Assertion: bookmaker | /r/CapableOf | know true probability
Facets:
value: for the outcome of competitions
type: PURPOSE
Source sentences:
text: In reality, a bookmaker won’t know the true probability, bettors will bet differing amounts, and at Pinnacle, sharps will attempt to punish what they believe are inefficient odds.
text: An imbalanced book may arise since there is no way for a bookmaker to know the true probabilities for the outcome of competitions left to human effort or to predict the bets that will be attracted from others by fixed odds compiled on the basis personal view and knowledge.