Do you think bookies knows team to win?

[Porfirii]

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.

No, if I was a professional who knew which team would win every match, I would make enough money on my own and I wouldn't need anyone to hire me.

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.

-snip-

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.

No, well, linked with my prior answer, that's not how I understand it works. Afaik odds are calculated by the so called oddsmakers, which I don't think it's anyone who gambles and give advice and therefore should be restricted from gambling etc. but mere algorithms built to ensure a house edge for the bookmaker.

[Aanuoluwatofunmi]

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.

[Dr.Bitcoin_Strange]

So what this means is that even gambling casinos speculate on the possible out come of a match before they distribute odds, by gambling casinos, I mean sportsbooks.
So after they have distributed the odds and gambler start betting, they start adjusting the odds based on public opinion, And then the game finally kicks off, the casino will also start adjusting the odds based on what how both teams playing are performing on the pitch until the match ends and a winner emerges.

That's true, the bookies also speculate on the probably outcome. I don't know why some people believe that the bookies have experts who do the prediction and already know what the outcome would be. There was this old thread I raise before asking if anything has won a game of 5.0 odds and above, some people said yes they had and meanwhile those games with those high odd must have been the games the bookies thought the team would not win and so they gave high odds to the team but luckily they won. That's just a clear example that shows the bookies doesn't know the outcome unless it's obvious.

[Agbamoni]

One thing I can assure you about the bookies is that they are experts in prediction based on analysis. The bookies are like every other bettor out there. With the current performance of the teams to play, they use those stats to arrange the odd but this time they are arranging the odd to favor the house not the bettors. In addition, bookies dont know for sure which team will win because sometime the favorite team end up losing.

Yeah, it'll only require someone with some kind of psychic powers to be able to actually tell which team is gonna win, so no one really knows the exact outcome of any game, not the gamblers, not the bookies, not even those who fixes the matches, except of course the game was somehow rigged or the game's outcome was already fixed or decided before it even started, we can find this in some small leagues, asides that, there's no way for people to know the exact outcome of any game.

Do you believe there are people with psychic powers? Well, I dont believe there are people like that. If they exist, they are probably in danger because billionaires will want to get them as their personal assistants, and the government will go after them because of their abilities. Also, online casinos and sportsbooks will find a way to silence these people, as the ability is bad for their business.

[Achalugo BTC]

Do you believe there are people with psychic powers? Well, I dont believe there are people like that. If they exist, they are probably in danger because billionaires will want to get them as their personal assistants, and the government will go after them because of their abilities. Also, online casinos and sportsbooks will find a way to silence these people, as the ability is bad for their business.

Normally in this world, anything that most people sees as treat, they will ensure they do all they can to eliminate the person or thing, as far as its standing against their plans and their chances of having more money because they believed that whatever thing that have extraordinary power and its not under their control is a treat and as you said earlier, it will cause damage to their business and expect they are in control of it, that is when they can be at peace.

[suzanne5223]

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.

It is not what we think, because what you ask is exactly what they did to provide the sports betting odds for every match. It is just that they add the combination of online research and the stance of the game fans, so that there will be some kind of fever feelings among the fans, because the more this happens, the more money the bookie makes out of the game.

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.

Yes, and no, because once the experts provided the odds.
The bookies don't distribute the odds to the clubs. Nevertheless, every bookie has 1-2 major platforms they use to get their odds through the use of a subscription, just like they did by having a partnership with game providers.

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 don't know about a gambling platform owner doing this, but the result of the game is something they also don't know because the odds makers are in charge of everything, just like the slot game providers are in charge of everything. What the gaming platform owner did was just implement the provider service on their platform.

[Johnlomape]

No, I don't think so.

They are posting odds and spreads because they are unsure what will happen. It's all just a prediction for them, too. Although sometimes, you can be surprised at how exact the number can be. It has happened to me many times, and I can say I am still surprised whenever I win with just 0.5 difference or 1.
Odds with x1.90 with a -5.5 spread, and the team won by 6 points. It's amazing how they can do that, like they really went deep to check all the records and stats. Still, there are times they make mistakes, like the underdog will win even if the spreads are at -15. Lucky are those who will place their bets on the underdog because they are definitely high multipliers.

Casinos are often playing the mind game which is to know what people are thinking about a game and what could be the posible outcome. Casinos are already good at adding odds to different matches and this is based on what majority of bettors are expecting as the outcome of the match. This is why they are making money from sport betting since they are able to control the mind through the way they add and remove odds to matches. The odds changes can make more players to lose money if the favorite team players are expecting to win couldn't win.

[mak013]

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.

Once i had canceled bet and bookie has an office in my city. I visited it and the answer was, that it was new employee and he made a mistake in analyze.
I don`t know was it truth or not, i don`t know how it works with other bookies, i don`t know use bookies AI for analyze nowadays.

I sure that their newcomers are not professional betters and i think that they give odds manually, using some algorithm.

[Bitcoin.com97]

I don’t think they know ,because if they do thousands would have being winning on a daily basis, so I believe they depend on statistics and instincts, which means they don’t know the outcome of the games talk more the team to win , the odds are carefully analyzed but the team to win is not part of it .

[retreat]

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.

I don't think bookies know which team will win, because bookies are just like us, they don't know which team will win. And if you're wondering where they get their odds data, they usually use Betradar or a similar platform. It's impossible for them to analyze all of that data manually. What they do is simply provide bets on their platform and profit from the margin, regardless of the outcome of the match itself. So, they are a business trying to profit from the betting business, they are not "gods" who know which team will win.

[rachael9385]

The first thing bookmakers rely on is called probability. They cannot know in advance about the outcome of the matches. But their statistics, which show the state of the teams at the time of the game and past games, allow them to calculate the coefficients. Again, in sporting events, there is always a chance that something may go against expectations, and bookmakers skillfully adjust their coefficients.

You have a point, the bookmakers make use of, this is how they make money. Like I always say, the bookmakers are also betting as well because it's the prediction of the bettors against theirs. They make use of the informations they have about different clubs to set the odds and whenever there is an update they end up adjusting these odds, all is done to put them in profit.

[fredericktaylor]

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.

It is absolutely true that bookies do not use any supernatural powers to win gambling games, they follow previous games and do very good research nothing more. The prediction that bookies make through gambling are not always correct because the results of gambling are unpredictable. Sometimes even with proper research the guesses are not correct they do not have any power through which they can give completely correct information to win. They research a match properly and accordingly make a guess sometimes it is right and sometimes it is wrong. I think that the chances of winning can be increased by doing research based on correct information.

[danadc]

You have a point, the bookmakers make use of, this is how they make money. Like I always say, the bookmakers are also betting as well because it's the prediction of the bettors against theirs. They make use of the informations they have about different clubs to set the odds and whenever there is an update they end up adjusting these odds, all is done to put them in profit.

It's interesting to see those points of view, but if something happens that changes everything, then they lose, and if they lose, it's a significant amount of money they'll stop receiving and that they have to hand over. These are the kinds of things that are also at risk, and if it were to come out that the game is rigged and that they know it, it would be a huge scandal besides, not all the players bet on it they'll have other options. Probabilities are a great weapon, but in sports betting, everything changes.

[Dunamisx]

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.

That's true, no one knows what the probability of setting an odds for the bookies my b on gamblers that are playing all the actual condition to the game the set for, anyone could guess right on take advantage of some of these odds provided by the bookies to win his bet and at the same time, you may get it wrong and lose if you focus more on the odds without looking at the actual probability of winning or losing.

[Ayers]

The idea that bookie know everything in advance is actually a ridiculous rumor. Which is usually spread by loser who are betting high and in a bad mood

But bookies do not know in advance who will win. They do not actually fix matches. What they are good at is setting the odd in such a way that no matter what the outcome of match they make profit. They fix the line based on huge data, old record, the betting patterns of sportsbettor and the moves of big stakes

actual profit of the bookie come from the excitement of fanbase because everyone love to bet on their favorite team. They also make money from vig. You knoow football matches can turn upside down at any time. And it is because of this unpredictable nature sportsbook survive and make a lot of money

[Royal Cap]

Of course big bookmakers definitely have an analyst team. They don't just predict odds or rely on AI. They set the line by analyzing a lot of data, injuries, betting volume. But this doesn't mean that they always know the exact outcome or control everything.  However I agree with one thing, having an insider advantage can create a conflict of interest. Especially for those who know the data or player behavior inside the system, unrestricted betting sounds a little unfair, So I think many industries have employee trading restrictions, so it's not unusual for the gambling industry to have some limits.

[Odusko]

Bookie's don't just list their odds, their must have some level of professional analysts and other tool that benchmark the odds or each team that is playing, that is why you see that most in most times even the gamblers will lose and some will win regardless th bookie's still remain in business no matter how much is won by gamblers and paid out, their have mechanism that keep them in profit and constant revenue generation.

[Free Market Capitalist]

The way I see it, how casinos and bookmakers operate has been common knowledge for a long time, yet people keep coming up with the most far-fetched conspiracy theories, and the OP is proof of that.

Of course big bookmakers definitely have an analyst team. They don't just predict odds or rely on AI. They set the line by analyzing a lot of data, injuries, betting volume. But this doesn't mean that they always know the exact outcome or control everything. 

That’s the explanation, plain and simple—no need to overcomplicate it. They have a combination of the best tools available, plus—and this is very important—the freedom to set the odds, thereby securing what’s known as the “juice,” which is similar to the house edge in casino games, but in this case, rather than being a mathematical certainty, it’s more of a probabilistic estimate.

[|MINER|]

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.

[KTChampions]

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.

Bookmakers essentially take into account all available data for analysis, not just past game statistics. Injuries, tournament motivation—everything is taken into account. I think there are hundreds, if not thousands, of parameters with varying weights. They don't perform magic, but all the research shows that they are very accurate in their predictions. This is even evident from the odds – currently, major events are very close, and the bookmaker's margin is sometimes less than 4%. They are certainly confident in their analysis if they can afford such a small margin.