Betting Odds & Price Types

The Types Of Odds & Prices

In 2024, there are a large variety of different odds and price types available to the Australian punter on all racing codes (Horses, Harness, Greyhounds) whereas only Fixed Odds (FO) are available on other sports. There are advantages and disadvantages to all of these different odd and price types. The articles in this topic discuss Fixed Odds (FO), Tote Odds (TO), Starting Price (SP), Betfair Starting Price (BSP), Top Tote / Starting Price (TT+ or BTSP), Top Fluctuation (TF) and Best Of The Best (BoB). All of these odd types primarily apply to win betting but in some circumstances they apply to place betting too.

Finding The Best Odds

Australian punters have developed various strategies to secure the best betting odds, with one of the most popular recent approaches being the use of odds comparison tools. These tools display the odds offered by multiple bookmakers for each horse in a race, making it easier to identify the highest available price. However, before relying on such tools, punters should carefully weigh the costs, time, and effort involved in achieving a marginal price advantage. Additionally, they should consider whether these tools genuinely offer better value compared to the advanced betting types now available through Australian bookmakers. For sports betting, you can use our odds comparison tool to scan various head to head, total and handicap markets across sports.

Modern Betting Types

Australian bookmakers have introduced innovative betting products designed to simplify the process of securing the best odds while addressing the limitations of traditional Fixed Odds betting, the primary focus of odds comparison tools. These new betting options reduce the time and effort required to manually compare prices across platforms and offer built-in insurance against the downside risks of Fixed Odds. At the same time, they allow punters to benefit from upward price movements.

Rather than setting up a complex home setup with multiple screens to analyze odds trends across bookmakers, punters can take advantage of these advanced betting types to achieve similar or even better outcomes with far less effort.

The Advantages of Modern Betting Products

• Efficiency: Eliminates the need for extensive manual research by automating the search for competitive odds.
• Insurance: Mitigates the risks associated with price drops in Fixed Odds betting.
• Opportunity for Better Returns: Some betting products provide greater flexibility and the potential to secure higher payouts than traditional odds comparison methods.

By leveraging these innovative betting types, punters can focus more on the excitement of the races rather than the logistics of securing the best odds.