"Close" odds

  • Hi, signed up to Coral, Betfair, Smarkets. Almost ready to go. One question; what would you consider close, or tight, odds between the back and the lay? In your blog you mention, several times, “the odds are nice and close” or “tight”. When do the odds become non viable? Are 0.0 – 0.5 reasonable parameters? Thanks.

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    Matt
    Keymaster
    1486

    That’s a fair question @warwick.

    0.0 – 0.5 isn’t necessarily a good rule of thumb, as it depends on the odds.

    If you’re looking to match a free bet, you should be searching for high odds. In that instance, 8.00/8.50 and 10.00/10.50 would be great matches.

    On the flip side, if you’re looking to place a qualifying bet, you should be searching for low odds. In that instance, 1.50/2.00 and 2.00/2.50 would be poor matches.

    ‘Close odds’ just means odds that enable us to minimise our qualifying losses and maximise our profits.

    As a general rule, try and restrict your qualifying losses to around 5% of your stake amount and look to extract around 80% from any free bets.

    Hope that helps.

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    Warwick 0

    Excellent, thanks Matt.

    +0
    Matt
    Keymaster
    1486

    For more information on how to place qualifying bets and free bets, please see my dedicated guide pages…

    Qualifying bets > https://matchedbettingblog.com/qualifying-bets/
    Free bets > https://matchedbettingblog.com/free-bets-guide/

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