This article analyses the dropping odds. We will explain what the term means and what kind of strategy you can employ to have more chance of success with your betting.
What Are Dropping Odds?
On a very basic level, these odds are simply the price of an event shifting downward. The odds are getting shorter – meaning that you would receive lower winning returns if your bet is successful.
There are many different reasons why these odds might occur – and there is a wide range of reasons for different sports. Horse racing markets tend to fluctuate more than other sports, so you would see odds constantly shift before the race starts. Many punters will have their own odds strategy to deal with this.
But football – the most popular sport to bet on – also experiences this kind of odds. This will be because the bookmaker has new information to change the odds. Or it could be that there has been a surge in betting on a particular market. The bookie will change the prices to reflect that and minimize the risk. That is why you could see a dropping odds 1X2 market, for example.
Dropping Odds Strategy
A shift in the odds might seem to be a negative thing for bettors. But when you have dropping odds explained, you will understand that there is the possibility to use it to your advantage. Developing a dropping odds strategy is crucial here. You need to be able to adapt to the shift and make your own dropping odds prediction.
One vital piece of advice when it comes to these odds is to sign up with a number of bookmakers. Or, at the very least, regularly check more than one site. Odds will tend to change across the industry – but some sites will be quicker than others. If you are checking across a number of bookmakers, you can spot the first change early and bet accordingly.
Most good online sports betting sites have a cash out feature available these days. This is where you can take some or all of your winnings from a bet even before the event is finished.
The odds will be changed to reflect your action – but it does mean that you can take something from a bet that might not have offered anything. Spotting this kind of odds and then cashing out might mean that you get a better return than waiting for the event to end.
Bet On the Underdog
There is always more money to be made from betting on the outsider. But the very fact that they are the underdog makes it more unlikely for them to be successful. But with these odds, it does mean that you will probably experience a lengthening of your price. Admittedly, this is a risky move, but there is a chance of better returns.
Bet Against Dropping Odds
This option might not be open to all – it depends on whether your chosen bookmaker accepts this kind of bet. But you can sometimes bet against things happening as well. Exchange betting can be quite tricky for newcomers though, so make sure you understand what you are doing.
How to Calculate Dropping Odds
To make a prediction, you need to understand odds and movements in the market. For example, Liverpool’s odds of beating Everton changing from 2/1 to 1/1.
Recognizing the change early can be used to help with beating the odds and giving yourself the potential for better returns.
Where Can I Bet on Dropping Odds?
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Read the answers to some of the frequently asked questions.
As with all sports betting, there is no guarantee of winning. Noticing that this kind of odds can inform your selections and that allows you to maybe have a better chance in betting. But no strategy can guarantee success.
When the odds for a market start to shorten, the odds will be dropping. For example, Roma’s odds of beating Lazio might change from 3/1 to 2/1. You can then decide whether to change your odds 1X2 bet accordingly.
When you notice that odds are dropping there are a number of strategies you can employ. But the actual betting process is just the same. Just decide on a market, make a selection and decide on a stake.
To have a better chance of noticing when odds are dropping you should keep an eye on a number of different bookmakers. Once one changes its prices, the others are likely to follow. So the trick is to be very aware of these shifts and make your bet – or change your selection – before the majority of the sites have changed their odds.