The term 'BOOKIE QUOTE' is composed of four words, each with a different number of letters. The first word is 'ODDS' which is a 4 letter word meaning the likelihood of something happening or being true. The second word is 'RAID' which is also a 4 letter word and refers to a sudden attack or invasion. The third word is 'BET' which is a 3 letter word and means to stake or risk money on the outcome of an event. The last word is 'RAIDED' which is a 6 letter word and means to have been attacked or invaded suddenly. Together, these words form the term 'BOOKIE QUOTE' which is used to describe the ODDS given by a bookmaker on a particular event.