Competition is generally a good thing. As you’ll have worked out from the huge volume of advertising you see every day, competition among bookmakers in Australia is fierce.
There’s a number of ways the bookies will attempt to differentiate themselves from their opposition, and that can usually lead to some wins for you if you’re smart about where you place each of your bets.
Best Tote / SP
When online bookmakers first came to Australia, off-course punters largely bet on the tote. There weren’t many other options! So bookies wanted a way to attract tote punters to their sites so they could sell them their fixed odds products. Some bright spark came up with the notion of ‘Best Tote’.
Australia of course has three separate totes, each paying their own dividend. Paying out at the best of the three is an attractive offer for the tote punter: they get the same payout as their home tote anyway, except if one of the other two has a higher dividend, in which case they do better. No brainer.
(As an aside, if you’re still one of those punters still betting on the tote, stop immediately! You’re doing yourself out of cash. Place your tote bets with a corporate bookmaker, almost all of them offer best tote).
The Best Tote offer evolved, and most bookies now offer Best Tote / SP on metro racing: the best of the three totes or the official starting price, whichever is higher.
Top Fluctuation was traditionally offered by on-course bookies. It pays at the highest fluctuation of the official price during immediate pre-race betting. A good deal, the only catch being you have to place the bet before on-course betting traditionally opens (usually 30 or 40 mins before the race).
Nearly all corporate bookies offer top fluc on metro racing.
Best Of The Best
As the name implies, Best of the Best (BOB) is the ultimate dividend type: it pays at the higher of Best Tote / SP and Top Fluc.
This highest dividend product is obviously a very low-margin proposition for bookies. This means a couple a things: firstly, it’s generally only offered when wagering volumes are at their highest: Saturday and metro feature meetings. Secondly, unlike other ‘Best Tote’ offers, not all bookies offer it given the potential losses they could incur.
This has meant that Best of the Best isn’t as widely or immediately recognised by many punters.
If you’re a typical horse player you’ll be doing a fair bit of betting at these feature meetings. So cash in!
If you’re betting Top Fluc, if you’re betting on (God forbid!) your local tote, even if you’re betting Best Tote/SP… in the long-run you will ALWAYS do better with Best of the Best.
If an analyst is advising Top Fluc or Best Tote on some of their bets on feature meetings (and the Champion Bets racing analysts do), you’ll beat their results by using Best of the Best.