New Posts For Thread: How does betfair calculate tennis odds?https://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-oddsAs stated in the title. This has been bothering me for a long time. I'm sure they use a complicated algorithm, but purely for interest purposes, what are the basics?For example, the game between Voracova v Date Krumm at 10:30 is listed as Voracova (BHow on EARTH did this guy get off this lightly for an OP like this?https://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=540142789#540142789How on EARTH did this guy get off this lightly for an OP like this?Tue, 24 Jun 2014 21:39:23 -0500Nadal in first round of GS have all the value of the world in 1,01 because he will get it every time. And that's the fact.Bumping old post here, but last night at Wimbledon he was no 1.01 shot.Got the job done in the end, but he was $1.40 to $1.50 odhttps://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=540142781#540142781Nadal in first round of GS have all the value of the world in 1,01 because he will get it every time. And that's the fact.Bumping old post here, but last night at Wimbledon he was no 1.01 shot.Got the job done in the end, but he was $1.40 to $1.50 odTue, 24 Jun 2014 21:34:23 -0500excellent opening posthttps://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=485171929#485171929excellent opening postTue, 08 Feb 2011 08:23:02 -0600Also, if you are trying to calculate odds and see if there is any value you should put your own expectations based on possibilities you give to every possible outcome to happen but.... Here it comes the big BUT..For any given possibility you will gethttps://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=485170461#485170461Also, if you are trying to calculate odds and see if there is any value you should put your own expectations based on possibilities you give to every possible outcome to happen but.... Here it comes the big BUT..For any given possibility you will getTue, 08 Feb 2011 08:07:58 -0600Betfair's tennis odds are done by a very well-known ex-player. For the big games, he adjusts odds live after each point.For other games, it is a bot working it out based on past matches.https://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=485170065#485170065Betfair's tennis odds are done by a very well-known ex-player. For the big games, he adjusts odds live after each point.For other games, it is a bot working it out based on past matches.Tue, 08 Feb 2011 08:04:19 -060099% of all odds are calculated and "published" by betradar, but you can't see them because you don't have a contract with them. Then bookies do their own math: put odds up and down slightly first for their profit margin, then for some eventual info ihttps://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=485168801#48516880199% of all odds are calculated and "published" by betradar, but you can't see them because you don't have a contract with them. Then bookies do their own math: put odds up and down slightly first for their profit margin, then for some eventual info iTue, 08 Feb 2011 07:50:38 -0600The line about bookies setting prices to balance the action is wide of the mark. It's just a rent-a-quote trotted out largely by Americans.https://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=485162341#485162341The line about bookies setting prices to balance the action is wide of the mark. It's just a rent-a-quote trotted out largely by Americans.Tue, 08 Feb 2011 06:23:07 -0600Pinnacle work differently: they set opening lines with low limits, gradually increase them, and let the money dictate where it ends up. It's essentially an exchange model.If you analyse those opening lines over time, they're pretty solid as a predicthttps://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=485159389#485159389Pinnacle work differently: they set opening lines with low limits, gradually increase them, and let the money dictate where it ends up. It's essentially an exchange model.If you analyse those opening lines over time, they're pretty solid as a predictTue, 08 Feb 2011 05:33:09 -0600i'm fascinated by how compilers create markets for tennis. are they all tennis experts or are they simply being scientific. you talk about a rating system being modified marin. presumably those modifications are key, as a ratings system wouldnt takehttps://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=485155853#485155853i'm fascinated by how compilers create markets for tennis. are they all tennis experts or are they simply being scientific. you talk about a rating system being modified marin. presumably those modifications are key, as a ratings system wouldnt takeTue, 08 Feb 2011 04:18:06 -0600Also, here is some more help: http://lmgtfy.com/?q=how+bookies+calculate+odds Few comments:1. "real" oddsmakers use Elo rating system for basis, modified for injuries and some other factors2. odds are historically accurate so they ARE predictions ofhttps://community.betfair.com/tennis/go/thread/view/94186/26923293/how-does-betfair-calculate-tennis-odds?post_id=485155685#485155685Also, here is some more help: http://lmgtfy.com/?q=how+bookies+calculate+odds Few comments:1. "real" oddsmakers use Elo rating system for basis, modified for injuries and some other factors2. odds are historically accurate so they ARE predictions ofTue, 08 Feb 2011 04:15:00 -0600