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How Do Bookmakers Set Odds? The Balanced Book Is a Myth

calendar_today July 20, 2026 person Pred domain pred

TL;DR: Bookmakers do not set odds to balance the money on each side. Research on 19,770 wagers found that in the median game, around two thirds of the money landed on one side, and the operator left it there on purpose. The price is chosen to attract the

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