If the player has already accepted the challenge, then the bookmaker has no right to mark the bet. At least this is inherent in tried and trusted gambling platforms that can be trusted. Fraudulent BKs do what they want, so it is not worth even discussing their approach to activity.
No one except some betting company employees know about the true odds. They may be understated and it is an understandable and also a common practice. For example, in a match between a favourite and an underdog the odds are 1.5-3.1. However, the bookmaker knows from insider information that the stronger team does not need the victory in this game at all and the true odds look like this: 1.9-2.2. Some betting shops put it like this, but many bet still 1.5-3.1. In this case it is quite risky step if the company has many registered pros. But then again, there are still enough of those who bet only on the leaders, analyzing only some of their matches or personal meetings with their opponent.
In order not to “trigger” the world of betting in favour of bookmakers, their approach to providing odds should be independent. All the more reason not to take into account players’ strategies and patterns. Ideally there should be symmetry, but asymmetry with a slight advantage on the side of the BC is not such a bad thing either. If the bookmaker goes too far and manipulates the odds, then at some point there will be many who will beat him. Whether or not those bettors will be paid out huge sums of money is another question. However, the point is that asymmetry is not considered bad or good, especially with careful analysis and a proven strategy. If the bookmaker is wrong, you can get a good rise. It happens quite often, but mostly companies make refunds when bettors have won a lot of money as a result of a mistake. In this case it can’t be called cheating either, but in another case – wrongly placed odds can be offered on purpose. And the player will not find out about it, and the asymmetry in such a case is negative.
Bettors cannot see the true odds, but with careful analysis and strict adherence to the established strategy, one can constantly look for good options to make money, disregarding the established opinion that beating the bookie because of asymmetry is completely unrealistic. Anything is possible and it’s only important to choose a great office that won’t be “offended” by players taking advantage of its mistakes and won’t block accounts or cut your limits.
The most common bookmakers’ mistakes
Given the existence of asymmetry, it is worth noting the fact that bookmakers do have an impact on bettors’ opportunities. In simple terms, even a ratio of 1.6 instead of 1.9 is considered a significant difference, especially if the player operates with large amounts to bet. Just a few such changes and already the risks of the company are reduced. The player also does not risk any money but he also misses a part of money which is worth to be attributed to asymmetry, but on the other hand it will not be so. Why? Because both parties, bookmaker and player, are initially at risk. In the first case, the company can “go bust” if the bettor bets a tidy sum on high odds and wins. When a player bets on an impressive amount of odds, he also has the risk that his prediction will not go down. Let’s put it this way – few people bet on high odds at all. However, it is not uncommon for bookmakers themselves to make mistakes, even without manipulating the odds.
Errors in the pre-match line
If the betting company is big, then errors like that are very rare and belong to the “impossible” category. But be that as it may, people can make mistakes, just as the software cannot realise that the absence of a leader in one team’s line-up may or may not make the club uncomfortable, because there is someone to replace him. This includes low quotations for favourites who may “leak” a game because they simply don’t need it. This happens in the final stages of tournaments. For instance, a football team is already champion with 6 games left in the championship. In the remaining matches it will field the reserves and the reserves will be rested, although the bookmaker might not pay attention to it, offering draw odds. The line on little-known sports or tournaments may also be wrong. Few people follow such sports disciplines, so you may see mostly average market quotes rather than odds like the best leagues.
In live betting, bookmakers can make mistakes through late reactions to all the changes in the course of the match. This is a great opportunity to bet on an arbitrage situation that the betting company may overlook, especially if the event is unpopular. These can include: penalties, dangerous moments, substitutions of leaders, weather changes. All of these factors should influence the odds one way or another, and also the bet as a whole. For example, in a football match a player is sent off, and the company does not react for 2-5 minutes, offering to bet on the event with a betting odds of 2.5. Of course, bettors can make a fortune on such a mistake, but if the betting company is popular, it will roll back the data. In simple words, all such bets on the error will be returned, no one can win and even the opposite – the office often sets limits and restrictions on the account.
Errors in spelling athletes’ names
These are quite rare situations where the line does not represent the player who should actually be there. For example, Nick Morris and Neil Morris may appear as N. Morris and try to guess who the bookmaker means. Of course it’s also possible for the office itself to miscalculate here, when the odds are mixed up “the wrong way round”.
On a separate note, if there is a match left in the line, which has already finished, it is better not to bet on it and to ignore it. It is good when the betting company is not touchy and will simply refund the bet amount. However, many will block the account, cut the limits and restrict the bettor in every way for such cheating. Each company’s policy has a special clause about errors, system failures and other situations that involve wrong betting odds. It is usually mentioned with this sentence: “The betting company is not responsible for any errors, nor for the actions of the players in connection with such circumstances.”
However, on the other hand, betting shops also take a risk, because incorrectly placed quotes, without the influence of human error or malfunctions in the company’s system, cannot be undone. Consequently, they can lose a lot of money if a lot of players carefully analyze all the events and find a good way to make money. There is nothing difficult about it and contrary to the opinion that it is impossible to beat a bookmaker, we say the opposite – anything is possible, but you have to be very careful, follow a strategy and not be subject to excessive gambling or emotion.