Do you think bookies knows team to win?

[Odusko]

If they wouldn't use statistics and experts to determine the odds for their favor, where do you think those numbers on those odds would come from? Would they just type them out randomly?

And no. They don't KNOW the outcome, they only know the statistical changes combined with predictions made by team of specialists. Only way they would KNOW the winner, would be if they got some insider info for fixed matches.

Sure bookies have the tools that helps them to make odds decisions, there are not just making random decisions and letting bettors win everything, infact their have experts market analysts that take data of the market and make expert advice among other's, the ability for casino to make odds calculations is what make them remain I business just like how their make house edge on games that are in house games.

[Junii]

Well honestly what i believe is that it is not a bookie or few peoples work . It is a whole secret group of peoples and a whole system where data plus market pressure constantly shapes the odds. In modern betting the crowd itself also influences odds a lot because heavy betting on one side forces adjustments.

[Z-tight]

Op, in case you do not know, the bookies have no business with setting the odds in order to get the exact outcome, it is about how they can make profit and that is where the margin comes into play.

They do a lot of analysis into the teams and also make adjustments based on the betting audience, after the initial odds have been set. So in short, the bookies do not know who will win, nobody knows who will win in sports betting, they only make expert analysis and set odds to ensure that they will make some profit.

[ejikeme24]

Well honestly what i believe is that it is not a bookie or few peoples work . It is a whole secret group of peoples and a whole system where data plus market pressure constantly shapes the odds. In modern betting the crowd itself also influences odds a lot because heavy betting on one side forces adjustments.

What did you mean by it is few people's work, are you trying to say that there are set of people who knows how the game is going to end even before play? If so then why are we still saying that gambling is a game of luck? For me I don't think if anyone knows the team that will win unless they will decide to rig the match and of course this happen most of the time in gamble but not often because had it been there are people who knows team to win and the one to loss I'm sure by now almost all the casino sites would have been Short down.

[Franctoshi]

I doubt but base on the tools they use or systems they use, they can Identify potential winners and that's what they use to assign big or very small odds to those teams when they are about to play or during a live match. Though they may have access to some sophisticated information about a match that we individual gamblers do not personally have access to. But generally, they basically rely more on the tools and datas to assign their designated odds.

[Ndabagi01]

Bookies are not concerned or focused on who gets to win the game. What they’re after is the number of people to come bet on the games, and how they can gather together to make profits. Bookies are after long term profits and not the short term ones. So making the odds looks catchy and attractive to you in order to draw your attention to wanting to bet more is what they’re after while still maintaining expert analyst on how they can give the best outcome from a odds on a game. Bookies don’t know who to win or lose.

[Hazink]

Well honestly what i believe is that it is not a bookie or few peoples work . It is a whole secret group of peoples and a whole system where data plus market pressure constantly shapes the odds. In modern betting the crowd itself also influences odds a lot because heavy betting on one side forces adjustments.

I don't think they are a group of people. I believe this is being handled by an already-programmed bot which pick up data and checks market pressure based on where bettors are betting most and do their odd shuffling from their it can't all be naturally handled by humans, not that it's not possible, but with the technological advancement we have not I doubt.

[Julien_Olynpic]

No one knows or can know the future, especially complex, anticipated events like sports matches. The only thing we can make is a plausible and realistic guess about the outcome of a future match, and nothing more. But none of us are God. If an expert knew for sure which side would win, they would be rich. But the truth is, everyone substitutes guesswork for true knowledge. Bookmakers don't care who wins; they only balance the money line.

[Fredomago]

Well honestly what i believe is that it is not a bookie or few peoples work . It is a whole secret group of peoples and a whole system where data plus market pressure constantly shapes the odds. In modern betting the crowd itself also influences odds a lot because heavy betting on one side forces adjustments.

I don't think they are a group of people. I believe this is being handled by an already-programmed bot which pick up data and checks market pressure based on where bettors are betting most and do their odd shuffling from their it can't all be naturally handled by humans, not that it's not possible, but with the technological advancement we have not I doubt.

That's how bookies maximize the use of the system, it's generates data which helps bookies how to calculate and how they offer odds in each games that they supports for betting, I agree that it's far from a single human intellect or a group of people that designates and places each offers for any types of games that they supported, they base their decision to the system that they pay and they trust to compute and calculate in each games they offer.

[SquallLeonhart]

Just the same way bettors work with chances and odds Is the same way bookies do that, there is no way that anyone can read the future or know the outcome of a particular game. It always seems that the bookies are steps ahead of the bettors and that's because they also make use of the input of sports analysts as well.Based on stats the bookies can have an idea of the team that has a high chance of winning the other but this is not guaranteed because when it comes to sport games anything can happen at the end of the day.

Yeah I agree, nobody in the world knows if a bet will win or not, and which team will win or not, this is not something even the owners of these clubs, or the players would know, it's totally unknown to everyone and they just do it. In other words, we may say that only God knows about the final outcome of every game, just a lighter part of this discussion.

Surely there are corruption and match fixing, but we can't possibly know on which one, because at the end of the day we are talking about games that do not matter, on games that matter there won't be a match fixing, both sides will want to win, but on games that do not matter, how could you know which one is fixed and which one is not?

[bakasabo]

I dont believe bookies know which team will win. They use same way to predict the winner but on their odds also number of bets and amount makes an impact. Might be that they are greatly influenced by supply and demand as well. If there were someone who would know results with 100% accuracy, then this person doubtfully would waste time and talent working on bookies.

As to fixed events, then bookies might know who would be the winner, but only if they are major or only sponsor of the event or league. But that still isnt 100% true, because not all leagues, bookies, teams are so corrupted.

[Dr.Bitcoin_Strange]

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.

You are right mate, this is exactly my thoughts as well. Even if people like that exist, they are not going to let themselves known to anyone that they actually have such abilities because they would be abducted either willingly or forcefully by the government or sports book owners who really needs the ability for their business. When the sports books also have such person, that means many people would lose their bets more than before.

The great ability to forecast the betting results is bound to evoke persecution of those financially or politically underprivileged. The best action that can be taken so as to escape the risk of being kidnapped or even coerced by the authorities is to stay anonymous. The openness to such possibilities would certainly infringe the fairness system in the gambling industry and give an unreasonable advantage to selfish site owners.

That's true, if any casino owner gets hold of such gifted person, selfishness will awaken in them and they will definitely use the opportunity to make sure they make so much profit before they can pause for a while. So like you said, it would be better for someone with such gift to stay anonymous and just be taking the advantage on their own. Someone said that some rich people have a secret which they never share with anyone and that's true to an extent.

[Rashlyowl]

Sometimes I also think like that, thinking that those sites have their people there, but then I realized that why do they need those people when they can make easy profits from people betting & they take advantage of the edge. So, thinking like that is wrong, the discussion will be different if we discuss match fixing, it is real & has happened in our country.

[shawonngp]

I don't think bookies can make 100% sure prediction, it is not possible for anyone, because we can't guarantee what will happen in the future or which team will win. But bookies can make very accurate predictions so that they can win most of the matches; they have technical analysis & extension knowledge, and by applying that, they are able to manipulate odds. And they use many tools & software to analyze the match, as a result of which the possibility of winning is very high due to their accurate prediction, so it cannot be said that the bookies know everything in advance, which team will win or lose. Their prediction can be wrong sometimes. However, in some specific sports betting, they know 100% about the winning team in advance because the results of all those matches are fixed, I mean match fixing.

[Perfectbaby]

I dont believe bookies know which team will win. They use same way to predict the winner but on their odds also number of bets and amount makes an impact. Might be that they are greatly influenced by supply and demand as well. If there were someone who would know results with 100% accuracy, then this person doubtfully would waste time and talent working on bookies.

As to fixed events, then bookies might know who would be the winner, but only if they are major or only sponsor of the event or league. But that still isnt 100% true, because not all leagues, bookies, teams are so corrupted.

That true and you are right. When it comes to gambling no bookies can actually give exact accuracy on which club or team to win because those major leagues and clubs could be hardly to be influenced by people where they would rig the match so easily except for some local leagues which are that easily being influenced due the amount they could be either offering them unlike the other higher leagues.

[sompitonov]

That true and you are right. When it comes to gambling no bookies can actually give exact accuracy on which club or team to win because those major leagues and clubs could be hardly to be influenced by people where they would rig the match so easily except for some local leagues which are that easily being influenced due the amount they could be either offering them unlike the other higher leagues.

It often happens that teams in local leagues earn very little and take the risk of match-fixing. Bookmakers are unaware of this, but players also won't place bets on their own behalf, only on behalf of friends, to avoid being caught. As for bookmakers, I think they have leverage over teams, but if this is discovered, their business will be ruined; the stakes are too high. Today, almost no bookmakers will do this because they'd rather maintain their business profitably than try to win over players multiple times.

[knuckey]

It's hard to be certain. Some people are suspicious of bookies, and I think it's a 50/50 situation. We might say the bookie knows the final outcome of the bet, but we never know if that's true or not, or whether the bookie is playing fairly and honestly. We can only guess based on our own suspicions. In my opinion, we should focus on what we can control: our assets and our emotions, not on bookies we don't know for sure.

[Franklyn-wood]

Sometimes I also think like that, thinking that those sites have their people there, but then I realized that why do they need those people when they can make easy profits from people betting & they take advantage of the edge. So, thinking like that is wrong, the discussion will be different if we discuss match fixing, it is real & has happened in our country.

 
For match fixing I have heard about it and also seen it happen in different occasions on some of the previous matches I have watched.
This is no doubt that match fixing is really. For cookies to know who will win and who will lost is what I I can't really tell, and if we say that this is true, how comes that there will be multiple wining that almost crash the site , because they have to pay out hug amount of money to those who win. With this i believe that it possible for them to have experts who can read outcomes of games well but not 100% accurate.

[lombok]

Sometimes I also think like that, thinking that those sites have their people there, but then I realized that why do they need those people when they can make easy profits from people betting & they take advantage of the edge. So, thinking like that is wrong, the discussion will be different if we discuss match fixing, it is real & has happened in our country.

 
For match fixing I have heard about it and also seen it happen in different occasions on some of the previous matches I have watched.
This is no doubt that match fixing is really. For cookies to know who will win and who will lost is what I I can't really tell, and if we say that this is true, how comes that there will be multiple wining that almost crash the site , because they have to pay out hug amount of money to those who win. With this i believe that it possible for them to have experts who can read outcomes of games well but not 100% accurate.

Gambling sites do not have to rigorously fix all bet since their margin system can ensure they make money out of huge amount of player. There are wider loopholes of statistic manipulation than having insiders consistent in manipulating the result. Although match fixing is a working reality and thus contravenes the essence of sportsmanship, to the bookmaker, it is much more lucrative to have genuine statisticians as opposed to attempting to claim control on the fortunes of a particular player manually.

[DiMarxist]

I think that every Casino has a team of analyst that use certain parameters such as how informed a particular team is when trying to alot odds to teams. Everything depends on probability based on the current performance of the team. I don't think that Casinos actually knows whether a team will win or not but they are also like gambler's who hopes that a game should go their way. That is why some times we see a team with a high odd beating a team that is inform and so the casino aportion a small odd for.