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The table below gives you a convenient way of comparing
the traditional bookmakers' prices with tote prices, current bookmakers'
prices and market percentages.
For example if you go down the table you will see that 3/1 is the same
as a $4.00 tote price. As most bookmakers' prices are now quoted like
this you will also easily be able to convert bookmakers' prices back to
traditional bookmakers' prices.
The market percentage of each price is also included on the right
of the table.
The closer this percentage is to 100 for the total of all the runners
in a race, the fairer the prices are for the punter. The higher over 100
this percentage is for the total of all runners, the worse it is for the
punter.
The higher over 100 the market percentage is
for the total of all runners, the more likely it is that no matter what
horse you back in the race, you are getting a price that must make you
lose long term!!
Example: If you were only able to get odds on about the toss of a coin,
it doesn't matter what you back, heads or tails, you are getting
a price that must make you lose long term.
To be successful at punting you must understand what market percentages
are all about, otherwise you are betting blind when you are taking prices
about horses.
You will never get a total close to 100 on the tote because
the tote cleans up punters every race, every track, every day, every state.
The best prices available from bookmakers on a Saturday meeting at Sydney
will regularly total very close to 100, occasionally even under! You will
never get this on the totes, which are 120+.
|
Traditional
Bookies Price
|
Tote Price
|
Market
Percentage
|
| 1/2 |
1.50 |
66.67 |
| 8/15 |
1.53 |
65.22 |
| 4/7 |
1.57 |
63.64
|
| 8/13 |
1.62 |
61.90 |
| 4/6 |
1.67 |
60.00 |
| 8/11 |
1.73 |
57.89 |
| 4/5 |
1.80 |
55.56 |
| 9/10 |
1.90 |
52.63 |
| 1/1 (even money) |
2.00 |
50.00 |
| 10/9 |
2.11 |
47.37 |
| 5/4 |
2.25 |
44.44 |
| 11/8 |
2.38 |
42.11 |
| 6/4 |
2.50 |
40.00 |
| 13/8 |
2.63 |
38.10 |
| 7/4 |
2.75 |
36.36 |
| 15/8 |
2.88 |
34.78 |
| 2/1 |
3.00 |
33.33 |
| 9/4 |
3.25 |
30.77 |
| 5/2 |
3.50 |
28.57 |
| 11/4 |
3.75 |
26.67 |
| 3/1 |
4.00 |
25.00 |
| 13/4 |
4.25 |
23.53 |
| 7/2 |
4.50 |
22.22 |
| 15/4 |
4.75 |
21.05 |
| 4/1 |
5.00 |
20.00 |
| 9/2 |
5.50 |
18.18 |
| 5/1 |
6.00 |
16.67 |
| 11/2 |
6.50 |
15.38 |
| 6/1 |
7.00 |
14.29 |
| 13/2 |
7.50 |
13.33 |
| 7/1 |
8.00 |
12.50 |
| 15/2 |
8.50 |
11.76 |
| 8/1 |
9.00 |
11.11 |
| 9/1 |
10.00 |
10.00 |
| 10/1 |
11.00 |
9.09 |
| 11/1 |
12.00 |
8.33 |
| 12/1 |
13.00 |
7.69 |
| 14/1 |
15.00 |
6.67 |
| 15/1 |
16.00 |
6.25 |
| 16/1 |
17.00 |
5.88 |
| 20/1 |
21.00 |
4.76 |
| 25/1 |
26.00 |
3.85 |
| 30/1 |
31.00 |
3.23 |
| 33/1 |
34.00 |
2.94 |
| 40/1 |
41.00 |
2.44 |
| 50/1 |
51.00 |
1.96 |
| 60/1 |
61.00 |
1.64 |
| 66/1 |
67.00 |
1.49 |
| 80/1 |
81.00 |
1.23 |
| 100/1 |
101.00 |
0.99 |
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