bookmaking


bookmaking
The receiving from several persons of wagers on the same sporting event, more often than not a horse race, the odds having been calculated beforehand by the bookmaker, and the total sum received by way of the wagers to be given to the winner, subject to a deduction of the bookmaker's commission. Anno: 96 L Ed 317. Tickets are given the persons who make the wagers in evidence of their selections and of their interest in the total sum or pool received from all persons betting on the particular event, according to whether they win or lose. 24 Am J1st Gaming § 24. Bookmaking is a form of gambling and, as such, illegal under the statutes of most jurisdictions, except as legalized in reference to particular events, such as horse racing and dog racing.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • bookmaking — book·mak·ing / ˌmā kiŋ/ n: the practices of a bookmaker Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • bookmaking — See bookmaker. * * * Gambling practice of determining odds and receiving and paying off bets on the outcome of sporting events and other competitions. Horse racing is perhaps most closely associated with bookmaking, but boxing, baseball, football …   Universalium

  • bookmaking — [[t]b ʊkmeɪkɪŋ[/t]] N UNCOUNT: oft N n Bookmaking is the activity of taking people s money when they bet and paying them money if they win. ...William Hill, a bookmaking firm …   English dictionary

  • Bookmaking — Book|ma|king [...meikiŋ] das; s, s <aus engl. bookmaking, eigtl. »Buchmacherei«> (veraltet) gewerbsmäßige Veranstaltung von Rennwetten …   Das große Fremdwörterbuch

  • bookmaking — noun see bookmaker …   New Collegiate Dictionary

  • Bookmaking — Bookmaker Un bookmaker ou bookmakeur[1] est une personne morale ou physique permettant de parier de l argent sur des évènements, le plus souvent sportifs. Sommaire 1 Sur Internet 1.1 Les différentes sociétés proposant des paris sportifs …   Wikipédia en Français

  • bookmaking — noun The art or profession of determining odds and receiving and paying off bets, especially bets on the outcome of sporting events. See Also: bookie, bookmaker …   Wiktionary

  • Bookmaking — Изготовление книг; книжное производство …   Краткий толковый словарь по полиграфии

  • Bookmaking — Privat totalisatorvirksomhed …   Danske encyklopædi

  • bookmaking — n. act of receiving and paying off bets; process of making books …   English contemporary dictionary


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