Dutching is a strategy that consists in placing back bets simultaneously in several selections. The goal is to cover as many probable outcomes as possible, while leaving out the least likely, splitting the profit equally among all the favourite selections. This strategy greatly minimizes the risk associated with each bet.
Bookmaking consists in a process that is opposite to that of Dutching. In this case, the strategy consists in placing lay bets simultaneously in several selections, also with the goal of minimizing risk and splitting the profit equally among all the chosen selections.
When dutching, a bettor places several back bets in the same sports event. Bets are always placed at Betfair’s current odds and in every outcome with a high probability of occurring.
In dutching bets, the bettor always makes the same profit with any of his bets, because the profit is split among all bets.
For example, in a horse race, when a player uses dutching as a strategy, he will pick a group of favourites, according to his predicted profit. The larger the group, the smaller the profit for each selection. Usually, all it takes is to remove one or two less probably outcomes to make a profit with all the others, at the current odds of the market.
In the market of football outcomes, also known as Correct Score, when applying dutching you must place back bets on the most probable outcomes and only leave out those that are the least likely to occur. For example, the outcomes 3-3, 3-2 and 2-2 are less probable than the others. So, when applying dutching, you will make a profit with all the others, except for these.
When Bookmaking, a bettor places several lay bets in the same sports event. Bookmaking can only be made on Betfair, since only Betfair offers lay bets. When bookmaking, bets are placed at the current odds of the market and only in the outcomes that are the least likely to happen. By excluding the most probable outcomes and placing lay bets on the least probable, bettors can make a profit, splitting it among the remaining selections. The reasoning is similar to that of Dutching.
For example, in a horse race, a bettor can choose the horses that are less likely to win the race and place lay bets on these horses, with certainty of making an equal profit if none of those horses win the race.
Choosing a good Bookmaker to Dutch is essential to place bets at the best odds and to ensure that they are profitable. We advise you to use Betfair, since it makes it possible to apply this strategy in a safer and more practical way, besides making it possible to simultaneously apply Bookmaking, which is only possible with lay bets.
To apply the Dutching strategy on Bookmakers, you can use the Dutching calculator, which will indicate the proper amount to bet on each selection.
The main advantages of applying Dutching and Bookmaking on Betfair is that it lets you easily place bets for both strategies and allows you to use the cash-out feature, which makes it possible to close bets before the end of a match, not to mention the large variety of markets it offers.
In Betfair, you will also need to use a Dutching calculator to know the right amounts to bet on each selection.
There are easier to use alternatives to the Dutching calculator - the betting software products.
Betting software products let you place Dutching and Bookmaking bets with automatic calculations and always displaying the market’s current odds in real time, updated every fraction of a second. These features make it much faster and simpler to apply these strategies, making it also possible to bet at the best odds.
The best betting software in the market is Traderline, which offers exclusive features for Dutching and Bookmaking. With Traderline, it is not necessary to make manual calculations and you will automatically know how much profit you will make from each selection as you add or remove selections.
With Traderline, it is not necessary to make manual calculations and you will automatically know how much profit you will make from each selection as you add or remove selections. With Traderline, you will be able to test out these strategies by using practice mode, which allows you to bet without using real money. Additionally, Traderline offers a 30-day trial for free. To learn more about this software, please visit the Traderline website.
To apply Dutching on Bookmakers, you simply need to open the market where you wish to bet, select all the back bets on your favourite horses and exclude the horses that, in your opinion, will not win. The more horses you exclude, the bigger the profit that will be split among the selected horses. To know the right amount to bet on each horse, you must use the Dutching calculator.
In case you don’t yet have an account in a Bookmaker suitable for Dutching, take a look at our recommended Bookmakers.
The process of applying Dutching on Betfair is identical to that of bookmakers. You must open the market where you wish to bet and select all the back bets on the horses. Similarly, the less horses you exclude, the bigger the profit that will be split among the selected horses. To know the right amount to bet on each horse, you must use the Dutching calculator. If you don’t have a Betfair account, register for an account here.
There is a much simpler way of applying Dutching, which is by using a software. Softwares will automatically calculate the bet amounts, cutting by 90% the time you will need to spend to apply this strategy. A great software for Dutching is Traderline.
This software lets you visualize the profit on all the selected outcomes instantly, even if there are changes in the odds and even as you change the chosen selection field. This way, you will be able to see in real time the profit made on each bet, regardless of the number of selections, and you will be able to place bets with just one click.
To learn more about what this Betting and Trading software has to offer you, visit the Traderline website.
Bookmaking is applied on Betfair by placing lay bets on the least favourite selections, with the goal of splitting the profit across the most favourite selections.
Imagine, once again, that you are studying a horse race in which the likelihood of some of the racers winning is small. When applying the Bookmaking strategy, you can leave those horses out, place lay bets on them and ensure an equally split profit across any of the other horses, in case they win the race. For that, you will have to use the Bookmaking calculator to know the right amounts to bet using this strategy.
Bookmaking can also be done with a betting software, such as Traderline. Traderline turns this into a simple and fast process, similarly to what happens with Dutching, without requiring the use of any manual processes, such as a Bookmaking calculator.
We recommend the Traderline software, which offers a free practice mode, along with a free 30-day trial period for new users to apply these Dutching and Bookmaking strategies on Betfair.
To apply Dutching and Bookmaking on Traderline you will need a Betfair account and to download the Traderline software.
If you do not have a Betfair account, register for an account here.
To download Traderline, visit the Traderline website.
After installing and logging into Traderline, the first step is to find a match to apply this strategy. When inside the market, you must select the Multibet Interface.
The market that was chosen for this example was the market for the winner of a horse race.
These sports events have a high level of liquidity. The liquidity of the market is an important factor when you place high value bets.
In the Multibet Interface you have to select a betting mode: amount or profit.
If you choose the option ‘amount’, Traderline will calculate how much to bet on each selection so that, the sum of bets equals the indicated amount. In this example, the sum of all the bets amounts to 5 Pounds, as shown in the image.
If you select the option ‘profit’, Traderline will bet whatever is necessary to make a profit of 5 Pounds.
In this example we will use the mode ‘amount’.
In the horse race shown in the image, these bets correspond to the 4 best runners. The bets can be immediately matched, as indicated by the green color (indicator of liquidity). If one of these outcomes occurs, you make a profit of 0,69 Pounds. The total amount that was bet in this market was 5 Pounds. Your profit is guaranteed if any of these four horses wins the race. In this example, your profit corresponds to a profitability of 15%.
If you lose the bet, your loss will equal the amount that was bet, that is, a total of 5 Pounds.
In the Bookmaking example on the side, for the horse race market, lay bets were placed on the four worst runners, which correspond to the four horses with the highest odds. The total amount bet in this market was 3,63 Pounds (Traderline rounded it off to 5 Pounds, in order to optimize the bet), with an estimated profit of 1,43 Pounds in case any of the other horses wins. As you can see by the indicator of liquidity, showing the green color, these bets can be immediately matched.
If you lose this bet, your loss will equal the amount that was bet, that is, a total of 3,63 Pounds.
There are no particular advantages or disadvantages of one strategy over the other, so there is not one that is better or more profitable than the other. They are similar strategies, with Dutching making use of back bets and Bookmaking making use of lay bets. You should simply apply the strategy which you feel the most comfortable with.