Profitable
bets can exist because the bookmakers determine their odds on what the general public believes the probability of that team is to win and not of the actual probability based on the performance of the team or player. The most of general public betting on their favorite team no matter the true probability for win is. The art of making a book is to 'balance' it that a profit is made no matter what the outcome is. Bookmakers make money by offering odds that are different to the real probabilities in the underlying event. All the stuff of this site is completely free. If you have questions or remarks feel free to send me a mail. |
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