So, four guys are sitting in a pub, passing some time by watching horse racing on the TV. There’s not a lot of luck about, except for one guy who seems to be winning nearly every race he dabbles in.
“Joe, what’s your secret, how are you picking so many winners?” his friend ask.
“It’s easy, I usually just stick a pin in the paper” replies Joe.
“But, how come you’ve got it right nearly every time?” his friend wants to know.
“Well, today I decided to use a fork!”
So, what is the moral of the story today? Backing more than one horse per race significantly increases your chances of picking the winner. In most races there are generally only 3 – 6 horses that have a good chance of winning, so why not look at them all? This reduces the risk but also reduces the return, so, the basis then becomes making many small returns to consistently build your bank. The opposite of flat staking where the risk is significantly higher (as you are only backing one horse per race) but the returns are higher IF the one selection wins.
How does this strategy, call Dutch Betting, work? Unfortunately, it’s not as simple as picking three or four horses by throwing a dart (or a fork!) at the form guide or putting five dollars on each and hoping for the best. Only races that are likely to give a return are the right races to bet in. And, most importantly, the amount bet on each horse is calculated so that the same amount of profit is achieved should any of the horses win the race. The strategy was first created by Al Capone’s accountant, “Dutchy” Schultz, hence its name.
Don’t be seduced, This is not a get rich quick scheme, and if that’s what you are looking for then stop reading now and go and buy a lotto ticket. Following this strategy will give steady, regular profits, and to be successful will require patience and discipline.
RaceBiz provide members selections that offer up to six horses per race with Assessed Odds and the amount to outlay to make a profit of $25 per race. So, part of the work is done already, and what our members then need to do is look for the best value available and, if the assessed odds are under the tote then back each horse. For example, looking at Race 9 Caulfield on 11 February 2017:
The total planned outlay for the race is $25, however, SILENT SEDITION has Assessed Odds at $4.00, and the tote is offering under $4.00 so no bet is placed. For PRUSSIAN VIXEN, the Assessed Odds are $8.00 so the bet is $3.00, however, the tote is offering $20.60 so profit when this horse wins is $61.80. Overlays like this are what give the strategy is overall profitability. To see the full result sheet for 11 February, CLICK HERE.
For additional information about this strategy, see our earlier article Dutch Betting a Horse Race and to calculate the amount to bet on each horse for different profit targets, for example, $10 per race, $80 per race then see Punting Calculation Sheets.
The RaceBiz team started offering selections in this format (with Assessed Odds and outlay per race of $25) at the beginning of November 2016, and returns for the last seven months (after taking out monthly membership cost of $46) are:
- November 2016 of $271.70
- December 2016 of $535.10
- January 2017 of $927.20
- February 2017 of $385.10
- March 2017 $382.00,
- April 2017 $722.20
- May 2017 $1028.60 .
- June 2017 $46.36
- July 2017 ($162.70)
- August 2017 $756.30
These outcomes are an excellent return for a small outlay per race, and show the returns from punting less the approximate cost of $46 per month membership fee for RaceBiz Starter Membership ($275 for six months) and come to just under $4900 in ten months. The RaceBiz team use Betfair and prices paid are based on best value achieved prior to the race.
RaceBiz are open and honest with our selections and results, and these numbers can all be verified by checking the results sheets on this website. If you like what you see, why not join now and achieve these results yourself? CLICK HERE
This is just one of the strategies that the RaceBiz team offer. Whilst the members tipping selections lend themselves towards Dutch Betting, they are by no means limited to this one strategy. Call us on 1300 RACEBIZ to discuss other ideas and options.
Enjoy the ride, we do and “Happy Punting” from the team at RaceBiz.