15Obligations of bookmakers regarding offer and display of odds

15 Obligations of bookmakers regarding offer and display of odds

(1)  A bookmaker who is fielding on a racecourse on any day must –

(a) offer odds on each horse or each greyhound, as applicable, in each race being held on that racecourse on that day; and

(b) display those odds to the public in such manner, and for such period of time before the relevant race, as Tasracing approves or directs; and

(c) if offering payment of a bet based on totalizator odds, display a sign to that effect in a manner, and for such period of time before the relevant race, as Tasracing approves or directs.

Penalty:  Fine not exceeding 25 penalty units.

(2)  A bookmaker who is fielding on a racecourse must not publicly display the odds that the bookmaker is offering on a competitor entered in a race on another racecourse, whether located in Tasmania or elsewhere, unless the bookmaker also offers and publicly displays odds on every competitor in that race.

Penalty:  Fine not exceeding 25 penalty units.