17/5/2002 edition

Betting Tips

Do small fields increase your odds?

I couldn't help but laugh when hearing a promotion for betting on the greyhounds the other day.

The betting myth we heard was because there are "only eight starters you've got the odds in your favour."

That is mathematical gobbeldygook.

Do the TABs and bookies all lose on the dogs because the odds are against them? Just ask all the punters who regularly lose money backing dogs whether they think the odds are in their favour.

1. You cannot bet seriously with the bookmakers - why do they bother turning up when you have markets of 180%.

2. The tote pools are too small to accommodate decent bets.

3. Because the tote pools are so small you have no idea what price you are getting.

4. Because there are only eight runners combined with small tote pools it is much more difficult to get value tote combinations overlooked by the other punters in trifectas - you will usually get well under the true odds.

Conclusion:
The odds betting on the dogs are more heavily against punters than betting on horse racing.

This edition of Punt to Win:
Bookmaker betting odds - value is here
Do small fields put the odds in your favour?
Where are Adelaide's jockeys?
How's this for a betting tip?
How to win betting Gai Waterhouse trained horses
Money talks - Randwick and Caulfield plunge horses
Money talks - Morphettville plunge horses
Future winners - unlucky horses
Punt to Win 10/5/2002
Punt to Win index

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