Australian bookmaker Robbie Waterhouse faces a possible life ban and fines of up to $A1.2 million ($NZ1.46 million) after being found guilty yesterday of charges relating to bets he wrote at inflated prices.
Thoroughbred Racing Board stewards ruled that 500-1 bets he recorded in Sydney in February were not legitimate wagers.
Waterhouse
Racing: Aussie bookmaker Waterhouse in strife
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