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Will jockey managers be allowed to bet or not? - Racing Talk - Racehorse TALK

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Offline Peter Mair

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O.P. « 2018-Dec-11, 05:25 PM »

Will jockey managers be allowed to bet or not?


From March 2019:

Any rider’s agent who bets, has an interest in a bet, or facilitates a bet; or provides any tip, or any other information or advice that may influence any person to bet, on any NSW race in which a rider whom the rider’s agent represents (in accordance with AR1) is engaged to ride, commits an offence and may be penalised.

The new rule does allow a jockey manager to be exempt from the rule provided they “seek written approval from Racing NSW”. To be exempt from the provisions LR71A, such application must be made in writing to Racing NSW prior to the commencement date, and unless written approval is obtained from Racing NSW then the provisions of the rule are effective 1 March 2019.


While paraphrased, depending on the criteria to be exempted, the proposal is not clear anout 'banning' or 'permitting'

More generally it may help to have more background on the issues that give rise to the proposed ban  (or permission).

The preference of punters may be for the managers to be provided they only bet 'early' and all bets are 'published'.

.........as the Banjo said ......... see where the money goes on!

Offline Arsenal

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« 2018-Dec-11, 08:14 PM Reply #1 »
Racing NSW introduces manager betting ban
 
Racing.com Staff@Racing
5:16pm

Racing NSW has announced a new rule that will see jockey agents banned from tipping and betting on races involving their clients.

The rule was initially proposed in April this year but was put one side until Monday, when the rule was officially announced ahead of its implementation in 2019.

Racing NSW will introduce a new local rule (LR71A) on March 1, 2019.
Any rider's agent who:
(a) bets, has an interest in a bet, or facilitates a bet; or
(b) provides either directly or indirectly to any person for any direct or indirect financial or other benefit (regardless of whether such benefit materialises) any tip, or any other information or advice that may influence any person to bet,
(a & b) on any NSW race in which a rider whom the rider's agent represents (in accordance with AR1) is engaged to ride, commits an offence and may be penalised. For the purposes of this rule, a bet includes a lay bet.

The new rule does allow a jockey manager to be exempt from the rule provided they 'seek written approval from Racing NSW'.

"To be exempt from the provisions LR71A, such application must be made in writing to Racing NSW prior to the commencement date," Racing NSW said in a letter to agents.
"Please note that unless written approval is obtained from Racing NSW then the provisions of the rule are effective 1 March 2019."

The ban has significant implications for a number of agents who work across media outlets providing tips or those with subscription-based tipping services.

WATCH: Marc Van Gestel joined Shane Anderson on After The Last to discuss the rule

https://www.racing.com/news/2018-12-11/news-racing-nsw-introduces-manager-betting-ban

ENDS

The agents who "work across media outlets providing tips or those with subscription-based tipping services." might claim that the rule infringes on their right to earn a living effectively a restraint of trade ...such an argument might fly ..but then again it may not  ........probably the integrity of racing would knock it on the head......greater community benefit against the rights of the individual


Giddy Up :beer:

Offline Peter Mair

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« 2018-Dec-12, 06:10 AM Reply #2 »

A more promising future for less insider trading?

The RNSW chief steward makes a very good impression in the recorded discussion.

Even so the fuller implications of any bans on 'agents' unraveled a bit at the end.

For example,  trainers of multiple runners have conflict of interest issues.

The possible licensing of form analysts is another matter.

Stewards should have a copy of any 'analysis' provided and raise questions when especially when any prescient 'analysis' is hardly consistent with the exposed form reflected in the SP market.

Most punters are not getting 'professional advice' until late in the betting when the well-advised money shows up as a 'too-late mover' well after the  mug-money is already on.

It would be a very welcome development if stewards found and interviewed the beneficiaries of a 'plunge' in a  race with well-disclosed prior form  -- who told who what and when?

Some sometimes clearly know much more than others -- and those 'some' do not discover it themselves.


Offline Arsenal

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« 2018-Dec-12, 08:56 AM Reply #3 »
On the question of conflicts of interest or perceived conflicts which was mentioned during the interview conducted by Shane Anderson   .......Mark van Gestel mentioned some agents have a number of riders on their books...there may be some limit ...representing more than one rider presents an obvious area which should be of concern to those responsible for integrity issues.....I recall that when Trevor Lanskey was managing the books of three of the best Brisbane riders The Bobster then in charge of the racing control board in Qld tried to limit him ....Lanskey then sought and was granted a licence in NSW so he was able to continue to represent the same number of riders...The Bobster uncharacteristically for him let sleeping dogs lie...TL is no longer in the role of jockey manager as far as I know...there's a complete list of jockey managers and their clients ...although last time I looked it was out of date ..but can be found on the RQ website....correction it's in the Race magazine which is on the RQ website.
A quick count reveals there are 34 agents listed some have no riders but 17 have 2 or more to look after as many as 5 in some cases .

Giddy Up :beer:
« Last Edit: 2018-Dec-12, 09:16 AM by Arsenal »

Offline Peter Mair

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« 2018-Dec-13, 07:48 AM Reply #4 »


Time to take the lid off a likely can of worms.

Restrictions on the 'tipping' activities of 'jockey managers' individually and collectively is a sensible start.

It is just a start -- the best answer to sharing 'secrets' is to require that all players openly disclose anything they 'say' -- and where it is later revealed that they did not, be subject to penalties.


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