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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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B
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Betting
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INFOTEXT
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1992-09-02
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900b
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Wagering money on the outcome of a game,
race, or other event, not necessarily a
sporting event. In the UK, on-course betting
on horses and dogs may be through individual
bookmakers at given odds, or on the tote
(totalizator), when the total amount (with
fixed deductions) staked is divided among
those making the correct forecast. Off-course
betting is mainly through betting `shops'
(legalized 1960) which, like bookmakers, must
have a licence. Football betting is in the
hands of `pools' promoters who must be
registered with a local authority to which
annual accounts are submitted. The size of
the money prizes is determined by the number
of successful forecasts of the results of
matches received; the maximum first dividend
on football pools is fixed at million. In
France, there are no individual bookmakers;
all betting is through the Pari-mutuel, the
equivalent of the British totalizator.