Definition, Meaning & Synonyms

bookmaking

Noun

/ˈbʊkˌmeɪ.kɪŋ/

Definition

The act of accepting and processing bets on the outcome of various events, primarily sports.

Examples

Bookmaking has become increasingly popular with the rise of online gambling.
He dabbled in bookmaking during college to make extra money.
Legal regulations on bookmaking can vary significantly from one region to another.

Meaning

Bookmaking involves setting odds and accepting bets from individuals who predict the outcomes of specific events, aiming to generate a profit regardless of the outcome.