How do bookmakers set odds at the best betting site in the world ? Based on what factors? These are the questions that football betting enthusiasts always ask themselves when looking at the odds. Today, we will together explore in detail how bookmakers set odds and where to find the most accurate football odds predictions.
Understanding how bookmakers set football odds in detail
Normally, about 3-5 days before each match, the team of football analysts at the bookmaker will conduct research on the following factors before announcing the official odds for the match:
Recent form of the 2 teams, fitness of key players
Balance of power, team formation, injured or suspended players
Analysis of factors such as home field advantage, away field disadvantage, temperature, weather, and match time
Head-to-head history, which team has won more, which team has more potential
Current rankings of the 2 teams, tactical mindset of the coaches
After analyzing these factors thoroughly, the bookmaker will calculate and adjust the odds once again before presenting the odds table to the players.
The odds for the match will usually remain unchanged or fluctuate slightly until the match is about to start. When the match starts, the odds will continuously change depending on the progress of the match.
Factors that determine the fluctuation of bookmakers' odds
After the bookmaker announces the odds for the match, the ability for the bookmaker to adjust the odds table will depend on the following three main factors:
Quantitative information about the betting odds
Qualitative information about the betting odds
Number of players participating in official betting
The bookmaker's odds calculation is based on the following quantitative information:
The current ranking of the 2 teams on the standings
Factors such as home field advantage, away field disadvantage, or stadium where the match is held
The tactics of the coaches and the playing style of the 2 teams
The bookmaker will enter these data into the analysis system to determine the probability of each team winning. And of course, these quantitative factors are only relative.
After obtaining quantitative information, bookmakers will find it easier to set odds. From the time odds are released to the time of the match, news surrounding the match, such as 'the key player will not be able to play due to injury,' will be the basis for bookmakers to change the odds.
The number of players participating in betting on a match is the final factor affecting how bookmakers set odds and the fluctuation of odds. The goal of bookmakers is to have an equal number of members betting on both teams in a match, at which point bookmakers will profit the most from the difference in odds.
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