5. c. 58) was an Act of the Parliament of the United Kingdom and had three sections: Betting, Lotteries and Prize Competitions, and General.

On course bookmakers and totalisators were also restricted to betting on a maximum of 104 days per annum.

Power was given to local councils to issue (and revoke or refuse) the betting licences required and the 104 appointed days of trading must be published in advance.

The racecourse and tracks were to charge on course bookmakers a specified admission price and it was illegal for under 18 to be involved in any betting organisation.

The restriction to 104 days was primarily brought in due to rapid growth of greyhound tracks after 1927 and the associated gambling implications that had followed.