Shortening Odds vs. Drifting Odds Explained | Odds Drifting vs. Shortening Odds 🎲

You’ve probably heard of odds shortening if you’ve ever played at an online sportsbook. What does the odds shortening mean, though, for those who haven’t? Is odds shortening beneficial or detrimental to the ordinary bettor, and what are the distinctions between odds shortening and odds drifting?

We’ll go through how to shorten odds and why these fan favourites can be excellent for you in this betting guide on odds. We’ll also expose you to some of the world’s greatest bookmakers. Check out our “betting odds explained” page for more information on how to use the power of sports betting odds.

If you’re interested in learning more, check out our tutorial on the meaning of shortened chances.

What does the term “odds shortening” imply? ✔️ 

The term “odds shortening” may be defined as a reduction in the number of possible odds.

Shortening the odds makes them less profitable for players because the chance of something happening has increased; on the other hand, if a bookie lengthens the odds from their starting price (we explain how the starting price works in our SP in betting article), they believe the chance of something happening has decreased.

When it comes to low odds vs. high odds, it is the high odds that make the most money. You’re more likely to win if the chances are low, however the payouts will be lower.

Shortening of horse racing odds is the most likely scenario. Other sports seldom see their odds cut as regularly as horse racing.

What is the process of odds shortening? 📝

Now that you’ve learned what odds shortening is, it’s time to learn why odds shortening occurs in the first place. Bookmakers may opt to lower the odds on anything for a variety of reasons.

  1. The bookie may reduce the chances because new information has been discovered that affects the probability of something happening, making an event more plausible.
  2. This can also occur when a large number of people place bets on the same wager. The bookmaker may believe that the players are aware of or have seen something they do not.

Both of these are reasonable causes for the probabilities to abruptly decrease.

Of course, if you want to become a seasoned sports bettor, you’ll need to learn other betting terminologies in addition to odds shortening. We offer guides that go into the principles behind “accept all odds movement,” the ideal staking plan for low odds, closing odds methods, and more. However, as long as you understand the fundamentals of odds shortening, you’ll be well on your way.

What is the difference between odds drifting and odds shortening? ⚔️

Shortening and odds drifting are two sides of the same coin:

  • You’re dealing with lowering odds when the chances are shortening.
  • However, the odds may change from time to time. Longening is another term for odds drifting.

For example, if a horse is a favourite to win, he will naturally have low odds, commonly known as short odds; yet, if the jockey has a cold on race day, gamblers may begin to favour other horses.

  • As a result, the odds on the initial favourite will change (get longer).
  • It’s critical to stay current with current events in order to notice these improved chances as they occur, so let’s take a look at that next.

Spotting horses with shortening odds 🏇

How can you tell if the odds are shortening or drifting? It’s critical to learn how to recognise horses with dwindling odds. In the run-up to a tournament, some players spend hours tracking the markets. A steamer is a horse with plummeting odds, although this might signify one of two things:

  1. On the one hand, it may be a horse about whom the bookmaker has received fresh information, resulting in a change in odds.
  2. It might also be a horse that the public likes, and the bookie has had to cut the odds to prevent having to pay out large sums due to the overabundance of bets.
  3. It’s also possible that the horse’s genuine chances of winning haven’t altered at all. Instead, groups of individuals (typically on social media) post blogs and rumours to draw attention to the horse, generally in order to divert the public’s focus away from their own wager. Consider wagering against popular opinion in these situations.

Studying the markets, reading what is being said, and checking out the advise of tipsters are the greatest ways to uncover steamers and determine which horses with shorter odds are worth betting on. However, we have a few more suggestions for you, which we will discuss next.

You should be aware of the following top methods for reducing odds 💵

Here are our best gambling advice for betting on shorter odds, as promised. They are as follows:

Tip: Pay a visit to a tipper. They typically have a decent grasp of where things stand, such as what the best odds margins are. They’ll also give you their best guess, known as a NAP. This is the quick response to the question, “What does NAP imply in betting?”

👉 Keep an eye out for non-runners. These have the potential to cause devastation. It’s possible that a horse’s odds have lowered because it’s set to be pulled.

👉 Always look for bookies who promise the best odds.

👉 While knowing how to read soccer odds is beneficial, learning about horse racing odds in particular can help you discover the best horses to back. To increase your profits, take advantage of guaranteed deals and hunt for betting companies that give cash out choices.

The Benefits and Drawbacks of Shortening Odds 🙌

Every component of gambling has advantages and disadvantages, and odds shortening is no exception. Among the items on our list are:

PROS

• Shorter odds may increase your chances of winning

• Most bookmakers notify you when odds are reduced

• It also applies to live sports betting

CONS

• With shorter odds, your returns will be lesser

• Shortened odds may simply be bluster

FAQ

If you still have questions regarding odds shortening, we’ll try if we can answer them in our quick FAQ.

What is the meaning of odds shortening?

The odds offered on a wager will shorten if the possibility of an event occurring increases. This is known as odds shortening, and it implies that while you’re more likely to win, your payout will be less than it was before.

Is it possible for fixed odds to change?

Normally, no. Future fluctuations are generally protected by fixed odds. There are few exceptions, but they are uncommon.

Is it possible to utilise tools to keep track of chances that are getting shorter?

There are a number of online programmes that evaluate odds shortening, and they may be used to discover the greatest offer

 Is it necessary for me to constantly bet on a steamer?

No. Before you can accomplish that, you must first understand why a horse has turned into a steamboat. If it’s because you’re more likely to win a race, you might want to try it. You should avoid this if it is rumor, hearsay, or plain unsubstantiated gossip.

 

Michael Adams
Experienced writer in iGaming Industry. Worked for the big companies in the industry, now I took the challenge to grow with a new company and a new website. The future is bright and I am happy to be part of it!

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