RBC commenced its activities on 1st September 2022 as the successor organisation to AGT. It is a company limited by guarantee.

Under contract to the 59 British racecourses, RBC is responsible for the administration of racecourse bookmakers and the conduct of on-course betting.

RBC is represented at all race meetings by its Betting Ring Managers who, amongst other duties, carry out the allocation of pitches to on-course bookmakers and help to settle disputes between the bookmakers and their customers. The Betting Ring Managers also help bookmakers and racecourses to satisfy the conditions of their licences as issued by the Gambling Commission and local authorities respectively.

Centrally, RBC has a small office located in Huddersfield which deals with the authorisation of bookmakers and their employees, the maintenance and updating of the bookmakers' lists, list position transfers, late pay, finance and policy.