Definition pool betting act

The Minister may by order extend the application of this Part to any machine which is used or to be used for the purposes only of amusement or exempt any such machine from such application. Refusal to renew or cancellation of certificate of registration Moneys to be paid over to Accountant-General All moneys received by the Comptroller under this Act shall be paid to the Accountant-General for the purposes of the Consolidated Fund.

Power of entry Duties of persons registered or licensed by the Comptroller Offences Any person who— a fails to pay or account for any duty payable by him under this Act or fails to comply with any of the provisions of section 35 ; b hinders, molests, obstructs, impedes or interferes with any person in the exercise of his functions in relation to a pool betting, or racing service, business, or to any other business or matter connected with the provisions of this Act; c in connection with any duty payable under this Act, makes any statement which he knows to be false in a material particular or recklessly makes any statement which is false in a material particular or, with intent to deceive, produces or makes use of any book, account, record, return or other document which is false in a material particular; d is knowingly concerned in, or in the taking of steps with a view to, the fraudulent evasion by him or any other person of such duty, is guilty of an offence.

Penalties Failure to comply with section 6 or 35 continuing after conviction Where a person is convicted under this Act in respect of a failure to comply with any of the provisions of section 6 or 35 and the failure continues after conviction, then, unless he has a reasonable excuse for the continuance of the failure, he is guilty of a further offence under section 36 and may, on conviction, be punished accordingly.

Regulations Liability of directors, etc. Where an offence under this Act has been committed by a body corporate, every person who at the time of the commission of the offence was a director, general manager, secretary or other similar officer of the body corporate, or was purporting to act in any such capacity, shall be deemed to be guilty of that offence unless he proves that the offence was committed without his consent or connivance and that he exercised all such diligence to prevent the commission of the offence as he ought to have exercised having regard to the nature of his functions in that capacity and in all the circumstances.

In addition, regardless of where you are based in the world, you will need a licence from the Gambling Commission if any part of your remote gambling equipment is based in GB. The Pool would ordinarily have no relationship with the licensed operator. Any problems which arise as part of the transaction would be taken up by the customer with the licensed operator. The licensed operator can provide this model under a general betting standard operating licence.

The Pool provider would not require a Commission licence in relation to this activity. It would only have to be licensed by the Commission if it contracted directly with other customers or had remote key equipment in GB. Model B — Actual co-mingling Under this model, the licensed operator would engage with the customer and accept bets on behalf of the Pool.

Unlike model A, the customer would be contracting with the Pool through the licensed operator, and therefore the Pool would ultimately be responsible for the customer. By virtue of Section 93 1 of the Gambling Act opens in a new tab , the licensed operator and the Pool would each be required to hold a pool betting operating licence.

This will be the case regardless of whether or not the licensed operator or the Pool have remote key equipment outside of GB. Those operators offering Pools on British horseracing do not have to hold a Commission licence when transacting with a customer located outside of GB, unless they additionally have remote key equipment in GB.

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It was later adopted by online betting exchanges, which often come with much higher odds than regular betting sites. How Pool Betting Works In many ways, pool betting is similar to the lottery. All punters need to pay a fixed price to enter, make their predictions, and wait for the results. It has a simple guide on how online pool betting works and how you can place your first pool bet and expect returns.

Pool betting works on football, horse racing known as Totepool , and other sports. Horse Racing Horse racing is the perfect example of pari-mutuel wagering. Often called tote, all horse racing betting is done in a pool. All of the stakes are added together in a pot of sorts to form the overall pool.

After the track takes its cut, the bank is divided equally among the winners. All winnings in horse racing go to a stake set by the bookmaker. Horse race betting pools work with a variety of bets. The win online pool betting market implies choosing the runner you believe will finish first. Varied returns can be expected for the most popular market — the more wagers there are, the higher the probably return.

Win bets are divided by the stakes for each horse. When a horse wins, a lot of people get paid. Horse race pool betting also works with place, show, and across-the-board bets. Since the chance of winning with a place bet is double, you can expect lower pool returns in this market. The same goes for show and across-the-board bets. If you choose to go for exotic bets such as the exacta and trifecta, the payouts are much higher.

However, the risk is higher, too, so you might be better off with a win or placing a bet if this is your first pools bet. Football Just like in horse racing, online pool betting can easily be applied to football.

Football pools are based on predicting the outcome of Premier League matches. There are plenty of different markets available. The Classic Pool game is known as Treble Chance in the UK, where punters pick 10, 11, or 12 games to finish with a draw in which both teams score at least one goal.

In the past, entries were submitted via agents or the post, but nowadays, online pool betting has made that available for everyone with access to the Internet. It has enjoyed something of a renaissance these days thanks to exchanges such as Betfair or Betdaq. The differences between both types of betting are apparent. A key provision is the requirement for all remote gambling operators whether based in or outside Great Britain to be required to obtain a licence from the Gambling Commission to enable them to transact with British customers and advertise in Britain.

Gambling premise A gambling premise is one used to a operate a casino, b provide facilities for the playing of bingo, c making a gaming machine available for use, d provide other facilities for gaming, or e provide facilities for betting whether by making or accepting bets, by acting as a betting intermediary or by providing other facilities for the making or accepting of bets.

Exceptions apply, including the use of a track by a person for accepting bets, clubs and miners' welfare institutions, premises with alcohol licence, travelling fairs, prize gaming, private gaming and betting, and non-commercial gaming. Various licence types permit the licence holder to conduct all or some of these gambling services.

Gambling workforce Gambling workforce means the number of persons employed in licensed gambling activities. An employee is anyone that a licensed gambling operator directly pays from its payroll, in return for carrying out a full time or part time job or being on a training scheme including persons who are temporarily absent but still being paid, for example those who are sick or on maternity or paternity leave.

It does not include a employees not employed in relation to the licensed activity, b former employees only receiving a pension, c self-employed workers, d working owners who are not paid via PAYE, e staff who are not directly employed for example, agency staff , or f volunteers. Each person employed is counted as one, regardless of whether they work full time or part time. It is reported to us as at a point nearest to the end of an operator's reporting period.

Gaming Gaming is playing a game of chance for a prize. It includes a game that involves both an element of chance and an element of skill, a game that involves an element of chance that can be eliminated by superlative skill, and a game that is presented as involving an element of chance, but does not include a sport.

This definition includes traditional "fruit machines" and machines on which virtual betting and gaming by machine as well as virtual lotteries. It includes Fixed Odds Betting Terminals. For regulatory purposes, this definition applies to only gaming machines situated in Great Britain or anything done in Great Britain in relation to gaming machines.

It refers to any apparatus which uses or applies to mechanical power, electrical power or both. It excludes a domestic or dual-use computer, a telephone or other machine for facilitating communication, a machine which is designed or adapted for betting only on future real events, a machine which disposes lottery tickets or otherwise enables a person to enter a lottery with caveats , a machine designed or adapted for the playing of bingo by way of prize gaming with caveats , a machine designed or adapted to be controlled or operated by an individual employed or concerned in arranging for others to play a real game of chance or used in connection with a real game of chance the arrangements for which are controlled or operated by an individual with caveats.

Gaming machine category Note that some gaming machines enable play on multiple games, which may be of different gaming machine categories. When reporting the quantity of gaming machines held, licence holders report the numbers of machines at the highest category of game available on it. For example, where a single machine offers both category B3 and category C games, this is reported as one cabinet only at category B3. However, when reporting GGY, licence holders split the total GGY for the gaming machine by the category of games played.

Gaming machine entitlement Gaming Machine Technical Gaming Machine Technical is a type of Operating Licence that allows an entity to manufacture, supply, install, adapt, maintain and repair categories of gaming machine or parts of a gaming machine which includes gaming machine software. Golf Golf refers to betting on the sport of golf. Free bets or bonuses are only counted when calculating GGY if the customer has the unrestricted right to opt instead to receive a cash equivalent to the value of that free bet or bonus.

Within Industry Statistics, figures for National Lottery and Lotteries are GGY-equivalent and relate to the proceeds from ticket sales minus the amount given out in prizes. Horses Horses refers to betting on horse racing events.

Lottery A lottery is an arrangement where a persons are required to pay in order to participate in the arrangement, b in the course of the arrangement one or more prizes are allocated to one or more members of a class, and c the prizes are allocated by a process which relies wholly on chance.

In a complex lottery, the prizes are allocated by a series of processes, and the first of those prizes relies wholly on chance. It does not include the National Lottery or small society lotteries. A family entertainment centre premises licence is a licence that authorises a premise to be used for making Category C gaming machines available for use.

Such a premise can comprise an unlimited number of Category C and D machines.