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- Odds-on means odds in the punter's favour
Odds-on means odds in the punter's favour
- By Paul Cassel
- Published 22/10/2008
- Horse Racing Previews
- Unrated
Paul Cassel
Wayne Halliday is a professional sports writer, who has been involved in the betting and gambling industry as a tipster, broadcaster and columnist for the past seven years. He has had a keen interest in horse racing for the past 20 years and regularly makes a profit from his selections particularly on the National Hunt front. Moreover, since the inception of the exchanges and spread betting, he has shown handsome returns in other sports primarily, cricket, tennis and football.
View all articles by Paul CasselThe reason behind their train of thought is that they are fully aware
that they are likely to be handing over the lolly after a big-hitter
has placed a three-figure sum wager on a so called 'certainty'.
Our old enemies prefer to see their clients putting their cash on the bigger priced runners that hold lesser chances, along with doubles, trebles and accumulators, so next time you decide to toddle off to your local Turf Accountant, please remember that the term 'odds-on' means odds in the favour of you - the punter.
They say that the proof of the pudding is in the eating, and I have been researching all the results from the racing that took place in Mainland Britain on the five days
between October 15, 2008 and October 19, 2008, paying special
attention, of course, to those odds-on jollies that you have probably
laughed at in the past.
Let me tell you that 15 favourites went off at shorter than even money during this period. Eight of these were successful at odds of 4/6, 8/15, 8/15, 1/2, 1/5, 4/9, 4/5, 4/6 - a 53% strike-rate. The three unplaced odds-on chances started at 4/6, 4/5 and 4/5.
Looking at these stats, it is not surprising to note that all five favourites that started 8/15 or shorter managed to win - that's a 100% strike-rate. The moral of the story when it comes to racing betting, then is to go large on the little prices. I rest my case.
Our old enemies prefer to see their clients putting their cash on the bigger priced runners that hold lesser chances, along with doubles, trebles and accumulators, so next time you decide to toddle off to your local Turf Accountant, please remember that the term 'odds-on' means odds in the favour of you - the punter.
They say that the proof of the pudding is in the eating, and I have been researching all the results from the racing that took place in Mainland Britain on the five days
Let me tell you that 15 favourites went off at shorter than even money during this period. Eight of these were successful at odds of 4/6, 8/15, 8/15, 1/2, 1/5, 4/9, 4/5, 4/6 - a 53% strike-rate. The three unplaced odds-on chances started at 4/6, 4/5 and 4/5.
Looking at these stats, it is not surprising to note that all five favourites that started 8/15 or shorter managed to win - that's a 100% strike-rate. The moral of the story when it comes to racing betting, then is to go large on the little prices. I rest my case.