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Compare ante post odds for becoming a betting bookmaker

By on October 17, 2010 in Sports Fixed Odds Betting

Ante post odds are those that get published early by betting bookmakers. The phrase was coined in the horse racing industry and horse racing remains the biggest ante post market. Ante post odds can be used by those wanting to be their own bookmaker, a.k.a the amateur bookmaker. Betting on ante post odds can be used to create a sports book. In previous posts we have discussed the idea of becoming a betting bookmaker and how to use ante post odds to create a sports book. This post investigate various sports, events, and betting markets suited to ante post betting and building a betting sports book using Betfair.

The bookmakers compete with one another to get money wagered on one sports event or another. If they offer the earliest odds it serves as good advertising. Competition between bookmakers forces them to offer very early odds on some events. As more money enters a particular bet the risk to the bookmaker on that position increases, so they reduce the odds (and the potential winnings) until the money trickles in. Here lies the opportunity. One key method to making a sports book is to get long odds with a traditional bookmaker then hedging the bet if and when the odd shorten. The benefit of using ante post odds is two fold. First the odds are priced very early making difficult for an odds compiler or a punter on Betfair to know the real chances of that event actually happening. Secondly, ante post odds have a time value. Lots can happen to move odds in the period between when a bet is placed and the event. If the odds move the amateur bookmaker has an opportunity to secure a profit. Visitors should use the links below to get more information on ‘how to become a betting bookmaker’.

be a bookmaker with ante post odds

Compare ante post odds for becoming a betting bookmakerunratedEditor2010-11-10 15:54:39Ante post odds are those that get published early by betting bookmakers. The phrase was coined in the horse racing industry and horse racing remains t…
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Up the ante, antepost football odds for being your own bookmaker on Betfair

By on May 24, 2010 in Betting Exchange, Sports Fixed Odds Betting

Odds for the 2011 Premiership title are up on Betfair already. Before we start dive in to the subject of football antepost odds on Betfair first lets look at what this post will be about. For those who are unsure what antepost odds mean or for those who need a refresher we’ll look at the definition. As the post title suggests antepost odds can be helpful for people who want to be there own bookmaker. In this post we describe how ante post football betting on Betfair can be used by budding bookmakers. There is something for everyone here. Professional gamblers may pick up a tip or two and the novice will get one step closer to making a regular income on Betfair.

A complete guide to football betting on the 2011/12 Premeirship season.  Download this guide free courtesy of Secret Betting Club.  There is something for everyone.  Including some great tips using research carried out on home / away team results.  It will open in the browser window (otherwise right click and select save as, then open once saved).

In a recent post discussing what steps to take to become your own bookmaker we discussed the theory of how to be your own bookmaker. One of the difficulties with making this work in practice is balancing the book. Real bookmakers balance the sports book in order to guarantee themselves a profit. On individual events they may either be in profit or in a loss. In a sense they are taking a gamble. But the overall result of all the events they price should secure a profit. Anyone wanting to be their own bookmaker needs to have the same goal.

The amateur bookmaker’s sports book will concentrate on much fewer sports and events than the traditional type. Although, this is only limited by your bank balance. In the previous post, which you can link to below, we looked a some simple steps to making a sports book. Here we concentrate on using antepost odds to kick start a sports book.

What are ante post odds? The term originated in the horse racing industry. Bookies would price odds before the horse got to the post for ‘the off’. Now being used in more general terms, ante post odds can be found on various sports, including football. After the Premier League title fight ends bookmakers post their ante post odds for next season.

Football ante post odds on Betfair

Up the ante, antepost football odds for being your own bookmaker on BetfairunratedEditor2011-08-07 06:39:45Odds for the 2011 Premiership title are up on Betfair already. Before we start dive in to the subject of football antepost odds on Betfair first lets …
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5 Steps to becoming a bookmaker

By on May 18, 2010 in Betting Exchange

The Let’s Compare Bets blog has had a few requests recently about about how to become a bookmaker. At the Let’s Compare Bets main website we have written about pricing odds. It’s one thing to know some basics about pricing odds and but to become a bookmaker there are some key tips to use. This post looks at the 5 steps to becoming a bookmaker and has taken some snippets found on the price your own odds page at the main site. The price your own odds page examines how bookmakers aspire to have their cake and eat it. You’ll see what I mean.

5 Steps to becoming a bookmaker

5 Steps to becoming a bookmakerunratedEditor2011-03-15 14:10:44The Let’s Compare Bets blog has had a few requests recently about about how to become a bookmaker. At the Let’s Compare Bets main website we have wri…
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Guide to becoming your own betting bookmaker

By on December 22, 2009 in Sports Fixed Odds Betting

Is it worth trying to compile your own odds?

Find the best way to back your odds.

Compiling your own odds
Well this is what sports betting / investing professionals do. If you like sport we’d wager you’ve watched a sporting event and thought to you self a player or team had a good chance of winning. In a simple way this is compiling odds.. and not miles apart from the real thing. The difference is that you need to have a methodical approach to compiling odds, which you can repeat in order to come to an opinion about he event.
Think about it, are there enough good odds compilers to go round all the many bookmakers? The good odds compilers are stretched. If your professional in your approach you can spot mistakes and reap rewards.
In a nut shell, be methodical.
Prepare thoroughly to help side step the bookmaker at your chosen sport. Use specialised knowledge if you have it and research you chosen sport. Lets take tennis as an example. For a long time bookmakers odds did not reflect that Roger Federrer, all though impossible to beat on grass courts, is not top of his game on clay courts. This produced a gap between the bookies odds and the true odds. This gap is what you must find and ruthlessly exploit and is known as a value opportunity.

Tips for making your own betting book, compiling odds...

Guide to becoming your own betting bookmakerunratedEditor2011-01-09 07:37:42How do bookmakers dream up fixed odds for sports events. This guide helps gain insight into how bookmakers work and how you can use this to find value in fixed odds offered by bookmakers. Not to mention becoming your own bookmaker. This is now possible using a betting exchange like Betfair.
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