Assertion: bookmaker | /r/CapableOf | take risk positions
Facets:
value: actively
type: MANNER
value: by manipulating point spread markets
type: MANNER
value: with respect to their customers
type: OTHER
value: on the contrary
type: OTHER
Source sentences:
text: On the contrary, Levitt argued, bookmakers instead take risk positions with respect to the outcome of games to the extent that they publish odds which, after their margin has been taken account of, deviate from true or market equilibrium prices based on a retrospective analysis of results.
text: Levitt’s conclusion that bookmakers are not merely passive commission earners but actively taking risk positions with respect to their customers by manipulating point spread markets to increase their returns implies that their prices cannot be efficient, matching the true outcome probabilities.