betting shops

betting shops
   Betting shops appear on every British high street. The following companies operate shops: Ladbrokes (1,906 shops), William Hill, owned by Grand Metropolitan (1,510), Coral Racing, owned by Bass (833) and Stanley Racing (564). Fears of monopoly have led to the ‘440 yard’ rule. Because most people walk to place a bet, when a merger of ownership is proposed between two shops within that distance, one must be sold to increase competition. It is generally assumed that betting shops receive the bulk of consumer spending on gambling; in fact casinos, at £2,461m, account for more than twice the amount spent in betting shops (£1,225m) and both bingo (£811m) and football pools (£823m) are close runners-up. Total betting shop revenue is about the same as the Government’s Premium Bonds (£1,279m), though these do have an investment element.
   There is no tax on ‘on course’ betting which accounts for an estimated 10 percent of the overall total, but the government takes 37.5 percent of stake money on football pools, 9 percent on general betting and 12 percent on the National Lottery. Most bets are still on horse and greyhound racing, but in recent years betting shops have extended the range of bets they will take. Some are ‘exotic’, such as the likelihood of a human landing on Mars, but they are usually still sportrelated: the outcome of games in the soccer World Cup, the half-time score of particular matches, the first player to score and so on.
   Betting shops are traditionally an integral part of working-class life. They reflect a tradition of interest in horse racing, which is both upper and lower class and from which the middle class are by and large excluded. The puritanism of the latter in regard to gambling has been tempered only by government sponsored Premium Bonds and the National Lottery, and many middle-class people only bet on the Grand National and perhaps the Derby. Expenditure on betting and gaming by the average household has declined in real terms during the period 1983–96 by 32.3 percent, to 90 pence per week, but this is misleading because individual gamblers spend much larger sums and the National Lottery has taken up much of the slack. Periodic claims are made that betting shops will be made more alluring to punters, through such measures as the serving of refreshments or providing comfortable chairs. In practice they remain largely male haunts, where, because of legal constraints, passers-by may not even see in through the windows and the family is excluded.
   See also: Grand National; horse racing

Encyclopedia of contemporary British culture . . 2014.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • betting shop — betting shops N COUNT A betting shop is a place where people can go to bet on something such as a horse race. [BRIT] Syn: bookie s …   English dictionary

  • betting shop — noun a licensed bookmaker s shop that is not at the race track • Regions: ↑United Kingdom, ↑UK, ↑U.K., ↑Britain, ↑United Kingdom of Great Britain and Northern Ireland, ↑Great Britain • Hypernyms: ↑shop …   Useful english dictionary

  • betting shop — UK / US noun [countable] Word forms betting shop : singular betting shop plural betting shops British a place where you can bet money on something, for example the results of a horse race …   English dictionary

  • Parimutuel betting — (from the French language: pari mutuel , mutual betting) is a betting system in which all bets of a particular type are placed together in a pool; taxes and a house take or vig are removed, and payoff odds are calculated by sharing the pool among …   Wikipedia

  • Fixed Odds Betting Terminals — (FOBTs) are computerised machines normally found in betting shops which allow players to bet on the outcome of various games and events with Fixed Odds. They were introduced to UK shops in 2002 by a company called the global draw , shortly after… …   Wikipedia

  • Sky Betting and Gaming — Industry Gambling Headquarters Isleworth, London and Leeds, West Yorkshire Products Sports betting …   Wikipedia

  • Gala Coral Group — This article is about a UK betting, bingo and casino operator. For GALA Group, the online gaming group based in Japan, see Gala Inc. Gala Coral Group Type Private Industry Betting and Gaming Founded Coral (1926), Gala (1991) …   Wikipedia

  • Ladbrokes — Infobox Company name = Ladbrokes PLC type = Public foundation = 1886 location = Imperial House, Imperial Drive, Rayners Lane, Harrow, Middlesex HA2 7JW industry = Gambling products = Sports betting, Financial betting, Poker, Casino, Games, Bingo… …   Wikipedia

  • The Tote — The Horserace Totalisator Board, more commonly known as The Tote, is a British bookmaker, with over 500 betting shops, and outlets on Britain s 59 racecourses. It is the only organisation in the UK which is allowed to run pool betting on… …   Wikipedia

  • Bookmaker — A bookmaker, bookie or turf accountantfact|date=September 2008, is an organization or a person that takes bets and pays winnings depending upon results and, depending on the nature of the bet, the odds. Range of events Most bookmakers in the… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”