bookmaking

Mathematics of bookmaking “In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The term originates from the practice of recording such wagers in a hard-bound ledger (the ‘book’) and gives the English language the term bookmaker for the person laying the bets and […]

taxes in betting, gambling

General betting duty http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000255&propertyType=document#P396_40585

 

Off-track betting https://en.wikipedia.org/wiki/Off-track_betting