Re: How do bookmakers adjust odds during a live sporting event?
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It’s usually a combination of factors rather than just the score. I remember watching a football match where one team scored early, and the odds shifted almost immediately. The score mattered, of course, but the time left in the game also made a difference. Bookmakers may use statistical models that consider team strength, current performance, injuries, red cards, possession, and other match details. They also monitor how the market responds, which can influence the prices they offer. In fast-moving sports, updates may happen very quickly because one important moment can change the likely outcome. Still, odds aren’t a perfect prediction of what will happen; they also include the bookmaker’s margin and can reflect uncertainty.
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