AI Horse Racing Handicapping Software
That small time investment — repeated across every bet you place — is the most reliable edge available to the average punter. If you are betting early in the day and BOG is on offer, take the best available bookmaker price. 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.
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 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. This is much simpler as the decimal figure is simply the payout per unit staked. The sport of Horse racing is found to have been enjoyed even before ancient times, and later it was adopted by the highest echelons in British Society, eventually earning the sport its oft repeated name, the ‘Sport of Kings’. Winners are paid out of full track odds on your Straight wagers and track odds up to a fixed odds max amount for your Exotic wager.
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 — odds-on or evens — 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.
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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. Most bookmakers cap BOG payouts — some at a maximum enhanced payout of 500 pounds, others at a maximum uplift of a certain number of odds points. On horses that drift — less money than expected, price lengthening — BOG gives you the benefit of the higher SP.
The commission you pay on an exchange winning bet reduces your effective odds. On feature races — the Champion Hurdle, the Gold Cup, the Grand National, Saturday afternoon handicaps at major tracks — the exchange market is deep enough that you can back at the displayed price without difficulty. Where a bookmaker might offer 5/1 on a horse bookies not on gamstop 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.
The individual difference may be small — perhaps 5/1 versus 11/2 — 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, purse money for the horsemen, expenses at the track, and the track’s profit. 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.
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. The overround is 5.9 per cent, meaning the bookmaker has built a theoretical edge of just under 6 per cent into the market.
