An Explanation of Dutch Betting
Have you ever been in this situation in sports betting before where you feel as though team A is quite strong but not strong enough to beat team B, but you don’t see the match ending in a draw too?
Yes, we all have.
You look at one player as the favorite to win a match, but the strength of the underdog gives you a cause for concern, but you're so sure the game cannot end in a draw, which means someone has to win. But who? You aren't too sure. So you decide to back your initial gut and go with team A; unfortunately, team A loses, and now you cannot help being furious at yourself for not trusting your other instincts.
Anyways that’s in the past now. But to do better the next time you find yourself in a similar situation, please read this post till the end.
What is dutching?
Imagine if you were able to back both team A and team B to win the hypothetical fixture illustrated above, while still winning the same amount of money, how would you have felt?
Extremely excited, right? Yes, that’s exactly what you get when you play a dutch bet.
Sounds surprised? You need not be.
Dutching is a situation whereby a punter can back more than one outcome in the same event to win the same amount regardless of which of those selections wins.
But, of course, like every betting strategy out there, dutching is not without its downsides. So let’s take a look at some of the advantages and downsides of dutching.
More winning bets
When you play a dutch bet, it simply means that you’re covering more possible outcomes. And when you’re able to cover more than one outcome in a given event, your chances of winning will be greatly enhanced.
Dutching helps you create a way where there seems to be no way. For example, let's say you want to bet on a match, but you're finding it hard to separate two possible outcomes. Dutching may enable you to make these situations pay, instead of taking on more risks by backing just one outcome.
Reduction of profit
Unfortunately, dutching reduces your net profit. The more selections you cover when dutching, the more you decrease your total odds. Dutching helps you reduce your risk, no doubt, but it also dilutes your profit in the process. So you need to decide whether this offers you more ROI before moving ahead with it.
How to dutch
Calculating the stakes and winnings for dutch bets
Imagine in a football game, the odds on the two competing teams at an agen judi online are 11/1 and 3/1. With a total stake of $100, it might be tempting to simply split this into two $50 bets; however, should the 11/1 team win, your returns would be much higher. The solution is to reduce the amount staked on the horse with higher odds and increase proportionally the stake on the other until the winnings are equal. The math behind this is as follows:
- First work out the implied probabilities from the odds
- Implied Probability of an 11/1 runner = (1 / (11/1 + 1)) * 100 = 8.33%
- Implied Probability of an 3/1 runner = (1 / (3/1 + 1)) * 100 = 25%
- Work out the stakes
- Amount to stake on the 11/1 runner = (8.33 / (25 + 8.33)) * $10 = $25.0
- Amount to stake on the 3/1 runner = (25 / (25 + 8.33)) * $10 = $75.0
Now with the stake split evenly the amount returned should any runner win is $300
Top Tips for Dutching
Don’t Dutch outcomes for the Sake of Dutching More
There are still those who will include a 100/1 outcome in their dutch bet for the sake of it. There’s no point reducing your profit by $2, $7, $9 just so that you can include that 100/1 horse in your bet.
Yes, it might sound good boasting to your friends that you’ve dutched seven of the ten horses in a horse race, BUT are five of those seven horses among the favorites? Or have you just dutched them so that you can have many selections? Yes, there are there occasional situations where a 100/1 horse might go on to win. But guess what? These things happen once every blue moon.
Always have a selection Method for Picking the outcomes you want to Dutch
Before you go-ahead to include any selection in your dutch bet, you need to have a well-defined selection method or criteria in place so that you don’t just end up picking horses or outcomes in a sporting event based on what your friends are saying or because you like the color of the team jersey or the shade of the horse.
A typical selection method can feature factors such as the following:
Form of the horses
Odds of the horse
Previous results at that particular track
And so much more!
Never let out the favorite
Dutching is an opportunity for you to reduce your risk, not for you to become a "strong advocate for the underdogs." As much as the odds on most favorite outcomes aren't always enticing, it is still best to include them in your dutch bet because they’re made the favorite for a reason. And not including them in your selections means that you’re carrying more risks than you need to.
More often than not, some punters try to avoid including the favorites in their dutch bets because they think that they will have huge profits by not including the favorite. Yes, this may be true. But you need to also remember that including them in your dutch helps you reduce your risk to a large extent.