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BETTING CONTROL REGULATIONS 1978 - REG 64

BETTING CONTROL REGULATIONS 1978 - REG 64

64 .         Bet back by means of a betting exchange

        (1)         This regulation applies if a bet back is made by means of a betting exchange.

        (2)         The bookmaker who makes the bet back, or on whose behalf the bet back is made, must record —

            (a)         the details of the bet; and

            (b)         the bet as a bet back; and

            (c)         the number of the betting ticket.

        (3)         The bookmaker who makes the bet back, or on whose behalf the bet back is made, is not permitted to deduct the amount of the bet back from the total of the bets the bookmaker has received —

            (a)         for the race, race meeting or approved event to which the bet relates; or

            (b)         for any other races, race meetings or approved events in relation to which the bookmaker has accepted bets.

        [Regulation 64 inserted: Gazette 14 Jun 2013 p. 2242-3; amended: 25 Jan 2019 p. 201-2.]

[ 65.         Deleted: Gazette 13 Oct 2000 p. 5726.]

[ 66‑67.         Deleted: Gazette 10 Jul 1992 p. 3293.]