QLDIn ForceAct
Betting Tax Act 2018
sec.8Meaning of lay-off bet
Start here
Get a plain-English read of sec.8
Turn the raw legal text into a practical explanation grounded in Betting Tax Act 2018.
sec.8 Meaning of lay-off bet
A lay-off bet is a bet made by a betting operator (the first betting operator ) with another betting operator to reduce, wholly or partly, the liability of the first betting operator in relation to 1 or more bets made with the first betting operator.