What is Dutching?
One of the keys to matched betting is to cover all the outcome of a sporting event so that profit is made whatever the result.
This is normally done by placing a lay bet at an exchange to bet against the result you backed at the bookies.
The downside to this is commission; paying 5% commission can soon add up (I’ve paid over £3,000 in commission to date and my rate is lower than 5%).
Fortunately there is another way to Matched Bet without laying all your bets.
What is the alternative to laying the bet?
To matched bet all we want is to be able to guarantee profit whatever the outcome there are virtually unlimited ways of covering all the possible outcomes of a specific market but I highly recommend you start with markets that have only 2 results.
What should I bet on?
A great market for this is the total goals market; you simply bet on whether there will be more or less than a specific number of goals in a match. As the number of goals is normally based on a decimal number of goals (i.e. 2.5) it can’t be a push so the bet is a simple higher or lower bet.
You can simply bet on over 2.5 goals at Bookmaker A and under 2.5 goals at Bookmaker B
How to calculate the stake amount
Although you can calculate the stakes manually I tend to just use a dutching calculator; there are loads out there but I’d recommend Ultimatcher.
The calculators will give very specific amounts to equalise profit whatever the result, If you start betting strange amounts like £25.27 you will stick out like a sore thumb at the bookmakers, something we want to avoid.
For that reason when dutching I’d highly recommend rounding all your bets. This will generate an underlay or overlay but as the amounts are likely to be small it will make little difference in the long run.
Should I always use the total goals market?
There are lots of alternatives to the total goals markets and you’ll find that some bookies specifically exclude total goals bets from qualifying for bonuses or completing WR’s.
For this reason many people use the Asian Handicap market. This market works by given 1 team an advantage, you then bet on which team will win once the Advantage is taken into account.
For instance if Manchester United were playing Southampton they might have a +1.5 disadvantage. If the game ended 1-0 to Man Utd the Southampton would still win as Southampton get 1.5goals added to their score. (making the end results 1-1.5).
There are a variety of markets that are available with different levels of advantage given; for the purposes of dutching I focus on the +0.5 matches. With an Asian Handicap bet with a 0.5 goal advantage (AH+0.5) it becomes easy to work out. If the team without an advantage win then the back bet will win but if they don’t (i.e draw or other team win) then the ‘dutch bet will win.
Real life example
Here’s a real life example for the Southampton v Crystal Palace match.
Here you can see we can bet on Southampton to win at odds of 2.1 at William Hill
Here we can bet on Crystal Palace +0.5 at odds of 1.82 at 188bet
By betting on both of these we can cover all the outcomes.
If Southampton win we win the William Hill bet
If Crystal Palace win we win the 188bet bet
If it’s a draw we also win the 188bet as Crystal Palace have a +0.5 advantage.
Calculating the stake a real life example
In order to calculate the stake we first input the odds of both matches and the back stake that we want to use; this will normally be the bonus qualifying bet, for this example we’ll use £50 at William Hill.
Once we’ve input the back bet amount and the odds you can see that Ultimatcher has calculated a bet of £57.62 at 188bet. (If yours doesn’t show this, check that you’ve selected back and not lay for the right hand bet).
As we mentioned earlier I prefer to avoid betting such specific amounts so in this example I’d round the 188bet to £57, £58 or even £60 depending on my personal situation. In the long term it will make little difference what you round it to but for more information on deciding how much to underlay or overlay, check this out.
Why not just lay Southampton?
Although Dutching can seem complicated once you get used to it it’s actually very simple and has some major advantages. Firstly you don’t have to worry about exchange liquidity but more importantly it can often generate more profit than a straight lay.
At the time of writing you could lay Southampton for 2.22. When we put this into our calculator we see a £4.03 loss rather than a £2.69 loss from the dutching.
This might seem like a small difference but over the long run it can add up to huge amounts.
Where should I place Asian Handicap bets?
There are a number of sites that I use Asian Handicap bets but my favourite is 188bet they:
- Offer great Asia Handicap odds
- You can see the maximum bet on the bet slip,
- They offer a sign up bonus so when you dutch you’re actually qualifying for another bonus at the same time
- Finally if you deposit via Skrill you can get withdrawals processed often within 60 minutes – this is invaluable for managing cashflow
If you don’t want to use 188bet then other sites to check out are:
Pinnacle Sports – who offer the largest bet sizes I’ve ever seen (£4million on the world cup final)
SBO Bet – who offer extremely competitive odds, it’s just a shame there’s no bonus for UK
What should I watch out for?
The main thing to watch out for is the level of advantage on the bet you’re taking. Make sure it’s a point five (.5), there are other bets with have round amounts and some that have .75 advantages, both can be used as you can in experience but due to the potential to get a PUSH I’d avoid them when you first start dutching.
Can I still bet on horses and other markets?
While technically you could ‘Dutch’ horses realistically it would be nearly impossible to place back bets on each horse at competitive enough odds to be worthwhile.
3 way markets can be an option (i.e. Home, Draw and Away) but the calculations can be tricky and the margin for error small. I’d highly recommend that you stick with 2 way markets for Dutching.
Hopefully this is a useful article and saves some people in exchange commission if nothing else.
Please pout any questions in the comments below and I’ll do my best to answer them