Frequently Asked Questions
What’s in it for the Punter
What is a Hot Bet and why should I take one?
Hot Bets are bets from punters who have agreed to share their betting information with others. You will have full visibility of the punter’s betting history and success rate, meaning you can have confidence that your tip has been sourced from a reliable and validated source.
How do I place a Hot Bet and how are Hot Bet odds determined?
Hot Bets are advertised on each race betting page along with the punter's betting performance statistics. To place a Hot Bet simply click the Back Bet Now button. This will allow you to access comments that punters have made about their selection, providing great insight into the punter's confidence level and the reason they backed the selection to guide your staking decision.
To place a Hot Bet you are required to commit to betting a minimum wager in the race where the runner is starting, at Hot Bet odds. Hot Bet odds are Fixed Odds (or the next popular odds type if Fixed Odds are not available) less 5%.
A Hot Bet is settled into your account like a normal bet
How many Hot Bets can I take in a race and can I change the selection in my Hot Bet?
There is no restriction on how many Hot Bets you can take in a race or on a day. If you have agreed to share your betting information to improve your odds, Hot Bets that you take will not be advertised as a Hot Bet for yourself and they will not be added to your betting history.
You can change the selection contained within your Hot Bet by clicking the Edit icon to the right of the selection. Hot Bet conditions outlined above are applicable for the bet.
What happens if I do not back the Hot Bet before the race starts?
Before we reveal a Hot Bet to you in the bet slip you agree to back the bet. As such, we reserve the right to charge you $10 in these instances however we do take various circumstances into consideration.
Ongoing breaches of the Hot Bet agreement may result in the $10 charge being applied or limitations on the availability of Hot Bets for your account.
Note bettingnetworkaustralia.com.au is not a bookmaker. Your bets are placed with recognised bookmakers, licensed within Australia and its Territories.
Your bets are placed using one of our bookmaker partner's odds products as displayed on our site. Bettingnetworkaustralia.com.au does not set odds. If your bet information is used, remuneration for its use is communicated to you as increased odds.
What's in it for the Tipster
Why should I share my betting information and allow punters to use my tips as a Hot Bet?
Your odds increase every time your betting information is used across our site as a Hot Bet. Our system scans your betting history and displays your best winning statistics to highlight your strengths to punters who are viewing Hot Bet advertisements.
There is no limit to how high your odds can grow. Every time your betting selections are used, your portion of the bet return (between 2.6% and 5%) is credited to you. We communicate this remuneration for use of your information as enhanced odds. As we add more and more sites to our advertising network, the potential for your odds to grow higher is greater.
Do I have to share my betting information with other punters?
No you don't have to share your bet information. When you start an account you are asked if you would like to share your betting information. If you choose not to, your bets will not be advertised. This means that you will not be eligible to receive enhanced odds. You can change your permission to share betting information in your account settings at any time.
Will my bets be advertised as Hot Bets if I tip?
Yes. Tips, or virtual bets as we also refer to them, are treated as a selection and calculated as part of the punter's betting history and advertised like any other bet. Punters who only tip are only eligible to earn when they are directly back bet and their potential remuneration is not as great compared to punter's who place a wager on their selection.
What betting events can I receive enhanced odds for?
Currently you can receive enhanced odds for Thoroughbred racing, Harness racing and Greyhound racing. In the near future this will extend to all sporting events offered by Australian bookmakers.
How do I know if I have received enhanced odds?
As soon as your information is used by someone else who has placed a bet, your enhanced odds are displayed, showing your original odds and the new odds that you have received. As each punter uses your information your odds increase and is then updated on the display.