[doberso]

Bookmaking, gambling practice of determining odds and receiving and paying off bets on the outcome of sporting events (particularly horse racing), political contests, and other competitions. Some Commonwealth countries (including the United Kingdom, Australia, and New Zealand), Belgium, and Germany permit the open operation of bookmaking organizations.

In the United States there are probably several hundred thousand bookmakers, only a few thousand of whom (in Nevada, New York, and New Jersey) operate legally. A number of casinos in the United States operate as bookmakers in accepting bets on primarily sporting events; this section of the casinos is usually called the sports book. In addition to horse racing, in which the track odds form a basis for bookmakers’ odds, legal bookmaking concentrates on professional sports such as baseball, American football, basketball, and boxing. Morning-line odds, established by legal bookmakers, are printed in the sports sections of newspapers throughout the United States. Before 1950, illegally operating bookmakers established a national organization of expert observers who transmit their odds through a network of clearinghouses to individual bookmakers.

[doberso]

With the spread of the Internet, online betting is now accessible to everyone. You will find thousands of online betting sites. And often, your location does not matter – you can freely register on the platform from most countries of the world. But it is true that many bookies have bad reputation and you can easily lose your money. So select only those companies that are fully legitimate.

[JudithKeeton]

Great topic!