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27/9/2014 edition

Understanding Horse Racing & Gambling Betting Odds

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Imagine a four horse race where each horse has the same chances of winning. That means each horse has exactly a 25% chance of winning. You simply divide 100% by four.

To obtain the true dollar odds for each horse you divide 100 by each horse's percentage chance of winning. So 100 divided by 25 equals $4.00. This market percentage is also exactly 100% as 4 x 25 = 100.

The higher the total market percentage is above 100%, the worse it is for the punter.

For example, in our four horse race if the odds of each of the horses was $3.00, instead of $4.00, then by dividing 100 by three, each horse is given a 33.33% chance.

But as there are four horses each given a 33.33% chance you get a total market percentage of 4 x 33.33% = 133.32%. Now that sure is a bad market for punters.

To obtain the starting price market percentage, as in the example above, you simply divide 100 by each horse's starting price dollar odds and add up the totals.

How often will you find a big race with a field of say 16, 17 or 18 runners where the starting price market percentage is a very tight and high 137% or even higher?

Quite often.

What is even more amazing is that in such races you will most likely be told by some folks in the horse racing media that you can get plenty of value on anything you like as it is $5.00 the field!

Here's the reality:

That starting price market of 137% is equivalent to a game of roulette, but with an important change:

Instead of the 37 roulette numbers being 18 even, 18 odd and one zero for the house, there are now 12 even, 12 odd and 13 zeros for the house!

Alternatively, keep the 18 even numbers, 18 odd numbers and one zero for the house. But all the even money payouts for odds, evens, black and red are instead reduced from $2.00 to $1.50!

Now that certainly puts tight betting markets into a very easy to understand perspective.

This edition of Punt to Win:
Understanding horse racing & gambling betting odds
The Free Class Horse horse racing betting system
The Professional Punter's horse racing news
Horse racing form analysis and betting system tips
Horse Watch betting system - future winners
Group 1 horse racing results: 20/9/2014 & 13/9/2014
Free horse racing ratings & betting tips package membership!
Get those betting odds
Betting horse racing favourites in small fields: 20/9/2014

Betting horse racing favourites in small fields: 13/9/2014 & 6/9/2014
Best odds for well bet winners - bookmaker or tote?
Betting top weights - horses carrying a weight handicap of 60kg.
Punt to Win 6/9/2014
Punt to Win Index - 2000 to Present

On Saturday, 19th. July 2014, our tipster Lucky Lil gave 4 tips with Evangelist a fantastic winner at Rosehill with $16.00 available on track!

While First By A Nose gave 6 tips with 4 winners. They were O'Malley, $4.80 TF, Cradle Me $3.70, Aeratus $3.60 and Generalife $2.70.

On Saturday 12th. July, Lucky Lil's 3 tips at odds from $7.90 to $9.70 all missed a place, but the week before Lucky Lil's one tip Generalife won at Rosehill with $7.50 available on track!

On Saturday 12th. July First By A Nose gave 5 tips with Akavoroun, $6.90 and Atlantis Dream, $4.60, both winning. Hard Stride, $9.80, finished a close second at Flemington.

Our tipsters have had some fantastic winning days in the past such as:

On Saturday, 23rd. November, 2013, our tipster gave followers Padrino, a $51.00 winner and the Free Ratings found a $19,048.40 First Four at Eagle Farm!!

On Saturday, 16th. November, 2013, our tipster gave followers Missing Page, $15.00 winner and Ninth Legion, $7.00 winner!

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2013 Melbourne Cup Day
Bookmaker Win Dividends

Horse

Get these dividends? Or these bookmaker dividends! Extra Profit $30 bet
Mujadale 15.00 18.70 $111
Bernabeu 10.90 13.00 $63
Chile Express 14.00 16.00 $60
Plucky Belle 15.50 17.30 $54
Oakleigh Girl 5.50 6.50 $30
Richie's Vibe 7.70 8.50 $24
Fiorente 6.90 7.50 $18
Salon Soldier 2.70 3.20 $15
Wistful 4.40 4.80 $12
Moderate 1.90 2.15 $7.50

 

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