imported>Discospinster: Reverted edits by 5.197.243.59 (talk) (HG) (3.4.12)

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Reverted edits by 5.197.243.59 (talk) (HG) (3.4.12)

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{{More citations needed|date=August 2010}}

An '''odds compiler''' (or '''trader''') is a person employed by a [[bookmaker]] or [[betting exchange]] who sets the [[odds]] for events (such as [[sports betting|sporting outcomes]]) for customers to place [[gambling|bets]] on. Apart from pricing markets, they also engage in any activity regarding the trading aspects of gambling, such as monitoring customer accounts and the profitability of their operations.

The odds are derived from a variety of factors through analysis of information. Certain markets are highly [[statistics|statistical]], whereas other markets require more intuition and insight. An odds compiler may be required to monitor the financial position the bookmaker is in and adjust their position (and odds) accordingly. They may also be consulted whether to accept a bet or not, usually in the case where a very large bet is being placed, to not incur dangerously high liabilities. Odds are usually not set completely independent of other bookmakers, but are influenced by what others are quoting. This is particularly important when the overround is below 100% and hence [[arbitrage betting]], where betters can make a profit regardless of the outcome, is possible (see [[mathematics of bookmaking]]). In this case, the bookmaker with the most aberrant odds would usually alter their odds closer to other bookmakers' prices. The odds are influenced by betting volume so that a selection receiving a high volume of liquidity may have the odds for it cut.

In 2006, there were news reports that the only female odds compiler in the United Kingdom was a woman called Helen Jacob of [[Sky Betting and Gaming|Sky Bet]].<ref>McRae, Alex (29 June 2006). [https://www.independent.co.uk/student/career-planning/getting-job/i-want-your-job-odds-compiler-6096782.html "I Want Your Job: Odds Compiler"]. ''[[The Independent]]''. Retrieved 26 August 2010.</ref><ref>[http://www.yorkshireeveningpost.co.uk/jaynedawson/Odds--job-woman.1563621.jp "Odds job woman"]. ''[[Yorkshire Evening Post]]''. 14 June 2006. Retrieved 26 August 2010.</ref>

== References ==
{{Reflist}}

[[Category:Sports occupations and roles]]
[[Category:Business occupations]]
[[Category:Gambling terminology]]
[[Category:Sports betting]]

Odds compiler - Revision history

imported>Discospinster: Reverted edits by 5.197.243.59 (talk) (HG) (3.4.12)