The overround is 5.9 per cent, meaning the bookmaker has built a theoretical edge of just under 6 per cent into the market. It is the bookmaker\u2019s theoretical profit margin before a single bet is settled. In practice, they always sum to more \u2014 typically between 110 and 130 per cent for horse racing \u2014 and that excess is the overround. In a perfectly fair market with no margin, the implied probabilities of all runners in a race would sum to exactly 100 per cent. Understanding those differences is where value lives.<\/p>\n
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@ScottyPick6 Scotty thank you so much for the winnings from the Saturday webinar. Biggest payout of my life! Took down that LP5 @BelmontStakes today! This includes first time starters. Our top Pace number will be in either the 1st or 2nd position at the first call 72.5% of the time. Our top win percentage horse wins 32.9% of the time.<\/p>\n
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If the exchange back price is 8.0 and the best bookmaker is offering 6\/1, the bookmaker is taking a significantly wider margin on that horse. Here is the workflow that experienced punters follow, stripped of anything unnecessary. And some operators apply BOG only to bets placed after a certain time in the morning, which means very early ante-post-style wagers do not qualify.<\/p>\n
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Over time, backing at exchange odds rather than bookmaker odds produces a measurably higher return on investment, assuming you can find liquidity on your chosen market. The exchange takes a commission on the net winnings of the winning side, typically between 2 and 5 per cent depending on the user\u2019s activity level. The overround on the Grand National ante-post market can reach as high as 180 per cent \u2014 a level that would be considered predatory in any raceday market. It varies by operator, by race type, and by the time of day. If Bookmaker A is running a 115 per cent book on a race and Bookmaker B is running a 125 per cent book, Bookmaker A is systematically offering better value across the entire field.<\/p>\n
The 120 per cent book means the prices across the entire field are compressed, which means every price is slightly lower than it should be in a fair market. A significant share of that GGY exists because punters accept worse odds than they need to. Horse racing odds comparison is the single most important habit a punter can develop, and it is also the one most punters neglect.<\/p>\n
Across UK and Irish horse racing, typical bookmaker overrounds range from about 110 to 130 per cent. Understanding the typical ranges gives you a framework for evaluating whether the price you are being offered is competitive or padded. The margin a bookmaker builds into horse racing odds is not fixed. If you bet at a bookmaker with a consistently higher overround, you need a higher strike rate just to break even. The worst overrounds appear in ante-post markets, where the uncertainty justifies \u2014 in the bookmaker\u2019s view \u2014 margins that can reach extraordinary levels. The overround also tells you something about the race itself.<\/p>\n
The practical approach for most punters is to use both. If you back at 6.0 (5\/1) and pay 5 per cent commission on your winnings, your effective odds are 5.75 (approximately 19\/4). On a Monday afternoon novice hurdle at a minor track, liquidity is thin.<\/p>\n
Oddschecker is the most widely used in the UK and shows prices from all major bookmakers side by side, updated in near-real time. If the exchange offers 7.0 and the bookmaker offers 5\/1, the bookmaker is taking a significantly larger margin on that runner, and you should either back on the exchange or find a bookmaker whose price is closer to the exchange level. On short-priced selections \u2014 odds-on or evens \u2014 the exchange commission can actually make the bookmaker price competitive or even better, because the commission is a fixed percentage of the profit regardless of the odds. The commission you pay on an exchange winning bet reduces your effective odds. On feature races \u2014 the Champion Hurdle, the Gold Cup, the Grand National, Saturday afternoon handicaps at major tracks \u2014 the exchange market is deep enough that you can back at the displayed price without difficulty.<\/p>\n","protected":false},"excerpt":{"rendered":"
Horse Racing Odds The non gamstop bookies individual difference may be small \u2014 perhaps 5\/1 versus 11\/2 \u2014 but across hundreds of bets over a year, that cumulative margin is the difference between a profitable punter and a losing one. The take varies from state to state and the money is used to pay taxes, […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-320456","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"http:\/\/www.manxin.cc\/index.php?rest_route=\/wp\/v2\/posts\/320456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.manxin.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.manxin.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.manxin.cc\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/www.manxin.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=320456"}],"version-history":[{"count":1,"href":"http:\/\/www.manxin.cc\/index.php?rest_route=\/wp\/v2\/posts\/320456\/revisions"}],"predecessor-version":[{"id":320457,"href":"http:\/\/www.manxin.cc\/index.php?rest_route=\/wp\/v2\/posts\/320456\/revisions\/320457"}],"wp:attachment":[{"href":"http:\/\/www.manxin.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=320456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.manxin.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=320456"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.manxin.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=320456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}