Ok. In a peerless bet who is responsible for setting of odds. Would these be lifted from other "legal" sites or will Wagerr employ rafts and rafts of risk analysts, odds compilers and traders to set each market - remember each individual sporting event would have its own vast array of betting markets for each individual match. Setting of these odds would also require some degree of local knowledge. Idiosynchrasises such as "Team or injury news" also go a a large way in determing how odds are set.
Also, the dynamic odds situation is a tool that is used by all bookies. It doesnt necessarily mean that the book isnt overly balanced on one side of a market. Sometimes the house just has to assume that risk.
do you mean "isn't overly
unbalanced?"
There is no way to perfectly balance as you mentioned, it's about reducing the risk of overly unbalanced events so that the "house edge" is maintained, on average, over a long period of time.
Lines are initially pulled from existing sources, part of the data gathered by the Oracles. As more bets are placed one way due to "news" or whatever, the lines are adjusted to encourage more bets the other way. No knowledge is required.
The player sets or chooses their own lines with H2H and MU bets.
Thanks for the response. I did indeed mean unbalanced. I have invested some in this project. I feel the market is potentially huge. I guess time will tell just how many markets each event will have and indeed how many events will be covered. Will inplay betting also be on offer or is that still very much further down the pipeline.
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