Question by John M: How do bookies/bookmakers change odds?
When bookies make their book for example college basketball, and the bookie has all the bets on one team and none on the other and he changes his odds to +4,-4, from +2, -2, wouldn’t he lose all the money in the book if the score was 80-83?

Best answer:

Answer by michaelstjohn2001
Usually, you wouldn’t see a line move that many points-it is very unusual to see it move more than a point or so. Bookies don’t always get the same amount on each side-what they try to do is to get the public to bet at a bad number. They often do this by overpricing popular teams. A sharp better will beat these numbers, but the money lost by the bookies there is more than made up by most of the bettors losing.

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