We sometimes 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. You’ll need access to the Betfair Exchange app to be able to place the multi backed dutch bets.
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. 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.
Correct Score Dutching
There are loads of other options that you can dutch bets on and the correct score is very popular. This is usually done on Betfair as it is one of the best cash out betting sites on the market.
Low scoring example
For this example, I’m using an international friendly between the USA and England, its a swan song for Rooney. It could be a very tame drab affair so I’m covering 0-0, 1-0 and 0-1. Here’s how it looks on arb cruncher
I now take these stakes and put them in to Betfair as the 3 amounts for each outcome. This makes the market look like this –
As you can see above there is a very similar profit on all 3 outcomes and the same loss, £28.39, on all other results – which is the total stake. As an alternative, you can also check the Ladbrokes Exchange app to see if there is any difference in the price.
This kind of Dutch offers a trading option where you can lay off 0-0 later in the game to boost the other profits or negate the losses. If you trade it well you can be in a position of having your stake back and a profit on any goals. If you are new to dutching it is advisable to start with small stakes to learn how the trades go.
It can also be used to cover popular scores to get better odds than both teams to score in some cases such as covering 1-1, 2-1, 1-2 and possibly 2-2. Here’s an example from Liverpool v Spurs
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 than both teams to score bet this can present you with a better trading position if there are early goals in the game.
As always there’s 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.