In the world of sports betting, all betting – including placing the bets, calculating odds, and paying out winning wagers – is done by bookmakers, or bookies for short. These are individuals, groups, or companies that facilitate the betting market, essentially working as the middlemen between the bettors and the sports. It’s an old profession that first saw its modern iterations start out during the 19th century and has remained a vital part of the sports betting scene.
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