How Do Bookmakers Work?

A bookmaker (also called a "bookie" or betting site) is a company that accepts bets on sporting events and other activities. They set odds for different outcomes and pay out winnings to successful bettors.

In South Africa, legitimate bookmakers are licensed and regulated by provincial gambling boards. This ensures they operate fairly and protect your funds.

Odds represent both the probability of an outcome and your potential winnings. In South Africa, odds are typically displayed in decimal format (e.g., 2.50).

How to calculate winnings:

Lower odds (e.g., 1.20) mean the outcome is more likely but pays less. Higher odds (e.g., 5.00) mean the outcome is less likely but pays more if it wins.

Bookmakers make money through the "margin" (also called the "overround" or "vig"). This is built into the odds and ensures the bookmaker profits regardless of the outcome.

Think of it like a shop selling products - they buy at one price and sell at a slightly higher price. Bookmakers do the same with odds.

In South Africa, bookmakers must be licensed by provincial gambling boards to operate legally. Always check for proper licensing before betting.

What to look for:

• License from KwaZulu Natal or Western Cape Gambling Board
• Secure website (https:// in the URL)
• Clear terms and conditions
• Responsible gambling tools
• Established customer support

Hollywood Bets is fully licensed

Licensed by both KwaZulu Natal and Western Cape Gambling Boards