Is a Sportsbook a bookmaker?
I'm just looking for a little bit of clarification about some of the terms, if someone could help me out a little bit pls. There is also the term betting exchange which is somewhat unclear to me.
ie. The way I understand it presently is that a Sportsbook may or may not be their own bookmaker. If they aren't, then they would have to purchase their lines from a bookmaking service, or something like that.
Am I correct that a Sportsbook is not necessarily a bookmaker as well? Thank you for any answers you may have..
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