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To get the best possible odds, it’s important firstly to understand the current betting landscape.
- Early market fixed prices, even at 9am, usually open between 125% to 135%
- Closing fixed prices usually finish up between 110% to 120%
- TAB Tote win pools are usually around 118%
- The Betfair market usually closes at 102%
As you can see, betting late means you obtain market percentages far more in your favour than betting early. We find a lot of members of tipping services suffer from FOMO (Fear Of Missing Out), and have a tendency to back horses predominantly at fixed odds rather than alternative methods.
People seem to get ‘frustrated’ if they ‘miss a price’ when a winner firms, yet don’t seem to have the same ‘frustration’ when a horse they back at a fixed price drifts to a big price and win. Of course successful analysts will have many winners that firm rather than drift, but that doesn’t mean that all bets should be blindly placed at fixed prices at all times.
All the professional experts providing tips through Winning Edge Investments provide information on whether to back a horse at fixed odds, or to bet late, or a combination/blend of the two. Officially we record drifters using methods such as Betfair SP or BOB. You will match/equal officially recorded odds by using these methodologies, but we urge members to aim to exceed official odds by following the recommendations below.
20 Tips for getting the best possible odds
The aim of the Fair Odds Recording methodologies at Winning Edge Investments is for every member to beat the price recorded in official results, or at the very least match them.
Below is a summary of the top 20 ways to get the best possible odds, and greatly exceed official results:
1) Use Dynamic Odds (or other odds comparison websites)
One of the major factors - if not the major factor - in betting profitably is always striving to get the absolute best price possible.
Once all the work is done and you’re onto a good thing, there’s no bigger ‘own goal’ than taking an inferior price. It takes the same amount of time and effort to place the bet, yet you get paid (sometimes substantially) less.
When you’re following any of our services, it’s important that you aim to get the best prices possible. There’s no point going to the one bookie and just taking their price when others are paying better.
Take yourself back to the old-school betting ring at the track…you wouldn’t do it there! You would always search for the best price and zero in on that bookie.
Thankfully, odds comparison sites allow you to replicate that when betting online. Rather than having to make your way around all the different bookies’ websites or apps, odds comparison sites allow you to just pick your race or sporting event and see multiple bookies’ prices side-by-side.
There’s a few odds comparison options out there. In our opinion, the best one available is Dynamic Odds. Click the link and we have organised an exclusive 4-week free trial for you. It’s an easy-to-use and easily customisable product. You can choose which bookies to display on screen, there’s a mountain of options and tools, and best of all, you can sign in to each of your bookie accounts through the program and simply bet from Dynamic Odds with the click of a button. Click which price you want, enter your stake, and you’re on. It’s fast and dead-simple to use and ensures you always get the best price of all of the bookies.
If you aren’t using Dynamic Odds you are costing yourself a fortune in additional profits. It amazes us that there are still members reporting that they are still not utilising this tool. Even a small punter working full-time will boost their profits substantially using Dynamic Odds. You can check and compare prices with all your own bookies quickly on your laptop or mobile phone, and even place bets through your mobile with all your bookies using the dynamic odds mobile version. This is much quicker and more effective than betting through each bookie app or website separately. Don’t forget clicking our link gets you a 4-week free trial, so if you haven’t tried it yet, get onto it now. The premium version only costs $35 a month. For the extra money you’ll make by being able to easily take better prices, that’s an absolute bargain. Trust us, it’s worth every cent.
2) Have many bookmaker accounts
The basic rule with bookmakers is simply to have access to as many as possible, as it gives you a better chance of always being able to bet the best price. Take your betting bank and spread it across as many bookmaker accounts as possible. It’s far better to have your bankroll evenly split across 10 bookmaker accounts than all sitting in one.
There’s a lot of options out there when it comes to bookies. Our suggestions, in order of importance/benefit are as follows:
Betfair, Vicbet, David Dwyer, TopSport, Bet365, Sportsbet, Sportsbetting, NSW Tab, VIC Tab, Ubet, BlueBet, Ladbrokes, Neds, BetEasy, TopBetta, Betstar, Bookmaker, Tabtouch, Best Bookies, Unibet, Palmerbet, Playup, Bbet & Betdogs.
3) Bookies with a buffer
If you haven’t got an account with Bet365, make sure you get one immediately. Bet365 routinely offer the best early prices on racing, and in addition offer an SP guarantee. Bet365 pay out best of fixed price or SP, whichever is higher. It can be worth at times taking a lower fixed price to secure the potential benefit of 'drift protection'. Whilst this is often a good option, best tote or Betfair SP will usually outperform SP on any drifter. Taking early prices with Bet365 will give you the opportunity to exceed official results, with the SP buffer available if the horse does drift. Bet365 are well known for banning winning punters, but with NSW and Vic now having minimum bet laws in place, Bet365 is right back in the picture for everyone. Use them where their price is above or close to the 3rd best fixed price in the e-mail as there is an SP buffer (as long as you aren’t restricted from this product).
4) Betfair
Betfair routinely offer the best odds available in the market for horse racing, particularly during the last 15 minutes of betting.
Usually Betfair gets you the best odds on horses drifting in the market, and on horses at big (double figure) prices. It is a must have.
We could write an essay on the prices available on Betfair on some of our winners, but a handful of examples from Dean’s Tips are below. As you can see, at all spectrums of the market you can get great prices on Betfair even just at Betfair SP:
- Emmadee: Official $101, $260 Betfair SP (got out to $560 on Betfair in betting)
- Balrov: Official $23, $60 Betfair SP (got out to $120 on Betfair in betting)
- Time And Truth: Official $23, $80 Betfair SP (got out to $140 on Betfair in betting)
- Fish Bones Fry: Official $34, $60 Betfair SP (got out to $90 on Betfair in betting)
- Shazee Lee: Official $56, $100 Betfair SP (got out to $110 on Betfair in betting)
5) BOB
BOB stands for Best of the Best. This is a great product that gives you the best of 3 totes or Top Fluctuation (note Top Fluctuation is calculated from 25 minutes before race start time - not from the opening price).
Vicbet offer BOB for all races across Australia, seven days per week. TopSport offer it for Saturday Metro meetings, as do Ladbrokes/Bookmaker/Betstar. David Dwyer offers it for all metro meetings including midweek. BOB is usually better for horses at single figure odds, and BFSP (Betfair SP) better for horses at double figure odds.
6) Additional late betting stake on big drifters
One opportunity to consider is increasing your stake on a dramatic drifter.
The Kelly Criterion (widely regarded as the best formula to use to determine the optimal size of a bet), suggests that to maximise long-term profits and create a greater edge, the more you should bet. So, as an example if you rate a horse a $3 chance and can get $7 in the market, you should bet MORE than if you could obtain $5 in the market.
This theorem is why we recommend having another bet at our runners if the price drifts to around 50% or more above the recommended price.
Some reasons that horses drift dramatically on Betfair include;
- Wide gate
- High weight
- Poor run last start or poor recent form
- Low-rated trainer or jockey
- First-up and not favoured
- A hot, heavily-backed favourite in the race
These reasons have already been assessed and considered by our expert professional analysts - drifters should not concern you in many instances.
If you lock in an early price and then the horse drifts significantly (close to 50% or more), it is certainly worth backing again on Betfair to get your average price up, to exceed official results. There have been plenty of significant drifters that have won at odds far greater than official prices. It's simply about taking additional advantage when one drifts.
7) Get on track
It’s becoming well reported that top fluctuation prices available on track at the racecourses are well above those reported through the Official Prices (which require a ridiculous 6 bookmakers to all have the price for the fluctuation to be included). Heading to the track to bet can get you better prices than available online.
8) Other bookies not considered in opening fixed prices
Many bookies such as Unibet, Palmerbet, Betstar, Bookmaker, Neds & Pointsbet are all not included when stating the 3rd best fixed price. You can often get bigger fixed odds using these bookies.
9) Bookies not on Dynamic Odds
A very large proportion of members bet using Dynamic Odds, and take the best available prices from that selection of bookies. As a result, there are several bookies whose prices are not shown on Dynamic Odds. They are also not considered in official results or betting information.
However, many members do bet with these bookies, and often find they get greater prices than main bookies. The other bonus is that as these bookies are lesser known & not on Dynamic Odds, their prices are often available a lot longer. If you happen to miss an early price, it is worth looking at these bookies to see if the price may have held, as they often do hold much longer than the bookies on Dynamic Odds.
Options include: Unibet, Palmerbet, Betstar, Bookmaker, Neds & Pointsbet.
10) Horses drifting to better prices than quoted before alert sent
This actually happens fairly often. By the time the alert is sent, often a horse has drifted out to prices greater than stated, but nonetheless that stated price is recorded. For example, there was one occasion where a horse was advised at $3.20 when the e-mail was sent, but was $4.40 about a minute later. The $3.20 price was recorded for that winner.
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