Originally posted by redwhiteblue
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Seriously though it’s the amount of money wagered that dictates the odds. Bookies generally set their books to a percentage that limits their liability if a certain team/ horse wins. If there’s a lot of. money wagered on one selection, the bookie lays off with other bookies and shortens his price, which makes other bookies follow same. I hope this makes it as clear as mud.
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