Before opening the market for a particular game, bookmakers calculate the opening odds based on the analysis of statistics from the team’s previous performances, factoring key information like injuries and suspension of key players.

As soon as the odds become available, bettors place bets on the markets they believe offers them the best value. This causes the bookmakers to continually adjust their odds so they can balance their own books.

Odds that are offered just before a match begins are called the closing line because they reflect all statistics, news, sentiments among others. The closing line is usually the most underlying probability.

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