Pricing

Median odds, top, bottom and spread — the OddsHistory summary columns

Top is the highest price across the bookmakers covered for a runner or selection; bottom is the lowest. Median is the middle price (more robust than average), and spread is the gap between top and bottom — a one-glance read on how much disagreement there is in the market.

On every comparison view in OddsHistory you'll see four summary columns next to the per-bookmaker prices:

  • Top — the best (highest) decimal price published across the operators covered. This is the price you would actually take if you walked through every site one by one.
  • Bottom — the worst (lowest) decimal price. Useful for spotting operators that are reliably tight on a market.
  • Median — the middle price. With ten bookmakers covered, this is the average of the 5th and 6th prices when sorted. We use median rather than mean because it isn't dragged by a single stale price or an outlier promo.
  • Spread — top minus bottom, in points. A three-point spread on a $5.00 runner means a noticeable disagreement; a five-cent spread means the market is tight.

Median is the right anchor for "what is the market saying right now". The overround we quote on every market uses median prices for this reason. And spread is the simplest way to see when there is room to look for price movement ahead of the rest of the market.

Worked example

Six bookmakers price a runner at $4.20, $4.30, $4.40, $4.50, $4.50 and $5.00.

Top = $5.00. Bottom = $4.20. Median = average of $4.40 and $4.50 = $4.45. Spread = $5.00 − $4.20 = $0.80. The mean would be $4.48 — close to median in this case, but the median wouldn't have moved at all if one of the operators had published a stale $7.00 by mistake.

See it in action

Open the horse racing odds tracker for live and 30-day historical prices across Australian bookmakers.

Horse racing odds tracker

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