Bookmaking (noun)

1. The activity of writing or compiling a book, especially a book of reference.
2. The activity of taking bets on the outcome of a race or other event.

Origin:

Late 19th century: from book (in the sense "list of bets") + making.

Examples:

1. He was interested in bookmaking and published several books on the subject.
2. The bookmaking process is a complex and time-consuming task.
3. The bookmaking industry is a multi-billion dollar business.
4. Bookmaking is a criminal activity in some states.
5. Bookmaking is the practice of taking bets on the outcome of a race or other event.