AI Horse Racing Handicapping Software

Although it won’t tell you how much the horse will pay, it does show the amount of profit you will get if you win and the amount you have uk betting sites to bet to get it. The figures indicate how much a punter would win using a stake of a $100. The money line is mostly used by the American bookies, which clearly displays an underdog, and a favorite.

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’s theoretical profit margin before a single bet is settled. In practice, they always sum to more — typically between 110 and 130 per cent for horse racing — and that excess is the overround.

If the exchange is at 7.0 and the bookmaker is at 6/1, the prices are closer, and after exchange commission the bookmaker might even be marginally better. 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.

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 — in the bookmaker’s view — margins that can reach extraordinary levels. The overround also tells you something about the race itself.

Log into your account and you will find a rebate of up to 10% from the previous days horse wagers. “We trust US Racing to provide accurate and thoughtful coverage of racing. They are the best source for horse racing odds.” The horse racing betting odds for each horse are displayed on a tote board at the track or on the betting ticket online. Betting on the outcome of horse racing can be fun and profitable, and if you know what you’re doing, you might even be able to beat the odds. Not only that, you’ll get up to an 10% rebate on all your horse bets placed! Get the VIP treatment from day one with a special Welcome Bonus up to $1,000.

Where a bookmaker might offer 5/1 on a horse with a 120 per cent book, the exchange might show 5.5 (or 9/2 in fractional terms) on the same runner with a total market overround of 103 per cent. When bookmakers extend place terms on big handicaps — paying five or six places instead of four — they compensate by widening the margin on the place element of each-way bets. At the lower end, you find small-field Flat races — Group 1 contests with five or six runners where the form is well established and bookmakers compete aggressively on the headline price of the favourite. The difference between 3/1 and 7/2 is not dramatic on a single bet, but across 200 bets over a season it represents dozens of units of profit or loss.

The value of BOG depends on how much Starting Prices drift from the early prices. That decline puts pressure on bookmakers to attract and retain bettors. It is a one-way ratchet in the punter’s favour — a free option on upward price movement with no downside risk. Check the exchange price on your selection before placing with a bookmaker. When should you use the exchange, and when should you use a bookmaker? There is a subtlety that experienced exchange users understand and newcomers often miss.

On horses that drift — less money than expected, price lengthening — BOG gives you the benefit of the higher SP. On horses that are supported in the market — money coming in, price shortening — BOG adds nothing, because the SP is lower than the price you took. Best Odds Guaranteed is one of the most powerful tools available to horse racing punters, and it is routinely undervalued.