Definition, Meaning & Synonyms

bookmaker

noun

/ˈbʊkˌmeɪ.kər/

Definition

A person or organization that accepts and pays off bets on sports and other events.

Examples

The bookmaker offered very competitive odds for the upcoming football match.
Many people prefer to bet online rather than visit a traditional bookmaker.
The local bookmaker has a reputation for being fair and transparent in his dealings.

Meaning

A bookmaker is primarily engaged in the business of providing odds and taking bets from individuals who are wagering on the outcome of various events, most commonly in sports.