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Bookmaking
A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. History The first bookmaker, Ogden, stood at Newmarket in 1795. Range of events Bookmakers in many countries focus on accepting bets on professional sports, especially horse racing and association football or Indian Premier League cricket. However, a wider range of bets, including on political elections, awards ceremonies such as the Oscars, and novelty bets are accepted by bookmakers in some countries. Operational procedures By "adjusting the odds" in their favour (paying out amounts using odds that are less than what they determined to be the true odds) or by having a point spread, bookmakers aim to guarantee a profit by achieving a 'balanced book', either by getting an equal number of bets for each possible outcome or (when they are offering odds) by getting the amounts wagered on each outcome to reflect the odds. W ...
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Bookmakers
A bookmaker, bookie, or turf accountant is an organization or a person that accepts and pays off bets on sporting and other events at agreed-upon odds. History The first bookmaker, Ogden, stood at Newmarket in 1795. Range of events Bookmakers in many countries focus on accepting bets on professional sports, especially horse racing and association football or Indian Premier League cricket. However, a wider range of bets, including on political elections, awards ceremonies such as the Oscars, and novelty bets are accepted by bookmakers in some countries. Operational procedures By "adjusting the odds" in their favour (paying out amounts using odds that are less than what they determined to be the true odds) or by having a point spread, bookmakers aim to guarantee a profit by achieving a 'balanced book', either by getting an equal number of bets for each possible outcome or (when they are offering odds) by getting the amounts wagered on each outcome to reflect the odds. ...
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Odds
Odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics. Odds also have a simple relation with probability: the odds of an outcome are the ratio of the probability that the outcome occurs to the probability that the outcome does not occur. In mathematical terms, where p is the probability of the outcome: :\text = \frac where 1-p is the probability that the outcome does not occur. Odds can be demonstrated by examining rolling a six-sided die. The odds of rolling a 6 is 1:5. This is because there is 1 event (rolling a 6) that produces the specified outcome of "rolling a 6", and 5 events that do not (rolling a 1,2,3,4 or 5). The odds of rolling either a 5 or 6 is 2:4. This is because there are 2 events (rolling a 5 or 6) that produce the specified outcome of "rolling either a 5 or 6", and 4 events that do n ...
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Ladbrokes
Ladbrokes Coral is a British gambling company founded in 1886. Its product offering includes sports betting, online casino, online poker, and online bingo. The business is split into two divisions, UK and International. UK operations are conducted from its headquarters in London, England, while its International business operates from its overseas hubs in Gibraltar and Ceuta, Spain. The Ladbrokes portion of the group was established in 1886, and Coral in 1926. In November 2016, the companies merged to create Ladbrokes Coral Group. Since March 2018, it has been owned by Entain (formerly GVC Holdings). Prior to its sale, Ladbrokes Coral was listed on the London Stock Exchange, and was a member of the FTSE 250 Index. History The company was founded by Messrs. Schwind and Pennington in 1886, as commission agents for horses trained at Ladbroke Hall in Warwickshire. The name Ladbrokes was adopted in 1902, when Arthur Bendir joined the partnership, and operations were mo ...
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William Hill Plc
William Hill is a British gambling company founded in 1934. Its product offering includes sports betting, online casino, online poker, and online bingo. The business is split into two divisions, UK and International. UK operations are conducted from its headquarters in London, alongside satellite offices in Leeds and Gibraltar, while its International business operates from its hub in Malta. The company was previously listed on the London Stock Exchange until it was acquired by Caesars Entertainment in April 2021. In July 2022, William Hill was subsequently acquired by 888 Holdings for £2.2 billion. History The company was founded by William Hill in 1934. It changed hands many times, being acquired by Sears Holdings in 1971, then by Grand Metropolitan in 1988, then by Brent Walker in 1989. In September 1996, Brent Walker recouped £117m of the £685m it had paid for William Hill when Grand Metropolitan were found to have exaggerated the company's profits at the time of ...
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Bella Thomasson
Ann "Bella" Thomason or Ann Arabella Thomason; Bella Thomasson (1874 – 11 November 1959) was a British bookmaker who created a model betting shop in Bolton. Her business was successful, innovative and illegal. Life "Bella" Thomason was born in 1874 in Nether Hallam in Yorkshire. She married Stephen Thomason who was a labourer in an ironworks where he supplemented his income by taking bets. The couple used these profits to buy a shop that nominally sold fruit but was actually a base for illegal betting. At the time, the Betting Houses Act of 1853 made it illegal to take cash for a bet except at a racecourse. Stephen was taken to court in 1905 and fined. It was considered that he should take responsibility for any crimes committed by his wife. Stephen promised not to take anymore bets at his shop and paid a £25 fine, but the betting continued and by 1924 the business was well known as an illegal bookmakers. The business was nominally a tobacconist but it was an open secret that i ...
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Professional And Amateur Sports Protection Act Of 1992
The Professional and Amateur Sports Protection Act of 1992 (), also known as PASPA or the Bradley Act, was a law, judicially-overturned in 2018, that was meant to define the legal status of sports betting throughout the United States. This act effectively outlawed sports betting nationwide, excluding a few states. The sports lotteries conducted in Oregon, Delaware, and Montana were exempt, as well as the licensed sports pools in Nevada. In addition, Congress provided a one-year window of opportunity from the effective date of PASPA (January 1, 1993) for states which operated licensed casino gaming for the previous ten-year period to pass laws permitting sports wagering. The latter exception was clearly crafted with New Jersey in mind. However, New Jersey failed to take advantage of this opportunity. Excluded from the reach of PASPA were jai alai, as well as parimutuel horse and dog racing. In a May 2018 decision in '' Murphy v. National Collegiate Athletic Association'', the Su ...
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Tic-tac
Tic-tac (also tick-tack and non-hyphenated variants) is a traditional method of signs used by bookmakers to communicate the odds of certain horses. Until the turn of the 21st century it was a very common sight on racecourses in the UK, but with the advent of mobile technology it is now seldom seen. In 1999, only three practitioners were noted to be still working on the southern UK tracks – Micky 'Hokey' Stuart, Billie Brown and Rocky Roberts. A tic-tac man will usually wear bright white gloves to make his hand movements easily seen. In a newspaper interview in March 1937 Charles Adamson, a retired bookmaker of Ashford, Middlesex, said he and his brother Jack (John Thomas Adamson) had invented the tic-tac system and first began to use it in 1888. A few simple examples of signals: *Odds of 9/4 ("top of the head") – both hands touching the top of the head *Odds of 2/1 ("bottle") – right hand touches nose. *Odds of 10/1 ("cockle" or "net") – fists together with the right-h ...
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Gala Coral Group
Gala Bingo is an online bingo and casino offering under the ownership of Entain. Gala Bingo was created in 1991 as a division of Bass plc. It later became an independent company, and then became the Gala Coral Group after acquiring Coral Eurobet in 2005. After the sale of its 126 clubs in 2015 to Caledonia Investments (who rebranded them as Buzz Bingo in September 2018), Gala Coral retained the online Gala services and was later acquired by Ladbrokes (which was later acquired by GVC Holdings). History The chain began as bingo clubs operated by Bass Leisure, a division of Bass plc. As of 1983, Bass had 22 clubs operating under the Coral brand, and another 24 located in its Pontins holiday camps. That year, Bass purchased a chain of 80 bingo clubs from Thorn EMI for £18.2 million. By 1988, Bass was down to 72 locations, but added another 30 by purchasing Zetters Leisure for £23 million. In May 1991, Bass purchased Granada plc's chain of 74 bingo clubs for £147 millio ...
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Harold Macmillan
Maurice Harold Macmillan, 1st Earl of Stockton, (10 February 1894 – 29 December 1986) was a British Conservative statesman and politician who was Prime Minister of the United Kingdom from 1957 to 1963. Caricatured as " Supermac", he was known for his pragmatism, wit and unflappability. Macmillan was badly injured as an infantry officer during the First World War. He suffered pain and partial immobility for the rest of his life. After the war he joined his family book-publishing business, then entered Parliament at the 1924 general election. Losing his seat in 1929, he regained it in 1931, soon after which he spoke out against the high rate of unemployment in Stockton-on-Tees. He opposed the appeasement of Germany practised by the Conservative government. He rose to high office during the Second World War as a protégé of Prime Minister Winston Churchill. In the 1950s Macmillan served as Foreign Secretary and Chancellor of the Exchequer under Anthony Eden. ...
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Excursion Trains
An excursion train is a chartered train run for a special event or purpose. Examples are trains to major sporting event, trains run for railfans or tourists, and special trains operated by the railway company for employees and prominent customers. United Kingdom A number of excursion trains are run in the United Kingdom and in some cases there are regular steam worked passenger services over some routes, one such train being '' The Jacobite'' which runs Monday to Friday from Fort William to Mallaig from April to October. A second afternoon train also runs from May to mid September but on weekdays only, weekend services running from June to October. A number of Christmas Jacobite's have even started running on select days in December. There are also a number of routes across the UK which are famed for running excursion trains, examples include: Settle & Carlisle line, Cumbrian Coast line, Shakespeare line, Scarborough line, West Coast Main Line and East Coast Main Line. As w ...
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Gaming Act 1845
The Gaming Act 1845 (8 & 9 Vict., c. 109) was an Act of the Parliament of the United Kingdom. The Act's principal provision was to deem a wager unenforceable as a legal contract. The Act received royal assent on 8 August 1845. Sections 17 and 18, though amended, remained in force until 1 September 2007. Background Increasing concern as to the damaging social effects of gambling gave rise to a select committee of the House of Commons whose recommendations were implemented by the Act. The policy of the Act was to discourage betting. However, following a 2001 report by Sir Alan Budd, in 2002, the UK government accepted that wagers should cease to be unenforceable as contracts, seeking to introduce a new liberalised regulatory regime in order to encourage the gambling industry. Repeals Sections 1 to 9 and 15 and 16 and 19 to 24 and 26, and the First and Second Schedules, were repealed by Part I of Schedule 6 to the Betting and Gaming Act 1960. Sections 10 to 14 and the Third Sch ...
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Routledge
Routledge () is a British multinational publisher. It was founded in 1836 by George Routledge, and specialises in providing academic books, journals and online resources in the fields of the humanities, behavioural science, education, law, and social science. The company publishes approximately 1,800 journals and 5,000 new books each year and their backlist encompasses over 70,000 titles. Routledge is claimed to be the largest global academic publisher within humanities and social sciences. In 1998, Routledge became a subdivision and imprint of its former rival, Taylor & Francis Group (T&F), as a result of a £90-million acquisition deal from Cinven, a venture capital group which had purchased it two years previously for £25 million. Following the merger of Informa and T&F in 2004, Routledge became a publishing unit and major imprint within the Informa "academic publishing" division. Routledge is headquartered in the main T&F office in Milton Park, Abingdon, Oxfords ...
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