The BookiesThe BookiesThe Bookies 01/04/2005 11:09 AM ANNOUNCEMENT: status update This is a GrokNews Entry: (what is grok?)The BookiesGrok Headline matches for The BookiesWhite Christmas woe for bookiesWhite Christmas woe for bookies 12/25/2004 04:48 PM Bookmakers lose out after snow falls on Christmas Day in Northern Ireland, Scotland, Wales and northern England. Online Betting Routes Around BookiesOnline Betting Routes Around Bookies 11/03/2003 01:28 PM There used to be a lot of hype about how the internet was going to do away with the need for "middlemen". It turns out that never happened, because there actually are reasons why many middlemen exist. However, if the internet can make things more efficient, or move some of the burden around, then it probably does make sense. That appears to be what's happening in the UK with an online betting site that takes bookies out of the equation and lets people connect directly to one another to make bets on sporting events. Whereas a bookie makes money on the odds they set, this site just takes a commission off of winnings, letting the people making the best set their own odds. In other words, it's a real exchange, modeled on the stock market, with buyers looking for sellers (and vice versa) as opposed to one central bookmaker taking bets based on odds they set. Bookies lose out on snow betsBookies lose out on snow bets 12/26/2004 10:35 AM Snow in Wales means bookmakers are forced to pay out to honour 'White Christmas' bets. Bookies extortion gang caughtBookies extortion gang caught 07/21/2004 01:08 PM Police arrest three Russian members of a global gang which sought to extort money from British bookmakers by sabotaging websites. UK bookies blamed for underage gamblingUK bookies blamed for underage gambling 07/27/2004 12:33 PM Silicon.com Jul 27 2004 4:16PM GMT Internet attacks overwhelm British
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