How Bookies Make Money from Taking Bets

How Bookies Make Money from Taking Bets

The job of a bookie or bookmaker is pretty straight forward. They set odds for sporting events and using these odds, take bets from players. From there, they collect money from ones that lost and pay money to the ones that won. However, How Do Bookies Make Money from Taking Bets if it is all about luck?

Bookies do not have a crystal ball that allows them to predict the outcome of a game.