Horse racing in Great Britain On 6 October 2001, the Government abolished the turnover-based tax on betting, which had been 9% of the stake or the winnings, the punter having the choice to pay a certain small amount or an uncertain large amount. The tax, now based on gross profit, is now effectively indirectly levied on the punters, the cost being absorbed in the odds that bookmakers offer. The last 10 years in the UK has seen massive growth in online gambling. Punters are now going online to place their bets, where technology gives them access to a greater wealth of information and knowledge. Now
Matched betting them from placing very large bets. Bettors whose betting behavior is unacceptable to a given bookmaker risk being banned from that bookmaker's site, this can also be referred to as 'getting gubbed' within the industry. The growth of matched betting has led to the formation of matched betting services - usually subscription-based businesses established to make the process easier with step-by-step instructions and bespoke software, such as oddsmatching. Matched betting, along with all other betting, is tax-free in the UK. Matched betting Mаtched bеtting (also known as back bet matching, lay bet matching or double bеtting) is a bеtting technique