You have to compare the horse racing odds from different online bookmakers in order to place an educated bet.
If you are serious about betting on racehorses you need to understand the value in the odds comparison market.
But in order for you to understand whether these odds value for money, you must understand the betting systems.
Horse Racing Odds Comparison is a must for professional punters and this is where you need to have multiple betting accounts open.
Horse Racing Odds Comparison Betting Accounts
From our research here are the best betting accounts for you to analyse the horse racing odds comparison values:
New Customers Only. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Full T&C's Apply
New UK & NI customers only. 18+. Sign up using promo code ‘SPORTS60’. Deposit & place first sports bet at a minimum of £10 in one bet transaction at evens (2.0) +. £30 paid in free bets within 48 hours of bet settlement, expires 7-days after issue. Doesn’t apply to customers who place their first bet on the Virtual Grand National. E-Wallet & Prepaid Card restrictions apply. Your first bet must be settled within 60 days of bet placement. SMS validation may be required. Game restrictions apply. Maximum 30 Free Spins on selected games. Free Spins expire after 7 days. Full T&Cs apply. Full T&C's Apply
18+ New UK+IRE customers. PayPal and certain deposit and bet types excluded. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets valid for 7 days on sports, stake not returned, restrictions apply. T&Cs apply. Full T&C's Apply
18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply. Full T&C's Apply
New William Hill online customers only. Min. unit stake of £10/€10 at odds of 1/2 or greater. Only the “win” part from EW bets will count. Free bet terms, payment method & country restrictions apply. Free bets credited as 3 x £10/€10. Free bet stakes are not returned as part of the settlement of successful free bets. All Free Bets must be wagered within 30 days. Full T&C's Apply
New customers only. 18+, BeGambleAware.org. Min deposit £10. Money back as bonus. Wagering requirements: Sportsbook 3x at min. odds of 1.40 (2/5), Casino 25x. Only one bonus can be used at a time, Sportsbook bonus must be wagered before using the Casino, unless the bonus has been forfeited. Bonus will expire after 7 days of opt-in. Full T&C's Apply
Horse Racing Odds Explained
In the UK betting odds are displayed as fractions.
In the United States, betting odds are displayed as decimals.
Odds are an expression to show how likely something is likely to occur.
So for example, if there are 20 races for horses, out of which your selection horse win twice, what are the odds of you picking out your selection to win the race? There are 2 total chances of pulling out him winning out of 10, which is a 1 in 10 chance.
Betting Odds Examples
If a betting shop was to price your horse up in the next race his price should be 9-1 in odds if he has won 2 out of 20 races because you receive your stake back.
Bookmakers, or the bookies as some call them, will express these odds in a fraction or decimal.
The right side of the odds is your stake while the left side represents the Winnings for each unit.
So £10 win on a 9-1 chance will return you £90 profit plus your stake back so in total £100.
If the odds were decimals at 10.0 then these are identical odds so return the equivalent £100 winnings (as when betting in decimals this includes the return of your stake).
Compare Horse Racing Betting Odds
Now that you have a basic understanding of how odds work, and the different ways they are represented, you can compare them online and get the best bet possible.
When shopping do you analyse the best place to purchase your clothes and look for the cheapest price?
Of course, you want to shop around and find the best value for money to purchase your possessions.
The exact same mindset needs to be used when betting on horse racing where you compare the very best horse racing betting odds online.
There are dozens of online bookies all fighting for your custom so should around and use odds comparison sites to see where the highest odds are being offered.
Horse Racing Odds Comparison Checker
There are several articles related to checking your odds online to compare the best horse racing odds to punt on: