We some times tweet tips about dutching a bet and often get asked “what is a Dutch bet”. We’ve put together a simple explanation of a Dutch bet, this includes the best place to back them and the online tools or apps you’ll need to calculate the level stakes.
This kind of bet is popular for covering multiple options and can be used on various markets including correct score dutching and outright markets (its quite popular in golf betting too – covering a number of high odds players for an even result if one wins).
How to Dutch bets
A Dutch bet is also commonly referred to as “dutching”. Before we calculate the odds and stake we will need to find a market where we want to cover multiple options. For this example I’m going to use the World Cup outright market (odds correct as of 6th May 2014).
The market and prices you use are up to you this is just for an example. I’ve decided I’m going to cover Spain, Germany, Brazil and Argentina to win. I think its quite likely the winner will come from these four. Their odds are currently Spain 7.8, German 7.6, Argentina 6.2 & Brazil 4.1 (pre tournament odds). Now we will need to calculate the stake to get a level return.
On desktop I’d use ARB crunchers multi back calculator (Click here to visit) or download the dutching app calculator from the app store. All you then do is add the prices to the calculator and set your back amount, this can be seen in the image below.
This image is using Betfair as the price guide and it includes the 5% commission on each of the bets. As you can see from the image we have a total stake of £27.26 and a total return of between £13.01 & £13.08 as long as one of the four wins. This means a 47% profit and is the equivalent of backing these four teams to win at 1.47.
There’s loads of other options that you can dutch bets on and correct score is very popular. This is usually done on Betfair as you have the option to cash out the bet when you get closer to the results you have backed. It can be used t cover popular scores to get better odds than BTTS in some cases such as covering 1-1, 2-1, 1-2 and possibly 2-2. Here’s an example from Liverpool v Spurs (10/02/2015)
Both teams to score odds = 1.72
Covering 1-1 (8.4), 2-1 (9.8), 1-2 (16.5) – this gives a 238% return or odds of 2.38 and can present you with some good options to trade too. Its possible to lay off some of the 1-1 or other odds to get a bigger return.
You can even add in further scores 3-1 (16.5) and 1-3 (42) to cover more scores and still get odds of 1.65, although this is slightly less then the both teams to score bet this can present you with a better trading position of their is early goals in the game.
As always theres no such thing as a no risk bet and with this correct score strategy then you still have scores that you lose on, 2-2 for example. The other major risk for this type of trading is quick early goals, if Liverpool scored 3 in the first 15 minutes it would mess up the odds and make it difficult to trade.