How does public opinion affect the sports betting odds?
Public opinion is very much affects on the sports betting. To raise the bar of the betting line, public opinion is taken into consideration. Many online sports betting adviser, during analysis of performance of the sports they are concerned about the public opinion and find the variation about it’s effect with predictive analytics
When the lines maker establishes the sports betting odds, public opinion is more of a factor than the statistics. A very good example of public opinion, again related to baseball betting, is that the general public likes to wager on the team that is favored in the game or the better team with the higher sports betting odds. So, if the New York Yankees are playing Detroit in New York, the betting public is going to favor the New York Yankees. Even if the computer program tells the lines maker that the correct sports betting odds for that game would be NY Yankees 150/100, he may raise the sports betting odds to 160/100. Find a complete guide on ” understanding sports betting odds”. Sports betting odds change as money is wagered. When a significant amount of money is wagered on a team, the lines makers will adjust the sports betting odds. In the above mentioned example, if a large amount of money is wagered on the NY Yankees, the lines maker will move the sports betting line up from 160/1
