We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is a Bookmaker?

By G. Wiesen
Updated May 23, 2024
Our promise to you
Sports n' Hobbies is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At Sports n' Hobbies, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

A bookmaker is a person who accepts bets on a variety of different competitions or unpredictable outcomes, though usually sporting events. He or she will typically set the odds or rates for how a bet will pay out if successful, and typically uses points spreads in an effort to offset the potential loss he or she may take from bets made. This work usually involves a high understanding of the various factors that can go into a sporting event and knowledge of the various teams and what is happening with each. A bookmaker may be able to work legally in some areas, while other areas may outlaw bookmaking or relegate such work to government agencies.

Also called a bookie, a bookmaker will typically establish the odds involved with a sporting event or similar situation on which he or she will take bets. In general, he or she will actually take bets and accept money as well as pay out money to winners, though this may depend on the organization being run. Some bookmakers may work in areas where such gambling is illegal, but still make predictions and set odds for winning or losing simply out of enjoyment of the practice. In some areas, a bookmaker may even set odds and take bets on a number of non-sporting events, such as the outcome of a political election.

A bookmaker will typically make money on events not based on who wins or loses, but simply by virtue of the bets being placed. By setting odds in the right way, a bookmaker can still make a profit even with a high payout due to the total number of bets placed. This practice is usually what will set apart bookmakers who are profitable from those who are unable to continue to operate. Many bookmakers also utilize a “points spread” system to better offset potential losses. This type of system establishes a margin by which a team must win in order to payout to someone betting on that team.

The legality of what a bookmaker does typically depends on the country in which he or she is living and working. In the US, for example, bookmaking is typically illegal and can only be done legally in the state of Nevada. Other countries, such as Canada, Sweden, and Japan, have legalized the practice but such operations are controlled and operated by the government. In the UK, on the other hand, the legality of bookmaking has often gone back and forth, though it has become legal and now contributes to the national economy.

Sports n' Hobbies is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Related Articles

Discussion Comments
Sports n' Hobbies, in your inbox

Our latest articles, guides, and more, delivered daily.

Sports n' Hobbies, in your inbox

Our latest articles, guides, and more, delivered daily.