Assertion: bookmaker | /r/CapableOf | adjust odd
Facets:
value: accordingly
type: MANNER
value: in this case
type: TEMPORAL
value: greatly
type: DEGREE
value: usually
type: TEMPORAL
value: to find a balance
type: PURPOSE
value: to improve their chances
type: PURPOSE
value: rarely
type: DEGREE
value: in such levels
type: OTHER
value: depending on the way
type: OTHER
value: according to market movements
type: OTHER
value: for an event over time
type: TEMPORAL
value: as a chain reaction
type: MANNER
value: slightly
type: DEGREE
Source sentences:
text: An odds compiler may be required to monitor the financial position the bookmaker is in and adjust their position (and odds) accordingly.
text: It’s these factors, amongst others, that determines when a bookmaker adjusts their odds.
text: Whilst the above represents a simplified yet accurate representation of the odds setting process in theory, in practice any number of things can cause a bookmaker to need to alter their odds.
text: He will adjust the odds as he sees fit to keep that over-round high without going to far and pushing the odds too much in his favour.
text: This is why they adjust their odds depending on the way people are betting: if a lot of people are betting on the same outcome, they reduce the odds, which both reduces the amount they would have to pay out, and makes the betting proposition for that event less attractive, reducing the number of people who take them up on it.
text: Therefore, you will often see a bookmaker adjusting his odds for an event over time.
text: Why Bookmakers Adjust the Odds & Lines
text: Bookmakers, therefore, must adjust the odds they actually offer to punters in order to try to ensure they make a profit.
text: Playing on dropping odds means that you bet on a bookmaker that has yet to adjust the odds according to market movements.
text: As a chain reaction, bookmakers will adjust the odds in such levels to find a balance, as to be considered fair by the punters.
text: They then adjust the odds and lines as to where the money will be directed.
text: This illustrates that the odds on the NFL are rarely set to generate 50/50 action because the bookmaker can exploit "square" action by skewing odds against their traditional bias (i.e. the point made above about the Ohio State Buckeyes - if the bookmaker is aware that they are going to take a larger % of the bets, they can either adjust the odds or the spread so the better has to pay a premium to bet the Buckeyes - e.g. the -7.5 or more than one touchdown instead of -6.5 - especially if the true rating for the game was around -5 or -6).
text: The bookmaker will actively price and adjust the odds such that it will make a profit regardless of the outcome.
text: Bookmakers adjust the odds slightly to improve their chances of winning.
text: The bookmaker will then rarely adjust these odds greatly as they will effectively handicap the market against other bookmakers and sportsbooks (generating a profitable opportunity for "sharp" action).
text: This fact allows bookmakers to adjust their odds on the expectation of the average football punter.
text: The bias can be explained by punters being attracted by the potential of big profits offered by large odds, and undervaluing the smaller gains to be had by betting on the favourite (and bookmakers adjusting their odds accordingly).
text: In this case, the bookmaker with the most aberrant odds would usually alter their odds closer to other bookmakers' prices.