Sports Betting Odds Makers

The second reason why the lines are changed many times is that no sportsbook likes to lose money on any event. Sportsbooks make their money on commissions they charge on the bets being placed, so their ideal situation is to have the same amount of losers and winners, so that the losers pay the winners, and the sportsbook still pays its commission.

In general, it is a matter of conjecture as to when you should place your bet. There is no tried and true method here; you must simply know what you are doing. Generally speaking, your lines are locked as to the time when you placed your bet. Sometimes it may be in your advantage to place your bets as early as possible, while at other times it would be advisable to wait until the last minute. If too many people bet on the winner in any given event, then the odds makes are liable to adjust the betting line so the underdog gets higher odds that it realistically should get. In this case, it might be worth waiting until the last possible minute in order to bet. On the other hand, if you want to bet on the favorite, then you would be better off betting early, so as to get the best odds.