Bookmaker

Description

Determines risk, offers odds and accepts bets on the outcome of racing and other events. Registration or licensing is required.

Description

Insurance, Money Market and Statistical Clerks prepare and check documentation associated with insurance, maintain records of securities transactions and registrations, offer odds and accept bets, and compile data and undertake statistical and actuarial computations.

Tasks include

• obtaining information on the form of competitors by research, attending race trials and liaising with contacts
• offering and varying odds on competitors after considering the type of event, handicaps, weather conditions and odds offered by other Bookmakers
• processing insurance applications, adjustments to insurance cover, standard endorsements and insurance claims
• monitoring balances of accounts and summarising reinsurance to determine outstanding risk
• surveying potential risk exposure
• despatching notices of premiums due and forms concerning conservation and transfer of insurance
• reviewing, checking, verifying and issuing transaction documentation for securities
• claiming accruing dividends and processing dividend payments
• compiling statistics from financial records, survey returns and other data sources, and verifying the authenticity of the material
• operating computers to input, manipulate and output information
• compiling results of calculations into tables, graphs and charts to be used in analysis
• may work in a call centre