Betting

The overround on the Grand National ante-post market can reach as high as 180 per cent — a level that would be considered predatory in any raceday market. It varies by operator, by race type, and by the time of day. If Bookmaker A is running a 115 per cent book bookmakers on a race and Bookmaker B is running a 125 per cent book, Bookmaker A is systematically offering better value across the entire field. The 120 per cent book means the prices across the entire field are compressed, which means every price is slightly lower than it should be in a fair market.

If the exchange is at 7.0 and the bookmaker is at 6/1, the prices are closer, and after exchange commission the bookmaker might even be marginally better. Oddschecker is the most widely used in the UK and shows prices from all major bookmakers side by side, updated in near-real time. If the exchange offers 7.0 and the bookmaker offers 5/1, the bookmaker is taking a significantly larger margin on that runner, and you should either back on the exchange or find a bookmaker whose price is closer to the exchange level.

In a perfectly fair market with no margin, the implied probabilities of all runners in a race would sum to exactly 100 per cent. Understanding those differences is where value lives. The bookmaker margin is built into every price, but how wide that margin is varies enormously between operators, between race types, and between the fixed-odds market and the betting exchange. Horse Racing Odds Comparison — More on this topic at horse racing bookmakers.

But check the cap on the maximum stake, because enhanced odds are almost always limited to small bets — one or two pounds, occasionally five. Second, the exchange price reflects pure market opinion without any built-in margin, which makes it a more accurate indicator of the horse’s implied probability. First, it gives you a benchmark for whether the bookmaker prices are competitive. For any given horse, you can see the best available price highlighted, and the difference between the best and worst price is often two or three points of odds — the difference between 7/1 and 5/1 on the same horse in the same race. It does not require you to do anything special — just take an early price on a race where BOG is offered. Unlike free bets, which come with qualifying conditions and wagering requirements, BOG applies to every qualifying bet you place.

A few bookmakers restrict BOG to races shown on ITV or feature meetings, excluding the smaller afternoon cards where drifts are more common. That means BOG triggers on a meaningful proportion of bets, and the average uplift when it does trigger is typically between half a point and two full points of odds. Research on UK racing suggests that around 35 to 40 per cent of runners drift to a higher SP than their morning price.

A significant share of that GGY exists because punters accept worse odds than they need to. Horse racing odds comparison is the single most important habit a punter can develop, and it is also the one most punters neglect. With the assistance of Equinedge I hit several races yesterday and netted over $1100 in profit. Although it won’t tell you how much the horse will pay, it does show the amount of profit you will get if you win and the amount you have to bet to get it. The figures indicate how much a punter would win using a stake of a $100.

This includes first time starters. Our top Pace number will be in either the 1st or 2nd position at the first call 72.5% of the time. Our top win percentage horse wins 32.9% of the time. Forget the days of tireless past performance analysis, PDF downloads, and digging for angles or professional picks. This website assumes no responsibility for the actions by and makes no representation or endorsement of any activities offered by any reviewed racebook or ADW. Log into your account and you will find a rebate of up to 10% from the previous days horse wagers.

When bookmakers extend place terms on big handicaps — paying five or six places instead of four — they compensate by widening the margin on the place element of each-way bets. At the lower end, you find small-field Flat races — Group 1 contests with five or six runners where the form is well established and bookmakers compete aggressively on the headline price of the favourite. The difference between 3/1 and 7/2 is not dramatic on a single bet, but across 200 bets over a season it represents dozens of units of profit or loss. Checking the overround before you bet is not something most punters do, but it takes less than a minute with a calculator or an odds comparison site. Small-field races with well-fancied favourites tend to carry lower overrounds (closer to 110 per cent) because the market is more efficient and bookmakers compete harder on the headline price of the favourite. The difference between 5/1 and 6/1 on the same horse in the same race is a 20 per cent increase in profit — free money, essentially, for the 30 seconds it takes to check a second bookmaker.

The money line is mostly used by the American bookies, which clearly displays an underdog, and a favorite. This is much simpler as the decimal figure is simply the payout per unit staked. The sport of Horse racing is found to have been enjoyed even before ancient times, and later it was adopted by the highest echelons in British Society, eventually earning the sport its oft repeated name, the ‘Sport of Kings’. Andy Schooler previews this week’s ‘Super Sunday’ Premier League showdown between Liverpool and Arsenal. Ross Burdon provides his latest stable update, with Gifts Differing set to run at Chelmsford on Thursday, while Dust Cover