Someone who facilitates gambling, commonly on sporting events, by setting odds, accepting and placing bets, and paying out winnings on behalf of other people. "Bookie" is a slang term for "bookmaker." Bookies do not usually make their money by placing bets themselves, but by charging a transaction fee on their customers' bets known as a "vigorish," or "the vig." Bookies may also lend money to bettors.

The types of gambling enabled by bookies are not always legal. Bookmaking and placing bets through a bookmaker can also be illegal. The legality of different types of gambling is determined by state governments. Some people have referred to their broker as their bookie due to large commissions and the broker's insistence on trading with regularity.

Investment dictionary. . 2012.

Look at other dictionaries:

  • bookie — book·ie / bu̇ kē/ n: bookmaker Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • bookie — 1885, colloquial shortening of BOOKMAKER (Cf. bookmaker) in the wagering sense …   Etymology dictionary

  • bookie — ► NOUN (pl. bookies) informal ▪ a bookmaker …   English terms dictionary

  • bookie — [book′ē] n. Slang BOOKMAKER (sense 2) …   English World dictionary

  • bookie — UK [ˈbʊkɪ] / US noun [countable] Word forms bookie : singular bookie plural bookies informal a bookmaker …   English dictionary

  • bookie — n. a bookmaker for betting. □ Frank was a bookie till he got into drugs. □ My bookie wants his money on the spot …   Dictionary of American slang and colloquial expressions

  • Bookie — Ein Buchmacher bei einem Hunderennen in Reading, England Ein Buchmacher (engl. Bookmaker oder kurz Bookie) offeriert Wetten mit festen oder variablen Quoten auf Ausgänge von zukünftigen Ereignissen insbesondere von sportlichen Veranstaltungen. Er …   Deutsch Wikipedia

  • bookie — [[t]b ʊki[/t]] bookies N COUNT A bookie is the same as a bookmaker. [INFORMAL] …   English dictionary

  • bookie — noun Etymology: by shortening & alteration Date: 1885 bookmaker 2 …   New Collegiate Dictionary

  • bookie — /book ee/, n. bookmaker (def. 1). [1880 85; BOOK(MAKER) + IE] * * * …   Universalium