Part 1Interpretation of Key Concepts

Betting

12Pool betting

(1)

For the purposes of this Act betting is pool betting if made on terms that all or part of winnings—

(a)

shall be determined by reference to the aggregate of stakes paid or agreed to be paid by the persons betting,

(b)

shall be divided among the winners, or

(c)

shall or may be something other than money.

(2)

For the purposes of this Act pool betting is horse-race pool betting if it relates to horse-racing in Great Britain.