Wager Mage
Photo by Andrea Piacquadio Pexels Logo Photo: Andrea Piacquadio

Why do people use a bookie?

A bookie was a slang term more often used when online sports betting wasn't readily available. Bookies were more popular prior to the internet explosion because they could take bets in person or over the phone, often illegally. Nowadays, a bookmaker is usually part of a sportsbook or casino.

rotowire.com - What is a bookie in sports betting? - Rotowire
What should beginners play at the casino?
What should beginners play at the casino?

Start with Slot Machines If you've never played before, the slot machines are a good place to get comfortable. They require no skill as games of...

Read More »
Last updated Jul 20, 2021
Can 2 person use 1 Telegram account?
Can 2 person use 1 Telegram account?

You can log in to Telegram from as many of your devices as you like — all at the same time. Just use your main mobile phone number to log in...

Read More »
Last updated Jul 29, 2019

What is a bookie in sports betting?

A bookie is someone who facilitates gambling by setting odds, accepting and placing bets, and then paying out the winnings. It's short for the term bookmaker. A bookie was a slang term more often used when online sports betting wasn't readily available. Bookies were more popular prior to the internet explosion because they could take bets in person or over the phone, often illegally. Nowadays, a bookmaker is usually part of a sportsbook or casino. Bookmakers don't bet themselves, as they make money from charging a vigorish, or a transaction fee. The biggest role for bookmakers is to set the odds, often using calculations from a variety of sources, in order to receive equal money on both sides of a bet. For example, if the bookie opens a spread at Patriots -10 against the Jets and 80% of the money is going to the Patriots, the bookie will likely push the number higher until there is closer to an equal amount of bets on both sides. While that may never be possible, it's best for the bookie to get equal money on each side because that leads to a higher probability of them winning money. If the money is balanced and there is 50% of bets on each side, the bookie earns the transaction fees and comes out positive. If the spread moved up to -14 in the above situation and 70% of people were still betting the Patriots and they won by 20 points, the bookie would lose money. Bookmakers can work on their own, but they are often part of a casino. In places like Las Vegas where there are numerous sportsbooks in a small vicinity, bookmakers will often get odds from the same source or base their odds off another location. Now that betting is legal across the country following the repeal of PASPA in 2018, the difference in odds and lines will only grow across states.

Read More Sports Betting Q&As

What is Philippines known as?
What is Philippines known as?

Pearl of the Orient/Pearl of the Orient Seas (Spanish: Perla de oriente/Perla del mar de oriente) is the sobriquet of the Philippines.

Read More »
Last updated Nov 26, 2022
How long can police investigate you for?
How long can police investigate you for?

In the majority of cases, the police can detain someone without charge for 24 hours, but this can be extended to 36 or 96 hours if they're...

Read More »
Last updated Oct 26, 2019

What is the meaning of under 4.5 in football?

Under 4.5 Goals Explained Here, the player bets that both teams would have scored a total of 4 or fewer goals at the final score. Suppose he was betting on Chelsea Vs. Liverpool. Both teams should have four or fewer goals. Also, a bettor would lose the bet if the match ends in a draw.

bettingguide.com - Over/Under 4.5 Goals Betting Explained | BettingGuide.com

The over and Under goals betting market has become a popular favorite for many punters. However, many can’t tell what it means to bet over/under in a match. But worry no more because you’re about to find out. Betting over/under on a game means you predict that the total goals scored by both teams are more or less than the specified number of goals on the bet. If a bookmaker indicates in a match, say Chelsea Vs. Liverpool, a bet that looks like this

Over 4.5 Goals, 1.34

Under 4.5 Goals, 2.33

Then betting on either option means the match would end with a total number of five goals and above or four or fewer goals. Let’s explain both scenarios.

Over 4.5 Goals Explained

Over 4.5 goals in a bet means the punter predicts that the total goals scored by both teams are five or more. A player that places an over 4.5 goals bet in our example will win if both teams score a total of five or more goals. Remember that the bet only wins if the matches don’t draw.

Under 4.5 Goals Explained

The other betting option is under 4.5 goals. Here, the player bets that both teams would have scored a total of 4 or fewer goals at the final score. Suppose he was betting on Chelsea Vs. Liverpool. Both teams should have four or fewer goals. Also, a bettor would lose the bet if the match ends in a draw.

What happens if you lose a bonus bet?
What happens if you lose a bonus bet?

A bonus bet is basically free swing from a bookie. You place the bet and if it loses you don't lose any money. Bear in mind the Bookie will keep...

Read More »
Last updated Jun 16, 2018
What does under 8.5 goals mean?
What does under 8.5 goals mean?

The Over/Under line in this game is 8.5 runs. This means that if both teams score 9 or more combined runs the result counts as Over. If less than 9...

Read More »
Last updated Dec 19, 2018
What do you mean by withdrawal limit?
What do you mean by withdrawal limit?

ATM Withdrawal Limit refers to the maximum limit or number of times you can use your ATM card at your own or other bank ATMs. The bank also sets a...

Read More »
Last updated Jun 24, 2022
What to do if you win big at a casino?
What to do if you win big at a casino?

You must fill out a W-2G form to report your winnings to the feds, but casinos aren't obliged to take out withholdings. It will be up to you to pay...

Read More »
Last updated Oct 19, 2019