💰 Bookmaker - Wikipedia

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A shady character that takes illegal bets on horse races, fights, sports games. Such people usually are robbed regularly as they have large amounts of money.


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Bookie | Definition of Bookie by Merriam-Webster
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Sports betting - Wikipedia
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Do's and Don'ts Sports Betting Tips from a Bookie's Perspective

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How does illegal sports betting work and what are the fears? - BBC News
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How does illegal sports betting work and what are the fears? - BBC News
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The TRUTH About Sports Betting! Watch this before you place another bet.

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A shady character that takes illegal bets on horse races, fights, sports games. Such people usually are robbed regularly as they have large amounts of money.


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Sports Betting Terms: Gambling Glossary - Sports Illustrated
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Bookie Definition
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How Bookies Cheat

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The so-called 'bookies' who take the bets from the gamblers are just the tip Well, there is no specific definition of illegal betting as it may vary.


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How to be a bookie and always win at betting

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Bookmakers can't control the outcome of sports events, but they can control how much they stand to win or lose on any particular result. They set the odds for all.


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How Bookmakers Make Money

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Bookies try very hard to have perfectly even bets For example: If $ is bet on One of the fundamental, appealing aspects of sports betting is that it's The probability of landing on either side of the coin is 50%, meaning the odds shoul.


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How Betting Odds Work - Sports Betting Odds Explained

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Book: The act of quoting odds and accepting bets. Also refers to the accounts handled by a bookmaker and their tally of amounts bet on each competitor. Bookie.


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What Is Bookmaker?

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Bookies try very hard to have perfectly even bets For example: If $ is bet on One of the fundamental, appealing aspects of sports betting is that it's The probability of landing on either side of the coin is 50%, meaning the odds shoul.


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The Truth Is: A documentary of sports betting in Las Vegas

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Bookie is the slang term, or short version, for a bookmaker. Up until the moment that the sporting event occurs, he can adjust the odds to make sure they are in.


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

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The job of a bookmaker or bookie is to accept and pay off bets from gamblers, the wagers are usually on sporting events, but, bookies also.


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Being a Bookie for Dummies, Bookmaker Business (Best Tips), PPH Software

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. Email address. Subscribe today. The vagaries of individual bettors and special information acquired by certain large bettors often make a truly balanced book impossible.

Bookmakinggambling practice of determining odds and receiving and paying off bets on the outcome of sporting events particularly horse racingpolitical contests, and other competitions.

Some races on the flat—such as steeplechase, point-to-point, and hurdle…. Get exclusive access to content from our First Edition with your subscription. Info Print Cite. History at your fingertips. Traditional lotteries….

Sign up here to see what happened On This Dayevery day in your inbox! The casual bettor sports bookie definition thereby insured against such losses as often occurred before the s, when local bookmakers, ruined sports bookie definition the victory of some heavily played horse or team, defaulted and vanished.

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.

These two kinds of racing are called racing on the flat and harness racing, respectively. Bookmaking as a profession is known from the time of ancient Romewhen betting on the outcome of gladiatorial matches or chariot races was commit pokerstars pop up have. Beforeillegally operating bookmakers established a national organization of expert observers who transmit their odds through a sports bookie definition of clearinghouses to individual bookmakers.

Horse racingsport of running horses at speed, mainly Thoroughbreds with a rider astride or Standardbreds with the horse pulling a conveyance with a driver. Submit Feedback. Traditional bookmaking, in which the bookmaker set odds sports bookie definition advance and then accepted bets according to them, was sports bookie definition nature a risky profession—heavy betting in conjunction with unexpected results sometimes due to cheating click here rigged outcome on matches could easily lead to his ruin.

In the modern sense of the sports bookie definition, however, bookmaking did not appear until the late 18th century in England. Casino igre com48originally, a public hall for music and dancing; by the second half of the 19th century, a collection of gaming or gambling rooms.

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In many countries the only legal form of bookmaking, chiefly on sporting events, is done via state-owned or state-supervised organizations. Learn More in these related Britannica articles: pool. 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. Some Commonwealth countries including the United Kingdom, Australia, and New Zealand , Belgium, and Germany permit the open operation of bookmaking organizations. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. 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. Thank you for your feedback. By signing up, you agree to our Privacy Notice. Laying off has led to the creation of several large and heavily capitalized bookmaking organizations that accept only bets laid off by other bookmakers. Morning-line odds, established by legal bookmakers, are printed in the sports sections of newspapers throughout the United States. 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.