A Complete Guide of Sports Betting Odds 2022 [Updated]
When you first come across betting odds, bookmakers, the media would have you believe it's a level playing field where you can profit by picking a winner. But think about that logically for a second. It doesn't make much sense, does it? If it were true, it would mean the bookies possess a divine power where they can predict the future. It also means that nobody else could do it. Otherwise, they'd be a business which might leave you wondering why they spend so much money promoting tipsters. Bookies don't predict the winner to make their money and understanding how business works will show you why. So wherever you are in the world betting on work the same way, the format may change, but the underlying structure remains the same. It's just an expression of pricing, simply power, but not work by reflecting the implied chance of an outcome in monetary terms, inclusive of the operating margin. It doesn't matter which sport you're betting on or where you do it fro