Dropping odds is when a bookie offers an attractive betting proposition, so much so, that most of the punters flock towards those odds. With most punters putting their money on that one bet, the bookies need to cover themselves in case the event results sways in the punters favour. Therefore, the bookies will lower the price of the other odds in a bid to make the alternative bet a more attractive option and as such, drive more players to place money on that bet and level the betting playing field for the bookmaker.

Dropping odds goes both ways

Or it could work the other way around, if the odds are dropping, it may mean that the odds of the favourite are getting lower. Let’s say a football team are 1.3 to win and then the vast majority of the betting public place their money on the underdog, then the odds will begin to drop on the favourite. This opens the gate for intelligent bettors to pick up on the drop odds, if the bettor knows that the favourite to win the event should be favoured at 1.3 but the odds have dropped to 1.5 then they can place a wager that can prove to be nice and profitable.

What else could dropped odds mean?

Dropped odds can also be a sign that the strength between the opposing team has taking a turn. This can be anything to do with the team news, injuries, management changes, the weather, new signings etc. So, if the odds take a turn in direction, then it could well mean that the value is gone in the bet. Any bettor should be wise enough to work out if the value is lost in the bet or not, this will come from knowledge of that particular event.

Why do bookies drop the odds?

Every time you place a wager with the bookies, it’s you against the bookmaker. If all the punters are placing the same bet, then their money is all going on one outcome and if that outcome comes through for the punters then they will walk about with a tidy profit, while the bookmakers will take a heavy loss. The bookmakers are doing everything they can to make sure you lose your bet, while keeping the proposition of the bet somewhat attractive for the punter.

Bookmakers want your money and to level out the bets on both outcomes of the event, the bookmaker will drop the odds of the other bet in a bid to entice more punters to put their money on the other option. This ensures that the bookmaker has levelled their bets and will therefore make money on the bet, regardless of the outcome of the event.

How do you find the dropped odds?

In a thriving betting world where the punter and the bookmaker collide, both trying to outsmart each other, there are plenty of ways to find those dropped odds. Odds change every second, odds never stop moving and if you place your bet at the right time then you may just find yourself making a nice profit.

There are many sites that feature all the dropped odds for that day. These sites provide you with plenty of statistics, including what percentage the odds have dropped. Dropping odds are displayed like stocks and shares, green usually highlighting the odds that have got longer and red usually highlighting the odds that have got shorter. Punters usually team up and help each other out, so you can find plenty of hype around dropped odds on the internet, word soon spreads when favourable betting opportunities occur. Remember, odds are always moving, so it’s only a matter of time before they change again, for better or for worse.

Do odds drop across the board?

If one bookmaker is seeing a huge influx of bets on one outcome of the event over another, that doesn’t mean that all bookmakers will have the same experience. You can find dropped odds by comparing the odds at various bookmakers. Comparing odds of different bookmakers is something punters should do before placing a bet, regardless of dropped odds or not, it’s just a smarter way to bet. If one bookie has dropped odds and the other bookie doesn’t need, then there could be a nice betting opportunity for you.

It’s not all “dropped”

However, just because you have found plenty of dropping odds, doesn’t mean it’s wise to put your money down. You still need to know why these odds have dropped in the first place. Was it because the bookmaker needed to level the playing field or was it because the team news will affect the performance of one particular team? The only way the punter is likely to know this is if they carry some decent knowledge of that sport and those teams in particular. This is why you should only place bets on dropped odds if you are familiar with the event itself.