3 ms·
For sure, there is still incentive for bookies to start with a price that is close to the ending price. And if you base your picks on a 'late' line then that is
by JamesSwift 2y ago
For sure, there is still incentive for bookies to start with a price that is close to the ending price. And if you base your picks on a 'late' line then that is probably more likely to be a 'correct' line.
- 2d8a875f-39a2-4 2y agoWell beyond even that, they're optimising for profit so they are looking for things like setting odds that match popular sentiment when the real outcome probability is significantly different.