Overround is one of the fundamentals of bookmaking, and is applied to every event by all UK betting sites. It is how bookies factor in a profit to every market they run and is a vitally important concept to help understand how bookies work.
In this guide, The Standard have looked at how the overround works and how bettors can work out what the overround is on a particular market.
What is overround in betting?
Overround is the sports betting term for the built-in margin a bookmaker adds to a betting market. It is the amount by which the implied probabilities of all…
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