When huge horse racing events like Cheltenham or the Royal Ascot come around, bookmakers usually offer an extra place race. When incorporated with the ‘dutching’ technique, players could use this to their advantage to potentially make a return. Here at OddsMonkey, we will go through all the details you will need to know, including what dutching is, what an extra place race is, and how we can use both of these together to make the most of the opportunities we are given.
What Is Dutching Extra Place Races
First of all, we will look at what an extra place race is. These types of races are not limited to the big horse race meetings, yet these are the most likely places to find them. These races will increase the each way places to one more place than it usually is. An example would be the bookmaker offering 5 places instead of the usual 4 or 4 places instead of 3, depending on how many horses take part in the race. For players who aren’t quite sure what an each way bet is or how to place one, don’t worry, as we have a each way betting guide for you to check out here!
Now for the dutching part, this is a technique known for backing all of the outcomes in the event and can be used as an alternative to laying bets. By using different bookmakers, players can back all possible outcomes and is typically done on events with two or three possible outcomes, but it can still be used on any event such as horse racing. We have an entire dutching match betting guide here at OddsMonkey for players to refer to if they need clarification on how dutching works down to the finest detail.
How Dutching Extra Place Races Works
Dutching is technically classed as a matched betting strategy, yet lay bets and a betting exchange are not needed to complete this strategy. As players place different back bets on different bookmakers, it is important to use our dutching calculator to ensure you are using the right figures and stakes with the odds and places available to you. If users do not use the correct figures, then the profit is not locked in, and this could result in a loss. The dutching calculator can be used for multiple different sports and considering there are multiple different stakes and bets needed, the maths can be confusing meaning the calculator is necessary.
For the actual technique, we will use an example to showcase how dutching actually works. If a bookmaker is offering 5 places instead of 4, this means if we back all of the horses in the race, we will be paid £1000 instead of £800 if there were only 4 places being paid. This means all the horses must have stakes in place that match the odds to ensure a profit. With this technique, there are different amounts of profits being locked in, meaning players can get a range of different amounts depending on how much is staked.
How Does Dutching Extra Place Races Link To Matched Betting
Dutching in general is known as a matched betting technique due to the ability to lock in profits with the correct maths. Despite lay bets and betting exchanges not being used, Dutching is still classed as part of this family. If done correctly, there will be losses from the other stakes that did not win, however with careful mathematics, the qualifying profit will make up for the qualifying losses therefore leading to a profit.
As dutching is part of matched betting, we have plenty of different guides and our extensive matched betting blog, which has various techniques for users to try out surrounding this innovative strategy!
Learn More About Matched Betting At OddsMonkey
With dutching extra place races being one of the many matched betting techniques, we have a load more guides of how to get into matched betting here at OddsMonkey. You could check out our sport specific guides such as our football matched betting guide or our horse racing matched betting guide which will guide you through all the different techniques and tools you can use to match bet effectively and sustainably.
