What is Book Price? Book Price Betting Explained

The book price is the general term for any odds on any bet that your chosen bookmaker is running.

This applies to all sports that a sportsbook is running and can also be used to describe the overall price of an accumulator or any special bets such as Super Yankee.

The book price moves as punters lay bets on a specific event. The bookmaker sets the initial starting price, but then adapts to how the market is betting.

For example, the book price of a football match between Manchester United v Huddersfield may have the away side’s starting book price at 20/1, but if that price sees plenty of action, a bookmaker will often reduce those odds.

Our Favorite Sportsbook Providers For Book Price Betting

1.

4.6/5

Bet365 Review

Bet $1 & Get $200 in Bonus Bets

Players from Virginia accepted

Visit Site

T&Cs apply, 21+

Bet $1 and Get $200 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+

2.

4.6/5

BetMGM Review

100% up to $1000

Players from Virginia accepted

Visit Site

T&Cs apply, 21+

3.

4.5/5

BetRivers.com Review

100% up to $500

Players from Virginia accepted

Visit Site

T&Cs apply, 21+

4.

4.5/5

PointsBet Review

5 x $50Bet Credits

Players from Virginia accepted

Visit Site

T&Cs apply, 21+

5.

4.5/5

FanDuel Review

Get up to $1,000 back in bonus bets

Players from Virginia accepted

Visit Site

T&Cs apply, 21+

How is Book Price used in Sports Betting?

The book price in sports betting is the first step to placing any bet as whatever price you see on a bet, is that bookmaker’s book price.

For example, in horse racing, prior to an event, the starting price and book price are essentially the same thing. However, as the bets get laid on the horses in the field, the book price will adapt to market value whereas the starting price will not.

It’s important to remember that quite often the initial book price will often be the best and it is said that if you can, get on a book price earlier before punters laying down bets start to effect and often reduce the book price.

Did you know…

When UFC fighter Conor McGregor and boxing great Floyd Mayweather announced they would meet in a boxing super fight in Las Vegas, naturally McGregor was a huge underdog.

To begin with, the book price was anywhere from 12 to 20/1 on a McGregor win. However, as most punters backed McGregor as it offered value, in the run up to the fight, the book price had shortened to roughly on average 5/1.

See also

Fixed Odds Betting

Hedging

Multiple Bet