Dutching Tab

Description

Dutching (reputedly named after Al Capones accountant who liked to use this method to back horses) is an excellent way of staking on more than one horse in a race so that if any of them win, then the return is the same no matter who wins.

Using Dutching

Dutching should be based on a book value of 100% or under, this is the way you guarantee to get about the same win amount if any one of the runners you dutch wins it's race.

This tell the GHB that you wish to dutch to a fixed liability, this is the total amount you will lose if none of the runners in your dutch wins it's race. So in the example below £1.00 is the total amount you will lose .

An example may be that you have 3 horses selected in your dutch here is what your bet could look like.

Selection 1 odds 2.5 bet £0.45

Selection 2 odds 3.5 bet £0.31

Selection 3 odds 4.5 bet £0.24

Total stake over the 3 selections is £1.00

This works in a similar way to the liability function but will apply the chosen percentage of your current bank value as your liability

So for example

If you choose liability percent of bank 1 and your current bank is £100 then your dutch bet value will equal £1

Let's take the above example again but this time with "profit target" set to £1.00

Selection 1 odds 2.5 bet £4.41

Selection 2 odds 3.5 bet £3.15

Selection 3 odds 4.5 bet £2.45

Total stake over the 3 selections is £10.01 which is what you will lose if none of your selected runners come in.

Please note: Using the "target profit" option can result in high stakes being placed even with a reasonable target, please speculate only with money you can comfortably afford to lose. Target profit is NOT a guaranteed profit and may be higher or lower depending on the odds actually achieved once the bets have been matched in the market.

1 / 3.5 = 0.29

1 / 4.5 = 0.22

0.91 * 100 = 91% so you can make a profit

For normal use keeping your book at just under 100% means that you have a good chance of getting a dutch, but if you want to make more profit then you can lower your book target to 95, 90, 85 or less, however the lower the book percentage you have the less likely you are to achieve matched odds and get a successful dutch.

We have also now added the ability to set a maximum dutching book % range for your selected runners by adding a minimum market book % box

The way that this feature works is that each runner owns a part of the total book percent of the market (1 -100%) so to work out the sum total of our 2 selected runners we do the following calculation

Let’s say we have 2 selections
Horse 1 trading at 4.5

Horse 2 trading at 6.8

To work out the total book for these 2 selections

1 / 4.5 + 1 / 6.8 = 0.369

This makes the total book percent of the 2 selected horses is 36.9 %

So to ensure that the bot does not bet unless the sum total is within this limit we set the minimum dutching book % to 1.00 (1%) and the maximum dutching book % to 36.9 %

So in summary, to make use of this feature you will need to enter the minimum and maximum book percent you wish to accept for your dutch bet and the bot will apply this as a condition.

This addition to the dutching tab allows the bot to analyze the total book percent available on your selected market before placing a dutching bet

So for example the lower the book% on your market (remembering that the lowest book you will ever get is likely to be 98-99%) the better chance of catching more runners in a max dutch you will have. This tells GHB not to bet unless the market book is under your target.



This has been requested by many users over the past couple of months, this feature allows you to prevent any dutch bets being placed unless all of the runners are within your odds range

Further Information

A.No you cannot place lay dutch bets using the GHB at the moment, we are investigating the possibility of this.. 

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