The M1Betting, Gaming and Lotteries Act 1963U.K.
17U.K.In Schedule 5 to the Betting, Gaming and Lotteries Act 1963, there shall be substituted for paragraph 5 the following paragraph—
“5Where the amount payable in respect of each betting unit staked by a person winning a bet is or includes a fraction of a new penny, then—
(a)if that fraction does not exceed one-half, it may be retained by the operator; but
(b)if that fraction exceeds one-half, the amount payable in respect of each betting unit staked by the said person shall be deemed to be increased to the nearest multiple of a new penny.”
Modifications etc. (not altering text)
C1The text of s. 17(1)(2), Sch. 2 paras. 1, 3, 4, 11, 13–15, 17–19, 22, 24–28, 29, 31, Sch. 4 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not, except as specified, reflect any amendments or repeals which may have been made prior to 1.2.1991.