Bookmaker

A bookmaker, bookie or Turf Accountant is person or company that collect bets for sporting events. Bets are placed and the winnings are paid when the chosen team wins or the event happens.  If team that was chosen wins, the person betting will win their money back with some earnings.

Bookmakers are very popular in UK and Ireland. The person betting can chose from many variations. Most bets are made in sports such as football, horse racing and rugby. Bets can also be placed for events such as Academy Awards  or presidential winners. The first known bookmaker in the United Kingdom was Harry Ogden in the1790s.

References

Category:Gambling
Category:Financial occupations