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While you have a house edge, you need to deal with the possibility of shelling out money regularly. This is especially the case if an underdog wins a popular game that people bet on- one event can cost you thousands. Luckily, successful bookies can make anywhere from $5000-$10,000 in a single week.
Bookies are usually paid a commission at the end of every week on their total books losses. From interviewing a variety of bookies, these commissions often vary from 10-20% (let's assume 20% because those are the ones that I have seen more often).

ck the "bet cell" 3 The bet will populate in your bet slip. 4 Enter your Bet amount. 5

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For example, you have selected five wagers, you may choose to bet on the system 4/5 . This means that you will receive your winnings if at least four of your five wagers are correct. The same principle applies if you choose a system 3/5 ; you will receive your winnings if at least three of your wagers are correct.
What is a system 2/3 (3 bets)? A 2/3 system consists of 3 bets which transpire from 3 picks -- three 2-pick multis (parlays). At least two of the three picks must be correct to gain some winnings - the exact amount of the winnings depends on how many of the predictions prove correct.