A complete and utter understatement.
Its amazing that fans dont realize that it is in the bookmakers best interest to be as close to correct as possible. Way more often than not the bookmakers are correct. Are they wrong? sure, but not very many times.
not really.
the goal of the bookmaker is to get equal action on each side. it has as much to do with public perception as expected outcome.
a bookmaker is neither right or wrong,the player is the one who chooses a side
the list with teams odds is not a ranking system its the odds of these teams running the table. apples and oranges.