Do you think bookies knows team to win?

[Accardo]

The bookies are not performing magic to know which team will win or not, the only best they are distribution based on the previous statistics they got from some of the past activities and performances, in which they can also be wrong or be close to being wrong, while it is also left for us to decide on how we could create a blend for the two as we Gamble, to either consider the odd before playing or neglect it and use our own personal analysis to judge.

Bookies seem to learn about the formular needed to calculate the odds or set the games, anybody could work as a bookie, the method or statistics behind calculating those odds in a game must have been done by high level mathematicians and neurologists, and a bit of internal information about any upcoming game, this would give them an insight of the right approach to games to enable high profits for the casino.

[goldkingcoiner]

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.

I think bookies are very good at pretending to know who will win. If they really knew, do you think they would go around telling people, or would they keep that to themselves? If I knew,  I would definitely not tell anyone because I would not want to get caught for cheating when I place my huge bets.

It is most important to trust your gut feeling when it comes to people. There are two sayings that I like to think of:

First: If something feels too good to be true, it probably is. Trust your gut.

Second: Free cheese can only be found in a mouse trap.

[Bigjoe33]

I think they know. They just set odds based on different options and reasons sounding the team and the situation at hand.  Sometimes, I think that they look at the present form of the teams to play, sometimes too, there history, sometimes too, the situation t hand(like the match and how important a win is for any of the team, and sometimes, there own thoughts, based on what they feel or who they think will win the match. So, I don't think they know, because even they themselves also predict and many times also fails. Thats why sometime, we see a 16-30 odd win a team with just 1.20 odd game.

[freedomgo]

I think they know. They just set odds based on different options and reasons sounding the team and the situation at hand. 

Bookies would not make things harder for themselves. They are not really the ones setting the odds, that is the job of the oddsmaker. Bookies just offer the lines on their platform, and that is it. Setting odds is not really the main job of bookies, because if they set their own odds differently from the market, that could be the end of their business. Bettors would easily find value or do arbitrage betting against them.

So for me, people sometimes misunderstand this part. The bookie’s business is to accept bets and manage the action, not to personally predict every outcome or create their own random lines.

[Hispo]

I think they know. They just set odds based on different options and reasons sounding the team and the situation at hand.  Sometimes, I think that they look at the present form of the teams to play, sometimes too, there history, sometimes too, the situation t hand(like the match and how important a win is for any of the team, and sometimes, there own thoughts, based on what they feel or who they think will win the match. So, I don't think they know, because even they themselves also predict and many times also fails. Thats why sometime, we see a 16-30 odd win a team with just 1.20 odd game.

Bookies in general have a better idea which team will result victorious in the incoming matches, they have more information and analytic tools than the average bettor,.that is a fact, but even that is not enough to get guaranteed money, otherwise they would always bet on their own markets and basically print money with that privileged information.

Even bookies can lose money if their venture on betting in their own markets and fail to correctly predict outcomes.

For the point of view of a normal business, a stable business, it is better for them to stay out betting on their own markets and just collect money from fees and the volume of bets itself.

[JahriMeayer]

As far my idea, bookmakers don't even have any idea of Which team will win at the outset. They just calculate the probability like statistical and historical data analysis as well as market tendencies and such thing to understand. While professional traders, analysts & even AI models are used in almost all sportsbooks, their purpose isn't to know or accurately predict the outcome, rather to set favorable odds. Bookies main concern is managing their risk. Afterwards, they adjust odds based on betting trends in order to guarantee themselves profits, doesn't matter whether the team wins or loses. Match fixing, insider information etc are an exceptional thing but this kind of act is illegal & strictly being monitored...

[YOSHIE]

Do you think bookies knows team to win?

No, it goes against the perception of gambling laws, they never know who wins, logically if they knew who won they could tell other people to place bets and betray the casino owner, The dealer never knows that, in general the dealer doesn't care if you win or lose.

The point is that you placing a bet on their gambling site is a pleasure for them, meaning you have contributed to their casino and become their customer. what they are worried about is that customers can balance their opening 50/50, they have no profit in the business, but if the point is 70/30, it means the customer can only win 30% of the total, the dealer will enjoy the win.

[Showlove01]

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.

The question is really difficult to answer because none of us work with this organization or people you are talking about so we don't stand a chance to answer the question correctly and also even if we do know there is nothing we can do about it and those who are even aware that is working with them, may take something like oath never to share any game (information ) to anyone be it family member or not. Sometimes the odds are set to manipulate people's mind or distract them from the decision they are suppose to make.

[rachael9385]

Actually, here I think that Sports bookies generally hire sports analysts and many sports bookies do this by purchasing APIs. However, I personally don't think that sports bookies know in advance which team will win.
Because if this happens, it will fall into the category of match fixing and of course those casinos will go through the complications of the law. So if anyone thinks that casinos know in advance which team will win, then they are wrong.

I haven't actually thought about to this and now that you mentioned it I think it's making a lot of sense to me as to how these sportsbook are quick to know certain informations even before the bettors. That's the reason why they are quick to adjust the odds because they have analysts that give them the required information on these games.

[qwertyup23]

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.

If this were the case, then we would probably hear about it given that they can predict the future.

Obviously, no one can accurately predict which team would win regardless on the ownership of the platform. They may have access to tons of data, information, and other factors but no one can accurately predict which team would win because it encompasses normal understanding which is beyond the human capabilities.

Bookies rely on both internal and external data in order to adjust the odds according to the information they have. They can at least predict which team would have an edge against the other in which they would take advantage of.

Actually, here I think that Sports bookies generally hire sports analysts and many sports bookies do this by purchasing APIs. However, I personally don't think that sports bookies know in advance which team will win.
Because if this happens, it will fall into the category of match fixing and of course those casinos will go through the complications of the law. So if anyone thinks that casinos know in advance which team will win, then they are wrong.

I haven't actually thought about to this and now that you mentioned it I think it's making a lot of sense to me as to how these sportsbook are quick to know certain informations even before the bettors. That's the reason why they are quick to adjust the odds because they have analysts that give them the required information on these games.

Even if that were the case, they still cannot predict with absolute certainty which team would win. However, they have the edge on knowing which team would MOST likely win given the information and data they have on hand. Equipped with such information, they will do everything that they can in order to take advantage and earn maximum profits as a whole.

[barbara44]

There is no way of knowing unless there is a corruption going on. Sometimes, there are corruption, and contrary to popular belief, it is not in smaller leagues. People think that match fixing happens only in like low leagues of unknown countries or whatever, that's not true, I am sure it happens there too, but believe me, there are match fixing even in premier league and this was documented in other countries but FA declined to pursue.

Not like for games that matters of course, why would anyone throw away a game they need to win, but if you are 10th and paid a lot to lose a game, the worst will be becoming 11th, in that case you can certainly do match fixing and it is being done very professionally, and in those cases they do know the result.

[Wakate]

Actually, here I think that Sports bookies generally hire sports analysts and many sports bookies do this by purchasing APIs. However, I personally don't think that sports bookies know in advance which team will win.
Because if this happens, it will fall into the category of match fixing and of course those casinos will go through the complications of the law. So if anyone thinks that casinos know in advance which team will win, then they are wrong.

I haven't actually thought about to this and now that you mentioned it I think it's making a lot of sense to me as to how these sportsbook are quick to know certain informations even before the bettors. That's the reason why they are quick to adjust the odds because they have analysts that give them the required information on these games.

Information is power and gamblers can also search for these kind of information before they decided to gamble.
There are so information that are disclosed from the public and are only for insiders. If you don't have that connection, you may not know what's happening and if a match is fixed to go the opposite way.

[Jubilee58]

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.

There are many factors that contributes to bookies allocating odds to teams. In the first place, odds are being allocated based on team's form, and stats , maybe the number of times the two teams have met, and what the outcome was, they also look at injury sustained before the match will start, and by the time they look into these factors, they will be able to apportion odds . Now, these gambling sites also differs, and it possible for some gambling sites, more especially the smaller betting sites to copy odds from other well known sites, and adjust it in their own gambling site.