Bookmaker

A bookmaker, bookie, or turf accountant is an organization or a person that takes bets on sporting and other events at agreed upon odds.

Range of events

Bookmakers in the United Kingdom focus betting on professional sports, especially horse racing and association football; however, a wider range of bets, including on political elections, awards ceremonies such as The Oscars, and novelty bets can also be placed.

Operational procedures

By adjusting the odds in their favour or by having a point spread, bookmakers will aim to guarantee a profit by achieving a 'balanced book', either by getting an equal number of bets for each outcome or (when they are offering odds) by getting the amounts wagered on each outcome to reflect the odds. When a large bet comes in, a bookmaker may also try to lay off the risk by buying bets from other bookmakers. Bookmakers do not generally attempt to make money from the bets themselves but rather by acting as market makers and profiting from the event regardless of the outcome. Their working methods are similar to that of an actuary, who does a similar balancing of financial outcomes of events for the assurance and insurance industries.

William Hill

William Hill may refer to:

People

In government and politics

Pots of Gold

Pots of Gold (Hangul: 금 나와라, 뚝딱!; RR: Geum Nawara, Ddookddak!; lit. I Summon You, Gold! or Gold, Appear!) is a 2013 South Korean television series starring Han Ji-hye, Yeon Jung-hoon,Lee Tae-sung, Lee Soo-kyung, Baek Jin-hee, Park Seo-joon and Kim Hyung-jun. It aired on MBC from April 6 to September 22, 2013 on Saturdays and Sundays at 20:40 for 50 episodes.

The drama explores love, marriage and divorce through a case of mistaken identity, while making good-humored fun of a middle class family and their pretensions.

Plot

Mong-hee and Yoo-na are two different women who look exactly the same, so much so they could be twins. Mong-hee is a cheerful and hardworking street vendor who sells accessories and dreams of becoming a jewelry designer. On the other hand, Yoo-na is the cold daughter-in-law of a wealthy chaebol family.

Yoo-na has just gone through a divorce with Park Hyun-soo. Hyun-soo's parents own a jewelry company, which he is due to inherit as the eldest son. But his younger brother Hyun-joon wants the CEO position for himself, and he schemes to gain control of the family business, along with his wife, Sung-eun, a successful jewelry designer.