Quite simple: The word ‘bookie’ is a slang for bookmaker, in the world of gambling, especially when it pertains to sports wagering.
A bookie provides odds to clients and accepts bets on sporting and other events. He or she then is in charge of collecting the losing wagers and paying out winning ones that he accepts on the said events.
Bookmaking and placing bets through a bookmaker is generally illegal in the United States if not done through a licensed company. Sports wagering through a licensed bookmaker is only legal inside the state of Nevada, and through one of the corporations. Read More