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  1. How does a Bookie Make Money

    Gambling is a multi-billion dollar industry with a huge clientele worldwide. Many people think that bookies make millions of dollars each year.

    But, some of them don't know where to find a bookie and the activities that it performs. Bookmakers make money in the following four ways.

    Backing and Laying

    Each wager has two sides, back and lay. Betting exchanges like Betfair have both bookmaking options on all outcomes. A bettor needs to find someone ...
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