Post
Topic
Board Gambling discussion
Re: Do odds really reflect reality?
by
BABY SHOES
on 08/09/2025, 09:35:55 UTC
for odds converter, I'm using this i found in the internet https://www.aceodds.com/bet-calculator/odds-converter.html
I cannot access this site.
I actually want to know how odds are converted.

I am not sure if the odds are adjusted based on the probabilities before the match and during the match. It is true that when the match is ongoing, we will see the odds being adjusted according to the real situation of the match. But there are definitely factors where the bets placed influence the bookmakers in adjusting the odds. I don't pay much attention to this, because I more often bet before the match and then just leave it be.
I don't pay attention to probability odds... maybe bookmakers have their own algorithms for setting odds before a match or during LIVE betting.
As far as we bet in sportsbooks, we have never looked into this because what bookmakers do with odds means that it is already in line with the match.