There are many people who enjoy placing bets on horse racing events. We consider ourselves to be some of them. However, there are also multiple different betting methods that can be put to use when it comes to placing wagers on such events. Fortunately, we know of these and are able to inform you on such. One popular method is known as dutching. This one basically ensures that whenever you wager on a certain number of horses, you make the same amount of money regardless of which horse actually wins. Because of this, it does actually require a bit of mathematics to be put to use.
Even though that is the case, it can be an extremely useful system to put to use if you have a specific amount that you wish to stake, and you also want to back multiple selections. Of course, as with any betting strategy, it’s not something that will instantly be possible to do. You’ll need to know the general rules behind dutching and how to utilise it effectively enough. So, the dutching system will be explained to you right here.
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Using the Dutching System in Horse Racing Betting
Some horse racing betting systems can be fairly difficult to make use of, but dutching is not specifically hard. It’s just that it requires some calculations to be done prior to placing any bets. In order to make sure that it’s an effective enough betting system, you need to make a decision on how much you would like to wager first. Then, figure out how you can split this amount up into several stakes that will guarantee you a profit.
To put this into simpler terms, let’s say that you have a possible wager amount of £15 to go on. You see that the two horses that you wish to back have odds of 9/1 and 4/1 respectively. The calculations that you need to do exist in three different forms. First of all, you need to calculate the implied probabilities. This means that you need to divide the selection odds price + 1 by 1 and then multiple it by 100. For example:
- 1 divided by 9/1 + 1 multiplied by 100 equates to 10%.
- 1 divided by 4/1 + 1 multiplied by 100 equates to 20%.
You then need to calculate the stakes that you should place, which is an equation of implied probability (as worked out above), divided by the sum of the implied probabilities multiplied by £15. So, in our example this would be:
- 10% divided by 20% + 10% multiplied by £15, which equals £5
- 20% divided by 20% + 10% multiplied by £15, which equals £10
So, you need to place a wager of £5 on the first horse and £10 on the second. And if you want to calculate the winnings that you’ll get from such wagers, another simple calculation is necessary. This is the selection stake multiplied by the selection odds price. You then minus the total stake from this to calculate the winnings on the selection. For example:
- £5 x (9/1) – £15 = £50. Then, £50 – £15 equals £35 in winnings.
- £10 x (4/1) – £15 = £50. Then, £50 – £15 equals £35 in winnings.
Utilising this system ensures that you’re covered for whatever outcome happens in the race. It sees that you will receive the same profit from either horse winning. The normal temptation would be to split your £15 in half, with £7.50 on each. However, the dutching system cancels out any sort of heavy risk, providing you with a profit in either instance.