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A bookmaker, or a bookie, is an organisation or a person that takes bets and may pay winnings depending upon results and, depending on the nature of the bet, the odds. Bookmaking may be legal or illegal, and may be regulated; in the United Kingdom it was at times both regulated and illegal, in that licences were required but no debts arising from gambling could be enforced through the courts. Bookmaking is generally illegal in the United States, with Nevada being a notable exception. Gambling (or betting) is any behavior involving the risk of money or valuables on the outcome of a game, contest, or other event in which the outcome of that activity is partially or totally dependent upon chance. ...
In probability theory and statistics the odds in favor of an event or a proposition are the quantity p / (1 − p), where p is the probability of the event or proposition. ...
State nickname: Silver State, Battle Born State (official) Other U.S. States Capital Carson City Largest city Las Vegas Governor Kenny Guinn (R) Official languages None Area 286,367 km² (7th) - Land 284,396 km² - Water 1,971 km² (0. ...
In some countries, such as Singapore and Canada, the only legal bookmaker is state-owned and operated. In Canada, this is part of the lottery program and is known as Sport Select. A lottery is a popular form of gambling which involves the drawing of lots for a prize. ...
Sport Select refers to a group of sports betting games offered by Canadas provincial governments. ...
Most bookmakers in the USA bet on college and professional sports, though in the UK they offer a wider range of bets, notably on political elections. The probability that it will snow on Christmas day is another common event for betting in the UK. See Election (movie) for the film directed by Alexander Payne. ...
A fresh snowfall in Colorados (USA) high forests. ...
Joseph and Mary with baby Jesus, at the first Christmas Christmas (literally, the Mass of Christ) is a holiday in the Christian calendar, usually observed on December 25, which celebrates the birth of Jesus. ...
By adjusting the odds in his favour 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 reflect the odds. When a large bet comes in, a bookmaker can also try to lay off the risk by buying bets from other bookmakers. The bookmaker does not generally attempt to make money from the bets themselves, but rather profiting from the event regardless of the outcome. Spread betting is a form of gambling on the outcome of any event where the more accurate the gamble, the more is won and conversely the less accurate the more is lost. ...
Traditionally, bookmakers have been located at the racecourse, but improved TV coverage and laxer laws have allowed betting in shops and casinos in most countries. In the UK, bookies still chalk up the odds on boards beside the race course and use tic-tac to signal the odds between their staff and to other bookies. Wikipedia does not yet have an article with this exact name. ...
Increasingly, punters are turning to the use of betting exchanges which automatically match Back and Lay bets between different bettors, thus effectively cutting out the bookmaker's traditional profit margin. Some bookmakers have even taken to using betting exchanges as a way of laying off unfavourable bets and thus reducing their overall exposure. A bet exchange or p2p gambling web site is a fairly recent Internet phenomenon, and is used to describe a web site acting as a broker between parties for the placement of bets (gambling, in other words). ...
Sometimes, savvy individuals set up an illegal book in an attempt to make money - a scene often seen in films, sitcoms and so on. One of the most infamous real-life illegal bookmakers was Robert Angleton of Houston, Texas. Not only was he a bookie, but he also was a police informant about his smaller rivals. When they were shuttered, he took their business. His bookmaking scheme ended with the death of his wife, Doris Angleton. A sitcom or situation comedy is a genre of comedy performance originally devised for radio but today typically found on television. ...
Robert Nicholas Angleton (born 1948) is an infamous bookmaker in Houston, Texas. ...
Downtown Houston Downtown Houston from Buffalo Bayou City nickname: Space City Location in the state of Texas Founded — Incorporated 1836 1837 Counties Harris County Fort Bend County Montgomery County Mayor Bill White Area — Land — Water 601. ...
This article needs cleanup. ...
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