Is Bookmaking Legal?
- Updated: August 27, 2011
You may have heard of bookmaking and or it may be a new term to you. Bookmaking in laymen’s terms is a form of gambling. In some parts of the world bookkeeping is legal and other parts it is completely illegal. Some forms of bookmaking may be legal when dealing with area like the NFL and Football area of betting.
A lot of bookmakers can actually be found at races but that is dwindling down as time marches on. People are commonly ripped off through the betting form of bookmaking. Someone can place a bet, lose, and then not follow through with the money that they owe. This can be frustrating to some people who make a living as a bookmaker. This is another reason why bookmaking has been made illegal in some areas.
There are a vast majority of bookmakers who make their living through the World Wide Web. There are tons of Sportsbooks and Casinos that are found through the internet. Customers can go online and bet whenever they want and use as much money as they want.
Most people have to be at least 18 before they can start betting but some start even younger. Also there is no noted fairness in the gambling of online currency. No one is guaranteed their money and no one is guaranteed to when while using a bookmaking website.
While betting online is a very popular form of bookmaking, there are other ways to collect funds. These funds include being able to call over the phone to make a bet. There is an even newer form of betting and that is through text messaging. Bookmakers are able to make a living through such an ordeal and in some parts of the world, it is not even considered illegal.
While there are laws that allow bookmaking to occur, there is no guarantee for a better to get their money back. You could quickly get scammed and not receive the money you put forth. Use caution when betting for or against certain teams or online. Consult a professional bookmaker when necessary to get the best information possible.