Why Horses Often Ease in the Bookmaker Betting

Interesting article

Let's have a look at some "information from the track" punters have regularly received for years from the racing media. The second race of the day is being held. It is a 2YO Open over 1000 metres. The track is also very heavy track.

It will be no surprise if the "information from the track" given to you by the racing media tipster is that all horses have been a little bit easy as "punters are trying to sum up the track."

If you check the bookmaker odds you will see that is correct. Sure - all the horses have eased. But did that really have anything to do with punters trying to work out what the track was going to do?

When you look a little further it will be no surprise to see that the opening market was 145% - or even higher. Now it's a simple mathematical fact that it's pretty hard to get betting value in a market like that.

To put a market of 145% into perspective consider roulette in a casino where there is one zero.

With a market of 145%:

Instead of being paid even money (R2.00) for correctly selecting a red or black number you are only paid R1.40.

Instead of being paid R3.00 for correctly selecting a number in the group 13 to 24 you are only paid R2.10.

Instead of being paid R36.00 for correctly selecting one number you are only paid R24.00.

Now you see what a horse racing betting market of 145% is.
Most likely any bet is a long term losing bet.

It's a pity the racing media don't tell you that.

That will also explain why horses ease in the betting. It is simply that none of them offered any value to tempt any worthwhile betting money from the larger punters who move the market.

I also think that when insiders are not happy with the current price, they will deliberately let it drift, and then bet big when they think there's value, or if not, then bet just before the off.

Yip, the only way to make any money from the horses in the long term - one needs to consistently back at longer odds than the credible fair value price which has been assessed. And even then many still get bowled over..

Unraced 2yo`s and maiden races are always going to have shit betting percentages...

Geez i remember the good auld days when i bookied at the gaff dog tracks ,we used to open 1/1 the field in the time trial races and let the punters make the book..

Betting world and interbet has the best prices eary and racetime better that the bookies site. I call my bookmaker and get quoted 0.65 and he says dont worry mate you can have 7/10 so i think great until i look at Bettingworld and interbet...they would have even money. So i asked him the question as to why..he says those are the prices that are sent to him, and when i asked him to find out why ...he said he will...and i am still waiting.
So obviously i now bet with interbet and bettingworld.

So what i would like to know is why is there such a big margin with the prices....???

The other bookies offering these brass prices...well all i can say if i worked it out it wont be long before before others do and they head on to betttingworld and interbet as well.

....

Sportingbet,what ever you think of them, destroy the other bookies with their prices..

Andy - Most of those bookies all trade on Interbet.

Also Marshalls have very good odds as well.