Detailed description
If you want to place or arrange bets on public horse performance tests as a bookmaker on a commercial basis, you need a permit.
Permission is granted for
- the location where bets are accepted or placed and
- the persons you use to place and arrange bets.
Bookmakers can
- independently conclude betting contracts in their own name and for their own account in public performance tests for horses (e.g. horse racing) or
- arrange betting contracts for a totalizator or other bookmaker or
- conclude betting contracts in one’s own name but on behalf of others.
The bets must be offered at fixed odds on the race track for the races taking place on the race day. Otherwise, the bookmaker is free to offer the bets at the totalisator rate.
As a bookmaker, you can have employees (bookmaker assistants) represent you in the exercise of the bookmaking business when arranging and concluding horse bets.