Sports odds from Las Vegas Sports Consultants (LVSC). Here the original sports odds are figured by a committee basis, with a group of certified professionals who have a particular expertise in a specific sport. While these people are extremely knowledgeable, their conclusions still have holes, because, they are human and humans make mistakes. Not to mention, there are so many factors which play into a course of a game before and during that the oddsmakers can't foresee. There is early value in most line releases and watching a live sports odds board move immediately after release of the daily sports odds will pinpoint initial adjustments.
To beat the oddsmaker at -110 vigorish a player must hit greater than 52.38% of his plays.
An odds maker (bookmaker) must take into account every possible thing which may affect the outcome of an event. The general role of the bookmaker is to act as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. The bookmaker accepts both wagers, and maintains a spread (the vigorish) which will ensure a profit regardless of the outcome of the wager. However, the key assumption is that the total amount wagered is equal on each side, or within a certain percentage of equality. An imbalance results in a certain amount of exposure (event risk) to the bookmaker. To avoid this, bookmakers adjust their prices (sports odds) to attempt to balance wagering, so that they get the same amount of money on both sides. This can be viewed as a form of sports odds arbitrage.
Some of the more important information looked at is the quality of the teams or participants, injuries, incentive to win, weather and field conditions, where the contest is being played, history of the match-up, what each team has done recently, and what do they have ahead of them, not to mention any special particulars such as how players on a team are getting along, trade rumors, etc. If you are looking for help this season team up with one of the OB Experts.
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Michigan State - Ohio State | 2013 Big 10 Championship Game
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Free NFL Winner - Monday night football
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Written by Christopher Rockfeld on 10/14/2013
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