Betting involves the making or accepting of a bet based on the outcome of an event or process (such as a race or competition): the likelihood of something happening (eg a white Christmas) or whether something is true or not.
It is defined and controlled by the Gambling Act 2005.
It is a hugely complex and diverse area of law with various forms of betting being permitted.
General betting licence holders are able to offer facilities for betting from betting shops (off course), on track (on course) and by remote means (including online gambling).
Pool betting incorporates racecourse pool betting, football and other sports pool betting and fantasy football type competitions. Pool betting can be conducted remotely or non-remotely.
There is also legislation relating to betting intermediaries and spread betting.
All those offering betting are likely to require an operating licence; they may also require a premises licence and personal management licence.
If we can assist you in any way, or if you simply want to discuss any licensing & gambling issue, please contact us at any time.
Due to the myriad of issues that can arise from these processes it is advisable to take legal advice prior to offering any form of betting facility.