How many times have you looked at the race card in the Racing Post, and narrowed down your potential winner to 1 of 3 selections? It happens to me all the time, so If I really can’t choose between them, I back them all using the dutch betting system. Dutch betting Is a a method of backing a number of selections In the same event, at varying odds, to varying stakes, In order to receive a fixed return, whichever of the selections win.
The term Dutching is often attributed to Al Capone’s accountant, nicknamed Dutch Shultz. One of his many rackets was to bet on a number of horses in the same race, in order to make consistent profits. In fact, thinking about It now, It would be an ideal way to launder money In those days.
Now I’ve tried to work out a dutch bet with pen and paper, and believe me, It’s just not practical. I get to the last bet and all the odds have changed again making those calculations redundant.
Fortunately technology has saved the day, and there are many dutching calculators available for your dutch betting system. A simple Google search should produce some good free examples. I tend to find the paid calculators offer more in terms of flexibilty and the costs are usually minimal. For manual dutching, Punters Paymaster for a tenner Is a great Investment, that will pay for Itself with just a few small bets.
What I like is the ability to cover danger horses. This keeps stakes down, but enables you to cover more selections. If the danger horse wins, you break even and no loss is incurred. There is also the facility to select 10 runners, which the free calculators cannot cater for. Again, this is great for manual betting with bookmakers, but the betting exchange prices move to fast for manually inputting this data.
This is where the Betting Exchange Software comes to the fore. Products such as Bet Angel, Geeks Toy, Racing Traders and Gruss all offer dutching options. The software constantly scans the prices and works out the calculations in a split second. You can either dutch to a set profit (say £10 per race) or you can designate a figure,(say £10) and this would be your total stake available. I prefer the latter as It’s easier and quicker to manage.
For speed and ease of use, I really like Geeks Toy. The dutch feature is really cool, intuitive and fast, the small cost Is easily recouped. The bets are all placed like lightening, and any unmatched bets soon get taken. The cost when I last looked was £20 for 3 months, which works out at around £1.54 a week. An absolute bargain!
With dutching, most punters back up to 3 horses and their level of profit tends to be good, but they also experience a higher level of losing bets. I like to be more predictable, and my method has many fewer losing bets, but the profit is smaller and more predictable. It all comes down to your own style of betting.
Here Is my method
- I choose non handicap races with 10 runners or less, where the favourite is not odds on.
- I start at the favourite and select every runner in odds order until I reach a 10% profit.
- I then place the bet and either watch the race or listen to Betfair radio.
- Then I rinse and repeat for all races that fit the criteria.
Geeks Toy really helps with the above, which I really believe to be a simple dutch betting system. It’s nice to know that all the leading runners In the back straight are ones In your dutch bet.
Obviously dutching can be used in other sports, for Instance on football correct scores. If you know about football (I don’t) then by choosing what you think would be low scoring home/away matches, you could dutch on the smaller scorelines. For example a strong homeside might warrant scores of 1-0, 2-0, 1-1, 2-1, 3-1 for Instance.
This style of betting really suits me, as I love the high strike rate (I hate losing money with a passion) and also the large margin for error. It reminds me almost of fixed odds football betting, where you covered most eventualities with you bets.
As you can imagine, the fewer selection within your dutch, will give you a higher return, and the more selections will give a lower return and a higher strike rate. It’s all about finding that happy medium that suits you.
With any betting system, bank management Is really Important, as without a bank, you cannot make further profits. I find that using 10% of my bank for each dutched bet seems to work well. I expect a 10% return from each bet, and know that should the bet win, my bank Increases by 1%. If you bet fewer selections, obviously the return will be higher.
Losing bets will always happen, but try not to be swayed into trying to recoup the loss. Keep disciplined and you’ll soon make It back, and more. I’ll be demonstrating a way of dutching on Betfair without software soon, which Is suitable for the occasional dutch bettor. My method outlined here is a consistent winner for me though. Give It a try on paper and see how you do.