Online Gambling Guide featuring Best Online Casinos,
Online Gambling Payouts and recommendations for Gambling online
  Top 10 Casinos
  Best Payouts
  New Casinos
  Casino Reviews
  Best Bonuses
  No Deposit Bonuses
  High Roller Bonus
  Biggest Jackpots
  Live Dealers
  Be the Dealer
  Latest News
  News Archives
  Gambling Articles
  Players Guide
  Gambling History
  Gambling Glossary
  Winning Games
  Losing Games
  Do's & Don'ts
  Gambling Quotes
  House Edge
  Money Management
  Gambling Psychology
  Practice for Free
  Gambling Jokes
  Gambling News
  Gambling Books
  Video Poker
  Slot Machines
  Betting Systems
  Real Time Gaming
  Boss Media
  Other Software
  Belle Rock Gaming
  Fortune Lounge
  Bright Share
  Casino Partners
  Vegas Partners
  Casino Profit Share
  Casino Rewards
  Casino Coins
  Other Methods
  Flash Casinos
  UK Casinos
  Casino Affiliates
  Contact Us
Online Gambling Guide by Jerry Whittaker…
The Gambling Wiz        
Online Gambling Guide in your language: Online Gambling | Spanish  Online Gambling | French  Online Gambling | German  Online Gambling | Italian  Online Gambling | Dutch  Online Gambling | Portugese  Online Gambling | Russian  Online Gambling | Chinese  Online Gambling | Korean  Online Gambling | Japanese
"I have put together an Online Gambling resource center that focuses on the best
online gambling games as well as the best gambling sites to increase your odds of winning."
- Jerry Whittaker        

Sports Gambling Bookies

by Jerry "Jet" Whittaker
Nov 11, 2006


Synonyms and definition of Bookies 

A bookie is also known as a turf accountant and in some cases a bookmaker. These generally refer to individuals and in some cases entire organizations with which you might place your bets, taking into accounts the odds involved. In case of winning, the person who places the bets collects their winnings from these individuals and organizations. The workings are also two ways. In case of losses, the individual does not retain their deposited amounts with these bookies. The activities of these bookies might be legal or illegal, depending upon the country or state where these activities are carried on.

International Workings of the bookies

Some countries legalize these activities but only in select cities and states. For example in the United States, gambling is banned in most states across the country. However, there are notable exceptions to this rule, the gambling city of Las Vegas that is situated in Nevada being one such internationally recognized exception. Some countries like the United Kingdom have unofficially accepted the presence of bookies and their operations by not interfering in their activities and at the same time not admitting any disputes arising from their workings into the judicial system. In countries such as Singapore the only legal bookie, organization is a state owned organization and this ensures that malpractices arising from the operations of the bookies are kept to a minimum.

 Objectives and methods of workings of the bookies

The main objective of any individual or organizational bookmaker is profit. The bookie will try to minimize his risks by deflecting larger bets and buying bets from other bookies. They also strive to attain a ‘balanced book’ by inducting the process of point spread. Earlier, bookies used to be physically present at the venue of the concerned events. However, with the advancements in communication technology most bets are now placed either over the Internet or over the phones.


This line of profession can be highly profitable if carried out in the right manner and by professionals who are well versed with the activities and workings of the sports for which they accept bets.









Copyright © 2000-2007 All rights reserved.

Remember, you can beat the odds, but you can't beat the percentages.
Copyright 2000-2009 Online Gambling Guide - All Rights Reserved