Even in ancient Rome, watching gladiator fights, horse races or cock fights, gambling spectators tried to guess the winner in advance and argued with each other, betting on favorites. In this dispute, over time, an uninterested and impartial participant appeared who accepted bets before the event and gave the winnings to the winner after. These people can be called the first bookmakers.
How bookmakers work
In small, local competitions, the bookmaker accepts bets from the players and issues them a ticket. On a large board, he marks the percentage of winnings for the next race / performance / fight. These percentages change depending on the amount of the bets. At the end of the game, the bookmaker pays out the winnings.
Bets on significant events - sports, political or cultural - are accepted more often at bookmakers. Bookmaker offices that accept bets over the Internet have been widely developed. Such organizations have sports analysts on their staff who set the odds of accepted bets based on statistics, probability theory and their experience. When setting the coefficients, they immediately lay in a certain percentage of their profit. This percentage is called the bookmaker's margin. The bookmaker's profit does not depend on the outcome of the game - the bookmaker gets its margin in any case.
To make a forecast, the bookmaker needs to have as much information as possible about the upcoming game or match. The composition of the teams, plans for the season, the relationship of the teams with each other - any little thing can matter. Bookmakers are obliged to keep all information about bets and cash settlements secret, in addition, reputable online bookmakers must provide customers with round-the-clock technical support. The bookmaker transfers the winnings of the players to their accounts.
The largest number of bookmakers are located in the UK; some Englishmen consider betting as a kind of income. In Russia, this business is underdeveloped - there are few specialists, low bet rates, a small number of sports events with the possibility of accepting bets, and the absence of bonus incentives for players.
Professional qualities of bookmakers
The bookmaker has to analyze and count a lot, usually these people have developed logical thinking, analytical mindset and good mathematical abilities. Intuition and knowledge of psychology also benefit these specialists.
The bookmaker needs to have a good memory, be patient and attentive, so as not to miss a single detail when analyzing the upcoming game. In addition, he must appear impartial, sociable and welcoming when dealing with clients of the office.
A good option to start a bookmaker career is to get a job as an assistant in a specialized bookmaker. Subject to quality work in the future, you can become a senior bookmaker and even open your own company.
