Racecourse bookies have been unable to work since horse races resumed without spectators in June. The good news is UK racecourses to waive bookie fees once the government allows spectators to watch the races.
The horse racing industry suffered a lot during the pandemic. The government banned spectators from races since the middle of March. Thus, racecourses lose six months’ worth of revenue from spectators. Most on-course bookies were jobless since the first UK lockdown due to the pandemic.
Recovery will be hard for bookies. Racecourses are likely to have limited spectators. The good news is that the waived bookie fees will lower bookies’ overheads. Also, it will revive the betting industry.
UK Racecourses to Waive Bookie Fees
According to pay per head sportsbook reports, bookies appreciate the waived fees. It would save them between £80 and £120 in savings for each racing day. Also, that amount can mean a lot for struggling companies.
Today might not be the ideal time to open a bookie business in the UK. Lockdowns are ongoing, and it would take several months to go back to normal. According to Arena Racing Company, they were waiving the fee to allow racing fans to enjoy the experience of watching races live again. Also, they want to work with the betting industry.
The government’s announcement of allowing spectators at races surprised racecourse executives. Also, the government announced a new tier system for the country. Racecourses within tier 1 region can have a maximum of 4,000 spectators or half of their capacity, whichever is lower. Those within the tier 2 region will allow up to 2,000 or half the capacity, whichever is lower.
If you want to become a bookie, the most logical approach is to start your bookie website. You can still accept wagers on horse races if the pay per head software has a racebook alongside the sportsbook.