You can read more about the legal definition of betting in Part 1 section 9 of the Gambling Act 2005 (opens in a new tab) Guidanceīetting: advice for remote, non-remote and betting intermediariesĪdvice note for remote, non-remote and betting intermediaries - October 2013 (updated October 2014)īetting on lotteries and lottery themed gaming products one party to the transaction knows that the thing has already occurred or failed to occur.the thing has already occurred or failed to occur.A transaction that relates to the likelihood of anything occurring or not occurring may be a bet within the meaning of section 1 even if: one party to the transaction knows the outcome.ģ.the race, competition, event or process has already occurred or been completed.A transaction that relates to the outcome of a race, competition or other event or process may be a bet within the meaning of section 1 even if: the likelihood of anything occurring or not occurringĢ.the outcome of a race, competition or other event or process.There are three separate definitions of betting under The Gambling Act 2005.

Betting vs gambling