![]() With five minutes left of a soccer match that’s currently 1-1, sportsbooks have given odds of 2/1 that there will be over 2.5 goals and ones of 1/5 that there will be under 2.5 goals. Let’s use the simple “over/under” bet in soccer as an example. Instead, they want to reduce their own risk while at the same time offering lines that are attractive enough for sports bettors to come along and place a bet. It ensures there is enough interest on both sides of a betting line so that the sportsbook stays in profit.Īs a result, the oddsmakers aren’t necessarily looking to create lines that reflect the accurate probability of an outcome. Sports betting sites have one primary concern when setting their sports odds: They need to balance both sides of a bet so that – among other things – they can create a point spread that makes sense. ![]() In this article all about how do bookmakers set betting lines, we’ll be showing you exactly what goes into the thought process. These need to ensure they always make a profit, but they still need to be attractive to the sports bettor. Oddsmakers are today aided by computer algorithms and world-class betting software to help them set their odds.
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