What is Dutch betting?
It’s a multiple bet which covers a number of outcomes. Essentially you back more than one horse in a race using a single stake split evenly to cover all selections, so no matter which one wins you make an equal profit. Sometimes it’s good to have a back-up plan, and having three or four horses running for you in a race can drastically reduce the chances of something going wrong. Unfortunately, It’s not as simple as picking three or four horses with a pin sticking a tenner on each and hoping for the best. Legend has it that the strategy was first created by Al Capone’s accountant “Dutchy” Schultz, hence its name.
I’m going to use the Gold Cup at Cheltenham. I felt that there were 4 horses each with a very good chance of winning but couldn’t decide which one to bet on. Instead of picking one, I dutched the Horses. The first step is to note the prices. In this case I used the decimal odds at Betfair Exchange;
Djakadam 4.00; Cue Card 6.00; Native River 6.60 & Sizing John 9.00
Next, I decided that the total amount I was willing to risk was £100.
The last step was to split up the stake between the four horses horses so I placed £36.80 on Djakadam, £24.54 on Cue Card, £22.30 on Native River & £16.36 on Sizing John Therefore, the total cost of bet is £100 and each one if successful paying £147.24
Sizing John won returning me £147.24 so an overall profit of £47.24 however it did not make a difference which of my horses won, as I gained £47.24 either way. At this point, I should note that the above maths do not have to be worked out manually – simply type ‘dutching calculator’ into a search engine, and you’ll find a calculator that will work out the stakes for you. Needless to say, using traditional odds when dutching can become a bit of a nightmare, so decimal odds are a must for their flexibility and extra price variations.
What are the best races to Dutch
A study by Jonathan Burgess looked at how the first three in the betting forecast performed across all three racing codes over a three-year period…
National Hunt racing
non-handicap hurdle 82% won
non-handicap Chase 80% won
handicap hurdles 66% won
handicap chases 73% won
Flat racing (turf)
conditions in stakes races two-year-olds 74% won
stakes in condition (older horses ) 80% won
handicaps all ages 58% won
stakes and conditions races 81% won
handicaps all ages 66% won
The above statistics clearly show that a large percentage of winning horses come from the first three in the betting forecast in non-handicap races. It’s worth bearing in mind that these winning ratios will not be split evenly and second and third favourites combined will win more the first favourite.
Dutch Betting Strategy
- Select non-handicap races only 7 to 12 runner races are best, exclude lower class races class 1-4 seem to produce the best results.
- Include the favourite in the bet as a break even/saver bet, as long as the odds are reasonable
- Make sure the profit margin on the whole bets is at least 25% of your overall stake money. For example if you stake £20 in total then the return should be around £5, although this does depend on the odds available
Jonathan Burgess runs the Profitable – False Favourites Betting Tips Club