I was looking at the odds on some soccer games and the odds I see for odd and even are way too less than 1.98. Since one of the 2 possibilities will happen shouldn't the odds atleast for one of them be atleast 1.98 ?
No that is way too good! How do you think bookies will make money ? The odds are dynamic,per action in the game reflects every digit.
Right now on one of the soccer bets I have opened, I see odds of 1.78 and 1.9. Isn't this a much bigger house edge than betting on dice instead ?
As stated,it's dynamic,those numbers might change in a few seconds if an event occurs,a goal for example unless you choose to bet at that point of time with fixed odds.