RBCB - What does RBCB stand for? The Free Dictionary
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Under this Act, bookmakers were obliged to pay a levy ("the Levy") on their off-course horseracing turnover to the Horseracing Betting Levy Board ("the Levy Board") which in turn assumed many of the funding responsibilities of the RBCB.
Under this Act, the RBCB was reconstituted as the Horserace Totalisator Board ("the Tote") and it subsequently acquired Tote Investors Ltd.
The Horserace Totalisator Board, whose members are appointed by the Home Secretary, replaces the RBCB
. The Tote is restricted to offering pool bets on horseracing
's purpose is to provide racegoers with pool betting and to raise money for horseracing.