Fixed Odds Betting
 

I have never had a 'fixed odds' bet and was not too sure how exactly it works so could someone tell me if this is right or wrong;

(how I think it works)
The odds of the horse/dog you bet on are the odds you'll get no matter what
On 'all in' you can only bet win and place
If your horse/dog you betted on is scratched for whatever reason you do not get refunded

Thnaks ::)

correct.

My favourite form of betting. If your happy with the odds on offer, jump on. Plenty of times I have a bet on the gallops some horses in the first 3 in the market can be $1.40 - $1.78 the place. LOVE 'EM!!!!

Thanks. Yes I was thinking about jumping on one in the Perth Cup now. The favs are around 7s or 8s which I didnt think was bad. Does anyone have a tip or can anyone suggest any value in the Perth Cup?

Perth Cup latest fixed odds market:
BALLACK 7.00 2.50
MISSION CRITICAL 7.50 2.62
GILDED VENOM 8.00 2.75
ANNENKOV 8.50 2.87
BOLD SCENE 9.00 3.00
ESKIMO DAN 9.50 3.12
GUYNO 9.50 3.12
DOYOUDARE 10.00 3.25
BUTWAITTHERESMORE 13.00 4.00
ZAVITE 13.00 4.00
DAKAS GEM 14.00 4.25
READY TO LIFT 14.00 4.25
MIKALDICO 15.00 4.50
THE FUZZ 16.00 4.75
MAJESTICAL 16.00 4.75
EXHILARATING 16.00 4.75
DANTES DASH 18.00 5.25

I see what you mean Neverpromise, there are some nice place odds for the first few there arent there? So for example if I thought that Ballack was going to win this saturday at Flemington to impress his trainer and ensure that he goes over to Perth I should get on him now correct?

Puts in a good run in Melbourne might shorten.

I was just thinking and also wanted to know if anyone knows what the minimum fixed odds bet is?

Minimum is $1, just like normal tipping although once you select your runner you get the price at that point in time, doesn't fluctuate.

Are you sure? Because the minimum for tomorrows racing is $3, so wouldnt that have a similar sort of rule?

Ive been using sportingbet and have placed $1 fixed odds bets, not sure what TAB allows.

Yes that must be it then.

Over the counter it's a $5 bet.
But if you want to go each way it's $10.

As you can't go $2 the win $3 the place.

But it you have a tab account bet over the computer min bet $1.00

Oh so you cant do like $2.50 each way then? Because I know that you can do it on those betting machines.

Betfair is $5, IAS usually have a $1 minimum but sometimes increase that during high traffic days ie. Spring Carnival. Other bookmakers I am not sure of.

I am just back on the punt after a hiatus for about 10 years, got married had kids etc. The options available today are mind-boggling. In the old days, you either took the tote odds, or went to the track when you would compare odds and the tote in the 35 minutes before a race. These days you have a lot more time and can get some huge value. I had $9 on Swiss Ace @ $65 in the Oakleigh Plate. Tote paid $37.60 and SP was $31.

I like the way piglos punts. You get on early.
You pick your selection early, you look for the best price, put $$$'s on. I reckon if you wait till the last moment, you tend to change your mind coz the price becomes too short or the price becomes big and you think your selection is going to get beat.
Make your selection early, place your bet and watch the race. Hopefully you collect.

I used to punt like that all the time and got many winners. Just like piglos, I got married, had kids. Now the missus won't give me anything to bet with.

coops

Lol, sounds farmiliar for some reason.

The bottom line is, if you want to make serious money, take it seriously.

Do the homework. You can take shortcuts, bludge on bits of detail, but it will all cost you money in the longrun.

Have a consistent system. It doesn't matter if it is one that you follow in your head, on a formguide, or on a computer. Chopping and changing makes it impossible to see where you are heading. Which leads to:

Keep records. Keeping records is vital to know exactly where you sit. If you have a consistent system, and keep detailed records, even a slightly quirky system can find patterns that will return dividends.

If you arm yourself with these basics, you can then work your efforts towards where you should have the best chance of success, and then bet with confidence.

piglos, you seem to know what you are talking about.
Now give me a winner for tomorrow will ya.

coops

Coops I don't think I ever got to ask you did you get on my tips for the Saturday at MV the other week when you said on the Friday night before that you had a debt to pay off? Becuse if you backed them all you would have been able to pay off a fair debt.

Hussler mate, I did back them and yes I won enough and more to pay my debt and I thankyou.
Mate, buddy, pal, can you give me some more as I need the dollars to back a dog at Nowra on Monday called Race For Grace. This dog on the 20th of december last year was so far in front of the field it would have been re-kenneled before the rest of the field finished, but unfortunately broke down badly half way up the home straight. I hope it's injury has come good as this dog really fly's. It's having it's first start since that inciedent.

coops

You know how to load the gun and put it at my head don't you?

Caulfield is actually my most perplexing track, I usually bet on good overlays and occassionally something comes in at good odds.

My hopes will be with Northern Point in the JRA and Viallico in the last.