Gambling is one of the most addictive games in the world. Only legal to people above the age of 18 it has claimed many individuals' money and left them broke or bankrupt. The most common one is betting on sports results like horse or dog racing, and football or basketball results. These kinds of betting are made to bookmakers or bookies.
This is a person or a group of people that take people's bets. He or she must have enough knowledge about the game that is being played it basketball or football. He must know the history of the teams how they play and their weakness. Without all this knowledge bookmakers are likely to lose their own money or end up with debts. This calls for specialization, if he or she takes wagers for horse racing then he or she should lay off events they have no idea about.
A bookmaker simply collects the money and makes a balance book where it makes sure that in both instances the numbers of wagers made are equal. The introduction of the internet gambling to the world has made betting skyrocket and more people become victim of this. From the comfort of your home you can make a wager on any competition. Coming up with new ideas and tempting offers to attract customers, the internet has proven to be the most played betting site in the world. For new punters a free bet is offered. Free bet means that if you win they give you double the amount you choose. Others sites gives you a chance of becoming the bookmaker and taking the wagers. This gives you an opportunity to make big money.