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RULES FOR WAGERING IN AUSTRALIA In Sydney Jockey Club Does Not Adjudicate Dis ¬ putes Different System in Melbourne In Sydney the Australian Jockey Clnb does not adjudicate on betting disputes but in Melbourne the Aictoria Racing Club has done so since it over ¬ ruled the decision of the AMctoria Club in the Au ¬ dacity case a few years ago Some time ago it was decided by the Aictoria Racing Club committee that uptodate betting rales were desirable These were drafted by the clubs solicitor C Lort Smith and passed by the committee The Aictoria Racing Club rules are as follows followsIn In all bets there must be a possibility to win when the bet is made In other words tlie bettor rannot win if he cannot lose Subject as by these rules provided if no objection is lodged within ten minutes after the riders of the placed horses arc weighed in for the race bets go to the backers of the horses as placed by the judge If an objection is made within the said period of ten minutes bets affected are governed by the stewards decision on the objection provided that if any person whose interest in the stakes is affected by such decision announce to the stewards within fifteen minutes of their giving their decision that he intends to appeal therefrom then bets go with the stakes The word objection includes protest Settling in terms of these rules shall not be disturbed ex ¬ cept in cases of fraud fraudIn In the event of a race being divided in terms of rule 51 of the AMctoria Baring Clubs rules of racing all bets on the race made on the course on the day of the race before the announcement that the race is to be divided are off offIn In the event of a horse or jockey being disquali ¬ fied on the ground that the horse was pulled or fraudulently prevented from winning or for any other matter occurring in the race if there are cir ¬ cumstances in connection therewith which in the opinion of the committee require further investiga ¬ tion they may forthwith make an order postponing the settlement of all bets on sucli race and report the matter to the committee of the Victoria Racing Club The committee of the Victoria Hacing Club after investigation may make such declaration as they think fit in respect of the betting and in particular may declare all or any bets on such race to be off offOn On any allegation of fraud or corrupt practices the committee may investigate Hie case mid declare the bet void voidAny Any bookmaker betting in the principal rings within twenty miles from the general postoffice Melbourne offering odds against a horse shall be compelled to lay the same to not less than 25 if demanded by the taker but so that the bookmaker shall not be compelled to lose more than 500 on any wager demanded by the taker takerAll All place bets are 1 2 3 if there are eight or more starters and 1 2 If there arc seven starters or under The odds under a to be onefourth and under b onethird of the odds for a straightout win winWHEN WHEN BETS NOT PLAY OR PAT PATUnless Unless otherwise nsreed between the parties the following bets are not play or pay 1 Bets made on the course on the day of the race 2 Bets on matches 3 Bets made after the running num ¬ bers are officially placed on tli6 number board about a horse that is not subsequently under the starters orders ordersIn In the event of a race being ordered to be run over again starting price bets shall be regulated by the price current at the time the race was first run runIf If any person desires to back the favorite with ¬ out specifying the horse and more than one horse is quoted at the shortest odds then unless otherwise agreed no bet is made madeSeveral Several of the other rules included in the Victoria Racing Club list are well known to books and backers but it may interest country investors to learn that it is provided that in the event of any person wishing to make a bet by letter or telegram no bet is made unless a reply be posted before the day of the race or a telegram reply be lodged at a telegraph office before the race takes place The postal date stamp on the reply or the time of re ¬ ceipt recorded on the telegram is to be regarded as conclusive evidence of such posting of lodgment Unless otherwise stipulated Melbourne Argus quo ¬ tations are to be accepted in the case of starting price bets and where bets are made on a horse after the race and before the numbers of the place horses are exhibited such bets are void if the horse backed runs a deadheat for first place In the case of a race being rerun bets in favor of horses which started in the first but did not start on the second occasion are lost lostThe The bookmaker who offers long odds about a rank outsider will appreciate the fact that a wily backer cannot catch him for more than 500 and that may occasionally be productive of a little hard feeling between taker and layer when the former is cut off in an endeavor to got a fiver on at 40 or 50 to 1 Some sjstem backers may not altogether appre ¬ ciate the rule regarding favorites Previously when two horses started equal favorites most book ¬ makers divided the stipulated amount between them but nov there must be an absolute favorite for the bet to hold
