Hi,
In the place market dutching do I still get the total stake back plus the profit of the greyhound
My total stake is $83.86 covers 7 dogs for a place
As you can see in the image below when I do dutching on the betfair exchange site it shows the green dollars next to the red dollars.
Can some one explain to me dutcing on the place market if it's the same where I get total stake of $83.86 + the green profit not red?
Greyhound Place Market Dutching
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wolfgang1983
- Posts: 49
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ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Jimibt explained it perfectly (quelle suprise) but here's an example...(the green figures you see incl an estimate of the commission)
For the bet you show above, let's say the result was 1, 2, 4
That will be :
1. $16.84 @ 1.57 : Profit $9.60
2. $16.52 @ 1.6 : Profit $9.91
3. No bet
4. No bet
5. $15.02 @ 1.76 : Lose $15.02
6. $8.99 @ 2.94 : Lose $8.99
7. $17.74 @ 1.49 : Lose $17.74
8. $17.74 @ 1.49 : Lose $17.74
9. $7.14 @ 3.7 : Lose $7.14
Total = -$47.12
Now the same calculation assuming that the result was 8,5,6
1. $16.84 @ 1.57 : Lose $16.84
2. $16.52 @ 1.6 : Lose $16.52
3. No bet
4. No bet
5. $15.02 @ 1.76 : Win $11.42
6. $8.99 @ 2.94 : Win $17.44
7. $17.74 @ 1.49 : Lose $17.74
8. $17.74 @ 1.49 : Win $8.69
9. $7.14 @ 3.7 : Lose $7.14
Total = -$20.69
Now try the same calculation yourself assuming that the result was 5,7,9 (what is the total ?)
Now try the same calculation yourself assuming that the result was 8,3,4 (what is the total ?)
Do you see how it works now ?
If you aren't sure how to calculate the win/loss from a single bet, you really need to find that out before doing complex bets like dutching (or bookmaking ). You said in a different message that you stuggled with the dutching calc for the win markets, they are the same as above but of course only one selection will be a "win".
For the bet you show above, let's say the result was 1, 2, 4
That will be :
1. $16.84 @ 1.57 : Profit $9.60
2. $16.52 @ 1.6 : Profit $9.91
3. No bet
4. No bet
5. $15.02 @ 1.76 : Lose $15.02
6. $8.99 @ 2.94 : Lose $8.99
7. $17.74 @ 1.49 : Lose $17.74
8. $17.74 @ 1.49 : Lose $17.74
9. $7.14 @ 3.7 : Lose $7.14
Total = -$47.12
Now the same calculation assuming that the result was 8,5,6
1. $16.84 @ 1.57 : Lose $16.84
2. $16.52 @ 1.6 : Lose $16.52
3. No bet
4. No bet
5. $15.02 @ 1.76 : Win $11.42
6. $8.99 @ 2.94 : Win $17.44
7. $17.74 @ 1.49 : Lose $17.74
8. $17.74 @ 1.49 : Win $8.69
9. $7.14 @ 3.7 : Lose $7.14
Total = -$20.69
Now try the same calculation yourself assuming that the result was 5,7,9 (what is the total ?)
Now try the same calculation yourself assuming that the result was 8,3,4 (what is the total ?)
Do you see how it works now ?
If you aren't sure how to calculate the win/loss from a single bet, you really need to find that out before doing complex bets like dutching (or bookmaking ). You said in a different message that you stuggled with the dutching calc for the win markets, they are the same as above but of course only one selection will be a "win".
Ummm the other thing is that there is no bet on "4 Rough Odds" - so - if that one wins you lose all the 83.86 staked - you need to make a book less than 300% to guarantee a profit on that 3 place market.
Markets where there is more than 1 winner or laying instead are special cases.
Google for Dutching and understand it in depth before experimenting while you still have some money !
Markets where there is more than 1 winner or laying instead are special cases.
Google for Dutching and understand it in depth before experimenting while you still have some money !