Dutching is the process of betting on more than one selection during the same event, so that no matter which selection wins, a profit can be made. This should not be confused with arbitrage, which involves betting on all possible outcomes of an event, so that a guaranteed profit is generated. This is only possible by using several bookmakers and only for a few events.
Dutching is ideal for multi-outcome events where you think you can break the possible outcomes down to two or three; but in theory, you can bet on any number of selections. The fewer selections you make in dutching, the fewer losers you support and the more profit you make from them. However, by dutching fewer selections, you increase your risk.
Dutching is best used when you either have information or have a very strong feeling that an outcome is very unlikely. If those unlikely outcomes have huge odds, then dutching is not worthwhile, but if you think the desired outcome is unlikely, then the remaining selections in dutching pay good dividends.
Determination of the different stakes in dutching
The main characteristic of Dutching is that you win the same amount, but with all the different odds involved, it can sometimes be difficult to figure out the stakes required.
Example:
If you cover two selections, one with 5/1 and one with 8/1 and you want to win 100 € regardless of the outcome:
Divide the odds in decimals (6.0 and 9.0) and divide the stake by the decimal odds.
100 € / 6.0 = 16.66 €
100 € / 9.0 = 11.11 €
Total stake = 27.77 €
Alternatively, you might have an idea of how much you want to bet on an event; in this case it’s around 30 €. You know that your stake on the 0.6 chance is around 20 €. To calculate how much you should bet on the other selection:
20 € x (6.0 / 9.0) = Bet on the higher valued selection. = 13.33 €
The total stake would then be 33.33 € and if one of the two selections wins you will receive 120 €
Calculate combined odds in dutching
In dutching, it is important that the selections you are betting on have combined odds. To pick the best bets, you still need to consider odds and choose events where your combined selections have the best chance of winning in relation to your odds, rather than simply supporting all of the selections you think might win.
Example:
If you bet a total of 100 € and the return on a winning bet is 150 €, then you cover all of your selections with combined odds of 1/2 or 1.5 as a decimal number.
When placing your Dutch bet, you have already worked out your stakes and total returns so that you can place the bet, with the same return for each outcome. To get the decimal odds for your bet, you simply divide your total stake by your returns.
It may seem difficult to estimate the combined odds when the numbers are a little more random, such as 279 € win for 82 € stake, but it is very easy to figure out:
279 € / 82 € = odds of 3.4, which is roughly 5/2.
Advantages of dutching
One of the greatest advantages of dutching is that it creates new opportunities for profit. In the past you may have broken a race down to two horses, but it wasn’t easy to choose these two horses and so you left the race. Alternatively, you might have guessed that a soccer game would end with very few goals, but you weren’t sure whether you should bet on 0-0 or 1-0. With dutching, you can get paid off for both of these situations.
Just because you’re betting more than one outcome, this doesn’t mean you won’t get any value from your bet. If you think a low-rated favourite is very unlikely to win, then two or more high-rated selections in this event could offer great value. If the added up returns from the combined bet are greater than the chance that those outcomes will win, you will generate value through dutching.
By dutching you reduce your overall odds, but increase your chances of winning your bet. In theory, this should result in more winning bets and therefore more frequent betting returns. This helps to protect your betting account from dry spells and should also offer you some joy in betting.
Disadvantages of dutching
The more selections you make in dutching, the more you reduce your overall odds in each betting event. Whenever you decide to add new selections, you have to take into account the fact that your betting rate needs to improve, so that a certain level of profit can be maintained. If you use dutching and don’t win very often, you will lose your money very quickly.
Reverse dutching sounds complicated, but it’s just dutching for trade. The same principles apply; the more choices you make, the more likely your bet will win, but the less money you will win. And on the contrary, the fewer selections you make, the less likely it is to win and the more profitable any winning bet is.
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