Horse Racing Dutching Systems and How They Work
Dutching Systems are an interesting one. As long as people have been gambling, they have been looking for a way to ensure that they win every time. There are plenty of different ways that one can do this with the most well known example being arbitrage.
This involves backing one outcome in one place and backing the opposing outcomes elsewhere, in such a way that there is profit guaranteed regardless of the outcome. This is something that has been taken to the (in my opinion) logical next step in matched betting services.
Arbitrage however is unwieldy and opportunities to take advantage of it are few and far between these days. This is why there has been something of a renaissance when it comes to dutching systems. Now there are two main sports that dutching focuses on.
One is horse racing and the other is football. There is a lot of difference between the two however so for the purposes of this article, I’ll be focusing on horse racing.
What is Horse Racing Dutching?
Where arbitrage involves backing outcomes with different bookmakers and exploiting differences in odds, dutching can hypothetically be applied to any race (although in reality, it is often uneconomical to do so).
A dutching bet involves staking on multiple possible outcome in such a way that regardless of the outcome, there is a profit. Of course, this is an ideal scenario and is something that certainly doesn’t happen every time you sit down to place this kind of bet.
When it comes to horse racing, you don’t typically look to cover all outcomes as on a 12 horse race, this just isn’t economically viable. Instead, horse racing dutching will usually look at just a few favourites instead. As an example:
Consider a race in which there are 3 horses that you want to back. For sake of convenience, these are priced at 2/1, 2/1 and 3/1. As a punter, you are aiming to take a £10 profit from this bet.
You would then place £40 on each of the 2/1 bets (which would each then return £120 including your stake) and £30 on the 3/1 bet (which would again, return £120 including your stake).
This means that your overall bet is £110, but so long as one of those horses wins, you are assured a £10 profit.
Now the reality of dutching is that things rarely go that smoothly. In fact, you will often find that you are clamouring around trying to identify races that will qualify.
This is why anybody with an interest in dutching will use a dutching calculator and most likely, a service (which I will look at later). This is a handy tool that allows you to input odds and play around with staking to guarantee you ensure a profit wherever possible.
When it comes to dutching and horse racing, there are two places that you can look to place bets which are bookmakers and exchanges. Realistically, if you can, your first port of call should aim to be a bookies.
This is because you don’t have to pay any commission and odds have something of a tendency to be pretty consistent.
Sometimes however, working off the odds that bookmakers are offering simply doesn’t open that door for profit which is where using a betting exchange really comes in handy.
The beauty of betting exchanges is that you are able to offer whatever odds you feel have a chance of coming in. This in turn means that you can be much more flexible with the number of bets that you can place.
Of course, this isn’t a license to print money and if you are betting with a betting exchange to do this, I would make sure you get the odds that you need there before placing any other bets.
What Kind of Horse Racing Dutching Systems Are Available?
In the main there are two different types of horse racing dutching system and like many betting related products, they are broken down into action and information.
Your information based courses are generally more of an introduction to dutching. What it entails, how to get involved, what bets to place, when and with whom, etc.
These are useful to some degree and will likely suit somebody who already has experience with betting and arbitrage and is looking to add another notch to their belt.
The other kind of horse racing dutching system that you will see is the “action based” variety. These will typically involve somebody else working out which races have potential and what odds you should look to get and sending them out to users.
This kind of project is much easier to use and resultantly, works better for those who perhaps are lacking in betting experience or simply don’t have the time to sit poring over the days races with a dutching calculator.
Dutching System Testing
In fact, what I will do right now, is show you how I have used dutching in the past. I will go to Betfair right now, and dutch some horses to show you that a profit is made no matter which horse that I have dutched wins.
As you can see from the image above, I have dutched the first 4 favourite horses is that race, meaning that no matter which wins, I make a profit, a similar profit.
Some systems try and get an identical profit, but the way I look at it, is that as long as a profit is made, a profit is made, and sometimes when you are faffing about trying to get the odds right, the price can quickly move against you.
As it turned out, I didn’t have time to wait for the race to conclude so I cashed out, as this was just an example to show you how a version of dutching can work.
This is what happened when I cashed out, and as you can see I made about 71 pence no matter which horse won, and this was done before the race even started:
What are the Pros and Cons of Horse Racing Dutching?
For me, there are some strong pros and cons when it comes to horse racing dutching with the pros probably just about coming out on top. The biggest problem is by far and away that dutching can be time consuming.
This is however somewhat countered by the fact that there is a lot of profit potential, in some cases this is guaranteed. When it comes to horse racing however, you will generally be looking to minimise your risk however losing is something that still has the potential to happen.
Dutching as a betting method is something that is definitely something that is worth exploring. Whilst it isn’t quite a guaranteed profit, there is plenty of money to be made through this method.
Unfortunately, I am not convinced that horse racing is the best medium for exploring the method. This is mostly down to the fact that it can be very difficult to cover all of the horses in a race and still leave profit there.
In my opinion, dutching is one of the few betting methods that you really need to employ professional help if you don’t want to spend all of your time in research.
I am generally not one for products that simply give you an answer rather than teaching you to understand what you are doing, but in the case of something like horse racing dutching, the core concept is very simple, it is mostly a question of having the time.
If you can find a reputable service, then I think that horse racing dutching is something that is definitely worth pursuing.
It is possibly even something that is worth looking at independently and teaching yourself how to do, especially in the long term. This is a long process however and takes a lot of hard work, but it is definitely rewarding and has plenty of potential to be profitable.
Resources and Related Posts
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