Place that Bookmakers take in the World
The betting shop is used for suggesting interested participants a bet on possible outcomes of sport events. The bookmaker organizes acceptance of rates according to the exposed coefficients and provides payment to players.
The first bookmaker office in the form in which it exists until now, (the basic principles are meant) appeared at the end of the nineteenth century. One guy, called Pierre Oler, who was living in France, decided to open his own betting shop with rates on horse race. Over time, the list of events available for betting perceptibly expanded, and became obvious that one person cannot calculate coefficients, accept rates and provide payment, without forgetting to advertise the services at the same time.
Bookmaker business became almost at once demanded in Great Britain, already at that time being famous for the totalizators on horse race. British turned out to be the biggest fans of rates on sport. In the United Kingdom there are more betting shops, than in any other country of the world which still work.
The second most important market is the USA. Line items of bookmaker offices are very strong here though, perhaps, they lose to lotteries and casino. Nevertheless, bookmakers play an important role in American industry of gambling. When bookmaker business first appeared in the USA it was persecuted by authorities but that, however, didn't prevent illegal rates to enjoy mad popularity on sport. In each large city there was the underground betting shop accepting rates on the box, horse race, illegal fights of dogs and other entertainments of hazardous public.
In contrast to games in casino, bookmakers managed to be legalized in the majority of the countries of the world with time. It became possible thanks to the fact that rates on sport aren't gamblings though they have some common features.
For this reason passion for rates on sport events is much safer, than a game in online casino as the activity of bookmakers is regulated by the state which doesn`t allow to deceive players. At least such situation is in Europe, Canada, and in the USA.
However, bookmakers hold dear their reputation that has been created for years and decades.
The most popular sport for rates is soccer then with a considerable getaway hockey, tennis, basketball, races follow. What concerns the American bookmakers the American football, basketball, baseball come out on top.