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On feature races \u2014 the Champion Hurdle, the Gold Cup, the Grand National, Saturday afternoon handicaps at major tracks \u2014 the exchange market is deep enough that you can back at the displayed price without difficulty. Over time, backing at exchange odds rather than bookmaker odds produces a measurably higher return on investment, assuming you can find liquidity on your chosen market. Where a bookmaker might offer 5\/1 on a horse with a 120 per cent book, the exchange might show 5.5 (or 9\/2 in fractional terms) on the same runner with a total market overround of 103 per cent. The overround on the Grand National ante-post market can reach as high as 180 per cent \u2014 a level that would be considered predatory in any raceday market.<\/p>\n
It is a skill that separates profitable punters from those who slowly bleed their bankrolls to bookmaker margins. Finding the best horse racing odds in the UK is not a matter of luck. Now that you have a basic understanding of how odds work, and the different ways they are represented, you can compare them online and get the best bet possible. The money line is mostly used by the American bookies, which clearly displays an underdog, and a favorite.<\/p>\n