An article in the Racing Post of November 16th highlights information showing that the starting prices returned from British racecourses are now the best value of any time in the last four years .
The average starting price overound for October was 1.48 which is the lowest it has been at any time since May 2006 . The lower this figure the better value for the punter and less value for the bookmaker and the October figure is the lowest ever except for a period of 9 months during 2005-2006 . That was a period when because of the accelerating impact of Betfair , margins for bookmakers were at their lowest ever and a review was carried out which led to the system of collecting SP information from racecourse bookmakers being changed and resultant higher margins .
Patrick Nixon , Chairman of the Association of British Bookmakers pointed out that “ten years ago , overounds of 1.7 or 1.8 were considered disastrous”for bookmakers.
However the value for punters is even greater now because as Nixon states”the betting market has become more competitive with off course bookmakers offering many special deals , including guaranteed best odds , margins have been further eroded with odds offered better even than the official SP .
More and more punters are choosing to take early prices now because of the best odds guarantee offer which is terrific value . Bookmakers currently offering best odds guaranteed include :
Horse racing betting is now better value than ever and with the help of offers like best odds guaranteed you can dramatically increase your chances of taking money off the bookies .