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Previous results. Horse racing odds are greatly affected by the way oddsmakers perceive previous accomplishments for both horses and jockeys.
Even if there is a better candidate for winning the race, horse racing odds can still be affected by a particularly hot streak from a certain horse.
This is a sport unlike any other, so previous results are a good way of determining horse racing odds for every event. The on-track variables are minimal, which gives this particular factor a boost in terms of importance.
Of course, there are fewer tangible factors that affect horse racing odds, but the ones we mentioned above are the basis of all others.
In the world of horse racing odds, a movement is best defined as a change in the odds. These changes are applied by the same oddsmakers that calculated the horse racing odds in the first place and are most often the result of changes in key factors that can alter the outcome of any particular race.
As all horse racing odds are monitored from the moment they are posted, all changes happen very fast.
While there is no single method or approach that can help you on this mission, our team at Betting. A change of trainers. Most great horses have achieved high status because they have the right trainers behind them.
Horse racing odds often move because there are changes in the training staff, especially if a particularly reputable trainer leaves the team. Also, you have to keep in mind that different trainers have a different approach.
Even the biggest favourite can take some time getting used to a novel approach, which can affect horse racing odds for the whole race.
Since most races take place on fixed dates, there are ample amounts of excitement before the big day. Because these experts have so much power in the industry, their opinion can make or break horse racing odds.
Even potential clear-cut winners can become underdogs if negative comments from watchers result in the horse racing odds going down.
The same thing happens if an underdog surprised everyone - horse racing odds rise rapidly, and punters can quickly change their game plan.
Copycat bookmakers. Believe it or not, not every betting site has its own oddsmaker for horse racing odds. This can have a calamitous effect in terms of the odds moving, as copying early odds, which are mostly inaccurate, can lead to punters favouring a certain horse and offsetting the market with their bets.
Bookies observe which horse racing odds are targeted by their customers, allowing them to readjust their initial offers.
The importance of the market itself is more pronounced in the world of horse racing odds than anywhere else in the industry. Experts, pundits, and trainers can sway everything with a single comment or opinion.
Whether or not this is good is up for debate. Regardless, horse racing odds require much more observation than what other sports require.
If you see any inconsistencies or if you feel like a certain horse might suddenly emerge as a favourite, act on it. This figure will always be rounded off to the nearest dime usually or nickel, as mentioned previously, before the payoffs are calculated.
Here is a simple example of win odds calculation:. Remember, your actual payoff may differ from this chart, as the odds on the tote board are rounded off, so odds on the tote board may actually be 1.
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