What Makes a Good Bookmaker?

If you are thinking about getting in to the business of online sports betting, the first question that you have probably had going through your mind is, “How do I get started?” Maybe you’ve even asked yourself where you should start. These are fine questions, but sooner or later, you will have to tackle the all important one, and it must be done before you wager your first dime. The question: what makes a good bookmaker? A bookmaker, or bookie, is someone who takes bets on events, usually sporting in nature. These bets can be simple win-loss bets, or they can get more complicated when factoring in points and odds. The important thing is that whoever you give your money to can be trusted. Along with this quality, here are some other factors that make a good bookmaker:

The bookmaker has your best interests at heart. If a bookmaker has your best interests at heart, especially in the online world, he will make the overall experience something that you can clearly follow with zero confusion. That means you will be able to see the available bets and act accordingly without having to pull out your hair.

The bookmaker offers incentives. There are a lot of online bookmakers that you can place your bet with, and this competition has benefited you and others greatly via the sportsbook bonus code and bookmaker sign up bonus. These can differ in what they actually mean to you. Some places give you a flat fee for signing up based on the amount that you deposit into your account. Others disperse based on percentage alone. Still others give you options. The point is a good bookmaker will show good faith in offering you his platform by making it worth your while before you’ve even placed the first bet.

The bookmaker has a good reputation among other sports betters. Ask around about someone if you’re unsure. You don’t have to look far to find someone, who has a strong opinion about their experience in this place or that. Listen to your peers and your gut. Was there a catch to the bookmaker sign up bonus? Did they have issues redeeming their sportsbook bonus code? Were options limited as to what you could bet? And if winnings were involved, how promptly were these paid out? These are all essential questions to ask before you get your own money involved. Learn from the experience of others to cut out the possibility of fraud, vulnerability, and disappointment.

A sportsbook bonus code or bookmaker sign up bonus make great incentives — in fact, these days just consider them essential. But they’re not worth a dime if you can’t first trust your bookmaker. Work on that first, and you will reap greater rewards in the end.

The SP Bookmaker

The term SP Bookmaker means Starting Price Bookmaker which generally refers to receiving bets at fixed odds or starting price.

This type of gambling was legal in Australia only for licensed bookmakers working on course meaning at the racetrack. In the 1930’s with the radio and telephone in full swing the races could be heard without going to the track. Lots of people liked to have a punt on the horse racing but often could not go to the track to put on the bets.

The Melbourne Cup was well known by the Australian punters and everyone wanted to have a small bet.

This being the case it made it very difficult for most people to put a bet on if they could not get to the track.

The Illegal SP Bookmaker, it could be anybody. It could be a small timer operator run by a single person taking minimal wagers from one or two friends including neighbours, family members, workmates etc.

Runners as they were known who would go around the neighbourhood collecting wagers from clients in their own houses, at the local hotel, in back streets and so on. Cockies short for Cockatoos who would be placed in positions of high points and other keen viewing advantages to warn Runners and Bookmakers of approaching law authorities.

Then there was the large scale telephone based SP Bookmaking ring involving people answering phones all day long taking thousands of bets worth thousands and thousands of dollars just in one day.

Of course this was all illegal but the authorities were slow to act and did not realise the magnitude of money being generated by this activity in the racing industry. In fact police often turned a blind eye to this as it seemed harmless and was in fact the SP Bookmaker supplying a service to the public.

Eventually the Government finally caught onto it and realised something lucrative was happening in this part of the racing industry. They also realised that it was not generating any taxes and therefore a Royal Commission was launched in 1959.

In 1961 due to the Royal Commission an Off Course Totalisator Agency Board was introduced.

This now resulted in some of the money that was being wagered on racing bets being returned to the racing industry. Punters could now place bets without fear of the law.

As time went on TAB Agencies were showing up everywhere, Hotels, Clubs, shopping centres and so on.

The racecourse Bookmaker still had short comings. In Australia legalised Bookmakers were unable to operate off course shops similar to other countries around the world. So the majority of bookmakers were only allowed to take bets from people at the track up until the 1990’s.

The death of the SP Bookmaker and the final nail in their coffin is near.

Corporate bookmakers were then able to offer another alternative to the punter thanks to new legislation. The Northern Territory Government could now issue Licences offering phone and online gambling to the Bookmakers. Online Bookmakers are now legal and bets can be placed with them from customers in Australia and overseas on all Australian racing and sporting events by almost any means.

With all this new legislation and control by the Governments of Australia the SP Bookmaker slowly died out. They are no more.

To place a bet now, you can use your mobile phone to ring your local legal Bookmaker at the track or at his office, have a credit account with them if you wish. You can place a bet on via the internet with one of many online bookmakers, go to the local pub and use the TAB, place a bet using your TV remote control handset while watching the race or even do something different, go to the racecourse and have a bet with an oncourse bookmaker.

Who will be next to die, not the oncourse Bookmaker I hope.