Sports wagering start up company Betr has been fined a record $210,000 (USD$140,00) by ​​Liquor and Gaming New South Wales (L&G NSW) for breaching the state’s laws in its promotional ads during its launch in October.
The News Corp-backed wagering company Betr offered 100-to-1 odds and 20-1 odds on major events including the Melbourne Cup, Cox Plate and NRL and AFL markets as part of its launch.
Betr offered gamblers inflated returns on every horse in the Melbourne Cup, provided they bet less than $10 (US$6.70), and similar inflated returns were also offered for the Cox Plate and AFL and NRL markets….