A good punter must have adequate knowledge of odds when betting on football, the more comprehension the better and the more elaborate you are with your accumulator of any bet. Think about how would it be when you have a full grasp of odds when placing football, the advantages are overwhelming. Bookmakers are in the business to make a profit. Bookmakers calculate odds with true probabilities to stay in the business, for instance, if team A has a 25% chance of winning and team B has a 55% it means there is a 20% probability of a draw from the game. From the analysis bookmakers will neither make a profit nor loss. In order for him to make a profit, for instance, bookmakers will have to adjust the probabilities to Team A; 34.4% chance to win after alteration, Team B; 52% chance to win after alteration, and a 21.6% chance of a draw. Adding up make it 108%, meaning the bookmaker has 8% profit margin. To know the true probability to use will be based on balancing it with public opinion. Bookmakers have a bunch of compilers who are paid to compile odds, they use the best tools and formulas to evaluate the games. The probability of the outcome will determine the cash projections, by ensuring a proper cash flow management. As seen from the above analysis, the process behind odds can be complex and complicated, that it requires a lot of effort and experience to finding a good bet, but the effort is worth it based on returns you can make if done right.
