Profit Margin
What is the Profit margin in a betting shop?
What is the size of Profit margin for bookmakers?
Profit margin is the percentage of odds that the bookmaker receives as a profit (margin).
Each bookmaker when calculating the odds for sports events lays in them Profit margin (bookmaker margin). This means that the odds are understated in such a way that the bookmaker as a result received a certain percentage of the profit from the players’ bets. For example, in a match between two tennis players, their chances of winning are the same. Accordingly, the real odds should be 2.0 to win each of them. In reality, bookmakers reduce the odds to 1.85-1.95, so that after calculating all bets stay in profit.