If you are thinking that betting on coin flips and sports are not the same thing, you are right.
As opposed to the coin flip, the problem with sports is that you do not know the probability of a win, draw or defeat. So how do we determine it?
The short version is that some bookmakers are really good at determining their odds at
a level that reflects the underlying probability.
This allows them to have a high payout rate and a small margin.
Most bookmakers, however, are not that good, and when they don’t know whether
their odds are in line with the actual probability, they compensate with high margins.
After all, they are all about making money
Sometimes, new information enters the market.
If, for instance, one team’s key players are suddenly left out of the team, odds on the opponent will fall.
The best bookmakers are market-driven and their odds will shift automatically.
Others set their odds manually and might lag behind. If they do, their odds are suddenly higher than the one of the market leaders.
The margin they once had is lost, and the probability shifts in your favour.
As with the coin flip, if the odds are higher than what is supported by probability, you have a profitable bet.
Trademate users have earned over 5.000.000 EUR in profit, and you can join them. Start earning real money beating the bookmakers with the proven methods of value betting now!Get started Now - For Free
Our partners at Oddshero applies the proven method of Matched Betting to help you profit from bookmaker bonus offers. You can earn your first 1.000 EUR in less than a month!Find out more
We recommend Sportmarket as your Broker/Account to the Asian Bookmakers and Exchanges.Visit Sportmarket
Get The Best Articles and News To Your Inbox
Subscribe to our newsletter and stay updated.