Hill's: Removal Of Gambling Tax Has Increased Opportunities

One bookmaker has claimed that punters are more inclined to put bets on very short-priced favourites since the gambling tax was removed in October 2001.

More opportunities for betting have been created since the gambling tax was abolished seven years ago, according to bookmaker William Hill.

Indeed, public relations (PR) manager at the company Jennie Prest has said that punters may be more inclined to put their money on short-priced favourites since the nine per cent tax was removed.

This is an event that rarely occurred when the gambling tax was in place, the PR boss stated.

"But now that there's no tax for the punters, you can price up something where somebody is 1/100 favourite and punters may want to still have a go," Ms Prest remarked.

Explaining further, she said that putting down a "big outlay" to win small amounts may be an option for some.

A recent survey conducted by the Gambling Commission found that 17 per cent of British people placed a bet on horse racing in 200, while six per cent bet on other sports.