Oddsmaker: meaning, definitions and examples

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oddsmaker

[ˈɒdˌsmeɪkər ]

Definitions

^{Context #1 | Noun}

gambling

A person who sets the betting odds, especially in sports betting.

Synonyms

bettor, bookmaker.

Which Synonym Should You Choose?

Word	Description / Examples
oddsmaker	Use 'oddsmaker' when referring to someone who calculates and sets the betting odds for sports events and other contests. The oddsmaker is predicting a tight game between the two teams. As a seasoned oddsmaker, he rarely makes mistakes.
bookmaker	Use 'bookmaker' when referring to a person or organization that accepts and pays off bets on sporting and other events at agreed-upon odds. The bookmaker took bets from dozens of people during the match. Betting shops are run by bookmakers.
bettor	Use 'bettor' when referring to a person who places bets on sports events, horse races, or other forms of gambling. The bettor was anxious as he watched the final moments of the game. He has been a successful bettor for many years.

Word

Description / Examples

oddsmaker

Use 'oddsmaker' when referring to someone who calculates and sets the betting odds for sports events and other contests.

The oddsmaker is predicting a tight game between the two teams.
As a seasoned oddsmaker, he rarely makes mistakes.

bookmaker

Use 'bookmaker' when referring to a person or organization that accepts and pays off bets on sporting and other events at agreed-upon odds.

The bookmaker took bets from dozens of people during the match.
Betting shops are run by bookmakers.

bettor

Use 'bettor' when referring to a person who places bets on sports events, horse races, or other forms of gambling.

The bettor was anxious as he watched the final moments of the game.
He has been a successful bettor for many years.

Examples of usage

The oddsmaker predicted that the home team would win by 10 points.
The oddsmaker sets the line for the Super Bowl each year.

^{Context #2 | Noun}

gambling

A person who calculates and predicts the outcome of events or competitions for betting purposes.

Synonyms

forecaster, predictor.

Which Synonym Should You Choose?

Word	Description / Examples
oddsmaker	Use in the context of betting, gambling, and sports. An oddsmaker is a person who sets the betting odds, determining how likely different outcomes are. The oddsmaker set the odds for the upcoming boxing match. According to the oddsmaker, the home team is the favorite to win.
predictor	Used in a broad range of contexts to describe something or someone that can anticipate future events. Often used in scientific, academic, or general predictive scenarios. High unemployment rates are a predictor of economic instability. He is known as a reliable predictor of market trends.
forecaster	Commonly used in settings where predictions about the weather, economy, or future trends are made. A forecaster analyzes data to make informed guesses about what will happen. The weather forecaster predicted rain for the weekend. Economic forecasters are suggesting a mild recession next year.

Word

Description / Examples

oddsmaker

Use in the context of betting, gambling, and sports. An oddsmaker is a person who sets the betting odds, determining how likely different outcomes are.

The oddsmaker set the odds for the upcoming boxing match.
According to the oddsmaker, the home team is the favorite to win.

predictor

Used in a broad range of contexts to describe something or someone that can anticipate future events. Often used in scientific, academic, or general predictive scenarios.

High unemployment rates are a predictor of economic instability.
He is known as a reliable predictor of market trends.

forecaster

Commonly used in settings where predictions about the weather, economy, or future trends are made. A forecaster analyzes data to make informed guesses about what will happen.

The weather forecaster predicted rain for the weekend.
Economic forecasters are suggesting a mild recession next year.

Examples of usage

The oddsmaker uses statistical analysis to determine the likelihood of an outcome.
The oddsmaker is known for accurate predictions in horse racing.

Interesting Facts

Etymology

The term 'oddsmaker' originates from the word 'odds,' which represents the probability of an event happening.
In the 19th century, bookmakers began using odds to summarize their predictions for gambling purposes.

History

Oddsmaking has roots in ancient Greece and Rome, where wagers were placed on athletic competitions.
In the early 1900s, oddsmakers played a vital role in legalizing betting on horse racing in the United States.

Sports

Professional sports leagues often have official oddsmakers who set odds based on team performance and player statistics.
The popularity of fantasy sports has changed how oddsmakers assess players and games, creating new betting strategies.

Psychology

Oddsmakers must understand human behavior and public perception, as these can greatly influence betting patterns.
Cognitive biases, like overconfidence in a favorite team, can affect how odds are adjusted.

Pop Culture

Movies and TV shows often depict oddsmakers as key figures behind the scenes in high-stakes gambling.
The rise of online betting platforms has transformed how oddsmakers operate, reaching a global audience.

Translations

Translations of the word "oddsmaker" in other languages:

🇵🇹 criador de probabilidades

🇮🇳 संभाव्यता निर्माता

🇩🇪 Quotenmacher

🇮🇩 pembuat peluang

🇺🇦 букмекер

🇵🇱 bukmacher

🇯🇵 オッズメーカー

🇫🇷 créateur de cotes

🇪🇸 creador de probabilidades

🇹🇷 oran belirleyici

🇰🇷 확률 설정자

🇸🇦 محدد الاحتمالات

🇨🇿 tvůrce kurzů

🇸🇰 tvorca kurzov

🇨🇳 赔率制定者

🇸🇮 ustvarjalec kvot

🇮🇸 líkindaskipari

🇰🇿 мүмкіндік жасаушы

🇬🇪 შანსების შემქმნელი

🇦🇿 ehtimal yaradan

🇲🇽 creador de probabilidades