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A bar in horse racing is a term used to indicate horses that are not quoted individually by the bookmakers or the betting platforms. These horses are usually considered to have little or no chance of winning the race, and therefore are not given specific odds or prices. Instead, they are grouped together under a single price, which is usually the highest one available for the race. For example, if you see a betting market like this:
This means that Horse A, Horse B, Horse C and Horse D are quoted individually, and you can bet on any of them at their respective odds. However, all the other horses in the race are not quoted individually, and are grouped together under the bar price of 20/1. This means that if you bet on any of these horses, you will get the same payout of 20 times your stake if they win.
The purpose of using a bar in horse racing betting is to simplify the betting market and to save time and space for the bookmakers or the betting platforms. By using a bar, they do not have to quote every single horse in the race, especially those that have very low chances of winning. This way, they can focus on the more popular and competitive horses, and offer more attractive odds and prices for them. By using a bar, they can also avoid having to update the odds or prices for every single horse in the race, especially when there are changes or fluctuations in the market.
For the bettors, using a bar can also have some advantages. By using a bar, they can have more options and opportunities to bet on the race. They can bet on any of the horses that are quoted individually, or they can bet on any of the horses that are grouped under the bar price. By using a bar, they can also have more chances of finding value and making a profit. Sometimes, the horses that are grouped under the bar price may have higher chances of winning than their odds suggest. For example, if a horse that is grouped under the bar price of 20/1 has actually a 10% chance of winning the race, then betting on it would be a good value bet.
Using a bar in horse racing betting has some benefits for both the bookmakers or the betting platforms and the bettors. Some of them are:
Using a bar in horse racing betting also has some drawbacks for both the bookmakers or the betting platforms and the bettors. Some of them are:
In the world of horse racing, the term “a bar” holds a distinct place, signifying those horses that bookmakers or betting platforms do not quote individually. These horses are typically viewed as having minimal to no chance of winning the race, and as a result, they are not assigned specific odds or prices. Instead, they are grouped together under a single price, usually the highest one offered for the race.
The primary purpose of employing a bar in horse racing betting is to streamline the betting market and economize on time and space, both for the bookmakers and the betting platforms. By employing a bar, they avoid the need to quote every single horse in the race, especially those with slim winning prospects. This approach enables them to concentrate on the more popular and competitive horses, providing more enticing odds and prices for the bettors.
For bettors, utilizing a bar offers several advantages. It broadens their betting options, allowing wagers on either individually quoted horses or those bundled under the bar price. This approach increases the chances of discovering value and achieving profitability. In some cases, the horses grouped under the bar may have better winning prospects than their odds suggest.
However, it’s essential to acknowledge the drawbacks of using a bar in horse racing betting. It reduces the information and transparency of the betting market, making it more challenging to compare and analyze odds or prices. Furthermore, it elevates the risk and uncertainty associated with betting on relatively unknown or unquoted horses, potentially limiting the potential profit and value of wagers on individual horses. Thus, a bettor should comprehensively understand the implications and effects of utilizing a bar in horse racing betting before placing their bets.