This takes effect in the Northern Territory only at this stage but the end results will be that all States must come back into line or lose millions of dollars in business. Now even though the bet is only available in the Territory, it is still legal for you to place your bet if you live elsewhere.

We at Winform can organise an account with legal Australian registered bookmakers that can accept these lower bets. Not only that but you will also be able to get up to $300 worth of free bets, just for opening an account.

So, what's the next step? Surely each Australian State will now make phone betting for $50 legal but even this isn't good enough. Why? A recent survey suggests that only 3% of punters are prepared or able to bet $50 or more on a regular basis. You can now bet with bookmakers on the Internet from $5 and up and to be honest with you, I don't think most bookmakers want to take small bets over the phone.

So maybe this is the way to go for the smaller hobby punter. Bet your small bets on the Internet and when that big juicy "can't lose" one comes along then have a lash, oh, and by the way, you can bet $25 each way as that still contistutes a $50 bet.

It's the Christmas present we punters have all been waiting for.