Punt to Win
Horse Racing Betting Odds Tips
Control your betting - control your betting odds
Believe it or not, the odds you get about your selections are nearly as important as the selections themselves!
Good selections that win 33% of the time will lose you money if you only average $2.50 about them, because at $2.50 you need a 40% winning strike rate to break even. But if you average better than $3.00 (33%) about those same selections will make you money. Consistently taking odds below the best available about good selections that should win at level stakes will make you lose money long term. Get good odds about good selections and you will win money long term.
Before you bet you must have an idea about what are fair odds for the horses you are prepared to back. If you think the horse you like at best can win the race about one in five times - 20% of the time, you must not be prepared to accept below $5.00. Our Odds calculator gives you tables so you know what winning strike rate you need for horses at different odds.
For Saturday metropolitan horse racing you need to get at least top official betting ring fluctuation on all the shorter priced horses you back. For the longer priced horses you wager on, you need to get at a minimum best tote odds, as the best tote odds is usually better than the top official betting ring fluctuation for these horses.
You must also be in control of your betting which means controlling the odds you get.
You only have to look at some of the horrendous betting ring markets at top official odds - around 140% - particularly at provincial non-Saturday meetings. You can't simply put on a top fluctuation bet with a bookie and find because they are betting 140% that the best odds about your horse is $3.00 when you wanted at least $5.00. Getting those sorts of unders means you must lose long term.
You require at least two things from any top official fluctuation bet:
1. The top official fluctuation must be paid to you. No deductions from your winnings because then it is not a top fluctuation bet.
2. You must have the ability to give minimum odds with your bet. If the minimum odds are not available, your bet is off. Without that, you have no real control over your top fluctuation betting.
How can you get this? It is a very competitive market for the horse racing betting dollar . So the same advice applies as for any other service you want. Shop around the bookies, the totes and of course Betfair.
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This edition of Punt to Win:
2011 Melbourne Cup Day
|Disclaimer: This site covers various aspects of horseracing in Australia. We provide betting tips, online gambling strategy and links to many thoroughbred sites. OZmium Pty Ltd is not responsible for the content of the links and also accepts no liability for financial loss or misadventure caused by the information provided here. We strongly recommend you bet within your budget and only with money you are prepared to risk.|