Each Way Dutching

• Dutching Each Way Betting Calculator
• Each Way Dutching Tool
• Each Way Dutching Spreadsheet

In one example, a bookmaker has offered the following odds and attracted one bet on each horse whose relative sizes make the result irrelevant. The implied probabilities, i.e. Probability of each horse winning, add up to a number greater than 1. º Each way calculator. º Dutching calculator. º Accumulator calculator. What is a matched betting calculator? A matched betting calculator is a bit different to a regular odds calculator as it will help you calculate how to place lay and back bets to unlock profit from the free bets offered by bookmakers. It's an important tool because it.

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  “Its so versatile, there are so many things you can do on this that you cannot do on anything else. (other bots)”
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  “If you have an idea for a betting scenario, you can 99% of the time program Market Feeder to do it.”
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  “Achieve high degree of confidence in my logic by testing results using several past horse races.”
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  “Easy way to place automated bets when there are a lot of sports events going on.”
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  “It's automatic. I love it because of the flexibility to accomplish every strategy that a gambler has. Also, for people with no programming knowledge, you offer a great 'make me a trigger service'. Thank you and keep it up!”
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  “Helps immensely with back testing of strategies etc.”
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  “I like being able to test systems, writing triggers.”
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  “I like it's core functionality in that you can quickly reply games and speed through them to cut down on time.”
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It combines all the usual tools a BetFair bettor needs with unique applications for scheduled, preprogrammed tasks.

• Market Locator for quick search of markets (i.e. football matches, horse races, greyhounds, tennis etc.) based on your criteria
• Triggered Betting for setting up instructions to the program which can implement any staking plan or betting system
• Time Machine for backtesting betting strategies based on real historical markets downloaded from BetFair

Dutching Each Way Betting Calculator

Watch how profit is generated fully automatically with MarketFeeder Pro:

MarketFeeder Pro is for you if you are tired of paper trading and want to stop doing everything manually. You can operate this software with by keying in simple instructions in a special editor. It will then automatically add markets and place bets according to those instructions, even when you are not around! Perfect for bettors that have daytime jobs and other activities.

The features that make it stand out are:

• The ability to test any betting system or strategy without risking money. Using virtual funds, you can refine your betting techniques again and again, until you are ready to place a bet with real money.
• Triggered Betting facility allows you to key in the formula and principles of your betting strategy just once, then watch the program automatically place bets in numerous markets for you. Forget about paper trading and mentally calculating loads of figures.
• Its amazing flexibility helps you configure the program completely to your taste.
• The growing library of trigger examples and articles on our web site will guide you through the process of mastering this unique piece of software.

• You can monitor as many different markets as you want at the same time.
• Refresh rate up to 0.3 sec.
• Automated trading built-in:
  • Auto-Greenup (offset betting, hedging),
  • Auto-Dutching (arbitrage)
  • Ladder interface for scalping
• Triggered Betting - this is what makes MarketFeeder Pro the ultimate tool for a pro!
• Send SMS/Text on your mobile to stay informed of what's going on in the program.
• Interaction with Excel, ability to build your own macros.

From the first glance at MarketFeeder Pro you understand that it is designed to make your betting convenient. The interface of the program is very similar to that of BetFair’s. You can quickly access all market information and place and edit your bets. The tree of events, market window and the list of your bets are located exactly where you would look for them.

The annoying sluggishness of the exchange’s web site will not bother you any more. You can place your bets with just one click if you choose. Market prices get updated at a rate of up to 0.5 sec., and you can see how they are changing from the mini-charts in the center of the market window. When a price is growing or dropping down it gets highlighted to let you know where the market is drifting. If you prefer manual betting you have all the conditions for that. One-click betting with pre-defined bet amounts, customized betting that can be called up with a right-click , or a price ladder interface – you are the one to choose!

Hate to risk money when trying new trading approaches? MarketFeeder Pro offers you a great opportunity to test your strategies without spending a penny! As soon as you start using the software you are offered a “Test Balance” which you can replenish with virtual money. Then turn the “Test Mode” on and enjoy the usual trading on the safe side. With virtual money you can bet, cancel bets, see your P/L and available test funds as if they were real. Therefore you can back and lay – see the results, scratch those bets and start over – as many times as you want! Test bets look and behave exactly as if they were real.

Don’t bother yourself with hasty calculations on a sheet of paper when you are about to lose your position. Let MarketFeder Pro do all the computing automatically within an instance.

The most popular auto-trading functions, “Green-Up” (often named hedging or offset betting) and “Dutching” are now performed on every possible occasion automatically. MarketFeeder Pro “knows” when the proper situation in the market occurs, and bets immediately to generate you equal profit on all selections, regardless of the outcome. For “Auto-Greenup” you only need to place your first bet and tell the software how much money you want to win. The software will automatically figure the price and amount of the second bet, and place it on its own.

The “Auto-Dutching” function is even easier. After setting up some options, like profit percentage and the type of bets you are looking for, just turn the “Auto-Dutching” button on and let it monitor the market without your actual presence in front of your computer. It will Dutch in all markets in your list that will have the appropriate book percentage, and as many times as you will tell it.

Having played with all the simple trading functions, take yourself to the highest league of BetFair traders. Start using triggered betting! With a set of instructions called “a trigger” you can order the program to perform any, even most sophisticated, combination of bets conditioned by the special criteria you will specify. With a language close to English you can formulate the market situation that MarketFeeder Pro must look for, and the parameters of the bets it must place or cancel. For example this kind of sentence can be easily transformed into a trigger:

Lay 4 GBP at best lay price on the favourite in Greyhound races if:
The runner’s price has grown up by more than 1.5 within the last 10 minutes
AND It’s less than 1 minute to the off
AND The runner’s price is less than 6
AND Your total profit for the day is less than 20 GBP
Apply a staking plan which will recoup losses automatically if the bet loses.

Triggered betting will change the way you think of trading! You will be relieved from nervous clicking and switching windows in the hope of chasing the chance that often lasts for several seconds only.

If you are an Excel expert, MarketFeeder Pro has many things to offer. You can connect it to any spreadsheet of yours and use the calculations, formulas and macros you have put there. Thus, you can make MarketFeeder Pro to trigger a bet when your formula takes some special value. You can import a list of selections into MarketFeeder Pro. You can watch all market data and use them in your calculations through direct cell references. Finally, you can make the software show custom calculations for each market and selection automatically, based on the formulas you’ll supply.

In gambling, Dutching is sharing the risk of losing across a number of runners by backing more than one selection in a race or event. One needs to calculate the correct stake to place on each selection so that the return is the same if any of them wins. Although not foolproof, because handicapping is still involved^{[clarification needed][What does handicapping have to do with it?]}, there have been successful bettors throughout history who have applied this system.^[1] This is not to be confused with what constitutes a Dutch book which is when a bookmaker goes overbroke (the opposite to overround).

It is thought the strategy behind Dutching was originally conceived and employed by Arthur Flegenheimer (also known as Dutch Schultz) alongside various rackets he had running at the racetrack. The system has since taken his name.

The strategy can pay dividends when gamblers successfully reduce the potential winners of an event to a select few from the field or when information about runners not expected to perform well does not reach the market (so as to affect the odds), making it profitable to back the rest of the field.

Dutching can also be used to reduce the price of the commission you would pay at a betting exchange by dutching at two bookmakers (normally Asian style) instead.^{[clarification needed]}

When will dutching be profitable?[edit]

A Dutch or an arb is profitable if the sum of the reciprocals of the decimal odds of each selection is less than 1, and each bet is sized such that the payout in each outcome are the same.

Additionally, the profitability of a Dutch/arb can be expressed as 1-R, where R is the sum of the reciprocals.^[2]

Each Way Dutching Tool

In practice, bookmakers will always ensure that R is comfortably greater than 1, to generate a profit for themselves and to negate the effect of any slight arbitrage possibilities between different bookmakers.

Worked examples[edit]

The simplest form of market to Dutch is two-way, such as a tennis match or a game of football, but any number of runners can be dutched. These examples are based on betting on goals scored in a football game.

Example 1 - an unprofitable two-way arbitrage[edit]

• Over 2.5 - odds of 2.1 at Bookmaker 1 (i.e. 11-10 against)
• Under 2.5 - odds of 1.8 at Bookmaker 2 (i.e. 5-4 on)

Sum of reciprocals = 1/(decimal odds at Bookmaker 1) + 1/(decimal odds at Bookmaker 2) = 1/2.1 + 1/1.8 = 0.476 + 0.556 = 1.032

Therefore, this would give a loss of 3.2% (1 - 1.032 = -0.032) of the total stakes, so these odds are not profitable.

Example 2 - a profitable two-way arbitrage[edit]

In the same situation as above, another bookmaker (Bookmaker 3) is offering odds of 1.95 on the Under 2.5 outcome (unlikely).

• Over 2.5 - odds of 2.1 at Bookmaker 1
• Under 2.5 - odds of 1.95 at Bookmaker 3

Sum of reciprocals = 1/(decimal odds at Bookmaker 1) + 1/(decimal odds at Bookmaker 3) = 1/2.1 + 1/1.95 = 0.476 + 0.513 = 0.989

Therefore, this would give a profit of 1.1% (1 - 0.989 = 0.011) on the total stakes. In this instance, betting $100 on Over 2.5 and $107.69 on Under 2.5 would result in a guaranteed profit of around $2.31.

Each Way Dutching Spreadsheet

See also[edit]

References[edit]

1. ^Gaiti, Ritch (January 12, 2012). '[Dutching the Book]'. Sedona Editions. p. 356. Retrieved 2013-07-21.
2. ^Barnard, T. (2010). ''94.39 An unlikely certainty''. The Mathematical Gazette. 94 (531): 514–517. doi:10.1017/S0025557200001881.

External links[edit]