Closing Odds – Guide to Beating the Closing Odds [2024]

We strongly believe that making a list of betting terms will not be helpful, and an example will help you better understand the system than simply explaining the closing odds meaning. Just like the closing odds definition states, these are the final odds that you get just before the game begins. We will use football as an example because this is the easiest sport to bet on, but this is a universal example that also works with NBA, NFL and MLB closing odds, so you can apply it to any sport to increase potential winnings.

Assume PSG plays against Marseille in the French first division, and a betting exchange such as Betfair publishes the early odds. PSG would get 1.50, a draw would be priced at 4.50 and an away victory will probably get something around 5.50. What usually happens is that casual punters bet on the favorites, so bookmakers will adjust the odds accordingly. The odds on PSG will drop maybe as low as 1.40, the draw would remain more or less the same, but the Betfair closing odds on Marseille to win would rise to 6.00.

Once you understand how closing soccer odds work, you can use this information in your advantage and make profits from EVS betting. Since you can anticipate and accept all odds movement you can use these variations in your advantage to maximize profits. If you want to bet on the favorite, you should place your bets early, but if you prefer underdog betting, you should wait until the game starts. You are basically playing with the low odds vs high odds and through analysis, determine their movements to win more.

Bookmakers will always give themselves an advantage by working with the odds and there’s nothing you can do about the basic house edge. In order to come up with a profitable football betting system, you need to learn how to take advantage of the things that bookies can’t control.

Odds movements are the result of players betting on one team or the other and if you are patient enough, you will learn how the system works. The beauty of closing odds is that they give you the chance to maximize potential profits for mainstream point spread betting and money line betting as well as special markets.

Sports betting isn’t an exact science, especially if crypto betting sites are getting involved, but there is an economical theory and also tends to apply to online sports betting. The efficient market theory states that in the long run, the actual prices will reflect the real worth of an underlying asset. When it comes to sports, the theory claims that the closing odds are the ones that better reflect the difference between the teams involved.

This theory is only partially true because what actually happens is that the closing odds reflect the market sentiment. Basically, they are the reflection of how people feel about a certain team or athlete and how much they chose them to prevail. While you can’t affect the odds movements, you can take advantage of these changes to bet on the highest odds available.

Closing odds are not a silver against the house edge, but they can give you an advantage by maximizing your profits. The rule of thumb states that the closing odds on favorites will be lower than the opening odds (which already were low odds) since players bet heavily on them.

There are, of course, exceptions to the rule, so research the market and track the odds every step of the way to make an educated decision and win as much as possible.

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