🖐 Bookmaker - Wikipedia

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The term bookie is short or slang for "bookmaker." A bookie is someone who facilitates gambling, most commonly on sporting events. A bookie.


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The Math Behind How Betting Odds Are Set - Mach - NBC News

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Illegal Gambling: Numbers, Dice, Bookmaking

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How to beat the bookies and always WIN ON THE BETS

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From Longman Dictionary of Contemporary Englishbookmakerbook‧mak‧er /​ˈbʊkˌmeɪkə $ -ər/ (also bookie informal) noun [countable] DGGsomeone whose.


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How a sneaky loophole lost gambling companies millions! 😮 - BBC

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It remains uncertain, however, exactly when bookmaking as a business began. Unlike some other forms of gambling, bookmaking is essentially the same as it.


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Money Talks inside the world of sports betting. Wed. at 10p

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The Sports Bookmaking Operation Sports Bookmaking Terms When you The bookmaker makes money on losing bets, for which he normally charges


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How to beat the bookies - BBC documentary

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The Sports Bookmaking Operation Sports Bookmaking Terms When you The bookmaker makes money on losing bets, for which he normally charges


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What happens when you take a professional gambler to the dog track - Can You Beat The Bookies?

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It remains uncertain, however, exactly when bookmaking as a business began. Unlike some other forms of gambling, bookmaking is essentially the same as it.


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How Bookmakers Make Money

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Bill Waterhouse Bookmaker Sydney - 10 Nov 1986

Some Commonwealth countries including the United Kingdom, Australia, and New Zealand , Belgium, and Germany permit the open operation of bookmaking organizations. In the United States there are probably several hundred thousand bookmakers, only a few thousand of whom in Nevada, New York, and New Jersey operate legally. Before , illegally operating bookmakers established a national organization of expert observers who transmit their odds through a network of clearinghouses to individual bookmakers. Bookmaking as a profession is known from the time of ancient Rome , when betting on the outcome of gladiatorial matches or chariot races was widespread. More About.{/INSERTKEYS}{/PARAGRAPH} Thank you for your feedback. Email address. In the modern sense of the word, however, bookmaking did not appear until the late 18th century in England. By signing up, you agree to our Privacy Notice. The vagaries of individual bettors and special information acquired by certain large bettors often make a truly balanced book impossible. {PARAGRAPH}{INSERTKEYS}Bookmaking , gambling practice of determining odds and receiving and paying off bets on the outcome of sporting events particularly horse racing , political contests, and other competitions. Laying off has led to the creation of several large and heavily capitalized bookmaking organizations that accept only bets laid off by other bookmakers. Submit Feedback. Learn More in these related Britannica articles: pool. History at your fingertips. A number of casinos in the United States operate as bookmakers in accepting bets on primarily sporting events; this section of the casinos is usually called the sports book. Horse racing , sport of running horses at speed, mainly Thoroughbreds with a rider astride or Standardbreds with the horse pulling a conveyance with a driver. Sign up here to see what happened On This Day , every day in your inbox! Morning-line odds, established by legal bookmakers, are printed in the sports sections of newspapers throughout the United States. The bookmaker seeks in every case to achieve a balanced book—one in which bettors are competing against one another—so that he will profit whatever the outcome of the event. Traditional bookmaking, in which the bookmaker set odds in advance and then accepted bets according to them, was by nature a risky profession—heavy betting in conjunction with unexpected results sometimes due to cheating and rigged outcome on matches could easily lead to his ruin. Traditional lotteries…. The casual bettor is thereby insured against such losses as often occurred before the s, when local bookmakers, ruined by the victory of some heavily played horse or team, defaulted and vanished. Subscribe today. For example, if one bettor bets 6 to 5 on A and another bets 6 to 5 on B in a situation where only one can win, the bookmaker will collect 12 units and pay only 11 units no matter which bettor wins. The Editors of Encyclopaedia Britannica Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree See Article History. Some races on the flat—such as steeplechase, point-to-point, and hurdle…. These two kinds of racing are called racing on the flat and harness racing, respectively. In many countries the only legal form of bookmaking, chiefly on sporting events, is done via state-owned or state-supervised organizations. Get exclusive access to content from our First Edition with your subscription. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Casino , originally, a public hall for music and dancing; by the second half of the 19th century, a collection of gaming or gambling rooms. Info Print Cite.