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Guide to becoming your own betting bookmaker

Is it worth trying to compile your own odds?

Find the best way to back your odds.

Compiling your own odds
Well this is what sports betting / investing professionals do. If you like sport we’d wager you’ve watched a sporting event and thought to you self a player or team had a good chance of winning. In a simple way this is compiling odds.. and not miles apart from the real thing. The difference is that you need to have a methodical approach to compiling odds, which you can repeat in order to come to an opinion about he event.
Think about it, are there enough good odds compilers to go round all the many bookmakers? The good odds compilers are stretched. If your professional in your approach you can spot mistakes and reap rewards.
In a nut shell, be methodical.
Prepare thoroughly to help side step the bookmaker at your chosen sport. Use specialised knowledge if you have it and research you chosen sport. Lets take tennis as an example. For a long time bookmakers odds did not reflect that Roger Federrer, all though impossible to beat on grass courts, is not top of his game on clay courts. This produced a gap between the bookies odds and the true odds. This gap is what you must find and ruthlessly exploit and is known as a value opportunity.

Tips for making your own betting book, compiling odds...

Guide to becoming your own betting bookmakerunratedEditor2011-01-09 07:37:42How do bookmakers dream up fixed odds for sports events. This guide helps gain insight into how bookmakers work and how you can use this to find value in fixed odds offered by bookmakers. Not to mention becoming your own bookmaker. This is now possible using a betting exchange like Betfair.
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