Topic: How often do bookmakers make mistakes in setting odds? - page 2. (Read 231 times)
In my opinion, these chances do not look wrong. I don't know these boxers and from the outside the outcome of this fight seems to me random when I look at their statistics. I think that bookmakers also estimate the odds as 50-50, but set the odds based on the stakes that the public makes. These odds are most likely the result of the usual balancing of accepted bets.
I'm not surprised that the odds were close but I didn't expect the current champ to be the underdog. She's younger with slight advantage on height and reach.
Anyway, we understand they factor all usable stats but don't really know their exact formula in setting these odds.
~ Should the bookmakers consider Rose Namajunas' KOs of those high profiles she busts before setting the odds,
They probably did already. It looks like they put more weight on Zhang's superior striking and TD defense.Anyway, we understand they factor all usable stats but don't really know their exact formula in setting these odds.
But as far as I know, they set odds according to the likelihood of who will win on the match. Of course, sportsbooks will favor the one who has high chance of winning. But sometimes they don't know also the degree of preparation of each fighter even if we say they consider the age, height, reach and the record. As we have seen in recent boxing matches, there were a lot of upsets. So it means, bookmakers can also make mistakes in choosing who will win the match. Sometimes, the miss also and they can't get the full picture of what may possibly happen in the actual fight.
I don't think the odds are wrong, Rose Namajunas opened as the slight favorites on other bookies but the line slowly shifted on the side of Zhang probably due to the public trend as most punters expect Zhang to get revenge from their previous fight.
I'd also favor Rose here but I still think it could go either way, so putting the odds at 50-50ish is the correct call from the bookies.
This is the correct answer, the public can change the odds given by the casinos, casinos can give very accurate odds but if the public has a completely different view of the odds than the ones they gave then they can force the hand of the casino and force them to adjust their odds, not because they believe anything changes by the people believing a different outcome is more likely, they do so in order to balance their books and to try to obtain roughly the same amount of profits independently of the outcome. I'd also favor Rose here but I still think it could go either way, so putting the odds at 50-50ish is the correct call from the bookies.
I am not good or know much about fighting matches or other related matches or games, but I know much of football and some other games like horse racing, table tennis, basketball and many like that. What I have noticed about gambling companies is that they are very good at it, they make the odds favour them than to favor punters, this is the reason the companies are always increasing in development and process as many people are losing to them. Do not think they are making any wrong odds in their sportbook and almost all the gambling companies are having almost the same or similar odds in their sportbook. The odds favour the betting companies than the bettors.
I'm not surprised that the odds were close but I didn't expect the current champ to be the underdog. She's younger with slight advantage on height and reach.
Anyway, we understand they factor all usable stats but don't really know their exact formula in setting these odds.
~ Should the bookmakers consider Rose Namajunas' KOs of those high profiles she busts before setting the odds,
They probably did already. It looks like they put more weight on Zhang's superior striking and TD defense.Anyway, we understand they factor all usable stats but don't really know their exact formula in setting these odds.
I don't think the odds are wrong, Rose Namajunas opened as the slight favorites on other bookies but the line slowly shifted on the side of Zhang probably due to the public trend as most punters expect Zhang to get revenge from their previous fight.
I'd also favor Rose here but I still think it could go either way, so putting the odds at 50-50ish is the correct call from the bookies.
I'd also favor Rose here but I still think it could go either way, so putting the odds at 50-50ish is the correct call from the bookies.
How often do bookmakers make mistakes in setting odds?
Certainly, Zhang has a beautiful record but the majority of those fights are like amateur fights. Not sure why this was recorded on pro.
Should the bookmakers consider Rose Namajunas' KOs of those high profiles she busts before setting the odds, you can see it's very close even when she caught Zhang in the first fight. Currently, it's Rose (1.97) Zhang (1.87) on Stake.
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