0 votes
How do bookies calculate odds?

1 Answer

0 votes
The betting company calculate the probability of each outcome occurring and then subtract the margin. If the real probability is 2/1 (3.0 in decimal, 200 in American) then the bookie will subtract their 5% margin and the real odds given will be 19/10 (2.90, 190).
Welcome to All about Slots&Casino site, where you can find questions and answers on everything about online gambling.
...