Gambling in the United Kingdom a licence to sell alcohol to facilitate betting on the premises. Most pubs in the UK have a one-armed bandit of one kind or another, but the prizes are strictly controlled. The law allows larger prizes in private clubs. "Betting duty" at 6.75% was applied to sports bets until 2001 when it was replaced by a 15% tax on gross profits. From 1 December 2014, the Gambling (Licensing & Advertising) Bill will change the taxation of remote gambling from a 'place of supply' basis to a 'point of consumption' basis. The betting industry alone is reported to contribute £6 billion
Arbitrage betting who they suspect of engaging in arbitrage betting. Although arbitrage betting has existed since the beginnings of bookmaking, the rise of the Internet, odds-comparison websites and betting exchanges have made the practice easier to perform. On the other hand, these changes also made it easier for bookmakers to keep their odds in line with the market, because arbitrage bettors are basically acting as market makers. In Britain, a practice has developed in which highly experienced "key men" employ others to place bets on their behalf, so as to avoid detection and increase accessibility to retail bookmakers and allow the financiers