I have often wondered if anyone consistently makes money betting in standard markets in the 'big leagues'. By this I don't mean betting huge amounts of money but rather betting on very popular markets like the NFL and Premiership soccer.
These markets attract hundreds of millions of dollars in betting action every season but because they are so popular there is very little 'edge' to be had by bettors. A mistake could cost a bookmaker a lot of money and that is bad for business, so a good chunk of money made from these markets is reinvested in expert market analysis. Top lines-makers and odds compilers ensure that prices are accurate and balanced to attract good betting action on both sides of a game. Prices also need to be shortened or lengthened in line with demand.
These markets attract hundreds of millions of dollars in betting action every season but because they are so popular there is very little 'edge' to be had by bettors. A mistake could cost a bookmaker a lot of money and that is bad for business, so a good chunk of money made from these markets is reinvested in expert market analysis. Top lines-makers and odds compilers ensure that prices are accurate and balanced to attract good betting action on both sides of a game. Prices also need to be shortened or lengthened in line with demand.
