Exactly. The point is that the laws as framed may not cover that situation. Having checked with a UK lawyer friend, though, it would almost certainly still be illegal in the UK, and the only reason I say "almost" is because everywhere, going to law is a lottery with unreliable odds.
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That seems even more illegal... You're describing betting on a coinflip with a 10% vig.
Exactly. The point is that the laws as framed may not cover that situation. Having checked with a UK lawyer friend, though, it would almost certainly still be illegal in the UK, and the only reason I say "almost" is because everywhere, going to law is a lottery with unreliable odds.