Picture the scenario; it is the 12:25 at Turf Paradise, and you’re confident it is effectively a two-horse race between First Point, and I’ll Take the Soup. However, you’re struggling to pick one above the other and are concerned that if you choose First Point, I’ll Take the Soup will win, and vice versa.
Your instinct is to ignore the race and move on, but what if there’s another option? One that enables you to manage your risk and earn a profit? As it happens, there is a betting tool you can use. It’s called the Dutch betting strategy.
This technique will increase your chances of winning, enabling you to grow your bankroll steadily. If less volatility and more profit sound good, read this detailed article about Dutch betting. It investigates the process, provides examples, and outlines the pros and cons.
Legend has it that Dutch betting, also known as ‘Dutching,’ was invented by the infamous gangster Arthur Flegenheimer, better known as Dutch Schultz, in the 1920s. Schultz was renowned for earning money from the numbers racket and bootlegging, and was extremely adept at mathematics. This shouldn’t come as a surprise, since he worked as Al Capone’s accountant!
Schultz developed a betting tactic to gain an edge over bookmakers when wagering on horse races. It involves wagering on two or more outcomes in a betting market, and the technique is known as ‘Dutch’ betting in honor of its apparent inventor.
There is no Dutch betting ‘formula’ per se. The idea is to split your stake and reduce your risk. Even though the profit margin per event becomes smaller, the higher strike rate means fewer losing runs and less volatility in your bankroll.
Proper Dutching means splitting your stake so that you earn the same profit no matter the outcome. Suppose you have $20 to wager on the aforementioned Turf Paradise race and want to back both horses. Here is how to Dutch this race:
If either bet wins, your return is $24, and you earn a profit of $4.
As you can see, Dutch betting returns are usually relatively small. The above example is the equivalent of staking $20 on a 1.20 favorite. However, when used properly, the process can gradually help you increase your betting account’s balance.
I will provide three Dutch betting system examples. It is predominantly used in horse racing, so the first two examples will focus on that sport. However, you can use it in other sports where multiple outcomes are possible in a single event; for instance, any market involving selecting a golf or tennis tournament winner.
The easiest way to Dutch involves using a betting exchange such as Betfair, because the mathematics are completed for you. However, you can also use a crypto sportsbook and a Dutching calculator to complete the task.
The first example shows you how to Dutch on the Betfair exchange. It is a UK horse race at Southwell, and you’re convinced that only three horses can win in the seven-runner field.
Press the blue boxes associated with the three horses at the top of the betting market. Click on the ‘Stake’ link where the arrow is pointing to on the screenshot above. Next, insert the size of the stake. In this instance, I entered £30 as the total stake. The site automatically ‘Dutches’ for you. You can see that your profit is between £9.66 and £9.69 regardless of which horse wins.
A win provides a profit equivalent to picking a winner at odds of approximately 1.32.
However, you can also Dutch on a crypto gambling site. For instance, imagine you have an account with Sportsbet.io and want to place a wager on a horse race. The 5:30 at Wolverhampton looks likely to be a two-horse race, and you’re unsure whether Glittering Lights, the favorite, or Renesmee, the likeliest challenger, will win.
Therefore, you decide to Dutch, but aren’t sure how much to place on each horse to ensure you earn the same profit if successful. Fortunately, there are plenty of easy-to-use Dutching calculators online. Since you want to bet $50, here is how you should split your stake:
If one of the two favored horses wins, you are guaranteed a profit of $7.92.
Suppose you want a set profit of $20 rather than a set stake. You can adjust your stakes as follows:
In this instance, you’re risking $126.10 for a chance to win $146.10, which means a potential $20 profit.
The Dutch betting system is extremely popular amongst bettors looking to pick winners of major tournaments. Suppose you believe three golfers have a solid chance of winning the 2023 PGA Championship.
You open your Stake account and select the following players:
In this instance, you have $200 to play with, so you use the Dutching calculator to set your stakes as follows:
If any of your three selections triumphs, you’re guaranteed a profit of $1,278.04.
Incidentally, Dutching is also the basis of arbitrage betting. The main difference is that with arbitrage betting, you’re guaranteed a win no matter the outcome. With the Dutch betting strategy, you lose if one of the outcomes you didn’t bet on wins.
Bettors typically ‘Dutch’ with the same bookmaker, but if you shop for better odds, you could benefit from a higher profit and potential arbitrage opportunities.
There are plenty of reasons why Dutching is a good idea. However, it isn’t the best option in plenty of scenarios. Let’s look at the plus and minus points of Dutch betting below.
The supposed inventor of the Dutch Betting strategy met a violent end in October 1935, as was often the case with gangsters of the era. Although he was engaged in many criminal activities, Dutch betting is a legitimate technique and could reduce risk in any betting market. It involves placing two or more bets on the same market to increase your chances of winning.
The Dutch betting system is imperfect because it requires a reasonable grasp of mathematics, and you can still lose your entire stake.
However, once you find the right event, you can use your expertise to back the likeliest winners. While the returns from Dutching are far lower than when you back a single outcome, it is a great way to increase your bankroll gradually. It could lead to a high win rate and fewer frustrating losing runs.
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