Bookie

Filed Under » ,
Dictionary Says

Definition of 'Bookie'

Someone who facilitates gambling, commonly on sporting events, by setting odds, accepting and placing bets, and paying out winnings on behalf of other people. "Bookie" is a slang term for "bookmaker." Bookies do not usually make their money by placing bets themselves, but by charging a transaction fee on their customers' bets known as a "vigorish," or "the vig." Bookies may also lend money to bettors.
Investopedia Says

Investopedia explains 'Bookie'

The types of gambling enabled by bookies are not always legal. Bookmaking and placing bets through a bookmaker can also be illegal. The legality of different types of gambling is determined by state governments. Some people have referred to their broker as their bookie due to large commissions and the broker's insistence on trading with regularity.
Search results for

'Bookie'

  • Betting On The Economy: What Are The Odds? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/Betting-On-The-Economy-What-Are-The-Odds.aspx
    ... almost anything. Assuming such novelty bets were accepted, below are the
    odds that might be quoted by a Las Vegas bookie. Although ...

  • Conduct A Financial Intervention

    http://www.investopedia.com/articles/pf/08/financial-intervention.asp
    ... on obviously risky propositions, often demonstrating a belief that "they're due
    to hit it big." They often borrow large amounts, whether from a bookie or a ...

  • Mechanical Investing Not A Golden Key

    http://www.investopedia.com/articles/stocks/07/mechanical-investing.asp
    ... discrepancy). Unfortunately, just as a bookie can spoil a bet by telling
    too many people a hot tip, so can a trading program. When ...

  • The History Of Options Contracts

    http://www.investopedia.com/articles/optioninvestor/10/history-options-futures.asp
    ... At the beginning of his career, he was basically a stock option bookie, taking the
    opposite side of anyone who thought a particular stock may increase or ...

Related Articles

Partner Links