When betting, the information surrounding bookmakers always arouses curiosity and questions from players, especially regarding how bookmakers set odds and how they profit from them. If you share the same curiosity, let's wintips explore the following article from dudoan.org to find the answers!
How bookmakers set odds for football betting
The process of setting odds for football betting involves thorough research and analysis of both teams. The aspects that bookmakers consider include:
Ranking and form of the teams about to compete.
Quality of players and the lineup on the field.
Injuries, previous penalties, and disciplinary records of the players.
Previous encounters between the two teams.
Performance records of each team before the match.
Travel distance between the two teams and the advantage of playing at home.
Strategies and lineup deployment by the coaches.
Match timing and weather conditions.
Recent news about the two teams facing each other.
After considering these factors, Bookmaker wintips will start calculating to determine the most appropriate odds. Typically, reputable bookmakers with a well-established reputation will release the initial odds earlier, around 3 to 4 days before the match.
These odds will remain unchanged until the first bet is placed, which usually happens around 2 minutes before the game starts. After this time, bookmakers may make adjustments and changes to the odds based on their own criteria.