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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, Let's Bet 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
Victoria
Metro
$2,000 (W)
$800 (P)
Provincial
$1,000 (W)
$400 (P)
Applicable following declaration of final fields
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)
South Australia
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
$2,000 (W)
$800 (P)
Provincial
$1,000 (W)
$400 (P)
Applicable following declaration of final fields
Tasmania
Metro
$1,000 (W)
$400 (P)
Provincial
$1,000 (W)
$400 (P)
Applicable from 9:00am on the Day of the Meeting (or 2:00pm for a Night Meeting)
Australian Capital Territory
Black Opal Day
$2,000 (W)
$800 (P)
Provincial
$1,000 (W)
$400 (P)
Applicable from 9:00am on the Day of the Meeting
Western Australia
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)
Greyhound Racing
Victoria
Metro
$1,000 (W)
$500 (P)
Provincial
$500 (W)
$250 (P)
Applicable from 2 hours prior to the first race on the card
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
South Australia
Metro
No MBL (W)
No MBL (P)
Provincial
No MBL (W)
No MBL (P)
No Prescribed Minimum Bet Limit
Queensland
Metro
$500 (W)
$200 (P)
Provincial
$500 (W)
$200 (P)
Applicable following declaration of final fields
Tasmania
Metro
No MBL (W)
No MBL (P)
Provincial
No MBL (W)
No MBL (P)
No Prescribed Minimum Bet Limit
Australian Capital Territory
Metro
No MBL (W)
No MBL (P)
Provincial
No MBL (W)
No MBL (P)
No Prescribed Minimum Bet Limit
Western Australia
Metro
$750 (W)
No MBL (P)
Provincial
$500 (W)
No MBL (P)
Applicable from 9:00am on the Day of the Meeting (or 2:00pm for a Night Meeting)
Harness Racing
Victoria
Metro
$1,000 (W)
No MBL (P)
Provincial
$500 (W)
No MBL (P)
Applicable from 1 hour prior to the first race on the card
New South Wales
Metro
$1,000 (W)
No MBL (P)
Provincial
$500 (W)
No MBL (P)
Applicable from 10:00am on the Day of the Meeting (or 2:00pm for a Night Meeting). Increased Win MBL for 'Platinum' Meetings of $2,000
South Australia
Metro
No MBL (W)
No MBL (P)
Provincial
No MBL (W)
No MBL (P)
No Prescribed Minimum Bet Limit
Queensland
Metro
$500 (W)
$200 (P)
Provincial
$500 (W)
$200 (P)
Applicable following declaration of final fields
Tasmania
Metro
No MBL (W)
No MBL (P)
Provincial
No MBL (W)
No MBL (P)
No Prescribed Minimum Bet Limit
Australian Capital Territory
Metro
No MBL (W)
No MBL (P)
Provincial
No MBL (W)
No MBL (P)
No Prescribed Minimum Bet Limit
Western Australia
Metro
$1,000 (W)
No MBL (P)
Provincial
$500 (W)
No MBL (P)
Applicable from 9:00am on the Day of the Meeting (or 2:00pm for a Night Meeting)