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Betting research, measured

Data window: 29 Jun – 2 Aug 2026 (4.27M odds observations) · Papers published Aug 2026 · Page reviewed Aug 2026

Original studies and open data on the price and behaviour of betting markets. Everything here is free to quote, chart and build on under CC BY 4.0 with attribution.

Most of what circulates about sports betting is opinion. These pages are measurements: millions of recorded odds turned into open, verifiable numbers — how much the bookmaker charges, how honest the odds are, and how prices move. Journalists and researchers use them; you're welcome to as well.

The studies

4.78%

The Bookmaker Margin Study

The price of a bet, measured across 205,491 markets and 52 bookmakers — including the first public measurement of player-prop margins (7.93%).

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20.8%

The 5% price and the 10% hold

Why sportsbooks keep twice the quoted margin: parlays compound leg margins — a 5-leg multi of ordinary legs has a built-in 20.8% hold. Home of the quarterly Bet Better Margin Index.

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±2 pts

Do betting odds tell the truth?

18,238 settled markets: vig-free odds are calibrated within ~2 points everywhere — but the margin is loaded onto the longshots.

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Daily

The Bet Better Margin Index

What a bet actually costs, measured every day across head-to-head, handicap, totals and player-prop markets. Open CSV, CC BY 4.0.

See today’s index →
2.76 pts

How much do betting lines actually move?

11.7 million snapshots: UFC lines move 2.76 points, MLB 0.60 — and price discovery happens 1–7 days out, not in the final hours.

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$31.5B

Australian gambling statistics

What Australians actually lose, per adult and per state — the official QGSO numbers, explained plainly.

See the statistics →
2.1%

The Line Shopping Report

How much taking the best available price is worth — measured across books, the one improvement every bettor controls.

Read the report →

Open datasets

The data behind the studies, published as citable, DOI-registered datasets. No odds, prices or bookmaker identities are redistributed — aggregates only.

DatasetWhat's in itDOI
Bookmaker Margin PanelDaily measured margins: day × league × region × market type, plus player props 10.5281/zenodo.21755380
Market Calibration Dataset36,476 de-vigged probabilities vs real outcomes, five sports 10.5281/zenodo.21764674
Line Movement DatasetOpen-to-close movement and distance-to-close by sport, market and time bucket 10.5281/zenodo.21765675
AFL Player Match Statistics 2000–2023206,722 player-games × 81 columns 10.5281/zenodo.21612783

Working papers

Journal-format versions of the research, each with a citable DOI on Zenodo:

Working paperWhat it measuresDOI
The Price of a Bet (PDF) Measured margins across 52 bookmakers, 22 leagues and player props 10.5281/zenodo.21818712
Well Calibrated, Unevenly Priced (PDF) Market calibration and where the margin actually sits 10.5281/zenodo.21818845
The Price of Complexity (PDF) Parlay compounding and the quoted-margin/realized-hold gap 10.5281/zenodo.21818892

Also from the same programme: the free model API · our methodology.

Using this research

Cite any page or dataset with attribution to Bet Better and a link. If you're a journalist or researcher and need a custom cut of the data, email edward@betbetter.world — turnaround is usually same-day.

18+. This research explains why the average bet loses money — none of it is betting advice. If gambling is causing you harm: Gambling Help Online or 1800 858 858.

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