For sports bettors based over in Victoria, Australia, times are changing regarding the types of promotional offers that they are going to have made available to them at all online sports betting sites.
It has always been the case up until now, that when a new customer signs up to any online or mobile betting site that they are going to have plenty of incentives for doing so, some of which take the form of free bets.
However, in a move that is expected to be rolled out across Australia very shortly, the powers that be in Victoria are trailing a new set of regulations that will make it illegal for gamblers to be offered any type of free bets when signing up to a betting site, which require punters to roll over their winnings until they have done so a number of times before they can cash out any winnings.
The way the Australian Government sees such bonus offers, is that whilst they can look rather appealing to punters, they are not as generous as they first appear, for with roll over requirements having to be achieved before a gambler can cash out any winnings achieved from an initial free bet, by forcing them to continue betting with any winnings a certain number of times, that system is one that is unfair and could of course lead to problem gambling.
Gambling site operators are also going to be banned from sending out promotional offers via email or SMS messages, unless a punter has specifically opted in to receive them.
Much like many other gambling regulators across the globe, those in Australia are now demanding that all gambling sites have a range of customer adjustable gambling limit option settings available to them to allow them to set their own deposit limits and loss limits, too.