The 'Lectric Law Library's Lexicon On
* Bookmaking *
BOOKMAKING - A form of gambling, and involves the business of establishing certain terms and conditions applicable to given bets or wagers, usually called a line or odds, and then accepting bets from customers on either side of the wagering proposition for the purpose of making a profit, not from the betting itself, but from a percentage or commission collected from the bettors or customers for the privilege of placing the bets.
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