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bookmaker

play
noun book·mak·er \ˈbu̇k-ˌmā-kər\

Simple Definition of bookmaker

  • : a person who decides how likely it is that an event will occur (such as the winning of a race by a particular horse) and receives and pays off bets about it

Source: Merriam-Webster's Learner's Dictionary

Full Definition of bookmaker

  1. 1 :  a printer, binder, or designer of books

  2. 2 :  a person who determines odds and receives and pays off bets

bookmaking

play \-kiŋ\ noun

1515

First Known Use of bookmaker

1515


Law Dictionary

bookmaker

play
noun book·mak·er \ˈbu̇k-ˌmā-kər\

Legal Definition of bookmaker

  1. :  a person who determines odds and receives and pays off bets —called also bookie




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