Unit of competency Outline

Date retreived
22/07/2026 8:33 PM AWST

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Interpret wagering trends

Interpret wagering trends

Unit of competency
National Code
RGRSTD302
State Code
OAB17
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
05/07/2018
View on TGA
State Implementation and Classification
Approved Date
08/02/2019
Field of Education
080301 - Business Management
Original Release Date
08/02/2019
Nominal Hours
40
Description
This unit of competency describes the skills and knowledge required to conduct pre-race and race meeting checks of a variety of documentation, including written, audio and visual, to monitor and interpret wagering information for race integrity purposes.The unit applies to stipendiary or cadet stewards or those who have been approved by a Principal Racing Authority (PRA) to perform the job functions associated with interpreting wagering trends in greyhound, harness or thoroughbred racing codes.Greyhound, harness and thoroughbred racing are strictly regulated throughout Australia. All stewards are appointed under the rules of racing by the relevant PRA. Users are advised to check with the relevant PRA for requirements.No occupational licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Read and interpret wagering information
  • 1.1 Interpret industry terminology, abbreviations and acronyms used in wagering
  • 1.2 Recognise different types of bets available for relevant racing code
  • 1.3 Interpret rules of racing related to bookmakers, bookmakers' clerks and other licensed and registered personnel, including owners
  • 1.4 Interpret bookmakers' ledgers
  • 1.5 Interpret information provided on totalisators and other betting or form analysis systems
2. Monitor wagering
  • 2.1 Monitor on-course and totalisator wagering trends to determine patterns
  • 2.2 Monitor off-course e-betting system wagers to understand trends
3. Relate odds offered to current form
  • 3.1 Review speed maps and predicted form of greyhounds or horses
  • 3.2 Compare the odds offered by a range of sources to predicted form
  • 3.3 Assess race performance against wagers made and reported
  • 3.4 Report on fluctuations and anomalies according to PRA procedures
No information
No information
Replaces
State Code National Code Title Type
S6882 RGRSTD302A Interpret wagering trends Unit of competency