Why Are Bookmakers Called Bookmakers

  • If you want to place a football bet, you have to go to a so-called bookmaker. Bookmakers are gambling companies and offer numerous sports and competition bets. Football betting is by far the most popular and chosen sport among bettors at a bookmaker. Bookmakers provide everything related to sports betting.
  • There are 892 active, bookmakers listed online – local and international – some of them are the best, and you should know which can be trusted with your money.
  • The ranking presents the five leaders of the global betting business.
  • Want details on how to register, deposit, bet and withdraw at the most reputable sportsbooks online? Daily odds updates? Bookmaker Info is the answer.Want details on how to register, deposit, bet.

4: Make money with margins: Only the smart will figure out that bookmakers make money with margins but this is what your bookmaker won't tell you.


A collection of definitions and explanations of “bookmakers” and “bookies” as found in dictionaries, encyclopedias and web sites.

Dictionary definitions of bookmakers

ldoceonline.com (Longman):book‧mak‧er also bookie (informal)
Someone whose job is to collect money that people want to risk on the result of a race, competition etc, and who pays them if they guess correctly.

collinsdictionary.com (Collins): A bookmaker is a person whose job is to take your money when you bet and to pay you money if you win.

merriam-webster.com: A person who determines odds and receives and pays off bets

Encyclopedia definitions of bookmakers

en.wikipedia.org (Wikipedia): A bookmaker, bookie or Turf Accountant is an organization or a person that takes bets on sporting and other events at agreed upon odds. Bookmakers in the United Kingdom focus betting on professional sports, especially horse racing and association football; however, a wider range of bets, including on political elections, awards ceremonies such as The Oscars and novelty bets can also be placed.

investopedia.com: Someone who facilitates gambling, commonly on sporting events, by setting odds, accepting and placing bets, and paying out winnings on behalf of other people. “Bookie” is a slang term for “bookmaker.” Bookies do not usually make their money by placing bets themselves, but by charging a transaction fee on their customers’ bets known as a “vigorish,” or “the vig” (= overround). Bookies may also lend money to bettors.

definitions.uslegal.com: Bookmaking is the practice of laying bets on various possible outcomes of a single event. It is a practice of betting by determining odds, and receiving and paying off bets on sports competitions such as horse racing and the like. The term originates from the practice of recording such wagers in a ledger or a ‘book’ and gives the term bookmaking for the practice of making the book.

Sports

Educational gambling web sites explanations of bookmakers

gamblingbox.org: Bookmakers combine a comprehensive knowledge of statistics, a deep understanding of sporting events and other types of events where there is a winner and a loser and the ability to pull in a profit, no matter how an event turns out.

A bookmaker is generally a very accomplished expert in setting odds. Using their own knowledge and the resources they have available, bookmakers will give odds on a given team winning or losing in a sporting event or, in some cases, will give odds on other events, as well. For instance, a bookmaker could theoretically give odds on the outcome of an election and allow people to place bets on that election, if they wanted to.

The way bookmakers do business ensures that they always do come out on top. This doesn’t mean that you can’t win a bet with them, of course, but they are absolute masters at making certain that their own businesses remain profitable while still providing an opportunity for people to wager on sporting events and other events.

sportsbettingis.com: A bookmaker is a company mainly engaged in giving the possibility to make money bets on outcomes of sports events, participation in these bets and paying out of winnings in case outcomes are not in bookmaker’s favor. Events that bets are made on can be not only sports ones but also political, cultural, etc.

The bookmakers always use the mathematics in their operation, especially its following sections: combinatorial analysis, probability theory and statistics. The main task of the bookmakers is to correctly build betting odds.

Bookmaker ag

“To correctly build betting odds” means to correctly evaluate the chances of each outcome and offer the odds bringing profits to the bookmaker. It is not easy to ensure such a balance. It’s a difficult task with hundreds of specialists working with it. Smaller bookmakers look at odds of larger competitors and only introduce small changes.


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Bookmakers offers are everywhere online and in the media, and you have a lot of choice in deciding which bookies to use for your adventures in online betting. In response to many user requests, we maintain a list of reputable bookmakers that in our experience are good to use and have lived up to their promises.

Reputable Bookmakers: Germany

We feel that these are the best Germany-facing bookmakers in the business at the current time.

It’s best to use a number of bookmakers to ensure that you get the best odds.

Click on the links to see their latest joining offers where available:

There are several bookmakers who are now well-established online and operate, in some cases, all around the globe. All bookies need to obtain the appropriate government licences in each territory or jurisdiction in order to operate there. This is why sometimes you will see a message that they don’t accept customers from your country.

We have found that it’s beneficial to maintain accounts with several bookies so that you can take advantage of not only the initial new customer offers (e.g. free bets) but also new features ongoing special offers that you can use after you become a customer. Naturally, you’ll need to meet the requirement of being minimum legal gambling age (i.e. be 18+ years old) in your jurisdiction in order to become a customer of one of these bookmakers.

One of the enticements that bookmakers often use is the new customer offer. These often come in the form of free bets and/or other forms of welcome bonuses. They also come with specific terms and conditions which you’ll want to check, as they can often sound better than they are in reality.

Our advice is not to get too overwhelmed at what such offers can promise – many punters don’t even use the new customer offers. However, if it’s a sweetener that you are interested in, you will normally find plenty of these available.

Bookie Accumulator Insurance

Some bookmakers give you a refund as a free bet if one leg of an accumulator fails. These often include terms and conditions that apply so make sure that you check the fine print to know all about any limits on these.

For accumulators, it’s often a handy option to use bookmakers who offer acca insurance. This is where, after you place an accumulator bet (e.g. 5 bets), you are offered slightly less potential returns (or sometimes a refund) but one of the acca legs can fail. That’s any leg of your accumulator, which is good because you never know which one it might be.William Hill has accumulator insurance available on a minimum of 5 selections and there is a maximum refund level.

Some bookies have it available on the win-draw-win / full-time result market on a 5 selection minimum and also have a maximum refund level.

You can access all of these bookmakers from the links on this page including any current new customer offers.

Bookmakers Offers: Cash Out

If there has become a fairly standard feature amongst bookmakers, it has to be Cash Out. This is basically where you are offered to take a lower amount of winnings a bet before the finish of an event (or in accumulators, events). This can be particularly useful if you are really not confident that a team will be able to hold on to a lead in the dying minutes of a match! But the bookmakers aren’t silly, so Cash Out is not always available – and sometimes it can become unavailable at the most frustrating times.

Why Are They Called Bookmakers

If your chosen bookie does happen to offer cash out, it therefore pays you to be watching your desktop or mobile screen when your matches are being played out.

Called

Bookmaker Sports Betting

Reference Links:

Definition & history of bookmakers (Wikipedia)

Bookmaker Sportsbook Reviews Bad

We have made efforts to show which bookmakers here are available in your country. However, these are subject to change and often do. Also, please note that laws regarding betting and gaming vary throughout the world. It is your responsibility to ensure that you understand and fully comply with any laws and/or regulations applicable in your own country, state or region. All information correct and up-to-date at the time of writing, but be sure to check the terms and conditions of each bookie offer yourself before proceeding.