Bookie Definition - What Does Bookie Mean? - Sports King

Definition of Bookie A bookie is the individual or organization that accepts wagers on sporting events and other proceedings based on odds that the bookie posts. In some cases, the odds are negotiable, but this is rarely the case with modern bookies. Bookies are also known as bookmakers, sportsbooks, the house, backers, risk-takers, shills and speculators. Usually, one places a bet with a bookie by giving him the entire amount of the wager. If the bet loses, no further action is required. If the bet wins, the bettor goes back to the bookie and collects his bet and winnings minus the vig. In popular culture, we tend to associate bookmakers with sports, especially horseracing. But bookies take bets on a wide array of events, including political elections, the Oscars and BAFTA, high-profile day of births, and so on. Many gambling novices tend to look at a wager with a bookie as a bet against the bookie: me versus him. But it doesn�t work that way. Bookies want to avoid risk. They do that by balancing the action on both sides of the bet. If the action is �A� versus �B,� you bet $100 on �A� and another person wagers $100 on �B,� then the bookie has no risk. Instead, he makes his profit, called the vig or the take, as a percentage, generally 4.5%, of the winnings. Gaming content intended for mature audiences only GambleAwarePlease Gamble Responsibly

Recent Articles

Bobby Orr And The Insane Plus 124 Season

Who Might Be Fighting on the UFC's White House Card?

Why Wayne Gretzky Chose Number 99

The Best Games Ever Played on Christmas Day

What Was The Longest Winning Streak in NFL History?

Deacon Jones and the 173.5 Sacks the NFL Never Counted

The 2010 Chargers: The NFL's Best Team That Missed the Playoffs

Jim Brown: The Only Player to Win MVP in His First Two Seasons

The Sunday Nobody Cheered

Coaches Who Won Both a College Title and the Super Bowl

Dictionary

First TD Shirt Odd/Even

Guillotine Fantasy League

Alternative 1st Half Asian Spread

1st Half Asian Spread

Alternative Asian Spread

Asian Goal Line

Asian Spread

1st Set Money Line

Top Golfer by Category

Home Runs O/U

Education

Rugby Betting in the UK: Where to Bet

Best Horse Racing Betting Sites in the UK

How To Start Betting Online in the UK

Scottish Premiership Betting Guide - Odds, Markets & Match Insights

Beginner's Guide to Football Betting

Harness Racing Betting

Horse Racing Odds

What is Ante-Post Betting?

Curling Betting: Where To Bet on Curling

Betting Odds Explained - A Guide to Understanding Odds

How Do Decimal Odds Work in Sports Betting?

Events

UFC 324 Betting

NBA Betting

Motogp Betting

Cricket Betting

Sheffield Shield Betting

Nicknames

The Process

Rambo

El Ariete (the Ram)

Rodri

Mr. Hockey

El Mister, The Night Tactician

Messinho

Lucho

El Nino Moi (the Boy Moi), The Diamond of Ecuador

Super Frank, Lamps

Horse Races

Ultima Handicap Steeple Chase

City of Auckland Cup

Sky Bet Supreme Novices Hurdle

Royal Ascot

Upcoming Fights

Paddy Pimblett v Justin Gaethje

Upcoming Contests

Australian Open 2026

Dakar Rally

International Content

Bet365 Recenzja i Bonus: Perspektywa Polskiego Gracza (Kod THEKING)

Cuotas de Apuestas del Abierto de Australia 2026 - Dónde Apostar Online

Apuestas River Plate - Siguiendo a los Millonarios desde Argentina

Apostar en la Liga Profesional Argentina 2026

Parier sur les Canadiens de Montréal

Bet365 boonuskood - minu kogemus Eesti mängijana

Bet365 Ελλάδα Κωδικός Μπόνους και προσφορά εγγραφής

Article Archive

Baseball (139)

Basketball (290)

Boxing (149)

Football (915)

Golf (32)

MMA (300)

Other (783)

Soccer (2233)

Tennis (97)

Contact Us

Contact Us