Submitted by ikashnitsky t3_zbfu8j in dataisbeautiful
ikashnitsky OP t1_iyr9xl7 wrote
Reply to comment by [deleted] in Were there too many sensations in the group-stage games at the FIFA World Cup in Qatar? What if I bet the same amount against the odds in all the group-stage games? WOW – I would have finished the experiment with a net profit of almost 48 coins! [OC] by ikashnitsky
That's very interesting! Do you know of any reference that explains how bookmakers calculate the odds?
[deleted] t1_iyrbh94 wrote
[deleted]
Chubby-Chaser11 t1_iyryy7c wrote
The bookie sets the initial odds. The public decides the ending odds from there
loulan t1_iysw4re wrote
> 1.20 / 3.5 / 6
Why are there three numbers?
[deleted] t1_iysxtae wrote
[deleted]
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