Bookmakers

Bookmakers determine risk, offer odds and accept bets on the outcome of racing and other events.

What the job involves

• Obtains information on the form of competitors through research, attending race trials and liaising with contacts

• Offers and varies odds on competitors after considering the type of event, handicaps, weather conditions and odds offered by other Bookmakers

• Monitors balances of accounts and determines financial risks

• Reviews, checks, verifies and issues documentation of transactions made

• Takes bets and debits credit accounts and bank accounts electronically, and receives cash

• Records and enters bets electronically and in transaction ledgers

• Monitors amounts of money placed on race entrants

• Verifies the identity and account balances of betting agency customers

• Answers betting inquiries over the telephone, via email and in person