A
What term is used to describe a person who is in favor of the event?
A Backer
What term is used to describe a betting company that offers fixed odds.
A Bookmaker
What term is used to describe a person who is against an event?
A layer
At what rate is a ticket charged Tax at a Bookmaker?
6%
If a ticket is not matched at the start of the match, and no other option is selected, what is most likely to happen to the ticket?
The ticket will be void, and the customer will receive a refund
Karl backs a horse called "Live it up". If his ticket loses, what percentage will be deducted as commission?
R0. Commission is only charged on winning bets.
Jenny backs Liverpool to win a match. In order for her ticket to be deemed valid, what needs to happen before the match begins?
The ticket must be matched by a layer.
Bobby lays against Sundowns. If his ticket wins, what percentage will be deducted as commission?
10% Commission
True / False: The cash-out option is available on the Exchange.
True