When it comes to online sports betting, punters are constantly looking for strategies to reduce the overall risk and maximise profits. Dutching is one such strategy that has been proven to show profitable results if done correctly. The process of dutching basically involves backing multiple selections within the same event to ensure a profit is made at the end.
What is Dutching?
The idea is that when a punter uses the dutching system, he or she shares the risk across several selections to ensure that no matter what the outcome is, some sort of profit would be enough to cover the total stake and make a bit extra. In New Zealand, dutching is most commonly practised with horseracing sports betting as multiple horses can be backed on the same event.
Like any online sports betting strategy, dutching has its advantages and disadvantages. Because each selection will have different odds, the first step is to calculate how much to bet on each selection to ensure the profit carries the stake. The downside of dutching is that the profits are generally much lower than regular bets as there are multiple stakes to absorb with the winnings.
The 3 Main Dutching Strategies
Another potential problem with dutching is that it can take a bit of time to place all of the selections, in which time the odds could change and the bet will no longer work. With online and mobile sports betting, there are 3 main types of dutching strategies.
The first is simple dutching which is where each stake remains the same regardless of how many sections are used or what the odds are.
The second strategy is set-amount dutching. This is where online sports betting punters decrease the stake for each selection as more selections are added. Effectively, this keeps the stake the same no matter how many selections are added or taken away.
The third dutching strategy is called profit-target Dutch betting. This is where the stakes are increased as more sections are added to ensure the profit stays the same.
Calculating the Total Percentage
It is important to note that dutching can only turn a profit when the total odds of each selection do not exceed 100%. The best sports betting brands keep their books at percentages over 100% to ensure they make a profit. The first step is to convert the odds into percentages. You can do this by dividing 100 by the odds. For example, odds of 2.5 = 100/2.5 = 40. When all the selections are added up, the total percentage must not exceed 100.
A Practical Example
Let’s take a look at an example of simple dutching in online sports betting. In this strategy, we reduce our stakes with additional runners to protect the profit. If we are backing 3 runners at odds of 4.00, 5.00 and 10.0, then we could calculate how much must be staked to ensure a consistent profit while absorbing the additional stakes.
In this case a bet of $25 at odds of 4.00 would yield a profit of $45 once the stakes have been taken off. With the second runner at 5.00 odds we would need to stake $20 for the same profit and finally we would stake $10 at 10.00 odds to get the same payout. If done correctly, dutching provides more consistent wins than searching for the best football odds for major games.