Texas Holdem Tips Video Source & Information:
Jonas and Marius discuss the difference between the opening and closing odds and why the latter is so important in sports betting. A note with regards to the video is that in-house odds compiling is more common in the European bookmakers, which can be viewed as position takes, than for the Asian bookies, which act more as book balancers. Jonas Gjelstad aka Liqqa on Pokerstars is one of the founders of http://tradematesports.com/, a professional sports bettor and the 2016 Norwegian Champion in Heads-Up No Limit Texas Holdem.
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Marius even in Pinnacle nowadays bettors are the ones that are making the odds.They put all resources in trading and profiling sharp plays not in the opening lines,in fact they basically pay the early shar bettors that don t have a shark bankroll to make their lines sharp so they can raise their limits
The way in which betting markets work is very similar to this puzzle. A market starts with the assessments of a few participants, first and foremost bookmakers themselves. This is often called a tissue price, corresponding to the early assessment in our experiment. At this stage the value can be greatest because the market is immature.
As more participants enter the market, the collective assessment tends to become more accurate, but then the potential value is also squeezed out. As with our example, however, accuracy doesn’t always improve in direct correlation to participants. The crowd can get things wrong, such as favorites often receiving a lot of action from casual bettors close to kick off
How many percentages of taxes do you have to pay on the profit you make?