Bookie Review

What Is Bookie ?

An investor whose business is to take bets on the latest events, predominantly sporting activities, or at pre-arranged odds usually gets the name bookie; bookie is an abbreviation of a bookmaker. Players can only stake in odds, players who bet with odds at 5-1 at a particular time before an event takes place faces the challenge of increasing or decreasing either before or after placing a bet. The bookie will, in turn, pay the player five times the amount invested based on the agreement that guides the prearranged 5-1 odds.

Bookie Explained

Most bookies around the world are one way or another members of IBAS (Independent Betting Adjudication). A bookie has the opportunity to operate either legally or illegally in any society even though a monitoring body regulates the profession. They have several means of making money, like adjusting the odds in their favour, organising a point spread or spread bet (this is a way in which bookies keep outcomes in their favour as they try to find their way trading on the price changes in the financial market which include currencies, shares, commodities and so on).

The traditional way bettors go about making a bet with a bookie is either by visiting a betting shop, making an agreement via the telephone or preferably at the venue of an event. Activities like this have over time changed as the internet has made things much more comfortable for people to bet on their phones or apps without necessarily visiting a betting shop. Since it has become legal to gamble online, most bookies have now come up with their various online brands by obtaining white label websites from more prominent firms. With the help of the internet, bookies now have the advantage of taking bets online even from foreign countries that legalise gambling and as well from companies that have the legal gambling age from 18 years and over.

As might be the case, the old style bookies have suffered a lot of setbacks as online bookies offer better odds being at an advantage with their lower overheads and arbitrage, giving them the benefit of price differences between two or more markets. Most online bookies, particularly new ones, offer special offers and discounts or bonuses to new customers to entice them so they might open an account with them and make their first deposits.