"At the same time it should be stressed that while we now have agreements with Northern and Arena, there is still a long way to go to secure the future of oncourse bookmakers
and we are hopeful this will be a catalyst for further agreements.
A pounds 50 stake or pounds 500 liability would be a respectable compromise, giving punters a decent bet and protecting bookmakers
from excessive risk.
In this case, the way the bookmakers
bet was understandable, although it does not excuse those who manipulate the each-way terms on races when it is unnecessary.
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In the latest chapter, bookmakers
have been referred to as being "disingenuous" and it has also been stated that "it's only right they should pay their way and contribute to the industry".
Five years ago the Racecourse Association, due to provisions in the Gambling Act 2005, said it would no longer recognise bookmakers
' list positions from September this year, pitches that bookmakers
had spent thousands of pounds buying.
and racing agree a levy contribution before October 31 the matter will again be referred to the government for arbitration.
The report, commissioned by the Association of British Bookmakers
, also highlighted the effect the betting industry has on regional economies and said that in total it contributed pounds 3.2 billion to the UK economy.
AFTER a great week of racing and punting at Royal Ascot, I ponder again the future of on-course bookmakers
FURTHER to the letter on bookmakers
failing to give the correct each-way terms (April 1), I wrote to the Racing Post about this some time ago and my letter was forwarded to the authorities, who said the deregulation was good and allowed bookmakers
to offer one-third place odds if they so wish.
The AGT website (agt-ltd.co.uk) indicates that the organisation has five members: one each from the National Association of Bookmakers
, Rails Bookmakers
Association and Association of Racecourse Bookmakers
, and two independent members.
came close to offering British racing a guaranteed pounds 75 million for the 2011-12 levy scheme, the Racing Post can reveal, as division within their ranks emerged during discussions about a rollover proposal.