That is called a bookie or bookmaker.
A bookie
gambler
Teller
Bank Bookie
A wager is either something deposited as a bet, or something on which bets are laid.
Bettor --- a person who bets.
A bookie is someone who takes bets from people for a living. He will illegally take bets on sporting events and will pay out to those who win and collect from those who do not. The odds, like in most gambling are in the bookies favor.
At least in part it was a scam on America. The exact economic term is "moral hazard". Moral hazard occurs when one person or company takes a risk and, if successful, will reap the reward. But if unsuccessful someone else takes the loss.In the 2008 crisis AIG, for example, made bets on the credit market - bets that had been paying off for them as a company and as employees getting large bonuses. Yet when the bets became big losers the taxpayers of America were faced with a choice of bailing them out or dealing with catastrophic possible consequences. And the employees who took the risks still got huge bonuses.
There are 26 bets.
Free bets was created in 2005.
Not that I've ever heard. All bets are not winners - most bets lose the money.
Life Stinks