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TeachMeFinance.com - explain Bucket shop historic definition... Bucket shop -- A place where bets are made on regular exchange quotations. No actual transactions take place. "Margin" (a bet) is put up by the "customer" and a commission is charged for "buying" and "selling" the same as on an exchange. When the quotations show a profit to the "customer" (or bettor) he is privileged to demand the profit ; when the limit of the "customer's" margin (from which has been deducted the commission for both "buying" and "selling") has been reached the "customer" has lost his bet and the transaction is closed. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.