Question: What algorithms do bookmakers use to set odds?
Bookmakers rely on sophisticated algorithms and risk management strategies to set odds, ensuring profitability while balancing exposure. They…
Question: How do bookmakers ensure profitability despite sharp bettors?
Bookmakers employ a range of strategies to ensure profitability, particularly by capitalizing on bettor irrationality and market…
Question: How do injuries impact odds and how can bettors capitalize on this?
Research on sports betting markets has uncovered several important insights. One major factor affecting team performance is injuries. Teams…
Question: Do early lines or closing lines provide better opportunities in betting?
Research on sports betting markets has shown that the timing of bets can affect profitability and market efficiency. Studies suggest that…
Question: How do closing line odds reflect market efficiency?
Some research shows that betting markets don’t always work perfectly, while other studies suggest they are usually efficient. For example, in…
Question: Are there specific sports where bettors can achieve higher ROI?
Some people wonder if certain sports make it easier to earn higher returns on bets, but research has mixed answers. Some studies show that…
Question: Is it possible to profit from betting on underdogs in horse racing?
Research on horse racing betting markets has revealed a persistent favorite-longshot bias, where favorites are underbet and longshots are…
Question: Are greyhound racing odds more or less efficient than horse racing?
Research on betting market efficiency in horse and greyhound racing has produced mixed findings, with some studies identifying inefficiencies…
Question: Is it true that betting on the favorite always leads to losses?
The favorite-longshot bias in sports betting, where bettors overbet longshots and underbet favorites, has been widely examined across various…
Question: What are the most profitable strategies in sports betting?
Many studies have looked at which betting strategies can actually make money. In the NFL, research suggests that betting against divisional…