I’ve been asked many times how to value and price British sports and racing odds, and until recently I always had such complicated forms to answer with. Not anymore! It all comes down to one simple question: “What is the corner range in betting?”
In the world of British sports and racing betting, the “corner” is the area from 1 to to 1.1 to 1.2, and so on. To put it another way, the corner is the range of starting prices that gamblers will place a bet on at at a bookmaker’s when they land on a single number. For example, the Newmarket Corner is the range of odds from 1/1 to 1.1/1 to 1.2/1 to 1.3/1. The longer the corner, the more complex it becomes, and this is reflected in the prices. When it comes to valuing British sports and racing odds, this is more important than you might think. In this article, I’ll run down the various ways in which you need to know about the corner range, how to value it, and what to do with it when you find it.
Corner Ranges Are Varying
One of the main things that anyone who values and trades in British sports and racing odds needs to keep in mind is that the corner range is always varying. This means that even though the general rule is that the longer the corner, the higher the price, this isn’t always necessarily the case. Let’s take the example of the Newmarket Corner again. The longer the range, the more complex it becomes. As a result, the prices can vary quite significantly, especially at the shorter ends. For instance, the odds and ends of the Newmarket range can vary by up to $2,500 per event! When working with the corner range, you need to remember that there is always the possibility of some significant variation in price, especially at the shorter ends. On the other side of the spectrum, the longer the corner, the less likely it is that there will be significant variation in price. With longer corners, it’s usually safe to say that the prices will stay the same or decrease slightly. This is mainly because as the corner gets longer, the more of a demand there is for that end of the range. For example, the longer the corner at 100/1, the fewer the number of people who want to bet at those odds, and as a result, fewer people are willing to pay those higher prices. Sometimes it gets to the point where the longer the corner, the worse the price, as there are fewer and fewer people willing to bet on those events.
More Than Meets The Eye
If you’re wondering how to value and price the British sports and racing odds, you might be tempted to look at the odds themselves. In theory, the longer the odds, the higher the price, right? Not so fast, my friend. The fact is that there is more to the story, and this is one of the reasons why the longer the corner, the more complicated it becomes. Even though there is no exact science to figuring out the exact value of the corner range, you can usually look at a number of factors to get a good idea of what is going on. Let’s take the example of the Newmarket Corner again. As we’ve established, the longer the corner, the more complicated it becomes, and this is reflected in the prices. One of the most important things you need to bear in mind is that there is a lot more to the story than meets the eye. When people talk about the value and pricing of the British odds, they are not just talking about the odd-amount-strange-numbers that represent the bet. The fact is that there are various other considerations that you need to bear in mind, such as margins of error, exchange rates, and more!
Oddly, The Sharper The Corner, The Lower The Price
It’s important to keep in mind as well that the sharper the corner, the lower the price. Why is this important? Let’s look at the Newmarket Corner again, this time focusing on 50/1 odds. At these odds, there tends to be less demand, and thus fewer people willing to bet on those events. As a result, there is less of a price differential between the ends. In other words, the 50/1 ends are cheaper than the 100/1 odds. If you look at the 100/1 odds, you’ll notice that they are fairly evenly spread between the two ends. This is mainly because there is more demand for those odds at the higher end. As a result, it is typically cheaper to buy odds at the higher end. However, as we’ve established, the longer the corner, the more complicated it becomes, and this is why the 50/1 ends are cheaper than the 100/1 odds because there are fewer people who want to bet at those higher odds. In other words, it’s a case of supply and demand, and supply is outweighed by demand at the higher end, making it cheaper to buy 100/1 odds rather than 50/1 odds.
A Few Tips On Figuring Out The Value Of The Odds
If you’re working with the British odds, and you want to figure out the value, it’s advisable to use a tool that specializes in doing just that. The only problem is that many of these tools require you to input a number of variables, and these can sometimes be a little bit tricky to find out. Fortunately, there is a simpler – albeit less scientific – way of looking at it that doesn’t require you to enter all of these variables. One of the best free tools for this particular purpose is the Corner Price Calculator, which is maintained by William Hill (one of the best known bookmakers in Great Britain). You can use this tool to figure out the value of the British odds without having to go through all of the effort of manually entering all of the variables. In fact, you can enter the event, the location, the odds of winning, and how much you want to bet, and the tool will do the rest. It will then tell you what the price of the bet should be, given those variables. In most cases, this is going to be very close to what you would figure out manually, but without all of the effort. This is a great free tool to have, and it can help you figure out the value of British odds, as well as any other type of odds you might be dealing with.
Trading The Odds
Depending on what kind of trader you are, you might want to trade the odds rather than value them. There are various ways in which you can make money from trading the British odds. For instance, if you want to take a long position (that is, you intend to buy), you could look at taking the shorter odds in cases where you think that prices are going to rise. However, the longer the odds, the more likely it is that prices are going to decline. As a result, you could enter a short position (that is, you intend to sell), especially if you think that prices are going to rise. This is a form of short-term speculation that is quite profitable, and it is something that you should definitely look into if you want to make money from betting. Naturally, you need to be aware of the risks involved, but for the right kind of trader, the rewards can be extremely great.
One Last Thing
There is one last thing that you need to keep in mind about the value of the British odds. As mentioned, the longer the corner, the more complex it becomes. However, there are also situations where the shorter the corner – or even one-off odds – can be quite valuable. This is again because there is less of a demand for those odds at the higher end, which makes it cheaper to buy them rather than trying to sell them. The main issue with these kinds of odds is that they are more susceptible to change, as there is often more of a chance of something going wrong. This can make it more difficult to value and price them, especially at the shorter ends. Nonetheless, if you are in a situation where you find yourself in a corner, even if it’s a short one, it might be worthwhile to make a quick buck!