Why do horse odds change

Another reason why odds change as you get closer to the event is that you have more information available. For example in a test cricket match the odds of winning or loosing may change dramatically based on the outcome of the toss and so that isn't known until just before the start and so the odds will change. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group.

Create a free Team What is Teams? Learn more. Why do odds offered by the bookmakers tend to change rapidly during the last few minutes before the start of the game?

Ask Question. Asked 8 years, 2 months ago. Active 6 years, 5 months ago. Viewed 17k times. Why does this happen? Improve this question. Martin Martin 5, 7 7 gold badges 41 41 silver badges 81 81 bronze badges. As merging the sport betting proposal with this site is being discussed at the moment , one of the reasons I have posted this questions was to have more questions about betting here, so that we can see how they are received.

Blog post: What causes rapid changes in price as racetime approaches? Add a comment. The mutuel payoffs lists — so named because TwinSpires uses the pari-mutuel betting system — are another way of indicating to bettors how much money they will receive.

Unlike the odds format ie , , , as mentioned above , the listed mutuel payoff includes the original investment and not just the amount of profit. Therefore, for a horse at , divide 7 by 4 1. If a bettor wants to know exactly how much money will be returned to them from a successful bet, multiply the mutuel payout by the amount invested, and then divide by two.

Exacta: Predict the first two horses in a race in the correct order. Trifecta: Predict the first three horses in a race in the correct order. Exotic Wagers Most horseplayers still pick just one horse in a race to win, place finish in the first 2 or show finish in the first 3 , but others like to play more exotic wagers involving multiple horses in a single field in order to get better odds for their bet. Boxing Your Horse Bets A box wager means as a player you select the horses you want, 2 in an Exacta, 3 in a Trifecta etc, but cover all the finishing positions.

Calculating Horse Racing Odds Remember that the chances of a horse winning, and how much money should be paid out if and when it does so, are based on probability. Horse Race Betting How to Bet on Horse Racing. Horse Betting Terms. Horse Racing Odds Explained. Horse Racing Bet Types. Betting the Triple Crown. Handicapping Horse Speed. Kentucky Derby. Belmont Stakes.

Preakness Stakes. Breeders' Cup. Horse Race Schedule.