A male bookmaker looks for inside information from a horse trainer

Bookmaker

Bookmakers determine risk, offer odds and accept bets on the outcome of racing and other events.

Overview

Bookmakers determine risk, offer odds and accept bets on the outcome of racing and other events.

Day-to-day

  • obtains information on the form of competitors through research, attending race trials and liaising with contacts
  • offers and varies odds on competitors after considering the type of event, handicaps, weather conditions and odds offered by other Bookmakers
  • monitors balances of accounts and determines financial risks
  • reviews, checks, verifies and issues documentation of transactions made
  • takes bets and debits credit accounts and bank accounts electronically, and receives cash
  • records and enters bets electronically and in transaction ledgers
  • monitors amounts of money placed on race entrants
  • verifies the identity and account balances of betting agency customers
  • answers betting inquiries over the telephone, via email and in person.

Occupation snapshot
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Not available
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Decline

To become a Bookmaker

  • Experience as a Betting Clerk may be required to work as a Bookmaker. Formal qualifications might be useful but aren't essential. Some workers have Vocational Education and Training (VET) or university qualifications in areas such as accounting, management and commerce or business and management.

  • Registration or licencing may be required.

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