2007-08-17 09:23:38 · 7 answers · asked by Anonymous in Games & Recreation ➔ Gambling
they have experts take care of this..
2007-08-22 13:51:59 · answer #1 · answered by Felix 7 · 3⤊ 1⤋
They pay their expert handicappers a lot of money to come up with the initial odds. These guys have their own computer programs (as heavily guarded secrets) that work, and are constantly being tweaked to make them more accurate.
After the initial odds are given, it's a 'free market'. The odds will go up or down depending on the betting.
One thing you have to realize... the bookie's 'odds' are not his prediction of who will win, or lose; the 'odds' are given to equalize betting on both sides. The house makes the most money if there are an equal number of bets on both sides. That's all that matters.
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2007-08-17 09:31:09 · answer #2 · answered by tlbs101 7 · 0⤊ 0⤋
With a lot of hard work!
They compare previous trends, formlines, statistics and combine this with an expectation of where the money is going to come from the public.
If you are interested in this subject theres a ton of free info at the Cha-Ching Sports Betting Blog to help you beat the bookies!
2007-08-19 01:43:28 · answer #3 · answered by Anonymous · 0⤊ 1⤋
There are pro handicappers who are hired by the sports books to research and determine the odds. It is done through the most meticulous research found in any profession.
2007-08-17 09:27:10 · answer #4 · answered by Zombie Birdhouse 7 · 0⤊ 0⤋
The odds follow the bets. If the money goes heavy on one side, the odds shift to balance the money between the two sides.
2007-08-17 09:28:29 · answer #5 · answered by Dr Jello 7 · 0⤊ 0⤋
First, thety get a blindfold, then a pointer, finally they spin around....OR, they pay off a referee!
2007-08-25 04:26:44 · answer #6 · answered by Anonymous · 0⤊ 0⤋
How good they are
2007-08-25 07:48:08 · answer #7 · answered by Maxy_Paxy 3 · 0⤊ 0⤋