The Basic Concept Of Sports Betting In The UK

Posted in Gambling In The United Kingdom

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

Related Posts