No more free bets, no more rewards, no more deposit bonus, no more signup offers, no more anything.
Under the guise of “public protection” the government has enacted the National Consumer Protection For Online Wagering and within its many components one subtle clause will strike fear in to the heart of punters:
Restrictions on inducements
Online wagering providers will be prohibited from offering any credit, voucher, reward, or other benefit as an incentive to open an account or to refer another person to open an account.
The move is notable as state government’s usually allow their retail monopoly holder, the TAB and UBet; to have an exemption to the rules. This time there is NO exemption for Tabcorp.
Greyhound racing, horse racing and harness racing are inextricably entwined with betting. All licensed Australian bookmakers bet on greyhound racing. All licensed Australian bookmakers, including the TAB; offer signup bonuses with the exception of Bet365 who globally removed their bonus offers last year in response to increasing regulatory pressure in their home country of the United Kingdom. The concept of a bonus bet, or in the old days a “free bet” are universal. But no more.
What can be done about the Bonus Bet Ban?
Nothing. It can’t be changed. It can’t be stopped. But if you act quickly, you can Beat The Bonus Bet Ban.
This framework policy is part of a promised number of consumer protection measures around gambling. It is past draft stage and is now government policy. The corporate bookmakers political lobby group, Responsible Wagering Australia; have already endorsed the Bonus Bet Ban.
It is happening without our input as punters, or as public voters. The “Nanny State” is now “Nanny National“.
While the Department Of Social Services has allowed an 18 month timeline for all policy points to become active, it is believed the Bonus Bet Ban will be imposed before March 2019.
Get your bookie bonuses while you can – Beat the #BonusBetBan
If you are a serious punter or even a casual one, you will need multiple accounts. There are some nice words around protecting punters from being “cutoff” by corporates, or limited in their betting in the new framework; but nothing of any substance which would help punters keep accounts open and allow them to “Get On“.
The end result is you will need as many “irons in the fire” as you can get. Sure you can open accounts after the Bonus Bet Ban, but you will not get any deposit bonus or offer to signup. It will be like signing up to your electricity provider – sterile, barely satisfactory, and something that leaves you hollow and fragile on the inside. Like the twice a year trip to the “in-laws”, or a rectal exam after the age of 50; signing up to a betting account after the #BonusBetBan will be something you need to endure rather than enjoy, and not an experience you will be sharing down at “the local”.
So in the traditions of a betting ring plunge, if you want to maximise your benefits; you need to storm the betting stands now and get as many open and active accounts as you can.
Australian Racing Greyhound, as a racing site; is allowed to offer bookie bonus offers and signup offers until the Bonus Bet Ban goes “live in play”. Have you got accounts at each of our approved licensed bookmakers? If not review the bonus bet offers currently allowed, and take the time to review terms and conditions. Rest assured sometime soon none of these will be available.