Dropping odds refers to a situation where a bookie adjusts their prices to replicate actual probabilities of the outcome of an event or to balance out their commission. Since odds are often posted some days or weeks before the start of a game event, dropping odds is not a bad thing.
Therefore, if you notice that there is a consistent drop of odds during the day, it does not mean that something spectacular is happening or something is suspicious. However, if you notice a major change in odds, such as over 20% change in about 70% of reputable bookies on the internet, it often means that something significant is happening. It will be in your interest to find out more about it and place your bet on it.
How to Use Dropping Odds
You can use dropping odds to your advantage and the best part is that it is easy to place a wager with it. All you have to do is understand the basics of the movement and you are ready to go. In this post, we will look at how to use them and improve odds in both pre-game markets and in-play conditions.
Pre-game Odds Market
To use dropping odds here, you should know all there is to know about the league or team you want to bet on. To do this, review the odds published on the bookmaker’s website for the forthcoming match event. With an understanding of the league or team, you can quickly identify any errors on the odds and also anticipate matches that their odds will drop before the event starts.
If the event has a cup or European fixture between it, the drop can be quiet and significantly profitable. For instance, if Tottenham is hosting the Wolves the following Saturday and the bookie predicts a smooth success for the Spurs, the home win will be about 1.70, draw at about 3.75, and the Wolves winning at 4.33.
However, if both teams have been slated for European games during the week and different scenarios play out, it will affect the odds. If one of the team suffers losses or injury during the midweek game events, there is a high chance that the odds will be affected. By Friday morning, you may discover that the odds for away win or draw will drop and a new set of odds will be set.
This means that if you had anticipated and bet that the Wolves will win on Monday, you may discover that they are winning. Players that hedge their bets or cash out at this point would have successfully made the first decision on dropping odds betting.
You must check the updates of the matches that you are interested in to be able to take advantage of the situation. Check if there is a change in the formation of the team, an injury to a team member, the weather conditions, and other important details.
In-Play Dropping Odds Situation
For live betting, winning with dropping odds is more complicated. You need a clear plan and strategy and you should follow it to the end. To take advantage of in-play dropping odds, you must watch the match and watch the way the bookie makes changes to initial odds to cover possible mistakes and protect his business from potential major hits.
You should expect a lot of corrections and alterations, and you should be ready to benefit from any miscalculations from the bookmaker. To do this, you must first do your homework and understand every aspect of the game.
Conclusion
Using dropping odds requires strategy. To make the best of it, stick to only one sport per time. This is because you have to learn a lot about the sports and teams that you want to bet on. With all that you need to learn, it is almost impossible to do it for multiple sports.
