What Are The Best Odds In Horse Racing
What Are The Best Odds In Horse Racing UK
A simple answer to the statement what are the best odds in horse racing is backing a horse at higher decimal odds than the implied probability of the horse winning the race. This applies to all sports events not just horse racing. I will give you an example of this.
Horse A odds before the race is 2/1 or decimal odds 3.0. Now this horse has a 33% chance of winning the race. So for every £100 placed on the horse A you will make a £200 profit plus you will get your £100 back that’s if it wins. If horse A loses you will lose £100.
Now let us use the same scenario above and we can get 3/1 or decimal odds 4.0 for horse A. We make an extra £100 profit and the better odds we can achieve the more profit we make if it wins. The betting market thinks the horse has a 33% chance of winning the race, but we have got better odds than the market suggests.
Try and use this approach for all sporting events you will make more money in the long term.
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