sch.1-sec.13Example 4

### sch.1-sec.13 Example 4 A is convicted of the confiscation offence of carrying on unlawful bookmaking over 5 years. A carried on the business by— taking all bets on credit; and paying all winning bets and receiving all losing bets at the end of each week. The total value of all bets placed with A in the 5 years was $1m. The total value of all losing bets received by A in the 5 years was $600,000. Under section 187 (1) (a) , the benefit derived by A is $600,000. sch 1 s 13 amd 2010 No. 42 s 214 sch (sch.1-sec.13-ssec.1) A is convicted of the confiscation offence of carrying on unlawful bookmaking over 5 years. (sch.1-sec.13-ssec.2) A carried on the business by— taking all bets on credit; and paying all winning bets and receiving all losing bets at the end of each week. (sch.1-sec.13-ssec.3) The total value of all bets placed with A in the 5 years was $1m. (sch.1-sec.13-ssec.4) The total value of all losing bets received by A in the 5 years was $600,000. (sch.1-sec.13-ssec.5) Under section 187 (1) (a) , the benefit derived by A is $600,000. - (a) taking all bets on credit; and - (b) paying all winning bets and receiving all losing bets at the end of each week.