One thing I was wondering though is that when I placed the bet the odds were big but as the betting ended the odds decreased.
Would have been more thrill if the bets remained the same at time of placing the bet.
It would have been a completely different betting system.
Bet on the latest events against other FreeBitco.in users and win a share of the prize pool if you pick the winner!
We offer player versus player betting rather than fixed-odds betting against the house so what the other players do after you placed your bet determines what happens to the odds next.
https://www.gamblingsites.com/sports-betting/types/pari-mutuel/https://en.wikipedia.org/wiki/Parimutuel_bettingGot it. Thanks for the links, now I understood the concept well. In fact we have been doing this kind of betting in place I work in where the prize pool would be the loser's money.
I just didn't know there's a name and a whole concept behind it. So this explains why the odds keep on changing since the people are actively placing their bets on different ranges.