SIGN UP LOG IN
 

Bookie Review

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z OTHER

What Is Bookie ?

An investor whose business is to take bets on the latest events, predominantly sporting activities, or at pre-arranged odds usually gets the name bookie; bookie is an abbreviation of a bookmaker. Players can only stake in odds, players who bet with odds at 5-1 at a particular time before an event takes place faces the challenge of increasing or decreasing either before or after placing a bet. The bookie will, in turn, pay the player five times the amount invested based on the agreement that guides the prearranged 5-1 odds.

Bookie Explained

Most bookies around the world are one way or another members of IBAS (Independent Betting Adjudication). A bookie has the opportunity to operate either legally or illegally in any society even though a monitoring body regulates the profession. They have several means of making money, like adjusting the odds in their favour, organising a point spread or spread bet (this is a way in which bookies keep outcomes in their favour as they try to find their way trading on the price changes in the financial market which include currencies, shares, commodities and so on).

The traditional way bettors go about making a bet with a bookie is either by visiting a betting shop, making an agreement via the telephone or preferably at the venue of an event. Activities like this have over time changed as the internet has made things much more comfortable for people to bet on their phones or apps without necessarily visiting a betting shop. Since it has become legal to gamble online, most bookies have now come up with their various online brands by obtaining white label websites from more prominent firms. With the help of the internet, bookies now have the advantage of taking bets online even from foreign countries that legalise gambling and as well from companies that have the legal gambling age from 18 years and over.

As might be the case, the old style bookies have suffered a lot of setbacks as online bookies offer better odds being at an advantage with their lower overheads and arbitrage, giving them the benefit of price differences between two or more markets. Most online bookies, particularly new ones, offer special offers and discounts or bonuses to new customers to entice them so they might open an account with them and make their first deposits.


MOST POPULAR ONLINE CASINO & SPORTSBOOK WIKI TERMS

SpadeGaming

SpadeGaming has been around since 2007. They make a positive contribution to the world of online gaming. Since…

Red7

Red7 Mobile Ltd operates under the licence of Bally Gaming Inc, regulated by the UK Gambling Commission. The…

Backdoor

What is Backdoor ? Commonly called a backdoor straight, a backdoor is a hand in poker where three…

HighWeb Ventures N.V.

Established in 2014, HighWeb Ventures N.V. powers several online casinos and sportsbooks. Games are available in multiple languages,…

Malay Odds

Betting odds are a numerical expression of an event happening, typically in a sporting event or horse race.…

Oring Ltd

Oring Ltd is a Malta-based company that owns two major online brands including Twin Casino and Oddsring Sports.…

BlueBet Pty Ltd

At Randwick Racecourse, punters will find the Australian owned bookmaking operation, BlueBet Pty Ltd. At the steer of…

Endorphina

Endorphina is a highly reputable, premium and famous name in the online casino industry. They are serving the…

Mybetting Deals Tools

Surebet by BetBurger

Surebet by BetBurger

BetBurger is a service focusing on arbitrage bets, also known as sure bets. It turns sports betting into an investment.

Matched Betting by OddsMonkey

OddsMonkey

OddsMonkey offers matched betting services with features to enhance your profits with the best betting offers.

Live Sport Results and Statistics

Live Scores

Always keep ahead of the sports betting game with our real time results and statistics!

2000+ Free Slots

Play the best online slots and your favourites from the biggest developers for free right here!