Bookmakers mistake is what comes once after a long while. I have noticed that a long time ago maybe 4 years back or three where a club that was better was given higher odds than the less favourable club and then bettors noticed it and where betting on it but it was letter pulled down when it was realized and I guess those early stakers got the advantage, though I have forgotten the names of the clubs for now.
Yes they make mistakes but the very noticeable ones or obvious ones don't happen all the time. I is difficult to get those common mistakes in odds because you would have to go through many options to identify such.
Topic: Bookmaker's predictive mistakes. - page 4. (Read 550 times)
I don't think that bookmakers makes this predictive mistakes. Remember that they all get their odds on Las Vegas and those who make it, their job is not to predict who is going to win, but to balance the bet the way they see it.
And so if it happens that there is a upset let's say, then it's not their fault or mistakes. It's that how they find the odds and it's up to us players on who we are going to pick based on the odds that is being presented to us. So it might come from all the records they have, algorithms, perhaps by now they are using AI as well. So it will not be a mistakes, it just shows that we really don't know what the outcome will be in a sport betting as sometime a underdog can defy the odds being set by the odd makers.
And so if it happens that there is a upset let's say, then it's not their fault or mistakes. It's that how they find the odds and it's up to us players on who we are going to pick based on the odds that is being presented to us. So it might come from all the records they have, algorithms, perhaps by now they are using AI as well. So it will not be a mistakes, it just shows that we really don't know what the outcome will be in a sport betting as sometime a underdog can defy the odds being set by the odd makers.
In terms of how often They could get wrong is very little because the only thing that Makes them afloat is the right odds that they are making. So if they are someone who just got into bookmaking and doesn’t know how to really get the calculations right it might affect their profitability. Hence more problems could occur and mistakes.
If someone is in the Bookmaking for so long, Then you would expect him to make less mistakes. It’s probably based on experience.
Looking for mistakes is a great way to profit, maybe someone could share their strategies or something.
If someone is in the Bookmaking for so long, Then you would expect him to make less mistakes. It’s probably based on experience.
Looking for mistakes is a great way to profit, maybe someone could share their strategies or something.
Let's discuss bookmakers' predictive mistakes , because that's where we can make money. In other words, our task as players is not just to create the correct forecast and bet money on it. No, our task is to be more right than the bookmaker. But how can we be more right than the bookmaker? The only way we can win is if the bookmaker makes a mistake, and we take advantage of it. I would like to explain in more detail what I mean by bookmaker errors: these are prediction errors. That is, when your bookmaker miscalculated the odds and your bet on an outsider, for example, worked and brought you a big profit at a high odds.
So, let me ask you more detailed questions to better discuss this topic.
How do you think:
1. How often is a bookmaker wrong?
2. What is his most common mistake?
3. Why do high rates work?
4. Are bookmaker mistakes always impossible to predict?
5. What does the bookmaker overestimate and underestimate (incorrectly estimate)?
6. Why does a bookmaker make mistakes?
7. How can a bookmaker follow the herd reflex of other bookmakers?
(Errors in bookmakers copying odds from each other).
So, let me ask you more detailed questions to better discuss this topic.
How do you think:
1. How often is a bookmaker wrong?
2. What is his most common mistake?
3. Why do high rates work?
4. Are bookmaker mistakes always impossible to predict?
5. What does the bookmaker overestimate and underestimate (incorrectly estimate)?
6. Why does a bookmaker make mistakes?
7. How can a bookmaker follow the herd reflex of other bookmakers?
(Errors in bookmakers copying odds from each other).
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