Originally Posted by Veri:
“Do bookies actually do that? Set odds based on their own feeling, rather than on the bets they've been receiving?
That's what I thought, but above we have seem to have a claim that some bookies set odds based on what they themselves feel and think will happen.”
“Do bookies actually do that? Set odds based on their own feeling, rather than on the bets they've been receiving?
That's what I thought, but above we have seem to have a claim that some bookies set odds based on what they themselves feel and think will happen.”
They will set odds at a level they hope to entice people to place a bet. When they have a lot of bets they will keep them low to make sure they don't lose out that much. Also lets say for example Person A had a few large bets on them they would have shorter odds than somebody who has a lot of bets on them for a lesser amount overall.
Also Harry has always had short odds throughout it is very possible he had more money put on him in September than say the first week of December as a random example. Though he would stay with short odds it may not be as indicative that up to date betting is as confident. He is also the safest each way bet so would be interesting to see how they are reflected against out right win.



