How do Sportsbooks get live odds when they have live betting ? I see sites change odds in real time. How they know what odds to offer ?
There are odd providers in the market who basically provide the odds to the Sportsbooks . They probably provide them in real time and charge the sites a fee for providing the odds .
An example of one such site which provides live odds is: donbest.com
The Sportsbook just have to subscribe to them ,and integrate them to their websites.
^That and they probably have their own people who are experienced in sports betting and they're paid to provide best odds to them based on their expertise in a sport.
And they change their odds based on actual live game scores and conditions of a particular sporting event. I guess it's just like having tipsters on their own side and providing/adjusting bets based on their tips.
I do agree with this explanation ^ and I think these Sportsbookers if not all but mostly they give odds on their own experience and having consultations with other bookers just like us.We place bet on games having known the teams past performance same they do .