18Reduction of betting duty in case of bets made under certain conditions on sporting events
(1)Where a person while attending a meeting at which a sporting event is to be decided makes with a bookmaker so attending a bet on any sporting event of the same kind, the betting duty chargeable under Part II of the Finance Act, 1926, in respect of the bet shall be a sum equal to two per centum of the amount paid, or offered or promised to be paid, to or to the order or for the use of the bookmaker.
(2)In this section the expression " sporting event " means any race, game, match, or any like event.