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When someone makes a bet with a bookie and wins the bet who pays the winner?
Wiki User
∙ 13y ago
Ideally, a bookie collects payment from the losers and uses it to pay the winners, taking a portion as his fee. If a bookie takes a bet that he cannot balance against another bet ("lay off"), he risks being responsible for making up the difference out of his own funds.
Wiki User
∙ 13y ago
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