


Bookmaker's Clerk
Betting Clerk
Betting
Agency Manager
Related Jobs
or Working with these Jobs

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.


    
Bookmakers organise and manage wagering or betting activities at licensed
betting offices, sporting locations or online.
Bookmakers
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.
ANZSCO ID: 552311
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.
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) |
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