Predicting odds can be a useful skill for bettors at the Betfair Sportsbook and Exchange. While many websites offer virtual tools that analyze data from databases, there are simpler approaches that are just as effective.
Here, you’ll find out how to predict odds movement on Betfair by reading the charts provided by the Exchange. You’ll also discover how to anticipate the movement of prices by taking the odds on different outcomes into account.
But more than anything else, it’s recommended that you use your intuition to bet how you see fit.
Read on for more.
How To Predict Price Movement On Betfair
Predicting the movement of prices on Betfair can be a difficult task without the use of virtual tools that do all the work for you. If you would rather leave the analysis and data consumption to the AI, there are plenty of options on the internet.
For those of you that want to learn how to predict odds movement without the help of a tool, here is your first tip:
Use graphs on the Betfair Exchange. Betfair provides a number of helpful charts and tables to provide customers with better insight as to what the most popular prices are, the current volume on particular markets and the most recent bets.
To access these graphs, head to the Betfair Exchange and select an event. Click on the small bar chart accompanied by a jagged line trending upwards. Below are some key points on how to predict odds movement using Betfair’s charts.
How To Predict Betfair Odds Movement
- The Price/Volume Over Time chart tells you the overall trend. Using this, you can see how the market came to its current price and see where it may go in the future. Often, the greater the volume, the bigger the prices.
- View the Prices Table. This table displays the most recent price, as well as the next three odds, with their current liquidity. Look out for the best prices on this table to see where the market may go next.
- Examine odds on other markets for the same event. By viewing the odds on outcomes that have not yet occurred, you can get insight into the future movement of odds. An example can be found below.
- If the odds on a team scoring two goals are low before kick-off, you can make an educated guess that the odds will rise by halftime if no goal is scored. You can use this information to bet on teams conceding goals and shots.
- Utilize statistics on players and teams. If a team typically scores in the first half but fails to net in the first thirty-five minutes, the odds of that team scoring will likely rise as the recent trend has not been followed.
- Are better prices getting matched? If the answer is yes, you can assume the market is moving in a new direction and betting at the current price may not be a good idea.