The license for betting.
The difference between a regular racecourse and a fully licensed racecourse is the reward amount received from betting.
Regular racecourses will only receive compensation from the competitor's entry fee.
However, those stadiums that have a betting license, can also earn a share of the commission from their bets, on top of the entry fees. That's why you need a license.
90% of the fees from betting will return to the winner, and the system will collect all fees.
Then the rewards will be divided into 4 parts.
- 1.The fees will return to the owner of the racecourse at 0.5%
- 2.The fees will deliver 0.2% to the system.
- 3.The fees will be paid to the race winner at a rate of 0.1%.
- 4.The World Grand Prix Pool will be charged a 0.1% fee.