The concept of tissue price evolved into a technical sport like horse racing, which developed particular terms due to the growing demand from sports bettors. Bettors pick their horses based on probability figures to raise their chances of winning.
Bettors picking tissue price are faced with the challenge of a calculated estimation of chance. Therefore punters should further study the numbers, the risks, and consequences of making the right decisions to enhance durability in a potential long sports betting career.
PICK HORSES BASED ON ACCURATE PROBABILITY
A set of prices that are constructed from ratings converted to probability is called tissue prices. It is a set of odds where the rating is converted to a percentage, thus making calculating the tissue price easier.
The way of pricing up a race to create a bettor’s own odds for each horse can be done by creating his own betting tissue. Punters can then compare the odds with sportsbooks and pick horses that may be overpriced.
(For example, if a bettor calculates that a horse should be around 2/1 and it is on offer at 7/1, then he or she has earned a value bet.)
PRINTED TISSUES OFFER DISTINCT EDGE
The history of tissue prices goes way back to when printers created single sheets of tissues to supposedly give bettors a key advantage when they placed their money on a certain horse or when these punters took the bets off others. Racing newspapers called The Tissue, among others, were even published by enterprising individuals for this cause.
If a horse has a 20% chance of winning based on a probability figure, for example, then that is also known as 5/1. Once a horse is calculated to have a probability figure of 25%, then such equates to around 4/1.
A Racing Post is described as a guide to a tissue price, or a betting forecast that is provided based on their estimation of chance that can be found at the bottom of the race card for each race. Bettors also get to see in the guide what the race reader defines as “fair odds” for each runner, which is shown in a fraction form.
TISSUE PRICES GIVE BETTOR CLEAR PICTURE OF CHOICE
Bettors can get a clear idea of making the right choices of horses for their bets by having a good set of tissue prices, which can give punters a long-term profit.
However, prices provided by bookmakers do not assure giving punters the most calculated chances of a certain horse, as the market – or bookies in particular – only serves as a guide, and the bettor should still make the final call.
Punters are reminded that making a long-term profit is about taking high risks following moves by the market since tissue prices are so prohibitive. By the time a bettor is on the edge, being punted has long been gone, as the market can only point to the direction of a winner on some occasions.
FIND VALUE BETS THROUGH TISSUE PRICES
A horse that is 5/1 on a bettor’s set of tissue prices, he can then back it at 10/1, thus enabling him to create a major advantage over the market. This is why tissue prices are effective in helping spot value bets.
The main objective of a smart bettor is to make a substantial profit over time – and this can be done by getting 5/1 shots than collecting several 10/1 shots of winning horses. Bettors should learn to pick horses that are way overpriced and punting them odds that will benefit them more than the sportsbook.
Remember, punters who wipe out the bookie margin and place the profit potential firmly in their wallet go a long way in developing long-term habits that can lead to consistency in winning.