Assertion: bookmaker | /r/CapableOf | price market
Facets:
value: off the predicted proportion of wagers
type: OTHER
value: incorrectly
type: MANNER
Source sentences:
text: Some bettors argue that arbitrage simply exposes where bookmakers have incorrectly priced a market, and therefore the value is in solely betting with the 'wrong odds'.
text: You might be interested to know that there was a time when bookmakers would regularly “take positions” when pricing up markets, rather than trying to create a balanced book.
text: If the bookmaker wants to maximise its likelihood of balancing its book, they would price the market off the predicted proportion of wagers.
text: 1X2’s as an example, you’ll find some bookies pricing their markets up to 110% i.e. a 10% margin, compared to Pinnacle’s 2.5%.