While each bookmaker’s process is bound to be different, our team of experts here at CaptainGambling have put together this article to bring you the general information behind how betting odds are calculated. If you are new to the world of online sports betting, head to our Beginner's Guide to Sports Betting and seek out a suitable bookmaker for beginners to make your transition into the industry as seamless as possible. This is not the case, the odds assigned to each fixture are calculated by a bookmaker relative to the probability of certain outcomes related to that sporting fixture.īookmakers have strict processes that are followed to determine the odds that they offer and understanding these odds will help you to identify a good offer. These odds can seem like gibberish at first as they may look like random numbers assigned to various fixtures. If you are looking to get involved with the online sports betting industry, you are certainly going to come across some odds that will apply to every sport market on offer.
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