There are tons of strategies and methods for a bettor to be profitable, but in reality, what marks the difference from those who win to the ones who lose is the way they utilize each method. One of the options in this world is Dutching on online betting, and below I’ll explain the concept and how to utilize it.
What is Dutching on Online Betting?
Dutching is nothing more than a betting system, that looks to minimize the possibility of losing your stake as much as possible.
This action ends up, however, diluting your profit, having a much smaller margin of profits, since that in some markets you will win but you will lose on the others.
So, the strategy consists of looking at an event, searching for the possibilities on a market “X”, and that way try to find the unregulated odds on the several bookmakers.
This method is very often utilized in horse racing, greyhound racing, etc. which are sports that have very high odds, and possibilities of covering bets on the favourites.
Odds from a race on Bet365 and other bookmakers:
Horse 1: 2.20
Horse 2: 4.30
Horse 3: 6.50
Horse 4: 12.00
Horse 5: 18.00
Horse 6: 20.00
Horse 7: 22.50
Horse 8: 25.00
On this example, your analysis concluded that the Horse No. 1 is the big favourite, but those that have higher chances of making a tougher race and are able to overcome the favourite are horses No. 2 and 3.
Here, we utilize a calculator, in order to help us knowing precisely how much we have to invest on each option, to have the same returns with any outcome of these selected 3.
Let’s say that the amount we have to invest is 100.00$. Here, we split it into different stakes in each of our options in terms of favourites, in order to be able to have a profit independently of the final outcome.
Horse 1: 54.55$ | Horse 2: 27.27$ | Horse 3: 18.18$
In football, the concept would be the same. We take a match between two supposedly balanced teams but where we consider the odds to be slightly misadjusted between the bookmakers.
In our analysis, we understand that the home side is the favourite, and that the draw should be the other scenario more capable of getting in the way of that outcome. We then look for the best options amongst the bookmakers, to make our calculations and have a fixed return, in case any of these two outcomes is the correct one.
These were the best odds found for each possibility of this event. If on our analysis Tottenham has a very high likelihood of winning at home, and the draw is the other probable outcome, we calculate our stake, regarding the odds that are being offered.
Advantages and risks?
This system is quite simple, and it is very clear the risks and good possibilities it offers.
The advantage is that with deep analysis, or even with a good analysis during the event, we have the possibility of covering potential possibilities that wouldn’t offer us a profit in what we consider to be the most likely outcome for the event.
Keep in mind that, just like every other betting option, this method also requires you to study each match carefully, in order to know each possibility thoroughly and which market can help you cover in case your analysis runs into some problem.
In all of these options, we look for the best odds offered by the bookmakers, and we put our money into the ones that can generate us profit, according to our initial studies.
The great problem of this method is quite clear. In case there is an “upset”, we end up losing our money. Let’s say that these 100$ aren’t a high stake but just another unit of our bankroll.
Well, losing 1 unit is completely normal. But we have to analyse that, by diluting our stake into more than one option, we also dilute our net profit.
That means that we have got to have a good win percentage, in order for us to win money in the medium/long term.
In football, it is more common to see the underdog winning the match. We saw that the odds for the hosts there were very favourable, but no one would completely rule out a victory from the visitors.
In cases of clearer favouritism, those odds would be well below that.
The important thing is looking for events with “higher” odds, where there is a thorough analysis of what might happen in the event. That way, you will look for the best option and get an advantage most of the times.
If we always look to understand why we win, and why we might end up losing, we will be one step ahead of most of the others.