Archive for the ‘bookmakers’ Category

  • 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 [...]

  • 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 [...]