What does "bookmaking" mean?

The art or profession of determining odds and receiving and paying off bets, especially bets on the outcome of sporting events.

What is a synonym for "bookmaking"?

Common synonyms include: assemble, bet, betting, betting operations, bibliography, binding.

noun

noun ·3 syllables ·Uncommon ·Advanced level

Noun

1
The art or profession of determining odds and receiving and paying off bets, especially bets on the outcome of sporting events. uncountable, usually
2
The art or practice of compiling books from the writings of others. uncountable, usually

From Middle English boke-making, equivalent to book + making.