Bookmaker and Bookies – Making Sure to Profit on the Bets

By definition, a bookmaker or a ‘bookie’ is someone who manages the bets made on a sports or event with odds that have been agreed upon. For as long as there have been sports betting, there has been a bookie who always makes certain that they make a profit on the bets that gamblers make on one another. If he has to adjust the odds to go on his favor, he will. He may or may not make a bet himself, but he will make sure that he gets his money’s worth. The bookmaker is one source for gamblers on what or which bet to make. They can make predictions of outcomes and some are well known amongst gamblers to be ‘trustworthy’ when it comes to odds.

For a long time the art of bookmaking was considered illegal, however, there are countries that regard these individuals as just simply doing their jobs and without them no real bets can be made. There is never an event where there is not bookie, they can smell a game a mile away and if there are no gamblers, he makes sure that there will soon be. In the United States, bookmaking is illegal, except of course in the State of Nevada where sportsbooking is also legal. In countries around the world, it is in the United Kingdom where licensed bookies actually exist, ever since the National Lottery came about.

Traditionally, bookmakers were only found on the racetrack, but that has since spread on to other venues, even on the internet where online sports betting has been making such an impact on gambling. With the online gambling, bookies can now manage the bets of gamblers who use credit cards. Technology has not just touched on internet betting, there are also the SMS messages that can be exchanged, the cell phone or landline calls, and with the iPad making the internet highly accessible, the tap of the finger is enough to place the bet. Bookies will remain with mankind for eternity, as long as there is a game to be played or a bet to be made, bookies can smell them and they will make sure that the game keeps on going in their favor.

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29 July 2019

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