Bookmakers prices

[RentonT]

https://www.youtube.com/watch?v=kqCyqHOO2Jc

Peter just posted the above video.

Not having a go because I don't like traditional bookmakers the same as anyone. And obviously it is in all our interests to get as many people using the exchange as possible.

BUT I think it is important that people are aware that the bookies prices are e/w prices, and you are comparing them to an exchange win only market.

So for anyone looking to place win only bets then that's great!

I thought the video was cleverly made.

[Dallas]

BUT I think it is important that people are aware that the bookies prices are e/w prices, and you are comparing them to an exchange win only market.

When was it compared to the E/W markets? I only noticed the exchange win and bookie win prices compared

[RentonT]

Bookie prices are each way prices being compared to exchange win only prices.

Peter used this cleverly to make his point and hopefully get more people to use the exchange which I am all for. But if you compare the each way prices on the exchange and put a win only bet on and take off 5% commission there is usually not much in it. And if you compare football odds the prices are more in line.

Not having a go like I said, I love Bet Angel and have huge respect for Peter.

oddschecker.png

[Dallas]

Those odds are for the Bookie win markets

[RentonT]

If you want to place an each way bet those are the odds where as if you want to place an each way bet on the exchange you get lower odds on a separate market.

Although I get the point - if you want to place a Win only bet then those too are the odds and therefore you are far better off using the exchange.

[spreadbetting]

Those odds are for the Bookie win markets

Bookies don't usually have separate win and place markets so if you want an each way bet the bookies use the win odds to calculate the place portion as follows

Non-Handicap Races
2 - 4 Runners: Win Only (1st place only)
5 - 7 Runners: A 1/4 the odds over 2 places (1st and 2nd place)
8 or more Runners: A 1/5th the odds over 3 places (1st, 2nd and 3rd place)

Handicap Races
2 - 4 Runners: Win Only (1st place only)
5 - 7 Runners: A 1/4 the odds over 2 places (1st and 2nd place)
8 - 11 Runners: A 1/5th the odds over 3 places (1st, 2nd and 3rd place)
12 - 15 Runners: A 1/4 the odds over 3 places (1st, 2nd and 3rd place)
16 or more Runners: A 1/4 the odds over 4 places (1st, 2nd, 3rd and 4th place)

[Dallas]

Those odds are for the Bookie win markets

Bookies don't usually have separate win and place markets so if you want an each way bet the bookies use the win odds to calculate the place portion as follows

Non-Handicap Races
2 - 4 Runners: Win Only (1st place only)
5 - 7 Runners: A 1/4 the odds over 2 places (1st and 2nd place)
8 or more Runners: A 1/5th the odds over 3 places (1st, 2nd and 3rd place)

Handicap Races
2 - 4 Runners: Win Only (1st place only)
5 - 7 Runners: A 1/4 the odds over 2 places (1st and 2nd place)
8 - 11 Runners: A 1/5th the odds over 3 places (1st, 2nd and 3rd place)
12 - 15 Runners: A 1/4 the odds over 3 places (1st, 2nd and 3rd place)
16 or more Runners: A 1/4 the odds over 4 places (1st, 2nd, 3rd and 4th place)

Y, thats wht i was asking RentonT where he thought he saw the Peter compare Exchange win to Bookie E/W prices in his video.

Ie, in the image posted on the previous page 5/2 (or 9/4 for some) are the bookies win odds for 'Mount Mews' - this is not the E/W price.

[RentonT]

Apologies, I understand Peter was comparing win only bets. And he didn't talk about what if you want to place an each way bet.

The bookmaker odds are not a win only market though like the exchange prices because as pointed out they are used to work out the each way terms and the bookies accept each way bets at those prices. This is why the book won't be 100% like exchange win only. The exchange has a separate e/way market, not talking about the place market, but the actual each way market and the prices here minus 5% commission are very close to bookie prices.

If the bookies did have a win only market like the exchange market where they did not accept each way bets then it would be different but comparing the two isn't straight forward.

But I can understand that Peter was only taking about putting a win only bet on and he used horse racing and the examples cleverly.

Bottom line are the exchanges are better especially if you want to put a win only bet on horse racing.