Archive for the ‘Bookmakers’ Category

  • Internet gambling

    Tuesday, July 20th, 2010

    With the arrival of the World Wide Web, many bookmakers have an online brand, although independently owned bookmakers often still maintain a “bricks and mortar” only operation and others operate a “skin” or “white label” operation which they purchase from one of the large firms as is the case with BetDirect and Betterbet . The [...]

  • United Kingdom gambling industry

    Thursday, May 6th, 2010

    Traditionally, bookmakers have been located at the racecourse, but improved TV coverage and modernisation of the law have allowed betting in shops and casinos in most countries. In the UK, on-track bookies still mark up the odds on boards beside the race course and use tic-tac or mobile telephones to communicate the odds between their [...]

  • Legality of the bookmakers

    Tuesday, March 16th, 2010

    Bookmaking may be legal or illegal, and may be regulated; in the United Kingdom it was at times both regulated and illegal, in that licences were required but no debts arising from gambling could be enforced through the courts. Now, since the inception of the National Lottery, not only is it completely legal in the [...]

  • Operational procedures of the bookmakers

    Thursday, February 18th, 2010

    By adjusting the odds in his favor or by having a point spread, the bookmaker will aim to guarantee a profit by achieving a ‘balanced book’, either by getting an equal number of bets for each outcome, or (when he is offering odds) by getting the amounts wagered on each outcome to reflect the odds. [...]

  • Bookmakers

    Tuesday, January 19th, 2010

    Bookmakers on a greyhound race course, Reading, UK A bookmaker, or bookie, is an organization or a person that takes bets on sporting and other events at agreed upon odds. Range of events Most bookmakers in the United States bet merely on college and professional sports, though in the United Kingdom and Ireland they offer [...]