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In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making the book'.
An odds compiler (or trader) is a person employed by a bookmaker or betting exchange who sets the odds for events (such as sporting outcomes) for customers to place bets on. . Apart from pricing markets, they also engage in any activity regarding the trading aspects of gambling, such as monitoring customer accounts and the profitability of their operati
Arbitrage betting involves relatively large sums of money, given that 98% of arbitrage opportunities return less than 1.2%. [2] The practice is sometimes detected by bookmakers, who often hold an unfavorable view of it, [3] and in the past this could result in half of an arbitrage bet being canceled, or in extreme cases, even the closure of the bettor's account.
The law on betting on horse racing and lotteries was passed by the German legislature and came into force on 1 July 2012. [12] Since then, a tax of 5% of the bet must be paid to the tax authorities for all sports betting (offline and online). This affects the entire sports betting market in Germany.
Financial betting refers to the wagering on the price development of a financial instrument at some later date relative to the current price or level of the instrument, against odds offered by a bookmaker. Maximum potential pay-off of the wager is known when the bet is taken and as a corollary risk is known beforehand by being limited to the ...
The Chiefs had a great season in the NFL standings, but not for bettors.
Michael "Roxy" Roxborough (born 1951) is an American odds maker, syndicated columnist, teacher and author. He is best known as founder and owner of Las Vegas Sports Consultants (1982–1999), the international odds making company licensed by the Nevada Gaming Control Board. Roxborough is credited with introducing mathematical formulas and ...
The betting platform Polymarket has seen its trading volume surge, with $1.24 billion in October alone. A $30 million bet on Trump has raised questions about how big bettors can swing the odds.