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bookmaking, gambling practice of determining odds and receiving and paying off bets on the outcome of sporting events (particularly horse racing), political contests, and other competitions. A number of casinos in the United States operate as bookmakers in accepting bets on primarily sporting events; this section of the casinos is usually called the sports book. Morning-line odds, established by legal bookmakers, are printed in the sports sections of newspapers throughout the United States. Before 1950, illegally operating bookmakers established a national organization of expert observers who transmit their odds through a network of clearinghouses to individual bookmakers. For example, if one bettor bets 6 to 5 on A and another bets 6 to 5 on B in a situation where only one can win, the bookmaker will collect 12 units and pay only 11 units no matter which bettor wins. Laying off has led to the creation of several large and heavily capitalized bookmaking organizations that accept only bets laid off by other bookmakers. Bookmaking as a profession is known from the time of ancient Rome, when betting on the outcome of gladiatorial matches or chariot races was widespread. In many countries the only legal form of bookmaking, chiefly on sporting events, is done via state-owned or state-supervised organizations. faux saint laurent bag

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    Baccarat's history is said to go all the way back to medieval Italy. The origins of the card game are debatable, but most believe it was created in the 1400s by a man named Felix Falguierein or Felix Falguiere. He called the game "baccara", which translates to "zero", as all tens and face cards were valued at zero (the French spelling "baccarat" would be adopted later). Cards were dealt by four dealers, each player could be the banker, and players could place bets against fellow players and against the house. In today's game there is one dealer, bets are typically placed against the house, and the house also fills in the banker role. The main changes included the players playing against the house only, and the banker role being reserved solely for the casino. In the late 1950s, Tommy Renzoni shipped the game over to the Sands casino in Las Vegas, and the rest, as we say, is history. Baccarat may have not caught on with the public the same way games like real money roulette and blackjack have, but it still enjoys an air of exclusivity and prestige with many casino goers. faux saint laurent bag

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