Bookmaker: A description for the bookmaker job

Jobs In Medicine And Health » Managers And Officials Nec » Service Industry Managers And Officials » Bookmaker

Bookmaker: Bookie Manages establishment to receive and pay off bets placed by horse racing patrons: Prepares and issues lists of approximate handicap odds on each horse prior to race, from knowledge of previous performance of horse under existing conditions of weather and track. Determines risks on each horse to refuse additional bets after maximum desired limit of liability has been reached. Records bets placed over counter or by telephone or teletype. Issues betting receipts. Pays off bets on track parimutuel basis. May also supervise and coordinate activities of CASHIERS, GAMBLING (recreation industry). May also balance betting accounts and keep records as required by state or municipal authorities. May also place customers’ bets with cooperating BOOKMAKERS (recreation industry) to limit liability and apportion risk. May also be designated Sports Bookmaker (recreation industry) when taking bets on sports, for example football, boxing, baseball, and hockey.

Job industry: recreation industry

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