I’ve always wondered how bookmakers come up with the odds they offer. Do they base it purely on data, public betting behavior, or some proprietary model? Knowing this might help when trying to spot value or market inefficiencies.
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How do bookmakers set their odds for different sports?
How do bookmakers set their odds for different sports?
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Bookmakers use algorithms, historical data, and expert opinion to determine odds. They compare potential payouts with user behavior when placing bets in order to protect profits. Odds are not just forecasts, they are designed to create balanced betting shops. If you're interested in how odds work in practice, https://1-xbet-kenya.com/bonus is a great betting platform that shows odds updates for many sports in real time.