Horse Racing Betting Odds – Is It Worth The Risk?
Do the maths make sense before you place your horse racing bet?
This is one of the first questions you should ask yourself before considering putting down your stake money. Does the horse racing pick provide VALUE?
What we mean by this is – the odds offered by a bookmaker are never the “true” odds or probabilities of a horse winning. Who knows exactly what those figures should be? The figures in the odds are more indicative of what the market as a whole (all the punters in the country and beyond) believe is a horse’s chance of winning.
The figures are driven by market forces. If more people want to back a horse because they think it will win then the bookmakers odds will shorten (reduce). This is as true in the bookmakers’ shop as it is on the betting exchanges.
However, one factor you can be sure of is that whatever the odds offered about a particular horse, the bookmaker will “balance” his total book so that, over all, he is guaranteed a small profit from the race – or at least from the many races he takes bets on that day.
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