Dropping Odds could be a bitter experience for new bettors. The last-minute changes in a side, a managerial change, or a change in playing conditions could lead to dropping odds. With the marquee T20 World Cup 2022 coming up in a few days, we could see more dropping odds in action from different bookmakers.
The odds could drop when the majority of bettors place their bets on a defined outcome. Subsequently, the T20 World Cup 2022 kickstarts on October 16, 2022. The first match will see Asia Cup 2022 champions playing against Namibia in the first round of the qualifiers.
The Super 12 group stage matches start October 24 onwards with hosts Australia up against New Zealand. Online betting will increase considerably throughout the tournament. So, in this article, we will discuss dropping odds in brief. We will also discuss a few examples to counter the losses due to dropping odds.
Dropping Odds Review
Dropping odds can be interpreted as a method that bookmakers use to either:
- Adjust their costs to display the true probabilities of the bet, or
- To balance his commission rate
The odds are usually placed days before a match. So, dropping the odds could be the right thing to do, especially during a big event like the T20 World Cup 2022, where anything can happen. When a particular outcome gets more hits, the bookmaker drop odds to satisfy the market demands.
As a bettor, you must not worry about small dropping odds. But, during a significant change in the odds, there is a definite problem. It is something you must learn quickly before you place a bet.
Types of Dropping Odds for T20 World Cup 2022
If you understand the concept of placing a bet using dropping odds, placing bets becomes easy. There are different strategies involved while placing a dropping bet. These include:
Pre-Game Odds Movement
The T20 World Cup 2022 is about to start in a few weeks. Sri Lanka will face UAE in their second qualifier stage match. Now, assume that the bookmakers predict a clear win for Sri Lanka in that match.
So, let’s say the winning odds for Sri Lanka are around 1.70. The odds for UAE winning the game would be around 4.33. In addition, the odds for a draw match resulting in a super over would be 3.75.
Before the UAE game, Sri Lanka will face Namibia in their first qualifier match on the opening day of the T20 World Cup 2022. Now, suppose Sri Lanka shockingly loses to Namibia, and they also lose key all-rounder Wanindu Hasaranga through an injury.
On the other hand, UAE had an easy win against the Netherlands in their first T20 World Cup 2022 game. The UAE coach even rested a few of their key players. Hence, a day before Sri Lanka vs UAE game, you can see the odds turn in favor of the UAE. The new set odd will be 2.00-3.60-3.50.
Thus, if you have bet on UAE to win the game, you might be already winning. Now, if you cash out or make a hedging bet, you take the first step of dropping bets. Any injury or a team change, weather conditions, etc would be a great chance for you to grab.
In Play Dropping Odds
During Live Betting, winning the dropping odds is not easy. You must have an idea about using the dropping odds In-Play. The first clear strategy to do the same is to follow the game. There will be times when the bookmaker will make some changes to overcome his mistakes in the initial bets. So, plenty of modifications will be done.
As an active bettor, you must be quick to pounce on these changes. To do that, you must watch the entire game closely. Learn about the opposition players, pitch, weather conditions, and team formations.
Also, remember that the special market odds drop every minute. Thus, you should be alert to counter the changes, once the odd drops by 15%.
Lastly, we can confirm that there is no perfect strategy to win the dropping odds. The task becomes impossible, especially if you bet on a variety of sports. So, for a start, you must choose one particular sport to bet on.
For an important event like the T20 World Cup 2022, the dropping odds will be visible in the first few matches alone. The teams will be priced as per their rankings by the bookmakers. As the days pass, it becomes clear whether your favorite team will progress further or not. In this case, the odds will drop.