Betting Site Reviews
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Bookmaker Reviews FAQs
What is a bookmaker?
A bookmaker or bookie is an organisation or person that accepts and pays off bets on sporting and other events at agreed-upon odds.
Bookmakers in many countries focus on accepting bets on professional sports, especially football (soccer) and horse racing, although a wider range of bets on other sports, plus non-sporting events such as political elections, awards ceremonies and even television shows, are accepted by bookmakers in some countries.
The first bookmaker, Ogden, stood at Newmarket in England in 1795.
What does bookie mean?
The term ‘bookie’ or 'booky' is short or slang for "bookmaker." A bookie is someone who facilitates gambling, most commonly on sporting events.
How do betting odds work?
Odds can be displayed in several ways but the most common are Fractions or Decimals.
Betting odds represent the likelihood of an event happening. The odds enable you to work out how much money you will win if your bet wins.
Less likely events tend to have higher odds and offer larger financial reward, while more likely events have a lower risk attached and therefore a lower reward.
As an example, with odds of 4/1, for every £1 you bet, you will win £4. There is a 20% chance of this happening, calculated by 1 / (4 + 1) = 0.20.
How many online bookmakers are there in the UK?
There are over 80 online bookmakers licensed to operate in the United Kingdom. The legal betting age in the UK is 18 years and sports betting here is completely tax-free for all players.