Welcome to the weekly series of Winning Edge Investments tutorials - designed to improve your punting knowledge and maximise your returns by providing real, unbiased, practical information.
GETTING THE BEST POSSIBLE ODDS ON HORSE RACING
To get the best possible odds, it’s important firstly to understand the current betting landscape.
- Early market fixed prices, even at 9am, usually open between 125% to 135%
- Closing fixed prices usually finish up between 110% to 120%
- TAB Tote win pools are usually around 118%
- The Betfair market usually closes at 102%
As you can see, betting late means you obtain market percentages far more in your favour than betting early. We find a lot of members of tipping services suffer from FOMO (Fear Of Missing Out), and have a tendency to back horses predominantly at fixed odds rather than alternative methods.
People seem to get ‘frustrated’ if they ‘miss a price’ when a winner firms, yet don’t seem to have the same ‘frustration’ when a horse they back at a fixed price drifts to a big price and win. Of course successful analysts will have many winners that firm rather than drift, but that doesn’t mean that all bets should be blindly placed at fixed prices at all times.
All the professional experts providing tips through Winning Edge Investments provide information on whether to back a horse at fixed odds, or to bet late, or a combination/blend of the two. Officially we record drifters using methods such as Best Tote/SP, Betfair SP, BOB, Top Fluc or Mid Tote. You will match/equal officially recorded odds by using these methodologies, but we urge members to aim to exceed official odds by following the recommendations below. Click the button to learn more.
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