Predicting and setting odds are not the same thing.

[YOSHIE]

Predicting and setting odds are not the same thing.

Of course I am two things that are not the same item, but have the same goal, in gambling predictions can change in immediately but determine can no longer be changed.

Actually in the world of gambling there are many pearls of wisdom that can be interpreted, but the goal is one bet, establish, analysis and so on but one goal of winning and money.

For that, whatever the strategy we do when doing activities in gambling, remember that gambling will not release us from all the risks that can happen at any time.

[Die_empty]

1. Statistics that weren't collected for some reason, but were important for the outcome of the match (some minor factors that influenced the outcome of the match, which we consider "chance" or "luck").
2. Factors for which statistics are not yet collected or for which few people know. For example, hormonal changes in players' bodies that affect their performance. This especially affects women, for example, in tennis.
3. Factors that haven't even been formalized yet and are poorly understood. I can't give specific examples here for obvious reasons.

There are many factors that affect the outcome of games that are not known by both the bookmakers and bettors.  An example is recently a player in my country's national team revealed in an interview that the reason why they lost in a final was because one of our key and most reliable player played with injury. Now the two goals that we conceded in that game were because of his mistakes. Bookmakers didn't know this but some players and the coach were aware.

Bookmakers will simply set odds based on available statistics. It's just a hint about the game and not a prediction.

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And can we equate the two phrases "predicting the outcome of a game" and "setting the odds correctly"? But setting bookmaker odds "correctly" for an upcoming game doesn't mean predicting the outcome correctly. You, as a bookmaker, can set the odds "correctly," that is, rationally, in accordance with the available statistics, but the actual outcome of the match will contradict the advantage you set in the odds.
Why is this so? Because the actual outcome of a match is influenced not only by the statistics that have been collected, but also by:
1. Statistics that weren't collected for some reason, but were important for the outcome of the match (some minor factors that influenced the outcome of the match, which we consider "chance" or "luck").
2. Factors for which statistics are not yet collected or for which few people know. For example, hormonal changes in players' bodies that affect their performance. This especially affects women, for example, in tennis.
3. Factors that haven't even been formalized yet and are poorly understood. I can't give specific examples here for obvious reasons.

a pool of money will be created for each game's bet, based on the bettors interested in it. the bookmaker's goal is to withdraw as much money as possible from this pool into their own accounts when the game ends. in other words, bookmakers don't actually need to know what will happen in a match and with what probability in order to make money. the only thing they need is the money that goes into the pool i mentioned.

while a large portion of this money always goes to the winning bets, a certain amount will remain with the casinos as part of the business. the money the casinos earn generally has little to do with how the game ends.