- Dynamic Odds is the market-leading price comparison and betting tool
- Learn to use the advanced tools in Dynamic Odds to assist you in landing the best price
In this fifth and final part of this series on getting the best price, I finish on price monitoring and how to use the best tool in the game – Dynamic Odds.
Price monitoring is the process of watching the market throughout the day to back your selection at the best fixed odds. It’s what most of the pros do to get the best price they can, and one of the true challenges of the punt. It would be nearly impossible to watch 15-20 individual bookmaker sites at once but thankfully, odds comparison tools such as Dynamic Odds are there to help!
Dynamic Odds is central to any racing punter who monitors prices, and has multiple useful tools.
First and foremost, it lets you see the prices from multiple bookmakers on the one screen. Even better, it lets you bet through the software, so you can snap up the best price in seconds, rather than miss it because you backed it “the long way”. The software highlights the best available price.
Punting is a competition between bookmakers and punters, but it’s also a competition between punters, so the quicker you can grab the best price, the better.
Dynamic Odds: Fluctuation charts
Fluctuation charts, or “fluc charts”, are graphs that plot the price movement on a selection over time. Fluc charts are useful because they give you a visual overview of the direction a price is moving in.
Bookmakers are starting to incorporate fluc charts into their sites, which is a welcome development. However, Dynamic Odds is the screen I look at the most, so I use their fluc chart. Not only is it convenient, but it has some useful features as well.
You choose one bookie to create your “fluc chart” on Dynamic Odds. You want to choose a popular bookie that takes lots of bets. That improves the chance the prices are accurate and reflect the marketplace. You also want a bookie with multiple fluctuations because the more fluctuations a bookie has, the smoother the fluc chart will be, which makes it easier to see the trend the market is moving in.
Dynamic Odds: Fluc chart bookies
I tend to use Sportsbet as my default fluc chart bookie. It’s the market leader in Australia, a high-volume bookie and contains multiple fluctuations.
Betfair is useful once the market is liquid. It contains more fluctuations and its prices are arguably more accurate given that all punters (and bookies) can bet and lay there. Another reason I like Betfair is that sometimes it moves first before the corporates.
There’s a third interesting option called “Betfair WAP” (Betfair Weighted Average Price). Betfair WAP is a measure of price movement and volume. It creates an exceptionally smooth chart and has the most price points. In my experience, it can show you trends before they happen but can be slow to react at the same time. I tend to swap between the three bookies.
You can also choose the time period to show fluctuations from, e.g. >Open, >9 am, <30 min. That can be useful to eliminate any moves from the day before that can be misdirecting, or focus on movements since 9 am or the last 30 minutes.
Dynamic Odds: Hovering
Dynamic Odds will show you the fluctuations on a bookie when you hover the mouse above a price. Fluc charts provide decent overall trends but can sometimes not tell the whole picture. I like to see the fluctuations themselves to confirm the direction in which a selection is moving. Hovering often gives a better insight into the direction a horse is moving than a fluc chart.
Hovering also shows you the time the fluctuation occurred and whether the firm or drift has happened over the entire day or in the last 5 minutes. The time a fluctuation occurs is important because if it’s happened in the last couple of minutes, you need to be on the lookout for the next one.
Dynamic Odds: Runners watchlist
Dynamic Odds lets you add horses to a “Runners Watchlist” and set price alerts that trigger an alarm when a horse changes price. That lets you do something else during the day and get an alert when a price has moved. You may miss the price on that bookie but chances are that another bookie will have the same price and you can back it there.
In the last 10 minutes before the jump, price moves are so frequent that it’s impractical to set price alerts. In that case, watching price moves manually is the best approach. Prices will flash red when a price firms and green when a price drifts. That gives you a good clue when a horse might be firming or drifting overall… especially when prices across multiple bookies are flashing the same colour.
Just be careful not to overreact to one flash of red. It’s easy to think “red, it’s firming, back it!” Check the fluctuations by hovering your mouse over the price. Was it a random minor move and just hovering around the same price? Was it a big move and about to get smashed? Are the fluctuations trending in that direction and the horse is starting to get backed? It’s usually just a minor random fluctuation, but of course, you need to be on the lookout for real moves.
Most moves are minor but you need to be on the lookout for big price moves, because that usually indicates a price is about to be hammered. When I say “big price moves”, I mean prices that firm two or three rolls in one fluc. For example – $6 to $4.80, or $15 to $12.
Bookies are linked in the modern game (ie, they monitor one another’s prices), so when you notice a big price move on one bookie, you need to act quickly before the other bookmakers follow suit.
Large differences in price between bookies can indicate a horse is about to firm or drift. Some bookies play games and firm a favourite to attract attention, or just always have awful market percentages. But large differences in price between the popular bookies can indicate the direction in which a horse is about to move. Hovering your mouse over the prices will help confirm that.
Same price, multiple bookies
When there are two or more bookies with the same price, wait to back your selection. There’s a possibility one of those bookies will drift further, and if one of them shortens, you can always back your horse on the other bookie.
The exception is when the bookies are owned by the same company (or have a relationship) and display the same prices. Examples include TAB and UBET, or Ladbrokes and Neds. In those cases, you have to make a call about whether the price will firm or drift because when one price moves the price on the related bookie will be gone.
Watch the live stream
Watching the live stream can be useful when you want to back a drifter. Races often start after the scheduled start time. That extra time allows your horse to drift to a better price. Horses can often drift considerably after the scheduled start time.
Most state racing bodies and bookies provide broadcasts for free, so you can use those. Just be aware that most “live” streams have a delay (5 – 15 seconds). The worst-case scenario is waiting so late that you miss your bet and it wins. Dynamic Odds has the actual race time and you can figure out the delay from there.
When it’s past start time and your selection is drifting, but you’re nervous you’ll miss your bet, then Betfair SP is a top option. Betfair is excellent for drifters and you’ll often get the best price available. It’s nice backing a horse and watching it firm but it’s also nice watching the price drift on Betfair SP, especially when the fixed odds pre-scheduled start time were so much lower.
Getting The Best Odds
Part 1: Intro
Part 2: Betfair
Part 3: Which dividend type?
Part 4: When to bet?
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