Horse Racing Betting Odds – Is It Worth The Threat?

May 27, 2013 robot Uncategorized

This is a single of the very first inquiries you should ask oneself prior to taking into consideration putting down your stake cash. Does the horse racing choose provide VALUE?

What we mean by this is – the odds provided by a bookmaker are by no means the “correct” odds or probabilities of a horse winning. Who knows precisely what these figures really should be? The figures in the odds are much more indicative of what the market place as a entire (all the punters…

Do the maths make sense prior to you location your horse racing bet?

This is one of the initial inquiries you ought to ask your self just before thinking about putting down your stake income. Does the horse racing choose supply VALUE?

What we imply by this is – the odds presented by a bookmaker are never the “true” odds or probabilities of a horse winning. Who knows specifically what these figures really should be? The figures in the odds are a lot more indicative of what the marketplace as a complete (all the punters in the nation and beyond) think is a horse’s chance of winning.

The figures are driven by marketplace forces. If much more people want to back a horse simply because they assume it will win then the bookmakers odds will shorten (minimize). This is as correct in the bookmakers’ shop as it is on the betting exchanges.

Nevertheless, 1 aspect you can be positive of is that whatever the odds offered about a distinct horse, the bookmaker will “balance” his total book so that, over all, he is assured a little profit from the race – or at least from the many races he requires bets on that day.

All qualified gambling bodies do this. Bookmakers, casinos, bingo halls, the National Lottery, and so on. will all stack the odds AGAINST the punter so that even if individuals win person bets – the “house” wins over all.

Bookmakers get in touch with this inbuilt benefit their “over round”. It indicates instead of all the odds in a race adding up to 100% they will usually add up to anything like 117% – and that added 17% is in the bookmaker’s favour. This is his expected profit margin.

So, as your objective should be to attempt to regularly tip the horse racing odds further in your favour, you should be looking out for bets exactly where in the race as a entire the over round is on the low side, i.e. below that standard 17%.

Here’s how you do it:

Firstly, express all the odds of the race in European ‘digital’ format. So for example “evens” is 2., “Two to 1” is three., etc. (To transform fractional odds to digital, divide the initial figure by the second and add one – so 6 – four becomes 1.5+1 = 2.5).

Then divide each and every digital odds price tag into one hundred to give you the percentage figure for every single horse.

So, for instance, with a 3 horse race with odds:

Horse 1 1.eight = 55.55 %

Horse two 3.3 = 30.30 %

Horse 3 four. = 25.00 %

——-

110.85 %

Here, with the total book adding up to about 111 % this shows a reduce than common over round. If you uncover, by using a very good selection approach, a horse in this race with a very good chance of winning then you are a lot more most likely to get very good value from this bet than in the standard bookmaker race.

The reduce the total percentage odds of the horse race the far more the book is in your favour.

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