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Betting, Gaming and Lotteries Act 1963
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- UK Public General Acts
- 1963 c. 2
- SCHEDULE 5
- Paragraph 4C
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- 07/01/1996- Amendment
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Betting, Gaming and Lotteries Act 1963, Paragraph 4C is up to date with all changes known to be in force on or before 27 January 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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[F14C(1)This paragraph applies where the amount payable in respect of each betting unit staked by a person winning a bet is or includes a fraction of the betting unit where is not one or more tenths of that unit.E+W+S
(2)Where the fraction is less than a twentieth of the betting unit, the operator may retain it.
(3)Where the fraction is more than a tenth of the betting unit, but exceeds the next lower tenth of that unit by less than a twentieth of that unit, the operator may retain so much of it as exceeds that tenth of that unit.
(4)Otherwise, the amount payable in respect of each betting unit staked by a person winning a bet shall be deemed to be increased —
(a)to the next higher tenth of the betting unit; or
(b)where the fraction concerned exceeds nine tenths of the betting unit, to the next multiple of that unit.]
Textual Amendments
F1Sch. 5 para. 4C inserted (7.1.1996) by S.I. 1995/3231, art. 7(5)
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