part 1 Preliminary
1 Name of Act 2
3 Dictionary 2
4 Notes 2
Part 2 Race bookmakers and race bookmaker’s
agents
Division 2.1 General
5 Unauthorised race bookmaking 3
Contents
Page
contents 2 Race and Sports Bookmaking Act 2001 R6
01/01/03
Authorised when accessed at www.legislation.act.gov.au or in authorised printed form
Division 2.2 Race bookmaking licences
6 Application for race bookmaking licence 3
7 Issue or refusal of race bookmaking licence 4
8 Conditions of race bookmaking licence 5
9 Race bookmaking licence—entry of particulars in register 6
10 Duration of race bookmaking licence 7
11 Surrender of race bookmaking licence 7
Division 2.3 Race bookmaker’s agent licences
12 Application for race bookmaker’s agent licence 7
13 Issue or refusal of race bookmaker’s agent licence 8
14 Conditions of race bookmaker’s agent licence 9
15 Race bookmaker’s agent licence—entry of particulars in register
etc 11
16 Duration of race bookmaker’s agent licence 11
17 Surrender of race bookmaker’s agent licence 11
18 Effect of cancellation, surrender or suspension of race
bookmaking licence on agent licence 12
Part 3 Sports bookmaking
Division 3.1 General
19 Unauthorised sports bookmaking 13
20 Determination of sports bookmaking events 14
21 Determination of sports bookmaking venues 14
22 Directions for operation of sports bookmaking venues 14
23 Rules for sports bookmaking 14
Division 3.2 Sports bookmaking licences
24 Maximum number of sports bookmaking licences etc 15
25 Application for sports bookmaking licence 16
26 Issue or refusal of sports bookmaking licence 18
27 Conditions of sports bookmaking licence 19
28 Sports bookmaking licence—entry of particulars in register 21
29 Period for which sports bookmaking licence may be issued 21
30 Duration of sports bookmaking licence 21
31 Surrender of sports bookmaking licence 22
Contents
Page
R6
01/01/03
Race and Sports Bookmaking Act 2001 contents 3
Authorised when accessed at www.legislation.act.gov.au or in authorised printed form
32 Syndicates—liability of members for amounts payable etc 22
33 Syndicates—notices by commission 22
Division 3.3 Sports bookmaker’s agent licences
34 Application for sports bookmaker’s agent licence 23
35 Issue or refusal of sports bookmaker’s agent licence 23
36 Conditions of sports bookmaker’s agent licence 24
37 Sports bookmaker’s agent licence—entry of particulars in
register etc 26
38 Duration of sports bookmaker’s agent licence 26
39 Surrender of sports bookmaker’s agent licence 26
40 Effect of cancellation, surrender or suspension of sports
bookmaking licence on agent licence 27
Part 4 Licences generally
41 Commission’s powers in considering applications 28
42 Costs of considering and deciding applications 29
43 Prohibition of issue of licences in certain cases 30
44 Replacement of licences 31
45 Cancellation of licence on death of licensee or syndicate
members, or dissolution etc of corporation 31
46 Disclosure of information by commission in some cases 32
Part 5 Race bookmaking at sports bookmaking
venues
47 Designation of sports bookmaking venues etc 33
48 Application for approval for sports bookmaking venue 33
49 Issue or refusal of approval for sports bookmaking venue 34
50 Conditions of approval for sports bookmaking venue 36
51 Duration of approval for sports bookmaking venue 37
52 Surrender of approval for sports bookmaking venue 37
53 Effect of cancellation, surrender or suspension of race
bookmaking licence on approval 38
54 Application of pt 4 38
Contents
Page
contents 4 Race and Sports Bookmaking Act 2001 R6
01/01/03
Authorised when accessed at www.legislation.act.gov.au or in authorised printed form
Part 6 Betting disputes, directions and codes of
practice
Division 6.1 Betting disputes generally
55 How disputes about bets may be resolved 39
Division 6.2 Betting disputes referred to commission
56 Definitions for div 6.2 40
57 Referral of betting disputes to commission 40
58 Backer to give information about disputed bet 41
59 Bookmaker or agent to give information about disputed bet 42
60 Commission’s directions about disputed bets 43
61 Compliance with direction about disputed bet 43
Division 6.3 Directions and codes of practice
62 Commission’s directions about conduct of licensee’s operations 44
63 Codes of practice 45
Part 7 Taxation
64 Tax on bookmaking 46
65 Determination of tax rates etc 47
66 Returns for tax 48
Part 8 Disciplinary provisions
67 Power to hold inquiry 49
68 Mandatory cancellation of licence 50
69 Discretionary penalties 54
70 Notice of disciplinary action 57
71 Directions to remedy matter 58
72 Ending of suspension of licence 59
Part 9 Offences
73 Restrictions on race bookmakers and sports bookmakers 60
74 Unsigned licences—race bookmakers and race bookmaker’s
agents 61
75 Telephone betting by race bookmaker or race bookmaker’s
agent 61
Contents
Page
R6
Race and Sports Bookmaking Act 2001 contents 5
76 Rules about telephone betting 62
77 Interference with prescribed equipment 62
78 Production of licences and specimen signatures 63
79 Racing club to give details of race bookmaking at race meetings 63
80 Holder of sports bookmaking licence to tell commission about
certain changes 63
81 Return of surrendered, cancelled or suspended licence 65
Part 10 Reconsideration and review
82 Reconsideration of decisions by commission 67
83 Notice of reviewable decisions to be given to affected people etc 68
84 AAT review of reconsideration decisions 69
Part 11 Miscellaneous
85 Evidence of licences 70
86 Application of this Act if licence is held by syndicate 70
87 Maintenance of prescribed equipment 71
88 Maintenance and control of telephone equipment 72
89 Commission to keep register 72
90 Security guarantee—determination of minimum amount 72
91 Amendment of security guarantee 73
92 Meaning of suitability requirements and security guarantee 74
93 Meaning of nominated person 76
94 Selfincrimination etc 76
96 Commission’s power to extend time 77
97 Determination of fees 77
98 Regulation-making power 77
Schedule 1 Decisions subject to reconsideration 79
Dictionary 81
Endnotes

 

[THE SHRINK]

Thanks again Betworks for answering so many questions and on behalf of therx.com, I'd
also like to apologize for Spive, who by the way, will be on a temporary vacation...

 

[SPIVE]

BYE SPIVE!!!

It's because of the way you have acted in this thread that many sports books don't post!

You should be appreciative of the fact that Betworks chose to do so...

We want to encourage this activity, not discourage it!

You were asked nicely to knock it off and you chose to persist...

Now take the weekend off to think about whether you want to come back here and follow our rules and regulations, like everyone else!

Thanks,
THE SHRINK

It's not that hard!

[This message was edited by THE SHRINK on June 06, 2003 at 07:14 AM.]

[This message was edited by THE SHRINK on June 06, 2003 at 07:17 AM.]

 

[truthteller]

Spive, I understand where you come from when you attack CR books and other 3rd world books. But there is no reason to go after this book.

They have some of the best lines out there and have received payment literally in seconds from these guys.

I am guessing you are one hell of a pissed off guy in real life.

 

[Halifax]

For anyone that cares about the meat and potataoes of the $50 offer, I have used it before:

If you deposit $500, your account balance shows as $500, but you can actually place a bet for $550.

Let's say you place a bet for $550 on a +100 bet and you win - your account balance will now show $1,050, but you will actually have $1,100 to bet with at this point. If you want to make a withdrawal at this point, the max you can take out is $1,050 - if you take out the $1,050, your balance will now read 0, but you will still have the $50 left to place a bet with.

In summary, it never "looks" like you have the extra $50 in your account, but you can always bet $50 more than what your balance is showing. Once you place a losing bet with this $50, the $50 is now gone (of course).

It's true that you can never withdraw the $50, but unless you never lose a bet for the rest of your betting life, you will eventually lose this $50 at some point. Up until that point, you can freely withdraw all winnings that result from bets made with the $50.

In this case, the bottom line is: forget about whatever the complicated rules say regarding the bonus. It's a free $50 - take it. They're a good book, too.

[This message was edited by Halifax on June 06, 2003 at 09:44 AM.]

 

[RPM]

halifax,

good explanation. thanks!~

 

[BIGJOHN+]

a couple of people suggested to use australian based establishments. after reading this topic i am assuming this is a good sportsbook to use. is that correct? i see they are obviously a new advertiser. does that make them less dependable than others that have advertised here longer?

 

[RPM]

big john,

betworks.com is just as dependable as any of our other advertisers. being new to the site means nothing. with football season starting soon, you will see a lot of new advertisers.

bottom line is that betworks is a great shop. you wont have any problems there.

good luck

 

[TheOldBallgame]

A great place. I've never had a problem getting a bet in, I like the -107 and they pay promptly.

 

[PatrickMcIrish]

John - you have NO worries with Betworks as far as the safety of your money. That is a strong point for them along with reduced vig.

Also as a side note their overnights come out approximately 30 minutes after the end of the last American game. If you like betting overnights it will give you an idea when their numbers come out.

 

[jjgold]

Top of the line books and lower juice, the aussies are gradually taking over sportsbetting,

Canbet is already a top 5 and betworks will get there too.

 

[IntuitionBET]

Reduced vig and Safety of your deposit are BOTH #1 reasons to play there.