In the horseracing industry, there have been betting scandals abound, as many jockeys have been reprimanded for taking part in illegal gambling activities. This week, New Zealand Thoroughbred Racing has introduced new rules that prevent such scandals from occurring again in the future. The new rules ban jockeys from betting on races in New Zealand on days that they are racing.
This will prevent jockeys from betting on the horse they are riding and placing bets on any races in which they are not competing. New Zealand Thoroughbred Racing (NZTR) hopes that these news rules will put a stop to betting scandals in the horseracing industry. It is important to protect the integrity of the sport, and inside betting certainly tarnishes its reputation. The new change also benefits punters.
When insider betting takes place, punters no longer feel safe betting on the sport. They are concerned that the race outcomes are not genuine, and it compromises the integrity of the betting industry, as well. The decision comes after top jockey David Walker had his licenses revoked after he was accused of insider betting. Walker allegedly pulled up a horse in order to collect from a wager he placed on a competitor in the same race.
While several betting scandals took place last year, this is the one that caught the attention of the general public, as David Walker is a well-known jockey. So, now is the right time for the NTZR to take action against insider betting. "The appearance, as well as the practice of integrity, is critical against a backdrop of rapidly evolving gambling options which are creating issues for many sports," says Chairman Matthew Goodson.
"The strengthening of this racing rule will provide greater protection for punters, which is critical for our industry, and support our integrity services."
It is hoped that these new measures will make a difference and help to prevent match-fixing in horse racing.
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