Gambling FAQ » bet http://gamblingfaq.net Basic Concepts And Rules For Online Gambling Sun, 05 Feb 2012 10:51:44 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 The Basic Concept Of Sports Betting In The UK http://gamblingfaq.net/the-basic-concept-of-sports-betting-in-the-uk/ http://gamblingfaq.net/the-basic-concept-of-sports-betting-in-the-uk/#comments Sun, 21 Feb 2010 15:37:24 +0000 admin http://gamblingfaq.net/?p=31 Sports Betting: General

In this Act “sports betting” means making or accepting a bet on:

  • The outcome of a race, competition or other event or process
  • The likelihood of anything occurring or not occurring
  • Whether anything is or is not true

A transaction that relates to the outcome of a race, competition or other event or process may be a bet within the meaning of subsection despite the facts that:

  • The thing has already occurred or failed to occur
  • One party to the transaction knows that the thing has already occurred or failed to occur

Spread Bets:

  • For the purposes of section “bet” does not include a bet the making or accepting of which is a regulated activity within the meaning of section 22 of the Financial Services and Markets Act of Betting 2000
  • An order under section 22 of that Act which has the effect that a class of bet becomes or ceases to be a regulated activity may, in particular, include transitional provision relating to the application of this Act to that class of bet.
  • This section is subject to section.

Sports Betting: Prize Competitions

For the purposes of section 9 a person makes a bet (despite the fact that he does not deposit a stake in the normal way of betting) if:

  • He participates in an arrangement in the course of which participants are required to guess any of the matters specified in section 9
  • He is required to pay to participate
  • If his guess is accurate, or more accurate than other guesses
  • Win a prize
  • Enter a class among whom one or more prizes are to be allocated (whether or not wholly by chance).

In subsection 1 a reference to guessing includes a reference to predicting using skill or judgment.
Schedule one makes further provision about when a person is to be or not to be treated for the purposes of one subsection as being required to pay to participate in an arrangement.
In subsection 1 “prize” includes any money, articles or services:

  • Whether or not described as a prize
  • Whether or not consisting wholly or partly of money paid, or articles or services provided, by the members of the class among whom the prizes are allocated

Pool Betting:

For the purposes of this Act sports betting is pool betting if made on terms that all or part of winnings:

  • Shall be determined by reference to the aggregate of stakes paid or agreed to be paid by the persons sports betting
  • Shall be divided among the winners
  • Shall or may be something other than money.

For the purposes of this Act pool betting is horse race pool betting if it relates to horse-racing in the United Kingdom.

Betting Intermediary:

  • In this Act “sports betting intermediary” means a person who provides a service designed to facilitate the making or acceptance of bets between others.
  • For the purposes of this Act acting as a betting intermediary is providing facilities for sports betting.

Betting And Gambling Act 2005 In The UK

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]]> http://gamblingfaq.net/the-basic-concept-of-sports-betting-in-the-uk/feed/ 0 Sports Betting In The UK http://gamblingfaq.net/sports-betting-in-the-uk/ http://gamblingfaq.net/sports-betting-in-the-uk/#comments Sun, 21 Feb 2010 15:08:34 +0000 admin http://gamblingfaq.net/?p=27 Sports betting and gambling has a long history in the United Kingdom, having been controlled for many decades and more recently relaxed. The 1960 Act legalised off-course bookmakers. Pool betting on horses is a monopoly of the state owned Tote.

There is a large market in the United Kingdom for gambling and betting on competitive sports at bookmakers, particularly for horse racing, greyhound racing and association football. The latter also has an associated form of gambling known as the football pools, in which players win by correctly predicting the outcome of each weeks matches.

Sports betting is defined by the Gambling Act 2005 as the making or accepting of a bet on the outcome of a horse race, competition or other event or process. The likelihood of anything occurring or not occurring, or whether anything is or is not true.

Pool betting can be conducted remotely or no-remotely. Remote pool betting is conducted, for example, via an internet betting site run by one of the football pools operators. Non-remote pool betting in the UK is conducted in person (for example, the Tote, which accepts pool bets on tracks and in high street sports betting shops).

Sports betting intermediaries bring two or more parties together, but do not have liability for their bets. Sports betting intermediaries can be remote or non-remote. Remote sports betting intermediaries in the UK, which includes betting exchanges, generally operate through the internet. An example of a non-remote sports betting intermediary is a tic-tac, who normally works within a betting ring on a horse or greyhound racing track.

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]]> http://gamblingfaq.net/sports-betting-in-the-uk/feed/ 0 Is It Legal To Bet On The Internet? http://gamblingfaq.net/is-it-legal-to-bet-on-the-internet/ http://gamblingfaq.net/is-it-legal-to-bet-on-the-internet/#comments Sun, 08 Nov 2009 15:04:10 +0000 admin http://gamblingfaq.net/?p=16 This largely depends on where You live. There are no records of any out of the situation, because they played online, though it was illegal to do so in the state or country where they live.

However, if someone got into trouble it will be the owner of the casino, and not an online player gambler.

You should know that online casino will automatically block your access when You are trying to open an account with them, if there are laws that stop them from receiving steam from You.

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