Restrictions on betting

(1) No person shall bet on the result of any race held or conducted by a race club except with a licensed book-maker and in an endosure approved by the Commissioner and set apart for this purpose by that club. (2) No person other than a licensed book-maker shall offer or receive bets on the result of any race held or conducted by a race club and no such bet shall be offered or received except in the enclosure referred to in sub-section (1).