bookmaker (n.)

Middle English bok, from Old English boc "book, writing, written document," generally referred (despite phonetic difficulties) to Proto-Germanic *bōk(ō)-, from *bokiz "beech" (source also of German Buch "book" Buche "beech;" see beech), the notion being of beechwood tablets on which runes were inscribed; but it may be from the tree itself (people still carve initials in them).

Latin and Sanskrit also have words for "writing" that are based on tree names ("birch" and "ash," respectively). And compare French livre "book," from Latin librum, originally "the inner bark of trees" (see library).

The sense gradually narrowed by early Middle English to "a written work covering many pages fastened together and bound," also "a literary composition" in any form, of however many volumes. Later also "bound pages," whether written on or not. In 19c. it also could mean "a magazine;" in 20c., a telephone directory.

The use of books or written charters was introduced in Anglo-Saxon times by the ecclesiastics, as affording more permanent and satisfactory evidence of a grant or conveyance of land than the symbolical or actual delivery of possession before witnesses, which was the method then in vogue. [Century Dictionary] 

From c. 1200 as "a main subdivision of a larger work." The meaning "libretto of an opera" is from 1768. A betting book "record of bets made" is from 1812. The meaning "sum of criminal charges" is from 1926, hence slang phrase throw the book at (1932). Book of Life "the roll of those chosen for eternal life" is from mid-14c. Book of the month is from 1926. To do something by the book "according to the rules" is from 1590s.

Old English macian "to give being to, give form or character to, bring into existence; construct, do, be the author of, produce; prepare, arrange, cause; behave, fare, transform," from West Germanic *makōjanan "to fashion, fit" (source also of Old Saxon makon, Old Frisian makia "to build, make," Middle Dutch and Dutch maken, Old High German mahhon "to construct, make," German machen "to make"), from PIE root *mag- "to knead, fashion, fit." If so, sense evolution perhaps is via prehistoric houses built of mud. It gradually replaced the main Old English word, gewyrcan (see work (v.)).

Meaning "to arrive at" (a place), first attested 1620s, originally was nautical. Formerly used in many places where specific verbs now are used, such as to make Latin (c. 1500) "to write Latin compositions." This broader usage survives in some phrases, such as make water "to urinate" (c. 1400), make a book "arrange a series of bets" (1828), make hay "to turn over mown grass to expose it to sun." Make the grade is 1912, perhaps from the notion of railway engines going up an incline.

Read the valuable suggestions in Dr. C.V. Mosby's book — be prepared to surmount obstacles before you encounter them — equipped with the power to "make the grade" in life's climb. [advertisement for "Making the Grade," December 1916]

But the phrase also was in use in a schoolwork context at the time.

To make friends is from late 14c.; to make good "make right" is from early 15c.  To make do "manage with what is available" is attested by 1867; to make for "direct one's course to, proceed toward" is from 1580s, but "Not frequent before the 19th c." [OED]. To make of  "think, judge" is from c. 1300. To make off  "run away, depart suddenly" is from 1709; to make off with "run away with (something) in one's possession" is by 1820. To make way is from c. 1200 as "cut a path," early 14c. as "proceed, go."

Make time "go fast" is 1849; make tracks in this sense is from 1834. To make a federal case out of  (something) was popularized in 1959 movie "Anatomy of a Murder;" to make an offer (one) can't refuse is from Mario Puzo's 1969 novel "The Godfather." To make (one's) day is by 1909; menacing make my day is from 1971, popularized by Clint Eastwood in film "Sudden Impact" (1983). Related: Made; making.

"one who accepts and pays off bets at agreed-upon odds," 1885, a colloquial shortening of bookmaker in the wagering sense.