7/3/2003 edition

Brisbane Bookmakers'
Tight Betting Odds

The Brisbane bookmaker betting odds markets were again oh so tight, with a top fluctuation market of 131% in the main race of the day, the Queensland Irish Association Cup run over 1200 metres.

Bettors, you have more power than you realise to get better odds from the Brisbane bookmakers. Simply tell them you will not bet with them until they have markets of no more than 115%. (Believe me, even that is not a generous betting market and gives bookmakers a huge margin for profit. But it is a significant improvement on markets of 130%+.)

If punters as a group showed a bit more sense about the odds they were prepared to accept from Bribsbane bookmakers, the bookies would have two options.

1. Offer better odds.
2. Go out of business because they're not getting any bets.

As for interstate bookmakers betting on Brisbane racing, how about ignoring their odds and offering considerably better odds? You should definitely not offer punters at best the odds bet in Brisbane or even considerably shorter odds.

Sometimes we wonder whether Brisbane bookmakers' markets are aimed at gamblers who bet on the principle that "There's a winner in every race, so you don't need to worry about the odds you get, just pick the winner." Sometimes you have to wonder.

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