Horse racing odds
Oddschecker is the most widely used in the UK and shows prices from all major bookmakers side by side, updated in near-real time. And some operators apply BOG only to bets placed after a certain time in the morning, which means very early ante-post-style wagers do not qualify. Using the exchange as a benchmark — even if you ultimately bet with a bookmaker — is one of the most effective habits a punter can develop. 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. The commission you pay on an exchange winning bet reduces your effective odds. Where a bookmaker might offer 5/1 on a horse with a 120 per cent book, the exchange might show 5.5 (or 9/2 in fractional terms) on the same runner with a total market overround of 103 per cent.
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The exchange takes a commission on the net winnings of the winning side, typically between 2 and 5 per cent depending on the user’s activity level. At the upper end, non gamstop betting site you find big-field handicaps with 20 or more runners, where each horse price can be inflated by a few ticks without any individual punter noticing the difference. 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. While the races are unquestionably the main event, a fair amount of betting on some of these races takes place between the spectators, as long as it is legal to do so, of course. Dave Massey previews Saturday’s action at Aintree, selecting his best bets for the races at 1.15, 1.45, 2.25 and 3.00. That small time investment — repeated across every bet you place — is the most reliable edge available to the average punter.
But check the cap on the maximum stake, because enhanced odds are almost always limited to small bets — one or two pounds, occasionally five. This is the scenario where betting early has a structural advantage — BOG gives you a free call option on price movement. If the exchange back price is 8.0 and the best bookmaker is offering 6/1, the bookmaker is taking a significantly wider margin on that horse. 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. Here is the workflow that experienced punters follow, stripped of anything unnecessary.
If you are betting early in the day and BOG is on offer, take the best available bookmaker price. 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. If the exchange offers 6.0 and the bookmaker offers 5/1, the bookmaker is competitive after commission. On short-priced selections — odds-on or evens — the exchange commission can actually make the bookmaker price competitive or even better, because the commission is a fixed percentage of the profit regardless of the odds.
Midnite becomes official NFL betting partner for UK and Ireland Now that you have a basic understanding of how odds work, and the different ways they are represented, you can compare them online and get the best bet possible. The figures indicate how much a punter would win using a stake of a $100. The money line is mostly used by the American bookies, which clearly displays an underdog, and a favorite.
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It does not require you to do anything special — just take an early price on a race where BOG is offered. A few bookmakers restrict BOG to races shown on ITV or feature meetings, excluding the smaller afternoon cards where drifts are more common. Most bookmakers cap BOG payouts — some at a maximum enhanced payout of 500 pounds, others at a maximum uplift of a certain number of odds points.
