Bookmaker betting involves placing wagers on various sports events or outcomes through a licensed bookmaker, who sets the odds and facilitates the betting process. Bettors can choose from a range of options, including point spreads, moneylines, and over/under totals. The bookmaker's role is to balance the action on both sides of a bet to ensure profitability, regardless of the outcome. This form of betting offers excitement and the potential for profit, but it also carries risks, making it essential for bettors to understand the odds and manage their bankroll wisely.