What are ‘Loud Odds’?
Loud odds is a betting term, and it appears most often in horse racing. It refers to long odds on a likely bet – a horse that is tipped by the pundits as likely to win, but which is currently offered by the bookmaker with a wide margin for profit. For example, a runner at 100-1 which is being lauded as a potential winner could be said to have ‘loud odds’.
‘Loud Odds’ Explained
Horse racing is a popular betting sport. Bookmakers will offer a series of odds against all competitors in any national racing event, and players can select their predictions for winners by placing a cash stake against the odds posted. The shorter the odds, the greater chance of victory for the player. However, the profit margin will be reduced accordingly. For example, if a player posts a £1 stake against a horse at 2/1, they will receive £3 back for a win: their original stake plus two times their bet. However, if a player posts a £1 at 20/1, they receive £21 back – the £20 profit plus the stake itself.
Players often look for advice as to which horse is worth betting on. Insiders in the sport, statistical analysis experts and professional gamblers often offer race ‘tips’, or predictions for winners. These tipsters or pundits might describe a horse as having ‘loud odds’. This means ‘long odds’, or having a low chance of winning and therefore being a risky bet. A long odds bet might run at 50/1 as opposed to 8/1, for example. If the pundits are tipping a horse with long odds for the win, it might be said to have ‘loud odds’. This means that the horse is a risky bet but it offers a reasonable chance of success, and that the current odds will result in a good payout for any bettor.