How we Review Online Betting Sites
The concept is fairly straight forward, every runner is listed under each race with the current fixed odds for a range of Australian bookmakers listed side by side.
Punters select the highest odds for the horse they want to back in the race and place their bet. The reality however is very different. When considering the time, effort and risks involved with using Odds Comparison websites and the size of the benefit, which is actually zero or even worse for most punters, their appeal diminishes significantly.
Time, effort and risk One of the key challenges for punters who choose to use an Odds Comparison website to achieve the best odds in a race is the actual work involved.
With over 30 bookmakers in Australia, and Odds Comparison sites displaying fixed odds for about 16 of them on average, punters need to go through several steps to simply set themselves up for an opportunity to benefit from the information. The initial steps involve:. On race day the punter needs to log in to each betting account so that they are ready to take immediate advantage of the prices that are being offered by a particular bookmaker and keep a note of the betting balance for each account to ensure that they have sufficient funds to bet with the next time they attempt to use that account.
Drilling down further into the process required to benefit from comparison tools, you begin to realise some of the pitfalls. Punters never know which bookmaker will have the best fixed odds at any one time therefore, in order to ensure they are ready to get the best odds, they need to fund each of the betting accounts on the Odds Comparison screen.
They both lose so now that account has a nil balance. The next race has the same bookie with the best price but you are out of cash in that betting account so you are forced to take the next best price with another bookie where you have funds in your account. Consequently, you do not get the best fixed odds for that horse at that point in time. Alternatively, you have to do more work to top up various betting accounts throughout race day.
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