What is a Bookmaker?
There is an ancient Chinese saying, “
The bookmaker is responsible for calculating the odds of the match, such as which team is determined to be the favourite or the underdog. Usually, the odds will tend to be in his favour so as to maximise his own personal profit margins. You would be foolish to even think of being able to profit by betting on all three outcomes of the match itself, as the odds are meticulously calculated by each and every single one of the bookmakers in the industry so as to ensure their long-term futures and prospects in this business.
Betting can be considered to be a form of instant investment, presuming that you bet wisely, and might seem profitable for people who are looking for short-term gains and fast cash. Hence, the bookmaker is the ideal agent to carry that out.