This week, New Zealand punters were the winners when we announced the expansion of Minimum Bet Limits (MBLs) for customers across our TAB and betcha brands. Minimum Bet Limits (MBLs) mean a punter is able to bet to win at least a certain amount on a betting option. The voluntary MBLs announced this week go above and beyond the limits in other jurisdictions and, in the case of sports, provide a new level of consumer protection in the sports betting industry. The major gamechanger is for sports punters. The most popular sports – football, basketball, rugby union, rugby league and more – are now covered by TAB’s Punters Promise and the new ‘betcha guarantee’ with customers able to bet to win $1,000 in the top two or three betting options in the most popular tournaments, leagues and international fixtures. For example, a TAB or betcha customer can bet $400 on their favourite Warriors player to score a try at odds of $3.50 returning $1,400 – a $1,000 profit on their $400 bet. The sports, tournaments and markets on offer with the Punters Promise and betcha guarantee cover 75% of sports turnover in New Zealand. On Punters Promise, MBLs in NZ racing have lifted from $2,000 to $5,000 for Saturday thoroughbreds and Friday night harness racing, as well as $2,000 for Future Win bets on major New Zealand races. MBLs are also now in place on Australian racing. We recognise and appreciate the privilege of being the exclusive betting operator for New Zealand through our strategic partnership with TAB NZ. These new and expanded initiatives – alongside our pledge to provide the same fair odds in New Zealand that we have on our brands in the highly competitive Australian betting market – shows our commitment to striking a fair balance between the punter and the operator. More on both MBL programmes are available at: Punters Promise (sport & racing): tab.co.nz/punterspromise Betcha guarantee (sport): https://lnkd.in/dE4gDf7N #consumerprotection #fairshare #customer #wagering #customerexperience
Group Corporate Communications and Sustainability Director | Trusted Board Advisor and Non-Executive Chair | Freeman of the City of London since 2006 | Scaling and Growth | Digital Marketing, Branding and Communications
3moImpressive development!