Investopedia

Continue to Site »

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.

Articles Of Interest

  1.

    Winning The Jackpot: Dream Or Financial Nightmare?

    Don't assume all prizes are free. Many come with enough costs to render them worthless.

  2. Are You Investing Or Gambling?

    We look at ways in which gambling creeps into trading, and what may drive an individual to trade - or gamble - in the first place.

  3. Going All-In: Comparing Investing And Gambling

    People often compare stocks to gambling, but how close are they really?

  4. The Good And Bad Of National Lotteries

    Here's a look at some of the positives and negatives of national lotteries.

  5. Investing Vs. Gambling: Where Is Your Money Safer?

    Many people who have never invested before see it as just another form of gambling. Find out the truth.

  6. Making Money In Las Vegas

    It's never been a worse time to break into the ranks of Vegas dealers and pit bosses.

  7. States That Spend The Most On Lottery Tickets

    Here are the areas in the U.S. that spend plenty of money on lottery tickets.

  8. In Praise Of Lotteries

    Lotteries are horrible investment alternatives, but they ought to be better respected as entertainment options.

  9. The Evolution Of The Gaming Market

    The gaming market has a rich history in America, from lotteries in colonial settlements and card games in old west saloons to today's multibillion-dollar casino industry.

  10. Financial Wisdom From Three Wise Men

    Learn nine simple rules to success from the talented Buffett, Gartman and Pearson.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  2. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  3. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  4. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  5. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  6. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
Trading Center