Sports betting has long since evolved from a casual pastime into a well-structured economic system with a huge turnover. The essence of sports betting is analysis, probability assessment and risk management, not blindly picking the favourite. A bookmaker does not sell the chance of winning – he trades an assessment of possible scenarios, putting a …
Highly precise risk assessment and instant decision-making are the essence of the profession. Who is a bookmaker? This is a specialist and, at the same time, a company that accepts bets on sporting events and makes money from probabilistic variances. They create the line, set the odds, manage the margin, and ensure profit, regardless of …
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