Germanys New Betting Arrangement, Daily Racing Form, 1914-04-15

article


view raw text

I 1 1 1 ■ 1 1 1 1 , 1 : I 1 1 I . - 1 i GERMANYS NEW BETTING AKRANGEMENT. Under the provision of the measure to regulate race track belting, shortly !" I" passed by the German government, bookmakers are forbidden to ac cept iK-ts from members of the military forces, and belting on races with gentlemen jockeys is also prohibited. An important provision of the proposed lau makes winning wagers collectible at law. provided I hey are cash wagers. This, it Is believed, will greatly reduce the number of disb.Miest bookuMrbars. The maximum penalty for unlicensed hopkmukJng is m be two years Imprisonment and ,000 tine. as against si months and 812S at present. Bet tors dealing with unlicensed bookmakers also make themselves liable to imprisonment and One and to the liss of all sums wagered, which will be coutis- rated l the state. The government estimates that the new law will produce at least 1914.sh,000,000 yearly, of which ,000 iOO will go to the states where the races are held. to lie devoted to the encouragement of horse breed-in, and 84.000.000 to the federal treasury. Despite the reduction of the tax on pari mill ucl takings, it is not believed that returns will be below the present Ogures, which are approxlmatel] 03.000,000, yearly, since belling through the ma chines is to be permitted, with restrictions, on races outside Germany. Under the existing law the machines may he employed only for dome-tie races. The bill is now before the German Pariiameat mil is expected to become Ian Immediately, and come in" force about May 21 The guarantee money required from each applicant tor a license c. 150,000, and the conditions are that the licensee shall not be tin owner of any race borne or any newspaper or abeet dealing with racing. On e prohibited from betting with jockeys, trainers and with ofOcers who may be riding or in uniform. Considerable latitude is given the race society; for instance, the bookmaker may be refused permission to do business on the course, lie may be admit ted 10 the stands on piniciit of a certain sum. or -nay Ik- parked in a spe ial enclosure f,. whieh the public will only be admitted On payment of a txea sum for the benefit of the race fund. The bookmaker renders himself liable to tin- withdrawal of his license as well as a criminal prosecution if ho makes a wager elsewhere than in his place fit" business or office, which must not be a cafe, restaurant or cje;ar shop.


Persistent Link: https://drf.uky.edu/catalog/1910s/drf1914041501/drf1914041501_1_4
Local Identifier: drf1914041501_1_4
Library of Congress Record: https://lccn.loc.gov/unk82075800