A bookmaker or ‘bookie’ is definitely an accountant within a basic sense whose role should be to take money on numerous distinct outcomes of diverse events, and pay revenue to individuals who have predicted the outcome appropriately.
The bookmaker demands to survive so it can be their responsibility to be sure they have a balanced book in place so they profit no matter the outcome. Bookmakers are able to achieve profit which can be usually generally known as ‘vig’ or ‘take’ by attempting to supply odds that are much less than the true probabilities of the occasion occurring, biletul zilei.
http://www.bloghelp.eu/a-bookmaker-is-definitely-an-accountant/
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