Goal3 odds are made up from a combination of sports API, decentralized oracle verification, and AMM repricing.
Goal3 markets are priced at a fixed-odds model. This means when users placed a bet, they are guaranteed a fixed payout (as displayed), and minor slippages/odds movement.
Fixed-odds betting is the most popular method and a good entry point for people who are new to prediction-based finance, as it allows them to make predictions without the need to understand complex algorithms or pricing models.
In traditional fixed-odds betting, the bookmaker sets the odds for each bet and is responsible for paying out the winning bets. In decentralized fixed-odds betting (Goal3), the role of the bookmaker is replaced by a smart contract, which uses an AMM algorithm to manage a pool of funds or assets that are used to pay out the winning bets.
*Read more about Goal3 AMM Odds in the page below: