Do you think bookies knows team to win?

[DPHOR]

From what I have observed or been noticing about bookies. Do you think they do have professionals who gambles and gives them analysis on every match that is to play or featured on their gambling site.

Next, do you also think that is those people that gives them the out before they allocates odds to teams that are playing on that week, and they would use such statistics to analyze odds and distribute them to club that are to play.

Lastly; Do you also think that they go book those games on other gambling site? Do you also think that they should be restricted from Gambling casinos operator shouldn't bet or other gambling site because they could exploit the site with reason that they are casino owners which should be restricted because they could use the advantage of them knowing how everything works to scam others?
Just as they ban players not to gamble.

[Charles-Tim]

Just know that those people that are setting the odds are doing it in a way that they are not experts in betting. They will not even be betting because they know what they set, that it is just for the gambling site to make money from their customers than their customers to make money from them the gambling sites.

[swogerino]

Just know that those people that are setting the odds are doing it in a way that they are not experts in betting. They will not even be betting because they know what they set, that it is just for the gambling site to make money from their customers than their customers to make money from them the gambling sites.

The way you put it here it means that most likely expert people in betting can always win through knowing that the people who set odds are no expert at setting odds. It can be true though I think as the way things happen we always see surprise results mostly because the bookies setting odds in a way to deceive bettors but not only because of that, even the referee factor which no one seems to factor in when bet, it is a massive factor that can completely ruin your bet by his decisions which no one also seem to judge him when he makes blatant mistakes. These I think are the factors that bookies rely on to make people lose over the long run in sport betting.

[348Judah]

The team behind setting the bookies don't even have an idea of the team to win a game, but I can tell you that they are very psychological when it comes to reasoning on which team should be given priority over the other, considering that they also have more experience when it comes to sports betting and other activities related to gambling, so they know how the maneuver the odds to the suitability of their own interest and the gamblers.

[Findingnemo]

From what I have observed or been noticing about bookies. Do you think they do have professionals who gambles and gives them analysis on every match that is to play or featured on their gambling site.

They don't know shit. They may pretend that they know things and also might flex with some of the fancy lifestyle but no they are just the same like you, and any analyst can work for them but all they can do is predict the possible winner, just like the regular user does which may have more accuracy and stats in the picture but still the result can go the other way.

I doubt a bookie or the sports agent will be interested in gambling unless they had some insider information about fixing, it is their profession so they will be looking for the people to bet with them.

[Wiwo]

Odds are statistical probability results, sportsbooks is designed on the same architecture with trading where the market probability decides the outcome of the results of your actions.

Odds are designed to either favour the bookies or the gambler, that is the probability and randomization of the market structure.

Sportsbookies hire the services of expert analysts, AI supports market speculators, to work out their odds before it get listed for betting on the market, sometimes their analysis fails and other time the house win against the player.

[rachael9385]

One thing you need to know is that the bookies are also bettors just like you, it is you against them. From the odds arrangement it means that they know the team that has a high chance of winning but this doesn't mean that they are sure of it, that's the reason why I said that it's the prediction of the bettors against theirs.

[nimogsm]

Lastly; Do you also think that they go book those games on other gambling site? Do you also think that they should be restricted from Gambling casinos operator shouldn't bet or other gambling site because they could exploit the site with reason that they are casino owners which should be restricted because they could use the advantage of them knowing how everything works to scam others?
Just as they ban players not to gamble.

It's all about probability, and there are plenty of other factors, like a draw, etc. In any case, analysts are looking at how they can make money, not the player, so it might seem like they understand the outcome. But let's be honest: how many bookmakers have gone bankrupt? I can't recall a single high-profile case. They simply create conditions for us, but whether or not to agree is another matter.

[Charles-Tim]

The way you put it here it means that most likely expert people in betting can always win through knowing that the people who set odds are no expert at setting odds.

What I mean is like a mathematician that will make a conclusion that betting is not good just because he knows the probability of winning and the odd set, that the matches are not worth betting all. I mean all matches, unless you just want to risk your money.

Another example are developers that make bitcoin wallet, but in a way that can not derive seed phrase from master keys. They developed the wallets, why are they not able to derived the seed phrase or master keys from the addresses.

[Sammye3]

No game is certain but analysis could give a 90% chance of winning, that is what the bookies use to manipulate odds to their own interest and make bettors doubt the options they think true. You can see a team that has a higher possibility of winning having a slightly lower odd than their opponent which could give them a little doubt and most bettors could change their option to a less favorable one. That is the power of analysis, no one can fully predict how the result of a game would turn out.

[Agbe]

I don't how how bookies do their odds but from observation, of the odds they displayed before the match starts, they create the odds base on the performance of the team from three or four of their previous matches. And most outstanding among other teams. Live matches are not scripted or can be manipulated because it shows when the matches are going on in the pitch. Therefore, bookies didn't know which of the team would win. Things like this, I use Bayern Munich and PSG game. The bookies favoured Bayern Munich and gave them the highest odd but they narrowly escaped yesterday in the full time and loss in the aggregate for PSG to face Arsenal. What I am trying to say here is that the bookies prediction fall them too.

[Alpha Marine]

They can't know the future. They just speculate based on the statistics and the information they have. They have a lot of resources to know the performance and information of the teams that want to play. They know who is injured, who is in good form and who is not. They know players that are stuggleing or struggle in certain postions, they know teams that struggle in certain staduims, teams that score a lot of goals, teams that don't , teams that concede a lot and teams that don't and so on. So they take all these information and make an educated prediction on what the odds will be.

I don't understand your second paragraph, but just know that the players have no hand in the odds of the bookies. The players have no business with the bookies. Most of the talks of fixed matches are bs and should be ignored. The bookies just analyse games and get the odds, while the players just play the game on the pitch/court.

[monetizator4]

Thank you for breaking down how bookmakers operate. It’s true they use extensive data to form their predictions, which can make betting seem quite scientific at times. However, it's important to remember that while players don't control the odds directly, their performance does significantly impact game outcomes, which in turn affects those odds. Ignoring claims of fixed matches is wise, but keeping an eye on any unusual trends or patterns might be helpful for informed betting.

[Asiska02]

From what I have observed or been noticing about bookies. Do you think they do have professionals who gambles and gives them analysis on every match that is to play or featured on their gambling site.

They don’t have such, they just depend on analysis to give out the odds of the games. The one that seems likely to win the match based on past data analysis is been given the lesser odds and the one that has lesser chances of winning is been given the bigger odds. This is how bookies give out the odds and not depending on any expert to give them any.

Lastly; Do you also think that they go book those games on other gambling site? Do you also think that they should be restricted from Gambling casinos operator shouldn't bet or other gambling site because they could exploit the site with reason that they are casino owners which should be restricted because they could use the advantage of them knowing how everything works to scam others?
Just as they ban players not to gamble.

They don’t need to book those games because the outcome of the game is not what matters to them, it is the long term outcome they want which all gambling site achieve that in the long run. They also do not know what the outcome of the game will be, if they love a bet, there is no likelihood that they’ll win the bet also. So they capitalise on these bettors that put in money. Most times the money is revolved round from the losers to the winners and they don’t touch from theirs and still have some to profit from even after paying their that win.

[Fiatless]

Casinos don't need to consult any professional to analyze games. Several tools could perform that task very well. Casinos can use some online or artificial tools to carry out such tasks. I am even using some of these AI tools to analyze games before placing bets.

Odds are allocated based on the strength and weakness of the teams involved. I don't think gambling operators can control the outcome of games. So there is no reason restricting them from placing bets, especially in sports games. 

[Ruttoshi]

A lot of bookies comes together to fix the odd, it doesn't mean that they're gamblers but that's what they do by studying the teams that are playing. You see that it's not just one person setting the odds which means that they look into many factors that can affect the game and finally come to conclusions on how to set the odds.

These guys ain't genius because if you have observed their odds, you will see that it's not all the time that they're right. Sometimes, the underdog do win the game. Only one man cannot beat the bookie for long because two heads are better than one.

[Grace333]

Except those games or matches are scripted, nobody knows who will win not even FIFA but like I siad except the games aren't scripted.  Though sometimes the odds choice make you want to question the bookie how they managed to come up with those odds probably to lure bettor into picking them and at the end of the game the bet plays otherwise but as long as there is no evidence we certainly can't say our ideas are correct because it's what we feel. I've had several scenarios that made me want to question the bookie after the game why they didn't change the odds even after know that there where players that would miss the game.

[Stalker22]

You are asking if bookies "hire professionals to gamble" for analysis?  Nah, they actually hire data scientists instead.  They do not really need "pro gamblers" when they have sophisticated algorithms and tons of historical data.  All this helps them pinpoint exactly where the risks are.
The odds you see simply show how likely something is to happen, and also what people in the market are feeling.  Bookies start with a line based on stats, but then the market, meaning the people betting, makes that line shift.  If, say, a lot of people bet on Team A, that teams odds will go down.  Its just how supply and demand works.

And this whole idea that bookies are setting up bets on other websites or trying to "scam" by gambling somewhere else is pretty funny.  Why would someone who owns a casino, and literally has the advantage already, bother gambling against another casino?

[Hispo]

You frame it as if people behind bookies and casinos had some way to get privileged information and had very good chances to win of they bet themselves on their own markets, though, it is not secure or straight forwards as you put it on the table.

Bookies operators can bet on their own markets of they want, that is their money and as long as they can continue to be liquid in order to pay their winning bettors and gamblers, then it is okey.

Though, many people believe the house is not supposed to participate in its own markets, as bad pick could effectively render it unable to pay people what is due to them.

[IsraelK]

From what I have observed or been noticing about bookies. Do you think they do have professionals who gambles and gives them analysis on every match that is to play or featured on their gambling site.

Next, do you also think that is those people that gives them the out before they allocates odds to teams that are playing on that week, and they would use such statistics to analyze odds and distribute them to club that are to play.

Lastly; Do you also think that they go book those games on other gambling site? Do you also think that they should be restricted from Gambling casinos operator shouldn't bet or other gambling site because they could exploit the site with reason that they are casino owners which should be restricted because they could use the advantage of them knowing how everything works to scam others?
Just as they ban players not to gamble.

If you feel like the traditional system is "rigged" by insiders and middle-men, Bitcoin-betting is the ultimate equalizer for the strategic player.