(1) A person who by any deception obtains for himself or herself or another person any pecuniary advantage is liable on conviction on indictment to imprisonment for 5 years.
(2) The cases in which a pecuniary advantage within the meaning of this section is to be regarded as obtained for a person are cases where—
(a) he or she is allowed to borrow by way of overdraft, or to take out any policy of insurance or annuity contract, or obtains an improvement of the terms on which he or she is allowed to do so; or
(b) he or she is given the opportunity to earn remuneration or greater remuneration in an office or employment, or to win money by betting.