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Once you get to know how bookmakers make sure they always make profit, your gambling experience can be phenomenal. Some matches are over priced or over priced ( more odds offered for a winning team).

What things have you noticed with Bookmakers that they do not want punters to know?

What you mean to say is some time you can guess it but some time bookmakers are also get loss as some matches they itself cannot tell who will win

I also have wanted to know many times how the bookie stays in business. They must use a special formula. But they also take a risk. They can lose too. Maybe some bookies run ^^ Its a good question I hope someone who knows more can shed some light here as many of us are interested in this.

Bookies wont lose in the long run.None of the major sports betting has closed its doors till now and it is a billion dollar business anually. I am not sure what the OP is the trying to understand but major bookies know how to attract people into gambling with attractive offers and bonuses because the more people they have the more chances are to earn more money as they know they will eventually lose.

The bookies make money/stay in business regardless of the outcomes of bets/matches because of the commission, a.k.a. "juice" that they charge on each bet.

Simple example: You bet 1 btc on some team to win at 1.90 odds.

If you lose, you get nothing and the book keeps your 1.00 btc.

If you win, you get your original bet of 1.00 btc back, but instead of also getting even money, you only get an additional 0.90 btc winnings. The leftover 0.10 goes to the book. This is the juice/commission/vig/vigorish.

Yea an let's not forget the "trusted" tipsters...all they want is the affiliate program moneies

I didn't understand what OP is wanted to know from this post?

There are so many matches are fixed these days, so none of our experience will help to guess the winners correctly, and these bookies know how to play with these tricks and get profit. Normal persons difficult to guess those things.

Good explanation that's like when both lines are offered 1.90 to win team 1 and 1.90 to win team 2 if you calculate the probablity you'll get
1/1.90 = 52.63%
1/1.90 = 52.63%
 The bookmaker already gained a profit margin of 5.26% from that match alone, knowing the bet amount are equally balanced. This is the reason why you need to shop for higher odds to not lose more profit in the long term.

Indeed so many people getting caught in total frauds nowadays, but that usually happens in the lower divisions, its way harder to fix a high level match for example first division soccer. Imagine the insanity that would happen if a Barca vs Real Madrid was found to be fixed. It could be the end of sport. Nobody would trust anything ever again. That's why I think it's reasonable to bet on high level matches.

I never noticed anything like that. I do know that the odds distributed for an event (their book), does not represent 100%.
They are supposed to have profit from that difference. Of course that is much more complex, and the odds also vary according to the bets they get etc, but I never noticed anything like you are saying. Maybe I did not understood what you meant.

First things first a bookmaker will always honey pot the punter as they know that we tend play the numbers {odds}
Secondly I don't think their is a formula other than the head to head records and team\player form which we could use to bash the bookie

If you want to be 1 step ahead of the bookies, you have to be careful watch lots of soccer games (I am talking about soccer here) of all different leagues, whatever the league you follow one game everyday, you will check the stats of the teams carefully , you will know which team from a certain league scores many goals, have great attack and etc.

A clear example where all the betters did beat the bookies by a big margin is the last weekend game from Ligue 1, PSG vs NICE, where bookmakers clearly favored PSG with 1.33 odd. On the other side betters talking to each other here in the forum concluded (most of them) to play Nice handicaped still bigger odds, +1.5 Asian handicap 1.90 and +1 2.25 and the end result were draw of the game 2-2 which means all betters won that night.

This is how you can be inside the bookmaker mind and beat them with your skill as all people had seen Nice games this year and surely was a big mistake to give them odds of 9 . Don't know if bookmakers did this intentionally or not but they were beaten to death that night. I am sure they remember it as a horrible night.

Well, bookmakers are not always right but most of the time they are, they are setting the line to confuse the public like setting a line that is too good to be true, and when the public sees that line they automatically jump and buy it but Bookmakers already knew that would be the initial reaction of the people. However, to win and to know what is the mind of the bookmaker, one method is always successful which is betting against the public.

I think it really helps to understand that the lines are not set based on what the bookmakers thinks they should be set at. They set the lines based on what the PUBLIC thinks the line should be set at. This is a huge difference. You gotta take advantage of public misconceptions to make money, because the lines are based on those incorrect perceptions of value.

there is something called mathematics of bookmaking and psychology of bookmaking.

both math and psychology have a big impact to trick a lot of common people in sportsbetting. that is what i found about the theory behind bookmakers. mostly people fall into it, no wonder the bookmakers always have profit in the long run.

With math, I guess gamblers are more smarter since we can focus in one game only and we can analyze it with the data we have, but bookmakers has to set different lines in different games. Their biggest advantage is they lured us to think we are right, they master psychology over math and that is the reason why we fail even if we are too confident with our analysis base on the statistics.

Thats the real business over there looking for this big mistakes coming from the gamblers mind before making or creating the odds the more you make good calculation the more money you will have from this mistakes for sure business will keep moving forward.

Definitely, they always want to beat the public to make money and that is the reason why sports betting industry are very profitable. If we notice, we sometimes see a line that we think it's a no brainer but in reality it is just a trap for us to put our bet without analyzing the game carefully.

Nothing is easy in gambling and we must know that, the public likes the favorites but favorites does not cover most of the time. End result, we lose and they win.

Bookmakers don't know everything but they fear " true fixed games " the most as they can wipe them out if many people bet on the " fixed result ". This is one of the reason why bookmakers limit bets on lower leagues and won't hesitate to limit your bets if you keep winning. Anyway, bookmakers don't really care for most people who lost more than they win.

Some bookmakers dont even lower your limit even if you keep on winning. It is gambling and they knew that sooner or later you are just going to lose everything however some does as they dont really have the bankroll to sustain such huge winnings all the time which is why people do need to choose their bookmaker carefully

That's not the point of the question, I think. Sure, bookmarkers can get a loss but normally they should always make a profit in the long term.
It's just a matter of consistently making the right calls according to your correct assessments, due to variance and unforseen circumstances, you'd make a loss from time to time, but overall you don't.

In my local bookie, back in 2014, I waged on NBA games with him. I was doing martin gale and was losing pretty bad. So what happen was I'm on my 6th lost and I needed to wage $1,000 for a game. When I informed him about it, he said he would change the odds for this bet. I was shocked with it as it was the first time he did it. I knew a lot of players that gambled with him. So I think they always know who will win.

I guess they don't know who will win, otherwise they just beat on the other sportsbook and stop operating, maybe the amount you bet is too big and they cannot accept it anymore so they change the odds so you'll have a lesser payout in case you win. The thing is, if you are only betting in a big and reputable gambling site that $1,000 would never be big, I have seen people betting like 10 BTC in nitrogensports, so maybe you bet on such site.

No one really know the exact result of a game unless the game is done however in most sportsbook cases they will just confisictate your winning if they are not able to pay you. There has been alot of cases that happened with it which is why people dont really trust a new site and keep on sticking with their favourite site

they hiring a lot of master mathematics and master psychology to make us looks dumb.

and most of the times it works, all their lines are formulated to trick us . they may let us to win on 1 or two bet option but the rest are trappy. no wonder if you bet a lot at once there always something like 1 winning and 6 losts!

There secrets arent really going to be leaked because then its open for more people to try to make more of the pie,
They normally work in teams and each part of the team has a part they do and only know about their part in most cases unless they are a lead.

It doesnt really take a genius to figure out what is wrong with the odds. Sportsbook has the highest odds in all gambling games comapred and yet people keep telling themselves that they have a real chance in gambling though some in depth research however that doesnt really mean that there will be more winner then loser

That's correct, you can easily spot when there is something wrong with the odds or you think that is not the normal odds. If a favorite team open a line as favorite and nearing game time they suddenly because underdog, then always do some kind of research as something has happen in the inside that we don't know, don't fall for the trap and jump directly.

I personally feel the bookmakers are at big risk too. Most of the people who make big bets, are either addicts or people who are like tippsters. With the tippsters they take a lot of risk, and addict gamblers are where they sort of make it up. A lot of casinos even like DB were hit by this guy who won big amounts, which I am sure would make any bookmaker worried.

So yes a lot of these bookmakers play around with things like odds or max bet amount which can give them the edge they need to stay in business.

I don't know if they have that much of a risk. Maybe they can't really control parlays. They might be hard to win, but they sure pay big amounts when people hit them. On single bets, I think they have all under control, or they should have if they do things properly. They control the odds and the max betting limit, so they should always have their profit even on all outcomes, no matter what happens I guess.

Same as other members here i quiet confused regarding on this matter on how bookmaker could able to generate profits regarding on this field. They cant really control parlays and i dont think that they have the full control on single bets.Some members said that they do experience risk specially when huge winnings do happen on a particular player.

There was a study already that tells, the more you have many legs in a parlay your possible winnings might increase but your chances will be lowered, so the line set was carefully studied, and if you are a sports bettors who love to make parlay bets, you can tell your percentage of winning and say to yourself that bookmakers are doing an awesome job in every line they set.

i think they don't always win in the games and if they always win in the match, i think they have a special other thing that they don't share with us because its their business, if they share their secret then they can not make a profit in gambling. so i think as long as we can make profit too with their advice, its no problem for us and we can make a bet with safe and we can win the games.

It cannot be possible that they win all the time, bookmakers are smart but they are not God so they are not perfect. They are only good in reading what the mind of the majority would think and they take advantage on that using their expertise by putting a line that in favor of the gambling sites, but there are smart people which we called the sharks, they are good in guessing if lines are trap or not.

Who said bookmakers always make profit ? I've won multiple bets multiple times with great odds,this is my win win situation and bookmaker's loss.Matter of fact,they accept bets for multiple games with a number of people.The winning-lose ratio determines whether they profit or not.

They keep it as transparent as possible.Punters get confused when with the flexible odds.If a goal is scored and team is on the losing verge,the punters fall for the high odds resulting a loss in the game.

The win or lose ratio has nothing to do with their profit. It is the amount of profit that they won from players and the amount that players actually win from them. If there are tons of bet that won 0.01 btc each and they won from a single bettor who wagered 1 btc then obviously they are still getting some profit

Sometimes, bookmakers are biased towards certain teams. This can be a good or bad thing depending on what you are betting. Bookmakers don't really care if you win small amounts from them as they can cover your winnings from other people losses. I notice many times that the odds in basketball does not make sense and you can make huge profits if you can spot the underpriced moneyline.

that's true bookmakers know what they are doing , they set a tricky odds to mislead everyone who look at the numbers. if you have gamble for long time enough you may feel on how there is something odd in every lines that bookmakers provided, if you careful enough you'll always find a crack and win every bets, at least have a good winning percentage.

Bookmakers are people like us, they have no supernatural power whatsoever. If you want to beat them, you have to be smarter than them. You can work in groups of 2-3 persons or alone. Usually when betting on a single event if you study the event all day long, watch every thing regarding that event I am sure in bookmakers like the one in my signature which offers lot of betting options you can find one which I am sure you can win, lower odd but still a win.

That s completely a different story that some sites might scam and trusted ones will go longer.

I think sportsbook have no strategy at all, all they believe is just their edge and their system. Some sportsbook want to accept your bet on minimum odds like in directbet if you choose flexible bets then they try to confirm your bet on 1.01 odds lol

Thats how they get profit, wether we like it or not thats not their concern as long as they could get profit from that tiny odds that they give to the favourites however some sides actually offer higher odds for favourites to encourage people to bet more on the site well it doesnt really matter if you are only wager a low amount

One thing that I personally have noticed is that the bookmakers always want the gambler to make pre-match bets and that's when they offer much more Max betting amount rather than later in-play markets. Maybe its because live in-play matches are more easy to be fixed ( match fixing ) on the spot ?