Bookmakers Licence Conditions

LSU
Topic Author
Premium Member
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Bookmakers Licence Conditions

8 years 1 month ago

Does anyone on here know what a bookmakers licence allows you to offer in terms of products and services? I am just starting my background research and would appreciate any feedback you are able to provide.

Would any products or product type (for example pool betting) be explicitly excluded or limited in any way.

Look forward to any comments,thanks

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Bob Brogan
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Re: Bookmakers Licence Conditions

8 years 1 month ago

#666901

I'll try and get some info for you

Different boards differ though!

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Bob Brogan
Administrator
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Re: Bookmakers Licence Conditions

8 years 1 month ago

#666907

I asked a buddy, he says there is far too much information to type

So he guided me to their websites and says to check out the legislation sections( ps he says KZN by far the strictest)

www.kzngbb.org.za
www.wcgrb.co.za
www.ggb.org.za

The following user(s) said Thank You: LSU

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LSU
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Re: Bookmakers Licence Conditions

8 years 1 month ago

#666917

Thanks Bob

Time to put the fun back into racing for everyone by providing players with real game benefits and advantages. Turnover and profits should be a byproduct of customer satisfaction and enjoyment, not the narrow minded objective that it currently is where little consideration is given to players and their playing experience.

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rob faux
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Re: Bookmakers Licence Conditions

8 years 1 month ago

#666924

LSU wrote: Does anyone on here know what a bookmakers licence allows you to offer in terms of products and services? I am just starting my background research and would appreciate any feedback you are able to provide.

Would any products or product type (for example pool betting) be explicitly excluded or limited in any way.

Look forward to any comments,thanks

Well the Supreme Court ruled the open bet was a fixed odds product ,so heaven knows.
What Phumulela should have done was got the gambling board to be more specific ......would have saved lots of money and embarrassment ......and surely it's not too late!
Problem is "P" so busy fighting they never stop to think!

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rob faux
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Re: Bookmakers Licence Conditions

8 years 1 month ago - 8 years 1 month ago

#666925

The definition of fixed odds should be that "payout cannot change from that which prevailed at time bet is placed" (other than scratch deductions)
The open bet would immediately become illegal,surely.

Last edit: 8 years 1 month ago by rob faux.

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