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Topic: How do Sportsbooks get live odds when they have live betting ? - page 2. (Read 1397 times)

legendary
Activity: 2604
Merit: 1036
I don't think people are manually updating the odds in real-time, more likely there is a central server using sophisticated algorithms that is taking care of the live sport events.
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited

Yes but how accurate are those services which show you the odds? 1000 seems cheap if the odds are reliable.
Well I suppose the big ones are pretty accurate. As for the cost, It is cheap if you are a site with enough players to gamble on. And ofcourse these are the cost of the live games and not the pre-match odds, as they would be much cheaper . I haven't personally tried any of these out, but only read about them somewhere.
legendary
Activity: 3808
Merit: 1723
Yes I know but how should I decide which odd provider to chose . And how do they know the score and what odds to offer ?
I believe the odds provider have a person sitting in each match or have a live feed of the match(which has to be before the television as the television stream is delayed) .
You should also know that they charge a very high amount around 400-1000$  per month. So the chances of having a person in the game live, is very likely.

Yes but how accurate are those services which show you the odds? 1000 seems cheap if the odds are reliable.
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited
Yes I know but how should I decide which odd provider to chose . And how do they know the score and what odds to offer ?
I believe the odds provider have a person sitting in each match or have a live feed of the match(which has to be before the television as the television stream is delayed) .
You should also know that they charge a very high amount around 400-1000$  per month. So the chances of having a person in the game live, is very likely.
newbie
Activity: 32
Merit: 0
Yes I know but how should I decide which odd provider to chose . And how do they know the score and what odds to offer ?
hero member
Activity: 672
Merit: 502
How do Sportsbooks get live odds when they have live betting ? I see sites change odds in real time. How they know what odds to offer ?

There are odd providers in the market who basically provide the odds to the Sportsbooks . They probably provide them in real time and charge the sites a fee for providing the odds .

An example of one such site which provides live odds is: donbest.com
The Sportsbook just have to subscribe to them ,and integrate them to their websites.

^That and they probably have their own people who are experienced in sports betting and they're paid to provide best odds to them based on their expertise in a sport.

And they change their odds based on actual live game scores and conditions of a particular sporting event. I guess it's just like having tipsters on their own side and providing/adjusting bets based on their tips.
legendary
Activity: 2436
Merit: 1804
guess who's back
How do Sportsbooks get live odds when they have live betting ? I see sites change odds in real time. How they know what odds to offer ?

just like how they offer the odds before games start
there are providers for the odds and it's their responsibility
and that's why u don't see all the matches have a live bet option
legendary
Activity: 2338
Merit: 1081
#SWGT CERTIK Audited
How do Sportsbooks get live odds when they have live betting ? I see sites change odds in real time. How they know what odds to offer ?

There are odd providers in the market who basically provide the odds to the Sportsbooks . They probably provide them in real time and charge the sites a fee for providing the odds .

An example of one such site which provides live odds is: donbest.com
The Sportsbook just have to subscribe to them ,and integrate them to their websites.
newbie
Activity: 32
Merit: 0
How do Sportsbooks get live odds when they have live betting ? I see sites change odds in real time. How they know what odds to offer ?
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