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Old 30-11-2020, 10:04 AM
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Betting odds - manipulated or reliable indicator of form

I have just started to gamble small amounts of money into football betting, and it intrigues me how betting odds are determined, and which matches are selected in their "enhanced betting selections":-

So which of the following statements are true...;-

1. Odds are a good reflection of current form/expected result.
2. Odds are manipulated, or matches are chosen to entice the punter to put money on a particular selection where the expected result does not reflect the betting odds for each outcome.
3. Matches are chosen and enhanced to entice the punter to put money on a particular selection where the predicted result is particularly uncertain.
4. Betting odds reflect only the amount of money put on a particular outcome and should not be used as a measure of form or probability.

I hope people have an insight into what goes on.... and hope it will be an interesting discussion!
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Old 30-11-2020, 11:36 AM
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As a start try reading this :-

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I think you will find its a combination of all four. In todays markets even easier to make a profit as a bookmaker. Did study the simple book making process many years ago.
Also learnt enough about horse racing at the lower end small races to know it was not without manipulation when it comes to betting.
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Old 30-11-2020, 11:44 AM
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As I`ve posted elsewhere,Covid football is a nightmare for betting.Since the absence of fans results are all over the place.I only ever bet 5 a time on match outcomes and my losing streak is such that I`m packing it in for the season.
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Old 30-11-2020, 12:26 PM
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isnt the absence of fans making results more certain?....less influence to make bad teams better than form?
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