Employing The Dutch Betting System
By: Richard Bleuze
Employing The Dutch Betting System
The Dutch betting system is not really a handicapping method, but a betting system that is used to cover several horses in a race. The Dutch betting system is used to cover all of your bets during a horse race. The Dutch betting system, unlike other horse betting systems, involves betting on as many entries as possible with the hopes that the winnings from one horse will cover and hopefully exceed the losses on the others. The Dutch betting system has been a relatively popular strategy for many years by horse bettors.
The idea behind the Dutch betting system is that the more horses you bet, the better chance you have of winning. Of course, the payoff on your winning horse has to cover the cost of the bets on the losing horses. In this system, the player sets an amount that he hopes to win on the race. The Dutch betting system works like the simple example below.
Lets say you want to generate a $100 return. The horse bettor usung the Dutch betting system then calculates how much is needed to bet on a particular horse to generate a $100 return. Say for example that horse "A" is 4:1 in the betting pool, he would return $10 for a $2 bet. Thus, in order to get back $100 on Horse "A" you would need to bet $20 to win, resulting in a $100 payout ($80 profit + your original $20 bet). If horse "B" was 5:2, it would pay $7 to win, so you would need to bet approximately $29 on that horse to get back $100 (really $105). If horse "C" is 8:1, it would return $18 for a $2 bet, therefore you would need to bet $11 in order to get back $100. So covering all three horses would cost you $60.00.
The Dutch betting system is mainly used when a handicapper does not like the betting favorites in a race and feels that one of the "longshots" will win the race. Using the Dutch betting system he can cover several of the longer priced horses and still make a profit regardless of the outcome.
Use the chart below to figure out how much money you would need to bet on a horse in order to generate a $100 payback. The horse bettor using the Dutch betting system can bet as many horses as the horse bettor likes. However, remember, that your total outlay must be less than $100.
Dutch Betting Chart and Calculator
Parimutual Odds Payout Bet to win $100
1:1 even money $4.00 $50
7:5 $4.80 $42
9:5 $5.60 $36
2:1 $6.00 $33
5:2 $7.00 $29
3:1 $8.00 $25
7:2 $9.00 $23
4:1 $10.00 $20
9:2 $11.00 $18
5:1 $12.00 $17
6:1 $14.00 $14
7:1 $16.00 $13
8:1 $18.00 $11
9:1 $20.00 $10
10:1 $22.00 $9
15:1 $32.00 $6
20:1 $42.00 $5
50:1 $102.00 $2
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About the Author:
Richard provides articles and information about horse betting on his website on http://www.bettingthehorsesonline.com
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Major racetracks
Major horse racetracks in the U.S. were opened
- at Fair Grounds in New Orleans, Louisiana in 1853;
- at Saratoga Race Course in Saratoga Springs, New York in 1863;
- at Pimlico Race Course in Baltimore, Maryland in 1870;
- at Monmouth Park Racetrack in Oceanport, New Jersey, opened in 1870;
- at Churchill Downs in Louisville, Kentucky, opened in 1875;
- at Aqueduct Racetrack in the Ozone Park neighborhood of Queens in 1894;
- at Oaklawn Park in Hot Springs, Arkansas in 1904;
- at Belmont Park in Elmont, New York, just outside New York City on Long Island, in 1905;
- at Fairmount Park Racetrack in the St. Louis suburb of Collinsville, Illinois in 1925;
- at Hialeah Park Race Track in Hialeah, Florida, near Miami in 1925;
- at Arlington Park in the Chicago suburb of Arlington Heights, Illinois in 1927;
- at Santa Anita Park in the San Gabriel Valley community of Arcadia, California, in the Los Angeles area, in 1934;
- at Keeneland Race Course in Lexington, Kentucky in 1936;
- at Del Mar Racetrack in the San Diego suburb of Del Mar, California in 1937;
- at Hollywood Park Racetrack in another Los Angeles suburb, Inglewood, California, in 1938.
Thoroughbred horse racing in the United States has its own Hall of Fame in Saratoga Springs, New York. The Hall of Fame honors remarkable horses, jockeys, owners and trainers.
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