Bookmaker

Office and Administration

Menu

Bookmaker's Clerk

Betting Clerk

Betting Agency Manager

Related Jobs or Working with these Jobs

 

Overview

As wagering is a key element in the racing industry, there are roles within the betting services area that need to be filled. As these are available only on race day, people in these positions often have other jobs as well.

 

 

Bookmaker
Office and Administration

Clerical or OrganisingNature or RecreationSkill Level 1Skill Level 2Skill Level 3


Bookmakers organise and manage wagering or betting activities at licensed betting offices, sporting locations or online. DeclineBookmakers determine risk, offer odds and accept bets on the outcome of racing and other events. Bookmakers attend races to provide a betting service. They work out the odds for each race dependent on the type of event, participants and conditions. They write up the odds on a board and may change them from time to time. They issue betting tickets and pay out on bets according to the results of the race or races. They need to keep a record of all transactions.

Alternative names: Bookies.


Knowledge, skills and attributes

To become a bookmaker, you would need:

  • strong knowledge of, and enthusiasm for, a range of different sports

  • an understanding of the rules of racing and other sports

  • knowledgeable about conditions that can affect results

  • to be lively, confident and outgoing

  • excellent customer service skills

  • an understanding of betting laws and regulations

  • good communication and negotiation skills

  • the ability to keep calm under pressure.

      At Races   
Graeme Cook - Bookmaker at Grafton Races
(Source: Morning Bulletin)

Duties and Tasks

  • take wagers or bets from customers in person, or over the phone
  • manage online betting software
  • keep accurate records of all transactions
  • promote products to customers
  • pay out winnings
  • deal with complaints in a tactful way
  • comply with all federal or state laws and gaming regulations
  • 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.

Working conditions

A bookmaker would normally work varied hours depending on when race meetings are on. They will probably work during the week-end. They may have to stand up for long periods and work outside in various conditions. They may also need to spend time keeping in contact with people within the industry. Bookmakers need to be able to work flexibly, including evenings and weekends. Part-time work is sometimes possible.

As an on-course bookmaker, your work could take you all over the country to race meetings and other sporting events. Your would work outdoors in all weather conditions.

As a remote bookmaker, you would spend most of your time working with a computer and phone, and your hours may vary.

Tools and technologies

Bookmakers need to be proficient with computers.


Education and training/entrance requirements

You can work as a bookmaker without formal qualifications, but you would need to obtain the relevant licences. Bookmakers usually have a number of years of experience as a bookmaker's clerk. Employers usually require junior secondary school certificate or equivalent.

In some jurisdictions experience as a Betting Clerk may be required. Also, a sound financial position is needed to work as a Bookmaker. Formal qualifications might be useful but aren't essential.

Applicants for a bookmaker's licence attend a series of interviews before a decision is made on their application.

The minimum age requirement is usually 18 years, and 21 years for a bookmaker in some States. You must also obtain a permit from the host racing clubs where race meetings are held. A current National Police Certificate is also required.

Falling racecourse attendance and the increase in online gambling has resulted in a reduction in the number of operating bookmakers.

Many bookmakers work part-time and have other means of employment.

Did You Know?

"The advent of radio and telephones in Australia opened the door for starting price bookies. Until 1931 Aussies were legally only allowed to make a bet with an on course bookie. However, from 1931 we saw the rise of the SP [Starting Price ] bookie throughout Australia.

Starting price bookies would often hang around pubs and clubs, conducting their business from there. Punters would not be able to get a fixed price on their bet until after the race was run, at which point the bookie would be told, via an intermediary – or runner – the average odds of each horse from a range of on course bookies.

Starting price bookies were technically illegal in Australia but flourished none the less thanks to society’s needs at the time and police corruption. One of Australia’s most colourful underworld identities through the late 1970s and 1980s, George Freeman, was reputedly an SP bookie.

From there the government got involved because as they saw it, they were missing out on massive amounts of income that could be taxed, so they decided to corner the industry by opening TAB’s. The industry slowly evolved into privatisation and online and mobile betting to form where we are now and how we bet."

(Source: Bettingsite)

Bookmaker

Judge

Personal Assistant

Corporate Trainer

Lawyer

Archivist

Marketing Officer

Management Consultant

Officer Administrator

Interpreter

Private Investigator

Librarian

Security Consultant

Receptionist

Sports Administrator

Call Centre Operator

Marketing Research Analyst

Hospital Administrator

Medical Administrator

Nurse Manager

Sports Centre Manager

Steward of Racing

Judge

Personal Assistant

Corporate Trainer

Lawyer

Archivist

Marketing Officer

Management Consultant

Officer Administrator

Interpreter

Private Investigator

Librarian

Security Consultant

Receptionist

Sports Administrator

Call Centre Operator

Marketing Research Analyst

Hospital Administrator

Medical Administrator

Nurse Manager

Sports Centre Manager

Steward of Racing

Bookmaker

Judge

Personal Assistant

Corporate Trainer

Lawyer

Archivist

Marketing Officer

Management Consultant

Officer Administrator

Interpreter

Private Investigator

Librarian

Security Consultant

Receptionist

Sports Administrator

Call Centre Operator

Marketing Research Analyst

Hospital Administrator

Medical Administrator

Nurse Manager

Sports Centre Manager

Steward of Racing

Bookmaker

Judge

Personal Assistant

Corporate Trainer

Lawyer

Archivist

Marketing Officer

Management Consultant

Officer Administrator

Interpreter

Private Investigator

Librarian

Security Consultant

Receptionist

Sports Administrator

Call Centre Operator

Marketing Research Analyst

Hospital Administrator

Medical Administrator

Nurse Manager

Sports Centre Manager

Steward of Racing

Bookmaker

Judge

Personal Assistant

Corporate Trainer

Lawyer

Archivist

Marketing Officer

Management Consultant

Officer Administrator

Interpreter

Private Investigator

Librarian

Security Consultant

Receptionist

Sports Administrator

Call Centre Operator

Marketing Research Analyst