How bookmakers set odds | bettingexpert academy

In this video the bettingexpert academy explains how betting odds work and how bookmakers set odds. To the bookmaker, pricing up an event correctly is the key to his long term profitability, and to him this is purely a numbers game. A bookmaker will first of all price up the "real" chance of an event i.e to 100% and then alter the prices for the in-built margin he has established for the type of event. Be sure to check this video and find out more about this topic.
Find out more about how bookmakers set odds here 👇
www.bettingexpert.com/academy...
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[@anonymously94]

Well explained, thank you.

[@deckyBWFC91]

Can you do a video on how a bookie would price up a greyhound race 6 runners.
From what I've seen on track fave is always between 5/4 and 7/4 going up or down with bets
And rest just a random 9/4 11/4 3s or 4s.

[@MAHIPOLITO]

Please I really need to understand how Corner Handicap is calculated during live game, do you have any idea on how to get this information ?

[@Raghy07]

So they give you better odds than actual for a draw? Surely not.

[@trace8153]

love it

[@pankajsj1984]

Hello