Gambling FAQ » race 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 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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