Sportsbook odds are not predictions of what will happen. They are prices designed to manage risk and ensure a margin over time. This article explains how odds are set, why lines move, and why interpreting odds as forecasts leads to common and costly misunderstandings.
A sports bet is not a prediction. It is a priced probability. This article explains why being right about a game does not guarantee a good bet, how odds function as prices rather than opinions, and why understanding this distinction is essential for making sense of sports betting outcomes over time.
A probability-first explanation of how sports betting actually works, including odds pricing, vig, implied probability, expected value, variance, and why parlays and betting systems fail over time.
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