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Loading...All know that the bookmakers always have an advantage over their clients thanks to margin. And this advantage over the player will be no matter what and in any event even if a player considers it to be rather exotic or unknown. The secret of this advantage is in the scheme of forming the coefficients.
Contrary to popular opinion, the coefficients’ building is based not on professionalism of a certain teams and not on a probability of this or that outcome.
The truth is that the coefficients are built on the basis of public opinion. Bookmakers predict how the money flow of the players will be distributed among possible outcomes of definite event. Statistics and factors that belong to the event are also important but not the main.
Usually bookmakers are simply rewriting the coefficients from each other. This simple process can be divided into the following stage.
Origin
This is the most delicate moment. Hardly anybody knows well about the definite event that is why the event appears at first at local bookies or at those which have their own experts.
The bookmakers can make serious mistakes and that is why the margin is overstated and the coefficients are changing as the size of bets continues to grow.
Involvement of larges offices
Large offices react a little bit latter. They detect the expectations of the players, constantly control the size of bets and correct coefficients for redistribution of financial flow.
The margin can be a little bit lower but the size of bets is still limited. The coefficients of the main rival are monitored in order to exclude arbitrage betting.
Involvement of all other bookmakers
The majority of other bookies start to accept bets next to the large bookmakers when the coefficients will be more or less built.
Final adjustment
This is the final stage. Here the large bookies are playing first fiddle as they first react on the latest news and on other important factors for this event.
