![]() ![]() Quite simply, it’s a shorthand term for “bookmaker.”īookies collect bets from sports bettors and distribute the winnings. If you’ve seen any mob movies or television shows, you’re probably heard the term “bookie” tossed around. Oddsmakers are the ringleaders of the entire operation, and they comprise the highest level of the operation. The bookies are on the lowest rung of the betting ladder, while managers are the middlemen. There are three different levels of a standard underground betting operation: the bookies, the managers, and the oddsmakers. Despite that, the general structure of underground betting rings is relatively well-known and clear. As such, they are super murky, and determining exactly how they operate is next to impossible (After all, it’s not like they go public with the information!). It’s important to note that illicit operations like these are secretive and complex, and often have ties to organized crime. If you’ve ever been curious how sports bettors gamble in the back rooms of the world, read on. ![]() In this article, we explore how the illicit black market of sports betting functions, and speculate how widespread it really is. There are two places to bet on sports comfortably and securely: casinos and licensed online sportsbooks. Placing bets via the shady realm of underground and unlicensed sports betting has never been a pleasant or safe experience. ![]()
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