What are opening odds vs closing odds?

Opening odds and closing odds are terms commonly used in sports betting and gambling to describe the initial and final odds set by bookmakers for a particular event or outcome. These odds represent the bookmakers’ estimation of the likelihood of a specific outcome occurring and determine the potential payouts to bettors. Here’s a brief explanation

The Significance of Beating the Closing Odds in Betting

In the realm of sports betting, one of the key metrics that bettors and analysts often emphasize is beating the closing odds. The closing odds refer to the final odds set by bookmakers just before an event commences. While some may view it as a mere statistic, beating the closing odds holds substantial significance for