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bookmaking

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bookmaking

Gambling practice of determining odds and receiving and paying off bets on the outcome of sporting events and other competitions. Horse racing is perhaps most closely associated with bookmaking, but boxing, baseball, football, basketball, and other sports have also long been of interest to bookmakers (“bookies”) and gamblers. Morning-line odds, established by legal bookmakers, are printed in the sports sections of newspapers throughout the U.S. Illegal bookmaking operations have often been linked to organized crime. See also handicap.
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Their modest old brown cloth binding had long been a quiet warrant of quality in the literature it covered, and now this splendid blossom of the bookmaking art, as it seemed, was fitly employed to convey the sweetness and richness of the loveliest poetry that I thought the world had yet known.
My Literary Passions by Howells,William Dean View in context
 
 
 
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