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Bookmaker
A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. History The first bookmaker, Ogden, stood at Newmarket in 1795. Range of events Bookmakers in many countries focus on accepting bets on professional sports, especially horse racing and association football or Indian Premier League cricket. However, a wider range of bets, including on political elections, awards ceremonies such as the Oscars, and novelty bets are accepted by bookmakers in some countries. Operational procedures By "adjusting the odds" in their favour (paying out amounts using odds that are less than what they determined to be the true odds) or by having a point spread, bookmakers aim to guarantee a profit by achieving a 'balanced book', either by getting an equal number of bets for each possible outcome or (when they are offering odds) by getting the amounts wagered on each outcome to reflect the odds. W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bookmakers
A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. History The first bookmaker, Ogden, stood at Newmarket in 1795. Range of events Bookmakers in many countries focus on accepting bets on professional sports, especially horse racing and association football or Indian Premier League cricket. However, a wider range of bets, including on political elections, awards ceremonies such as the Oscars, and novelty bets are accepted by bookmakers in some countries. Operational procedures By "adjusting the odds" in their favour (paying out amounts using odds that are less than what they determined to be the true odds) or by having a point spread, bookmakers aim to guarantee a profit by achieving a 'balanced book', either by getting an equal number of bets for each possible outcome or (when they are offering odds) by getting the amounts wagered on each outcome to reflect the odds. Wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Odds
Odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics. Odds also have a simple relation with probability: the odds of an outcome are the ratio of the probability that the outcome occurs to the probability that the outcome does not occur. In mathematical terms, where p is the probability of the outcome: :\text = \frac where 1-p is the probability that the outcome does not occur. Odds can be demonstrated by examining rolling a six-sided die. The odds of rolling a 6 is 1:5. This is because there is 1 event (rolling a 6) that produces the specified outcome of "rolling a 6", and 5 events that do not (rolling a 1,2,3,4 or 5). The odds of rolling either a 5 or 6 is 2:4. This is because there are 2 events (rolling a 5 or 6) that produce the specified outcome of "rolling either a 5 or 6", and 4 events that do n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Point Spread
Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting. A point spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. Financial spread betting (see below) can carry a high level of risk if there is no "stop". In the UK, financial spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission who regulate spread betting on sports. Purpose The general purpose of spread betting is to create an active market for both sides of a binary wager, even if the outcome of an event may appear ''prima facie'' to be biased towards one side or the other. In a sporting event a strong team may be matc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ladbrokes
Ladbrokes Coral is a British gambling company founded in 1886. Its product offering includes sports betting, online casino, online poker, and online bingo. The business is split into two divisions, UK and International. UK operations are conducted from its headquarters in London, England, while its International business operates from its overseas hubs in Gibraltar and Ceuta, Spain. The Ladbrokes portion of the group was established in 1886, and Coral in 1926. In November 2016, the companies merged to create Ladbrokes Coral Group. Since March 2018, it has been owned by Entain (formerly GVC Holdings). Prior to its sale, Ladbrokes Coral was listed on the London Stock Exchange, and was a member of the FTSE 250 Index. History The company was founded by Messrs. Schwind and Pennington in 1886, as commission agents for horses trained at Ladbroke Hall in Warwickshire. The name Ladbrokes was adopted in 1902, when Arthur Bendir joined the partnership, and operations were moved to Lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sport Select
Sport Select is a group of sports betting games offered by Canada's lottery corporations. In Quebec, the program is known as Pari sportif; in Ontario and Atlantic Canada, it is known as Pro-Line while in British Columbia, it is known as Sports Action. However, the rules for the games are similar in all provinces. Initially created to offer betting primarily on the North American major professional sports leagues, Sport Select has expanded to offer betting on competitions such as the English Premier League and college sports. Sport Select (or equivalent) tickets are sold across Canada, through Atlantic Lottery Corporation, Loto-Québec, Ontario Lottery and Gaming Corporation, Western Canada Lottery Corporation, and British Columbia Lottery Corporation. In addition, some provinces are now accepting wagers over the Internet. Sport Select games Each province offers versions of these three games under rules similar to those described below: Pro-Line Known as Oddset in British Col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tic-tac
Tic-tac (also tick-tack and non-hyphenated variants) is a traditional method of signs used by bookmakers to communicate the odds of certain horses. Until the turn of the 21st century it was a very common sight on racecourses in the UK, but with the advent of mobile technology it is now seldom seen. In 1999, only three practitioners were noted to be still working on the southern UK tracks – Micky 'Hokey' Stuart, Billie Brown and Rocky Roberts. A tic-tac man will usually wear bright white gloves to make his hand movements easily seen. In a newspaper interview in March 1937 Charles Adamson, a retired bookmaker of Ashford, Middlesex, said he and his brother Jack (John Thomas Adamson) had invented the tic-tac system and first began to use it in 1888. A few simple examples of signals: *Odds of 9/4 ("top of the head") – both hands touching the top of the head *Odds of 2/1 ("bottle") – right hand touches nose. *Odds of 10/1 ("cockle" or "net") – fists together with the right-han ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bella Thomasson
Ann "Bella" Thomason or Ann Arabella Thomason; Bella Thomasson (1874 – 11 November 1959) was a British bookmaker who created a model betting shop in Bolton. Her business was successful, innovative and illegal. Life "Bella" Thomason was born in 1874 in Nether Hallam in Yorkshire. She married Stephen Thomason who was a labourer in an ironworks where he supplemented his income by taking bets. The couple used these profits to buy a shop that nominally sold fruit but was actually a base for illegal betting. At the time, the Betting Houses Act of 1853 made it illegal to take cash for a bet except at a racecourse. Stephen was taken to court in 1905 and fined. It was considered that he should take responsibility for any crimes committed by his wife. Stephen promised not to take anymore bets at his shop and paid a £25 fine, but the betting continued and by 1924 the business was well known as an illegal bookmakers. The business was nominally a tobacconist but it was an open secret that i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Hill Plc
William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. The business is split into two divisions, UK and International. UK operations are conducted from its headquarters in London, alongside satellite offices in Leeds and Gibraltar, while its International business operates from its hub in Malta. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently acquired by 888 Holdings for £2.2 billion. History The company was founded by William Hill in 1934. It changed hands many times, being acquired by Sears Holdings in 1971, then by Grand Metropolitan in 1988, then by Brent Walker in 1989. In September 1996, Brent Walker recouped £117m of the £685m it had paid for William Hill when Grand Metropolitan were found to have exaggerated the company's profits at the time of the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horse Racing
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gala Coral Group
Gala Bingo is an online bingo and casino offering under the ownership of Entain. Gala Bingo was created in 1991 as a division of Bass plc. It later became an independent company, and then became the Gala Coral Group after acquiring Coral Eurobet in 2005. After the sale of its 126 clubs in 2015 to Caledonia Investments (who rebranded them as Buzz Bingo in September 2018), Gala Coral retained the online Gala services and was later acquired by Ladbrokes (which was later acquired by GVC Holdings). History The chain began as bingo clubs operated by Bass Leisure, a division of Bass plc. As of 1983, Bass had 22 clubs operating under the Coral brand, and another 24 located in its Pontins holiday camps. That year, Bass purchased a chain of 80 bingo clubs from Thorn EMI for £18.2 million. By 1988, Bass was down to 72 locations, but added another 30 by purchasing Zetters Leisure for £23 million. In May 1991, Bass purchased Granada plc's chain of 74 bingo clubs for £147 million. Comb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent Betting Adjudication Service
The Independent Betting Adjudication Service (IBAS), founded in 1998, is a third party organisation that settles disputes between gambling establishments registered with IBAS and their customers in the United Kingdom. The organisation, which was originally part of the Sporting Life's Green Seal service, was formerly known as the ''Independent Betting Arbitration Service''. The Service dropped ''Arbitration'' from its name in 2007, opting instead to use ''Adjudication'' to better reflect its role after the enactment of the 2005 Gambling Act. IBAS deals with several sectors in the realm of gambling. The sectors include: *Betting Exchanges *Betting Intermediaries *Betting Shops *Bingo Clubs *Greyhounds *Greyhound Stadia Pool Betting *Lotteries *Online Gambling (UK and Offshore) * Gaming Machines *Mobile Gambling *Totalisator Betting Dispute involvement Since its inception, IBAS has been handling the majority of gambling disputes in the UK. In 2000, the first year that IBAS was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
