Vic Bookmakers

📜 Historical Overview of VIC Bookmakers

🏛️ Early Beginnings (1800s – 1900s)

• 📅 1857 – Establishment of the Turf Club

  Event	Details
  Foundation	The Turf Club was established, laying the foundation for organized horse racing in Victoria.

• 📅 1884 – First Official Betting Act

  Event	Details
  Legislation	The Betting Act of 1884 legalized betting on horse races, creating a regulated environment for bookmakers.

📈 Growth of Bookmaking (1900s – 1950s)

• 📅 1925 – Establishment of the Victorian Racing Tribunal

  Event	Details
  Regulation	This tribunal was formed to govern and oversee the operations of bookmakers.

• 📅 1946 – Introduction of SP Bookmaking

  Event	Details
  Change	SP (Starting Price) betting was introduced, allowing for more transparency in betting odds.

🌐 Modern Developments (1960s – Present)

• 📅 1986 – Licensing of Bookmakers

  Event	Details
  Licensing	Bookmakers were required to obtain licenses, further legitimizing the industry.

• 📅 2010 – Online Betting Boom

  Event	Details
  Innovation	The rise of online platforms transformed how bets were placed, increasing accessibility for users.

• 📅 2022 – Regulation of Online Betting

  Event	Details
  Legislation	New regulations were introduced to ensure fair play and customer protection in the online betting sector.

🔗 Learn More

For further reading, visit the official Racing Victoria website or check out the historical archives on State Library of Victoria.