Decimal Currency Act 1969

[1963 c. 2.] The Betting, Gaming and Lotteries Act 1963

17In 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.