(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.
Commencement Information
I1S. 12 in force at 1.10.2005 by S.I. 2005/2455, art. 2(1), Sch. (with art. 3)