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23/11/2001 edition

Best Odds are Important!

Here is what the racecaller said just before the seventh at Rosehill last Saturday. If punters complained about this maybe the vested interests would realise that more informed comments are needed.

"... further money for Magic Feather on track. He was very short on the tote at $2.70 but the $2.70s OK now because he's been very solidly backed."

1. The bookmaker betting ring is not a tote. Punters get the price they take for the horse, not the price it starts at.

2. Best tote dividend paid for Magic Feather was $2.60 on the New South Wales tote. Worst was $2.40 on SuperTab.

3. $3.50 was freely available in the bookmaker betting ring for Magic Feather.

4. A $100 tote bet at $2.40 on Magic Feather returned $140 profit. The same bet at $3.50 on Magic Feather with bookmakers returned $250 profit. That is 79% extra profit.

5. Back one winner out of three at $3.50 in the bookmaker betting ring and you are making 17% profit on turnover.

6. Back the same one winner out of three at $2.40 on the tote and you are losing 20% on turnover.

The correct betting advice from the racecaller just before the seventh at Rosehill last Saturday was:

"... further money for Magic Feather on track. But he's very short on the tote at $2.70 compared to what he was on track. It's poor value taking such big unders on the tote when much better odds were freely available on track."

Next pages
Tote betting - a winning approach
Jockey watch - Damien Oliver
First start "good things"
Future winners at big odds
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Warning
Short Priced Tote Favourites

These are losing bets.
Look at the table below and see the percentages lost backing short priced tote favourites compared with bookmaker betting ring prices.

It is just about impossible to get a high enough strike rate backing short priced tote favourites to make up for the big unders on the tote.
If you regularly get poor odds you must lose.

Did you back any of these winners recently?
If you did, see the prices you should have got.

Horse

Get these prices? Or these prices!! Extra percentage won Extra Profit $100 bet
Kulnura 3.90 6.00 72% $210
Sri Lanka 3.80 5.50 61% $170
Daniel's The Man 3.00 4.60 80% $160
Moon Dragon 4.20 5.50 41% $130
Magic Feather 2.40 3.50 79% $110
Snippets' Belle 2.30 3.20 69% $90
Deerhill 2.40 3.20 57% $80
Messiaen 1.80 2.25 56% $45

Back Tote Longshots?

Horse

Get these prices? Or these prices!! Extra Profit $100 bet
La Bella Dama 46.10 59.30 $1320
My Sky Rocket 28.60 40.10 $1150


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