Dutch Betting Formula
What is Dutch Betting or Dutching?
Dutching is a slow way to make money but will pay more regular dividends. Dutch Betting or Dutching is a staking strategy where you divide your stake over a number of selections to give you a profit no matter which horse wins.
But backing more than one selection in a race is frowned upon by certain punters.
“If you don’t have 100 per cent confidence in your selection, don’t have a bet” …
Horses are mere four legged animals and very often throw the script out the window. Near misses, close finishes, interference etc. is a common thing.
To have a back-up plan, and having three or four horses running for you in a race can drastically reduce the chances of something going wrong. If one gets in trouble you still have 3 horses running for you. Getting the winner of a race you are punting in is the only way to getting a profit. The cynics will sneer and point out that picking a few horses in a single race cost you more with less return, obviously it gives you a better chance of winning, with a lower return … yet isn’t winning the whole point here? Who cares if it takes two, three, four or even five horses to achieve the win.
Which horses to punt?
Golf, along with cricket and football, are just a number of other sports that may suit the 'Dutching' approach to betting. A patient and systematic approach is required for 'Dutching'. Rather than pick one and kick yourself when the one you neglected obliges, it's sensible to 'Dutch' and back them all - and you can get surprisingly good returns as long as the prices are big enough.
Unfortunately, it’s not as simple as picking three or four horses by throwing a dart at the form guide or putting five dollars on each and hoping for the best. Only races that are likely to give a return are the right races to bet in. Importantly, the amount bet on each horse is calculated so that the same amount of profit is achieved should any of the horses win the race. The strategy was first created by Al Capone’s accountant “Dutchy” Schultz, hence its name. This strategy isn’t a get rich quick scheme, this is a strategy to give you regular, steady profits. Patience and discipline are required in order to become successful at Dutch betting. If you are looking to get rich overnight, then this is not for you – stop reading now and go and buy a lotto ticket!
You find this by dividing each horse's individual percentage by the total percentage-for Horse X its percentage is 25 and this is divided by the total of 61.7 giving the answer of 0.4051.
Let’s presume you feel that two horses have an exceptionally good chance at winning, but can’t decide which one is the better bet. Instead of picking one, we can Dutch bet the horses. Always put a price on a horse’s head and only bet when you are getting value by getting a couple of points better than your assessed price – that is, the tote is offering better odds that your assessed odds.. If you can’t put a price on your selection, you have little chance of winning at this game. Everything comes back to the odds. Just because the horse has great form doesn’t mean it should automatically be bet. The price must still be right.
To explain further, we can look at an example.
- The first step is to note the prices. In this case;
- Horse A is $3.00
- Horse B is $5.00
- Next, you must decide how much you are willing to risk IN TOTAL for the bet. In this case, we shall assume that the total amount you are willing to risk is $100.
- The last step is to split up the stake between the two horses, and place $62.50 on horse A, and $37.50 on horse B – Therefore, the total cost of bet is $100.
- The outcome?
- If horse A wins, you gain $125, but lose the $37.50 staked on horse B. Total profit should horse A win: $87.50
- If horse B wins, you gain $150, but lose the $62.50 staked on horse A. Total profit should horse B win: $87.50
- So as you can see, it does not make a difference which of one of your horses wins, as you gain $87.50 either way.
Picking the right races and horses to Dutch is where we can help. We find an edge relatively easily, not in every race, but in the right race. We have off days all punters do, and if you can’t admit that, don’t punt! If we said, we picked a winner every time we would be lying.
As always, money management is essential and a profit using a simple approach can often pay dividends with a lot less stress. Dutching won’t provide instant riches and plenty of patience is required while waiting for suitable races. If you’re looking to get rich quick, this approach is not for you – “try lotto instead!”
For those willing to put in the time, Dutching can provide steady, regular profits if a sensible, systematic approach is employed. Contact us if you would like some help or advice on 1300 RACEBIZ.
Updated June 2017:
All members selections – STARTER, METRO and PROFESSIONAL – have assessed odds for each horse and the amount to bet per horse on an outlay of $25 per race. If you want to bet more then all you need to do is increase the amounts, for example, to outlay $50 per race just double the bet amount. For other options, starting from$10 per race, please check the Punting Calculation Sheets on this website.
The RaceBiz team started offering selections in this format (with Assessed Odds and outlay per race of $25) at the beginning of November 2016, and returns for the last seven months (after taking out monthly membership cost of $46) are:
- November 2016 of $271.70
- December 2016 of $535.10
- January 2017 of $927.20
- February 2017 of $385.10
- March 2017 $382.00,
- April 2017 $722.20
- May 2017 $1028.60 .
These outcomes are an excellent return for a small outlay per race, and show the returns from punting less the approximate cost of $46 per month membership fee for RaceBiz Starter Membership ($275 for six months) and come to an impressive $4500 in just seven months. The RaceBiz team use Betfair and prices paid are based on best value achieved prior to the race. Daily returns are listed here: Dutch Betting Results Nov 16 to May 17 .
RaceBiz are open and honest with out selections and results, and these numbers can all be verified by checking the results sheets on this website. If you like what you see, why not join now and achieve these results yourself? CLICK HERE
This is just one of the strategies that the RaceBiz team offer. Whilst the members tipping selections lend themselves towards Dutch Betting, they are by no means limited to this one strategy. Call us on 1300 RACEBIZ to discuss other ideas and options.
Enjoy the ride, we do and “Happy Punting” from the team at RaceBiz.
Introduction to Horse Racing
Benchmarker Handicapper
Introduction to Dutch Betting
The Edge
We all want to be competitive in everything we do. And no more so that with punting on horse racing.
Success in punting on horses, in fact most things reduces down to an information war - the people with the best information make the smart moves.
Books have been and still are the best source of general information, and this applies at least as much in the art of racehorse selection and staking as in any other field.
Author Paul Segar has produced textbooks which cover all aspects of punting. The books alone stand as a complete reference but also provide 'food for thought'. You can develop / improve your own ideas as well as learn some new techniques.
Each book is written in plain English with plenty of practical examples in each chapter. Browse the contents of each book or email for further information, if required.
Improve your punting knowledge today - buy one or all of these books.
Read the books but want more? It's time to do a course.
The Pureform Introduction Course uses a computer program to show you how and when to bet and how to do it successfully. Check out the details
The Benchmark Handicapper Course continues from the Introduction Course and gives you further weapons to apply when making quality value selections. More...
The Introduction to Dutch Betting using the Ratings Calculator Course gives you an introduction to betting using the Ratings Calculator computer software. More...
The Dutch Book Staking Plan takes the worry out of betting and can be used on any TAB meeting.
The Dutch Book method is a well tried staking approach and is nothing new...But why use something new if the old approach still works?
The Dutch book is a great way to support multiple runners to collect the same amount whichever runner wins with the program giving you the option to see how much to bet, potential profit and betting choices.
Basically the approach is to support 1, 2 or more runners to collect the same amount in one race. If one of the runners wins, then a nice profit margin can be made. Betting to collect a fixed amount not only increases your potential profit but also reduces losses.
Example
Bet to collect $100:
| Odds | Percent | Stake |
|---|---|---|
| $3 | 33% | $33 |
| $4 | 25% | $25 |
| $5 | 20% | $20 |
| Total: | $78 | |
Staking
For the $5 chance, $20 must be wagered to return $100 ($80 profit + $20 stake returned).The overall bet may prove to be a poor wager (outlay $78 to return $100) or a sound investment, depending on the number of chances in the race, race conditions and so on. The program shows the percentage outlay on the race so you can decide whether to bet or not.
The Dutch Book program calculates the amount to bet on each runner according to the odds provided. In this way, selecting the winner will return the same amount no matter which horse wins (or can be used with overlays for even greater potential profit).
How It Works
Before the day's betting begins, click the Create Fields button to download all the TAB meetings for the day. Depending on your Internet speed, the fields will be ready to use in a few moments.
The program has two minor buttons: and
: Gives you live information from the TAB about the odds on offer. These odds will update periodically as the pools increase.
: Once you are ready to do some calculations, click the Use Odds option to no longer receive live updates.
Click the 100% button to adjust the market to 100%. Basically the TAB market is set to around 115 to 120% and so the odds can be misleading. Setting the market to 100% ensures your maximum options.
Use your Own Market
Why use the TAB market if you have your own opinion. Simply type the odds that you require into the odds box for each runner, set to 100% (or not) and voila! the bet amounts are ready.
Bet Format
The bets are set out in a NSW or VIC TAB format to use the Expert Mode to submit each wager. All bets can be placed in one transaction using the Expert Mode batch process. Simply click the Copy button on the program then paste the bets into the batch area ad submit. It's easy after a couple of tries. The copy and paste process also gives you a few seconds to consider your bets before they are placed.
It is a very powerful staking program.
The program now allow direct connection to the Internet. Look at TAB prices, determine overs and other bets then place the bets directly on the TAB using an Internet TAB Account
Dutch Betting Formula Solver
Dutch Betting Formula Racing
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Dutch Book Staker
PPDBS WINDOWS VERSION $165