Setting the Odds

How do bookies set odds

Bookies set odds based on what Vegas and the biggest bookie websites in the world do, which is take an algorithm based formula that is based on numerous variables which helps them to set the line. Then the rest of the bookies in the world use the opening line that is set in the market … Continue reading Setting the Odds

How do Bookies make Money on Horses?

How do Bookies Make Money on Horses

Bookies make money by accepting wagers on sports and then when the player selects a team or game that loses then the bookie collects the losing amount which will be his profit. But bookies do have other betting options that they can offer their customers besides the more traditional sports bets, such as a virtual … Continue reading How do Bookies make Money on Horses?

How Much do Bookies Make Per Year?

How much do bookies make per year

Bookies accept wagers on sporting events and even though each bet can vary considerably, the end result is that bookies make money when their player’s wagers lose. How much money bookies actually make per year can vary substantially, but depends predominately on how much each of their players bet on each game and how many … Continue reading How Much do Bookies Make Per Year?

You Can Still Make Money Being a Small Time Bookie

How to Be a Small Time Bookie

In the world of bookmaking, there are some serious big players in the industry such as Vegas Style Casinos, large online sportsbooks, and large local bookies that have thousands of players betting with them each day. But what happens if you are just a small time bookie, can you still compete against all the big … Continue reading You Can Still Make Money Being a Small Time Bookie

I Want to Be a Bookie!

I Want to Be a Bookie

If you are seriously interested in becoming a bookie then it is important to know how much money one should have in order to begin this business venture. Truthfully it really doesn’t take much money to get started but it is always good to have some type of bankroll before you begin because you need … Continue reading I Want to Be a Bookie!

Be the Bookie

Be a Successful Bookie

Gambling is fun and it can be quite profitable if you are a skilled gambler that stays on top of the games, but have you considered the possibility of becoming the bookie? Why settle with what you can win in a few bets if you can use your skills and knowledge of sports and wagering … Continue reading Be the Bookie

Opportunities Abound in Sin City

Becoming a Vegas Bookie

Vegas has been the mecca of sports gambling for decades, and although there are sportsbooks backed by some of the biggest names in the casino business, doesn’t mean there aren’t any opportunities left for the small guys. You Just Need to Go for It The truth is the sportsbooks inside the casinos are there for … Continue reading Opportunities Abound in Sin City

How to Make Money While in College?

Becoming a Bookie in College

Being a College student is an exciting and fun time in a young adult’s life, where one can learn a lot, prepare for a career in the real world, and make long-lasting friendships. Considering that the amount of hours spent in the classroom is significantly less than when one is in High School, there tends … Continue reading How to Make Money While in College?

Gray Area Businesses

Are Bookies Illegal?

There has been a dark shadow on sports gambling for as long as anyone can remember, I am of course referring to the question, are bookies illegal? How to Do It Right To say the answer to this is a gray area is an understatement, sports gambling is legal in some parts, most notably Las … Continue reading Gray Area Businesses

Basic Principles of Bookmaking

Sports Bookie

What is a sports bookie? I get asked this question a lot, although most people understand the basic concept of what a bookie is and does, they are not necessarily acquainted with everything that pertains to the job. Gaining the Advantage Quite simply, a bookie is someone who accepts and pays bets on different events, … Continue reading Basic Principles of Bookmaking

How to Make Money as a Bookmaker

Becoming a Betting Bookie

We all what a lucrative industry sports betting is worldwide, and yet some people can’t seem to last long enough in this business to turn a profit, which begs the question what is the secret to becoming a bookie, or more accurately becoming a successful one? The Secret Revealed Anyone who says there is a … Continue reading How to Make Money as a Bookmaker

How Much do Bookies Make?

How Much do Bookies Make

If you are asking yourself this question it’s because you are obviously considering the possibility of becoming a bookie. How much do bookies make? It depends on a couple of things, how good the bookie is and the ability and resources he/she has to offer a great service. Gamblers turn to the local bookie because … Continue reading How Much do Bookies Make?