This series of articles has already discussed realistic profit on turnover, losing runs and probability. Today I want to write about market percentages.
Punters today have a wide variety of opportunities to gain the best prices and by having access to Betfair, best tote products and bookmakers we have a luxury that wasn’t available to us 10 years ago. Betfair often operates as low as 101%, the totes at 118% and bookmakers at somewhere between 110% and 140%. But what does that all mean?
Odds Market %
- $2.5 = 40.00%
- $4.0 = 25.00%
- $5.0 = 20.00%
- $8.0 = 12.50%
- $12 = 8.50%
- $17 = 5.88%
- $34 = 2.95%
- $51 = 2.00%
- $71 = 1.40%
- $101 = 1.00%
TOTAL 118%
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The above odds typify a TAB market which operates at approximately 118%. This means that if you were to back each horse to collect $100 it would cost you $118. That is because the TAB deduct around 18% from the total pool before distributing the remainder between the total number of units bet on the winner.
Below is the same market at 110%
- $ 2.80
- $ 4.30
- $ 5.50
- $ 8.50
- $14.00
- $20.00
- $34.00
- $51.00
- $71.00
- $101.00
Below is the same market again, but this time at 101%
- $3.00
- $4.40
- $6.00
- $9.00
- $15.00
- $21.00
- $41.00
- $61.00
- $71.00
- $101.00
This series will continue in coming weeks with the following topics: (5) Discipline is the key (6) Betting with ratings