Bets

What does an odds maker do? – Tasks and work environment

An odds maker works with analyzing, calculating, and setting odds for various types of betting, such as sports, horse racing, or casino games. The profession involves a great responsibility to ensure that the company's betting odds are attractive to customers while also being profitable and minimizing risks. Tasks include collecting and interpreting statistics, following current events, assessing probabilities, and quickly adjusting odds based on new information or market changes. The work is often fast-paced and involves close collaboration with other specialists within betting companies, both nationally and internationally. The work environment is generally office-based, characterized by rapid decision-making, digital tools, and a strong focus on accuracy.

Salary development over time

Over the past three years, salary development for odds makers has shown a steady increase. In 2022, the average monthly salary was 30,000 SEK, rising to 31,700 SEK in 2023. In 2024, the average salary is estimated at 32 700 SEK, representing a total increase of approximately 9% over the period. This positive trend can be explained by increased demand for qualified odds makers as the betting market digitalizes and competition among betting companies intensifies. Additionally, the role has become more specialized, which has driven salary growth. However, salary differences between genders remain prominent, with men generally earning higher average salaries than women in the profession.

Odds maker salary – complete overview

• Average salary: 32 700 SEK/month
• Lowest salary: 31,700 SEK/month (female, high school education)
• Highest salary: 34,300 SEK/month (male, private sector employee)
• Hourly wage: 196 SEK (based on 166 working hours/month)
• Gender differences: Women earn 93% of what men do
• Regional differences: No specific data available

Education and qualifications

The path to becoming an odds maker often involves a combination of mathematical studies, analytical training, and experience in the gaming industry. Formal educational requirements vary, but employers typically seek a high school diploma with a focus on mathematics, statistics, or economics, along with some experience working with probability calculations and digital tools. Further education or courses in programming and data analysis can be advantageous.

• Formal education: High school diploma, preferably with mathematics or economics specialization (3 years)
• Certifications/courses: Statistics, data analysis, programming
• Internship/trainee: Internships or training programs are often offered at betting companies
• Prerequisites: Good knowledge of mathematics and probability theory
• Self-study/online: Opportunities to supplement with online courses in statistics and sports analysis

Common benefits and compensations

Odds makers are often offered benefits such as wellness allowances, flexible working hours, and opportunities to work remotely. Additional advantages can include bonuses linked to company profitability, access to training, and sometimes discounts on the company's own betting products. Pension schemes and insurance solutions are also common in the industry.

Competition and challenges

The market for odds makers is competitive and changing rapidly with the digitalization of the gaming industry. One of the biggest challenges is staying updated on sports events, statistics, and new technical tools. High stress tolerance is required, as odds often need to be adjusted at short notice due to unexpected events. Competition for the most attractive positions is fierce, especially in larger companies or on international markets. Furthermore, high demands are placed on integrity and accuracy, as small mistakes can have significant financial consequences. For those who want to succeed in the profession, continuous skill development and following industry trends are crucial.

Tips for aspiring odds makers

To succeed as an odds maker, it is good to combine analytical skills with a strong interest in statistics and sports. Developing good stress resilience helps when quick decisions must be made, while accuracy is essential to minimize risks. Digital competence and staying updated on new tools and methods in the gaming industry are valuable. Social skills and teamwork are important qualities, as much of the work is team-based. A curious and flexible mindset helps adapt quickly to changes in the industry. Actively seeking internships or trainee positions provides a good start and increases chances of entering the profession. Lastly, investing time in self-study and networking is wise to build relevant contacts.

Key facts about odds makers

• Educational level: High school diploma with mathematics or economics focus
• Work environment: Office-based, often digital and international
• Demand: 123 job openings in Sweden according to the latest data
• Gender distribution: Men have higher average salaries than women
• Work form: Full-time, sometimes shift work and evening shifts

Career paths and future prospects

After three to five years in the profession, opportunities open to advance to roles such as senior odds maker, team leader, or analyst within betting companies. Some choose to specialize in specific sports or product areas, while others move into roles within risk management or business development. According to the Swedish Public Employment Service, the future outlook is stable, with continued demand for skilled odds makers as the betting market digitalizes and grows. Opportunities to work abroad or for international betting companies are good for those with the right skills and language abilities.

Frequently asked questions about odds makers

• What does an odds maker earn?
  - An odds maker has an average salary of 32 700 SEK per month, with men earning up to 34,300 SEK and women 31,900 SEK.
• What education is required to become an odds maker?
  - A high school diploma with a focus on mathematics or economics is common, often supplemented with courses in statistics and data analysis.
• What is the work environment like for an odds maker?
  - The work environment is office-based, digital, and often international, with demands for quick decisions and high analytical skills.
• Are there salary differences between men and women?
  - Yes, women earn approximately 93% of what men do within the profession of odds maker.
• What are the career opportunities?
  - After some experience, one can advance to senior roles such as team leader, analyst, or work in risk management.
• What are the future prospects?
  - The outlook is stable with many job openings and continued demand for the skill set.