Definition of "bookmaking" [bookmaking]

• The art or profession of determining odds and receiving and paying off bets, especially bets on the outcome of sporting events. (noun)

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• "The intellectual bookmaking is which one wins the long race:"
• "It's been one of the most fun trends to watch in bookmaking (the legal kind) the past few years, and perhaps it's a sign of maturity that, along with the increasingly baroque constructions from the masters, some artists are stepping back toward simple elegance."
• "Wagering paraphernalia, as defined by Congress, includes tickets; slips, or paper used in bookmaking, sports pools, or the numbers racket."