Cymatic Trader Community

Hi Everyone

Ok, I apologise if this is a daft question. I am not new to trading, although I'm not particularly experienced with horses. Today I was in training mode, and was trying to figure out the horse racing odds pre race, and something struck me as being not possible.

I have attached a screenshot, but basically the 4th placed horse had 11k matched and was at odds of 6.8. The 5th placed horse had 23k matched and was at odds of 8.0. How is this possible?? Surely the horse with the most money on it would be at the top, as more money on a horse means the price drops. So how can the horse with half the money on it be lower odds than the other??

I am obviously missing something here but not sure what.

Any advice would be great as I am baffled.

Thanks

The money that was matched on a horse might have been people offering to lay, their appetite to lay the horse might have pushed the odds higher. Then people who thought it was good value, decided to back it. So a lot of money on a horse doesn't mean a low price, it could push it in either direction according to the motivation of punters and which side of the book is being more aggressive in the market.

Kind regards,

Gavin