oddsmakers
/ˈɑdzˌmeɪkərz/
NOUN
1. People who set odds for gambling
People or organizations that calculate and establish betting odds for sporting events and other gambling activities, estimating the likelihood of outcomes and determining wagering lines.
1.1. Professionals who establish betting odds
Individuals or organizations that analyze events, statistics, and probabilities to set betting odds and wagering lines.
Synonyms
- bookmakers
- handicappers
Examples
- The oddsmakers were quick to adjust the betting lines after the star player was injured.
- Fans often rely on the predictions of oddsmakers to inform their betting strategies.
- The oddsmakers faced criticism after their initial odds seemed to favor one team disproportionately.
- As the playoffs approached, the oddsmakers analyzed past performances to set accurate betting odds.
Related Words
- betting operators
- bookies
- gambling operators
- sportsbook operators
- wagering specialists