Oddsmakers

[HawkPL]

How does an oddsmaker get his job?

The guys working MGM Mirage, or Caesars, or the Palms.... or even guys that work for offshore sites.

What is their average salary?


I'm not asking for any specific reason, just always wondered... a lot of guys on this site know everything... LOL.... so its your chance to speak your wisdom.

[HOMEDAWG]

The only way to get an actual job as an oddsmaker is to have lots of experience. All oddsmakers used to be gamblers and/or bookies. Some of them learned the business from relatives, while others just hung out at old sawdust rooms and pool houses, learning everything they could about the game. They watch sports constantly, read dozens of newspapers, and have friends and contacts around the country to provide detailed information on every team and every game.

Oddsmakers don't try to predict the outcome of the game when setting point spreads. If a team is favored by seven points, that doesn't mean that the oddsmaker necessarily thinks it will win by seven points. The oddsmaker's goal when setting the line is to keep an equal number of bets on both sides of the game. The betting public's perception of the game can be as important as the actual comparison of the two teams.


:gulp:

[HawkPL]

Oddsmakers don't try to predict the outcome of the game when setting point spreads. If a team is favored by seven points, that doesn't mean that the oddsmaker necessarily thinks it will win by seven points. The oddsmaker's goal when setting the line is to keep an equal number of bets on both sides of the game. The betting public's perception of the game can be as important as the actual comparison of the two teams.


Yea, I know what they do.

How much do they get paid for it? lol

[Snakeyes_Jake]

yes i have always wondered the same thing. how do they get that title "job".

i would think that you have to have the right connections and networks to get a jump start in being an oddsmaker.

wonder what type of education/degree the people have????

their job is very interesting to say the least