A bookmaker’s maximum bet tells you how much it will accept at the quoted odds. A raise means bigger bets are available; a cut means smaller bets. Limits add context to a price move, but they do not tell you why the book changed its odds or what will happen next.

- the market that moved
- the maximum bet before and after
- raised or cut, and by how much
Limit raised
- Bigger bets are available
- Check whether the odds changed too
- Does not mean the book is backing the selection
- Does not prove the odds will keep dropping
Limit cut
- Smaller bets are available
- May reflect uncertainty or risk management
- Does not explain the reason on its own
- Check the price and other market activity
Of the reference books the Terminal tracks, Pinnacle is the one that publishes its limits, which is why it is the default and why the Limit Changes screen leans on it.
Reading a raise
When Pinnacle drops its odds and raises its limit, it is accepting bigger bets at a shorter price. Watch this alongside the price movement, but don’t treat it as proof that the move will continue.
Steam looks for odds drops accompanied by a change in the betting limit. Check whether the limit went up or down—the filter includes both. If you use these alerts to bet on further movement, track those bets separately to see whether the approach works.
Reading a cut
A limit cut means the book is accepting smaller bets. It may be managing its exposure or reacting to uncertainty, but the cut alone does not tell you the reason. Check what else has changed in the market.
Where to find it
The Limit Changes screen lists raises and cuts as they happen, and is available on the Pro plan. You can also use limits without it: the Limit column sits beside every drop in your feed, and a profile can require the maximum bet to have moved before a drop reaches you at all.
Read next: The two ways to use a drop, Example profiles for each approach.