WHAT IS DUTCH BETTING?
Dutch betting is a betting strategy that gamblers have been using since the 1920’s to gain an edge on the bookies. The method involves backing more than one selection in a horse race or sporting event so that the returns would be equal regardless of which selection won. The amount staked on each selection would be determined by the odds and probability of each selection winning.
By backing all the selections that punters think have a chance of winning Dutching can reduce the risk of losing. The strategy still requires some handicapping so that punters can choose all the selections they think have a chance of winning. The more selections backed would mean the bet was lower risk.
THE DUTCHING CALCULATOR
The Dutching calculator assists bettors with their strategy by working out how much should be staked on each selection and determining if there is an opportunity to make a profit.
Once all the potential winners have been identified you simply need to enter the odds of each selection and the total amount that will be staked. The odds of each selection decide the probability of it winning and then the amount that should be placed on it can be calculated. The potential profit and return if any of the selections win will be roughly the same, although there could be a difference of a few pence.
No matter whether you prefer to see odds in fractional or decimal odds, the tool allows you to change the settings so you can see the odds type of your choice.
FRACTIONS VS DECIMALS
For a great number of horse racing fans, the use of fractions is the traditional way of viewing the odds for the runners and riders, but the use of decimals is something which has grown significantly across recent years, too. The concept operates on the straightforward notion that you simply multiply a stake by the decimal shown and the outcome will be your total winnings. For example, if you place a £1 bet on a horse with odds of 4.00, you will get a return of £4.
While the use of decimals may seem very simple in that respect, it is worth bearing in mind that the concept offers up one fundamental difference in comparison to the use of fractional odds. When it comes to decimal odds, your stake is always factored into the return that you calculate but this is not the case when following the fraction method. In terms of the latter, if you put £1 on odds of 4/1 you will receive £4 in profit but also get your £1 stake back too – so £5 in total. As such, the fraction allows you to work out your winnings, but you will also need to factor in that your stake will also be returned to you as well.