Steam Meaning – When a Bookie Changes the Odds to Fit Betting Trends
Last Updated: May 31, 2022
Steaming is when a sportsbook quickly changes the odds in one way or the other because many people have bet on one side of the bet in a short period.
For example, if a large number of punters wagers on a specific horse to win the race, the bookie will perceive this horse as a more serious contender.
n return, they will lower the odds on the horse and proportionally increase the odds on other horses.