I see ads on TV for Bet365, a local sports betting app, and every time it shows the live odds for whatever sports game is currently happening. The fine print says ‘accurate as of 30 seconds ago’. I know nothing about broadcasting, how do they manage this?
In: 6
keep in mind that the odds are not who the person holding the bets thinks will win. It’s how people are betting on the game or event. If everyone is betting that team A is going to win, then the odds need to push people toward betting on team b by giving a bigger payout it team b wins. That way the bet holder doesn’t lose his shirt.
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