I’ve been thinking about this for a while whenever I check the lines in different sportsbooks. We all see odds move up and down before a game, but the real question is, are those numbers actually showing the true probability of the outcome, or are they just being adjusted so the bookmaker balances the action on both sides?
For example, if a team is priced at 1.90, does that really mean they have a 52.6% chance of winning? Or is it more about the book trying to spread money evenly so they lock in a profit no matter the result?
for odds converter, I'm using this i found in the internet
https://www.aceodds.com/bet-calculator/odds-converter.htmlI think that the odds for bookmakers are calculated by some special calculators, and they are not always able to do it correctly. But if it happens that you see such inaccuracies, where in your opinion the probability that the odds can play higher, then you can take advantage of this. I do not know how exactly bookmakers calculate the odds, and to be honest, I have not thought much about this issue, for me it is enough that the odds are not too low for those matches on which I want to bet.