Annexe A
Glossary of Terms
The betting rings—the areas allocated
by the racecourse for betting by on-course bookmakers at each
racecourse within its grounds.
Bookmakers' List—Under the National Pitch
Rules, the allocation of pitches on a racecourse depends upon
where a bookmaker appears on the Bookmakers' List for that racecourse.
Each race day, those bookmakers that attend are entitled to pick
where they stand in the betting ring (or on the rails), in the
order in which they appear on the List. This is also commonly
referred to as a "List Position".
Ferguson Agreement—The agreement for delegation
of the administration of on-course bookmaking on racecourses to
on-course bookmakers themselves entered into on 21 July 1958 by
the Jockey Club, National Association of Bookmakers (predecessor)
and RCA. The agreement was terminated on 7 October 1998.
The "five times rule"—Under
the Betting Gaming and Lotteries Act 1963, the admission charge
for an on-course bookmaker made by horse racecourses and greyhound
tracks was capped at a flat rate, set at five times the price
of the admission charge to the public.
National Joint Pitch Council (NJPC)—In
1998 the Horserace Betting Levy Board introduced a system whereby
the NJPC administered the betting rings through the National Pitch
Rules. The NJPC gained its authority via the Horserace Betting
Levy Board under the 1963 Act and its directors include representatives
from the RCA, NAB, and RBA and independent members appointed by
the Levy Board.
National Pitch Rules—between October 1998
and 1 September 2007, amongst other things, the National Pitch
Rules catered for Bookmakers' Lists, maintenance of List Positions
and the transfer of List Positions.
Pitch—a physical position in a betting
ring (owned by the racecourse) from which an on-course bookmaker
may trade on a race day.
October 2007
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