ISCO Occupation Group 4212.7 Odds Compiler
From Open Risk Manual
Definition
Odds Compiler: Odds compilers compile the odds in gambling. They are employed by a bookmaker, betting exchange, lotteries and digital/on-line as well as casinos who sets the odds for events (such as sporting outcomes) for customers to place bets on. Apart from pricing markets, they also engage in any activity regarding the trading aspects of gambling, such as monitoring customer accounts and the profitability of their operations. An odds compiler may be required to monitor the financial position the bookmaker is in and adjust their position (and odds) accordingly. They may also be consulted as to whether to accept a bet or not.
Essential Skills
- Calculate Betting Target Odds
- Follow Ethical Code Of Conduct Of Gambling
- Solve Problems In Gambling Through Digital Means
- Mathematics
- Games Rules
- Persuade Clients With Alternatives
- Assertiveness
- Legal Standards In Gambling
Optional Skills
- Sporting Events
- Speak Different Languages
- Tolerate Stress
- Apply Gaming Psychology
- Apply Knowledge Of Human Behaviour
Alternative Names
- Betting Expert
- Odds Trader
- Football Odds Compiler
- Sports Trader
- Odds Manager
- Horse Racing Odds Compiler
- Sports Odds Compiler
- Odds Expert
- Risk Trader
