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Mathematics of bookmaking information


In gambling parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The phrase originates from the practice of recording such wagers in a hard-bound ledger (the 'book') and gives the English language the term bookmaker for the person laying the bets and thus 'making the book'.[1]: 6 [2]: 13, 36 

  1. ^ Sidney, Charles (1976). The Art of Legging. Maxline International.
  2. ^ Sidney, Charles (2003). The Art of Legging: The History, Theory, and Practice of Bookmaking on the English Turf (3rd ed.). Rotex Publishing.

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