Application
This unit of competency supports betting stewards, supervisors and racing officials to perform the job functions associated with interpreting wagering trends. Competencies attained in this unit apply to the greyhound, harness or thoroughbred code of the industry. Consequently when performance criteria are applied they will relate to the greyhound code or the harness code or the thoroughbred code, and statements of attainment for this unit will reflect this distinction. |
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
Read and interpret wagering information. | 1. Industry jargon and abbreviations used in wagering are interpreted. 2. Types of bets available are explained. 3. Bookmakers' ledgers are interpreted. 4. Information provided on totalisators and other betting or form analysis systems is interpreted. |
Monitor wagering. | 5. On-course and totalisator wagering trends are monitored. 6. Off-course e-betting system wagers are monitored. |
Relate odds offered to current form. | 7. Speed maps and predicted form are reviewed. 8. Odds offered by a range of sources are compared to predicted form . 9. Race performance is assessed against wagers made and reported. |
Required Skills
Required skills |
communicating with senior stewards, racing officials, and licensed and registered personnel using assertive communication techniques to gather, interpret and relay information related to wagering trends completing duties in accordance with safe operating procedures and nominated time frame computer skills, including: data entry and retrieval email and internet spreadsheet applications word processing following OHS and environmental work procedures identifying individual animals during running of races numeracy and analytical skills to interpret odds fluctuations and record results operating a range of equipment and technology providing clear and concise reports on wagering trends in verbal and written formats reading and interpreting workplace documentation, including rules of racing relating to people from a range of social, cultural and ethnic backgrounds and with varying physical and mental abilities teamwork skills to ensure completion of job tasks using video and DVD recording and re-play devices written communication skills to complete workplace documentation and reports. |
Required knowledge |
communication procedures for communicating with other stewards and officials, including reporting lines within the workplace and wider racing industry effect of track conditions and ratings, course layout and rail placement on animal performance ethical conduct standards of relevant racing principal authority greyhound or racehorse markings industry terminology related to wagering and wider racing industry OHS and environmental legislative requirements odds fluctuations and unusual betting patterns organisational policies and procedures principles of effective communication procedures for operation and maintenance of office equipment and other technology reasons racing animals may not perform as expected relevant rules of racing reporting requirements for irregularities and problems. |
Evidence Required
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy all of the requirements of the performance criteria, required skills and knowledge and the range statement of this unit and include evidence of the following: knowledge of the requirements, procedures and instructions that are to apply when interpreting wagering trends demonstration of the ability to analyse race form and predict expected race results, interpret bookmakers' ledgers, totalisators and other systems, and accurately monitor betting fluctuations implementation of procedures and timely techniques for the safe, effective and efficient application of cadet steward duties working with others to undertake and complete the required procedures that meet required outcomes. Evidence should be collected over a period of time in a range of racing operations and administration-relevant contexts, and include dealings with an appropriate range of situations. |
Context of and specific resources for assessment | Competency must be assessed in a racing workplace that provides access to the required resources. Assessment is to occur under standard and authorised work practices, safety requirements and environmental constraints. It is to comply with relevant regulatory requirements or Australian Standards requirements. Assessment of the practical components of this unit will be by observation of relevant skills. The following resources must be available: materials and equipment relevant to assessing candidate's ability to interpret wagering trends racing administration buildings, race meetings and related facilities work instructions and related documentation. |
Method of assessment | Assessment methods must satisfy the endorsed Assessment Guidelines of the Racing Training Package. The suggested strategies for the assessment of this unit are: written and/or oral assessment of candidate's required knowledge observed, documented and firsthand testimonial evidence of candidate's application of practical tasks case studies to assess candidate's ability to provide written and/or oral responses to various scenarios. Evidence is required to be demonstrated over a period of time, therefore where performance is not directly observed any evidence should be authenticated by supervisors or other appropriate persons, at least one of whom should be approved by the State Principal Racing Authority. This unit may be assessed in a holistic way with other units of competency relevant to the industry sector, workplace and job role, for example: RGRCMN001A Comply with the rules of racing and related protocols RGRROP408A Perform duties of betting supervisor or steward at greyhound or horse race meetings. |
Guidance information for assessment | Assessment methods should reflect workplace demands (e.g. literacy and numeracy demands) and the needs of particular target groups (e.g. people with disabilities, Aboriginal and Torres Strait Islander people, women, people with a language background other than English, youth and people from low socioeconomic backgrounds). |
Range Statement
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. The range statement provides details of how this competency can be used in the workplaces of the racing industry to interpret wagering trends. Workplaces include greyhound, harness and thoroughbred racecourses, training tracks and administration buildings. Stewards oversee the conduct of all racing-related activities within the responsibilities and powers described under the rules of racing. The conditions under which this unit is delivered and assessed must take into consideration these powers and responsibilities. These powers and responsibilities are further described in the rules of racing for the relevant racing code. It is strongly recommended that training facilitators and learners refer to these powers and responsibilities as part of the range of conditions for all units covered in the steward specialist area of the Training Package. | |
Industry jargon and abbreviations may include: | appeared to falter barrier or box draw came together in the run changing stride checking climbing crossing towards the rails crowding hanging jumped smartly laying in losing ground over racing race distance raced wide racing ungenerously sectional times steadying off the heels tailed off track condition. |
Types of bets may include: | bet-backs betting exchange transactions daily double dividend odds each way exacta electronic betting quadrella quinella sports betting telephone betting trifecta win and place win only. |
Speed maps may be prepared through use of: | form guides race books stewards' reports other form reviews, including video replays of races, trials and trackwork. |
Impact upon predicted form may include: | class or grading of race driver or rider error and experience horse's age and number of race or trial starts other incidents such as interference, including: careless driving or riding changes in strategies crossing another horse crowding gear usage hampering injury in running jostling lack of race fitness missing the start taking the running variety of tracks and track conditions. |
Sectors
Unit Sector | Greyhound, harness and thoroughbred racing codes |
Employability Skills
This unit contains employability skills. |
Licensing Information
Not Applicable