Andrew Klimishyn | January 9, 2018 at 12:12
Home > Blog > What is the definition and meaning of a turf accountant?

What is more exciting than making money on having fun? For horse races, lovers, football fans and other hazardous players making bets are one of the fastest ways to earn money. Though nobody says that it is easy. This is like with the weather, you can make a forecast but you can't guarantee that it will come true. Besides, imagine that you are new in this business. Your bet may be influenced by the opinion of a turf accountant which is running a legal betting shop. These licensed accounting offices earn money on people’s desire to win on making bets.

There are many types of jobs in the field of accounting. This rare designation is all about hazardous activities. In the Wiktionary thesaurus, there is offered a quite universal definition of a word “turf accountant". This noun means “A person who calculates odds and accepts bets”. You may search for this definition in the dictionary following this link.

A turf accountant is a person who takes money from you if you bet on the result of football games, horse races and other kinds of games and pay you money in case if you win. The turf accounts are often called bookmakers which is a more common and wider title.

How much does a turf accountant make?

You may have your own business or work for an accounting company but in the first case, profitability is higher than in the second one. The salary for a turf accountant varies by the company. It also depends on a range of activities his job covers. Even though there is no a stable figure for bookmaker annual income, one might estimate it within $12 to $50 thousands per year. Experienced professionals who own a business earn up to $60 thous. per year.

Turf accountant job duties

When working on this position, the duties expected to fulfill are related to gambling law as clients of betting offices are making bets on the results of different kinds of games (sports events, football matches, horse races, elections and other).
The betting offices are opened 24/7 from April to August. The bookmakers greet customers, take bets and pay out winnings. They usually start to work from morning to evening until the last bet is paid out. They must have good communication and negotiation skills. Like any other accountant jobs, bookmaking implies keeping records of money taken from customers and paid out by cashiers for winning bets. This job requires making calculations very quickly. The bookmaker should know how to speak efficiently by telephone to gain as high profit as possible. They must be computer literate to keep records with the use of specialized computer programs. Also, turf manager, that is, leading bookmaker should pay attention to how the staff is working, give advice when needed as he is responsible for their training.
To work on this position a bookmaker should be scrupulously honest. This is because gambling is regulated by law. The customers are allowed to make complaints and sue with betting offices in case privacy or any other terms of the bet were violated. When promoting products to clients, bookmakers should explain the betting terms very carefully in order to avoid misunderstanding.

Job requirements

First, to become a bookmaker you need to be 18.  To become a manager in this position you have to be 20. In order to work in a betting office, bookmakers are obliged to pass a maths and English tests. There are no specific entry qualifications. Though bookmaker must be good at negotiation and managing staff. A bookmaker can pass some college courses in gambling but they are not obligatory for these professionals.

Conclusion

A turf accountant is a person whose work is to accept bets from clients on different sport or social events such as horse races, football matches, elections and other. They are expected to pay out a set amount of money to the betters whose forecasts appeared to be successful. They are also called bookmakers which is more commonly used designation.

 

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