With so many bookmakers offering a fixed odds service in this day and age we felt it pertinent to alert punters to the best value that can be had on most races run around Australia by shopping for price correctly. Punting is not only about backing the winning horses but it is also about getting the best price.
When you buy a car you don't only go to one car yard generally to get a price, you shop around and compare, but punters seem to be happy to use a bookmaker or betting outlet they are familiar with most of the time but the bottom line means this generally means less value for your punting dollar.
The example we use is Race 1 at Queanbeyan on 23 February 2010.We give you 3 price examples.
1. IAS BET fixed odds at 4 minutes to post time
2. Ausbet Best tote price which is offered on all Australian races.
3. Betfair Win Average price on money traded on the betting exchange
As you can see the final IASBET.com fixed odds market is a total no value go when it comes to value for your punting dollar, this market is set to 150.33%, remembering that true betting market of equal chance is set to a natural 100% this represents huge unders about most runners in the field
Ausbet.com.au offer to pay you out at the best of the 3 available TAB prices on all meetings, generally TAB's set their markets on win betting to around the 115-118% mark but when you take into account the fluctuations between the 3 totes you end up generally with a market set tighter, in this instance Ausbet.com.au have a market set to 107.44%.
Betfair being a betting exchange is punter v punter so it is based on supply and demand, in this market you can see the Betfair Win Average price amounts to a market set at 98.41% but we must remember no person is going to get the best odds about all runners on Betfair and they do charge a 5% commission on winnings.
So for ease of betting it is totally clear that
Ausbet.com.au is the best option long term for getting the best return on your punting dollar.
It is also totally clear that fixed odds betting generally on markets across racing with traditional corporate bookmakers like www.iasbet.com is a total no go to the punter.
Generally 99% of the betting population does not know how to frame a market hence why they get away with framing such ridiculous markets. People bet blindly thinking they are getting value but the bottom line fact is that 99% of the time they are taking unders about the horse they back.
Do yourself a favour and for ease of your betting activities open an account with
www.ausbet.com.au today and start getting value for your punting dollar in an environment that is easy to use.
