Study information to help advise strategic decision making.
Manages establishment to receive and pay off bets placed by horse racing patrons: Prepares and issues lists of approximate handicap odds on each horse prior to race, from knowledge of previous performance of horse under existing conditions of weather and track. Determines risks on each horse to refuse additional bets after maximum desired limit of liability has been reached. Records bets placed over counter or by telephone or teletype. Issues betting receipts. Pays off bets on track parimutuel basis. May supervise and coordinate activities of CASHIERS, GAMBLING. May balance betting accounts and keep records as required by state or municipal authorities. May place customers’ bets with cooperating BOOKMAKERS to limit liability and apportion risk. May be designated Sports Bookmaker when taking bets on sports, such as football, boxing, baseball, and hockey.