Dutch betting is a way of spreading your risk across a series of competitors in the same race or event. By placing a stake in favour of or against some key individuals after carefully calculating the odds, you can strategically bet in a manner that allows you to mitigate your risk when putting money down and help ensure steady winnings with each pay-out.
‘Going Dutch’ allows you to place a bet with a greater degree of confidence and provide you with a back-up plan if things don’t pan out as expected.
Dutch betting is a flexible means for you to not only ensure that you receive an increased pay-out while making sure that you have stronger odds of winning. If you’re willing to put the legwork into figuring out your odds and making sure that you’re comfortable with the variables in play, it can be an extremely useful tool in your utility belt.
Why Dutch Bet?
Dutch betting is most often used in events where it is difficult to determine a winner, but there are very strong odds that a number of competitors or runners are placed to finish strongly.
Alternatively, If you are able to narrow or earmark potential on the board this allows you to then place a stake against them and back other runners on the field.
However, it is important to remember that ‘Dutching’ lives and dies on your ability to calculate this spread correctly and be able to make an informed decision about what stakes you should place. As with all of the more labour intensive gambling techniques, this will take time and effort to get right, but can pay out absolute dividends if you learn to choose correctly and make sure to protect yourself whenever possible.
How to Apply a Dutch Bet
Let’s pick a scenario where you may be tempted to use Dutching and what your potential outcome may be.
So, imagine you have taken your partner’s family for a night out Greyhound racing. In order to make them a little extra spending money, you decide to step in and make a bet on their behalf. They hand over £50 total and step back to watch you work.
As you’re gambling with someone else’s money, you want to make sure that they see a return – ideally one that will remain constant so you decide to Dutch the entirety of their stake. You know that two value-for-money dogs are running, ‘Double’ fixed at 4/1 and the other ‘Dutch’ at 2/1. As you got a good tip-off about them when you first arrived, you feel confident taking the stake on them and place the bet.
In doing this, you split the stake of £50 between the two dogs with £31.25 on ‘Dutch’ with his 2/1 odds and the remainder of the wager on ‘Double’ with the longer 4/1 odds at £18.75.
With the bet made, the race begins. As you watch the race you know that in placing this stake you will end up with two outcomes.
If either dog finishes, once everyone has stopped celebrating, your partner’s family will have pocketed a return of £93.78 due to how you have chosen to spread the winnings. Due to the ratio of odds, the winnings will remain constant.
However, if neither dog ends up finishing, unfortunately the £50 stake will be lost and they will see no profit from the winnings.
So, we can see that if Dutching is applied correctly it can provide coverage and make sure that you receive a consistent return. However, as the scenario involving a loss above shows, there are potential pros and cons for every methodology.
a) Insurance or an Extra Flutter
For some punters, Dutching proves to be a very effective way of being able to back a hunch and a commonly touted winner. This allows you to lay a bet on a good tip and follow your gut when it comes to a good opportunity or outside shot.
b) Increased Win Probability
In splitting your stake, Dutching will allow you to spread your bet across as many stakes as required to ensure a return. However, while this increases your chances of winning it is important to remember that it will lower your overall pay-out when one comes through.
c) Modern Technology
As with all gambling, there is no such thing as a certainty, but Dutching will allow you to minimise that. When balancing, and reviewing figures, Dutching can prove to be difficult to calculate on the fly. A lot of the legwork can be taken out of this by searching for ‘Dutching calculators online’. These are often available through all reputable online sites and can be used to quickly and effectively.
a) Reduced Win on a Concentrated Bet
Arguably the biggest disadvantage of Dutching is that it offers a higher degree of certainty for a win at the cost of a reduction in pay-out. Even if your biggest earner comes in for you, any profit obtained will have the loss from your other stakes racked against it. This means that, often, Dutching is best used on a narrow selection rather than through offering a wide spread across the board.
b) Potential Complexity
While technology can help simplify a lot of the complexity, ensuring that the odds and choices work for you is something a computer program cannot do on your behalf. Whether it is better to back a smaller number of certainties or a wider number of outsiders is something that you will only be able to work out yourself through practice and experience.
c) Risk of Loss
As with all punting, there is always a risk of loss when laying a stake. In order to make this work for you, Dutching allows you to minimise this risk as much as possible. However, the risk of loss is always there and should therefore always be used within your budget.
Questions? Then just ask them in the comment section below: