Whenever you intend to place a bet or ask for your own odds, always take a look at the betting queues. A better picture may be established by looking at the amount of money being placed on a contestant and what odds other users are asking for. Don’t limit yourself to the basic odds page.
Open up the statistics for the contestant you’re interested in and study the trends. A lot of infor mation can be had here. Amounts waiting to be BACKED at appropriate Odds Amounts waiting Amounts to be LAYED at MATCHED at appropriate Odds appropriate Odds
Always look at the Volume of interest in a contestant
compared to the Total matched on this event.
Amounts waiting to be BACKED at appropriate Odds Amounts waiting Amounts to be LAYED at MATCHED at appropriate Odds appropriate Odds
The queue can take any form~ small amounts, large amounts, odds without any amount being asked for. Where do you pitch your amount. You must consider what chance your request has of being matched taking into account what end result you are looking for. Asking for odds when there is a large queue in front of you with large amounts on offer may cause your offer to be lost for ever without ever being matched.
Look out for “rogue” amounts these may be a user(s) attempting to temporarily affect odds.A lot will depend on what time of day you intend to start trading but by looking at the graph you may be able to spot a trend of interest in a contestant if the graph is moving downwards then a good interest in the contestant is indicated and therefore odds may drop further. Obviously, the opposite applies if the graph is climbing.
A technique I use to help me with possible odds movement makes the use of a spreadsheet. A spreadsheet isn’t absolutely vital but it does make things a darn sight easier. It involves Copying & Pasting the odds queue in the market information onto a spreadsheet and using the SUM for mula to quickly addup the total amount waiting to be BACKED and the total amount waiting to be LAYED. If the former grossly outweighs the latter then this may be an indication that odds will moveout and vice versa. It may sound long winded but I assure you it only takes a few sec onds. The alternative would be to add each individual line with a calculator not very practical when there are long queues.
Market Information Data, Copied & Pasted into spreadsheet.
Total of BACK requests Clues, Clues, Clues. We are constantly on the lookout for clues which will tell us likely odds movement and their direction.
Another source of information can be found from www.RacingPost.co.uk (if you are following horses that is). Select the race you are interested in and then click on LIVE COMMENTARY & ODDS COMPARISON found on the righthand side of your screen. When the odds become available from the various bookies you will be able to compare them with those on offer on Betfair or whichever Betting Exchange you are using. Change the odds display to decimals for easy comparison. As the odds begin to move the colour of the odds display may be Red or Blue Red indicates that odds are comingin and Blue indicates that odds are movingout.
Change to Decimal Odds Display for easy comparison with Betting Exchange Odds
Odds Displayed in Red Odds Moving InIf you have time, read Spotlights under the Analysis Section of Racing Post and any late break ing news that might knock the favourite of its perch. You might read about a trainer declaring that his horse is not running at peak performance this information can quickly cause a horse’s odds to moveout if other users are reading from the same song sheet get there first.