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Australian Sportsbook Betr Fined By Watchdog For Advertising Odds

 |  April 16, 2023

The News Corp supported Australian sportsbook, Betr, has received a fine of AU$210,000 (approx. $142,000) from the Liquor & Gaming New South Wales regulator for violating advertising regulations in the previous year.

Betr was fined for offering odds of 100-1 and accepting wagers up to AU$10 on horse racing during the 2022 Melbourne Cup. This was done through associated newspapers, radio, and television stations. As a result, Betr gained many new clients and advertised their company.

However, the regulator’s investigation officially decided that with this act, Betr violated regulations by motivating people to open a wagering account and gamble more often.

Moreover, similar incentives have been offered for the Cox Plate and AFL and NRL markets in an attempt to lure clients away from established gambling firms.