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The price of each event in a given market directly correlates to the percentage chance of that event winning. The overround adds all these percentages to give the bettor an idea of the formulation of the market. In main markets such as moneyline and spread betting, the overround is typically low compared to prop bets such as to score the first basket because these prop bets have a higher variance so in order for the book to make consistent profit, they make the overround on these markets higher.
Furthermore, in parlay bets, overround is compounded making the margins even greater for sportsbooks. Using this calculator you can enter the prices of the events in a given market and produce the overround percentage of the market, showing you whether your pick and the market in total is offering a value opportunity. Evidence of this fact is also supplied in our other examples below on the November Handicap and the Paddy Power Chase. Our analysis of outright betting on the World Cup revealed that Betfair's book on the top twelve teams in the betting market was betting to an over-round of Our analysis of the World Cup Final and the third place play off match between Germany and Portugal highlights the extent to which the leading betting exchange Betsson offers the punter value compared with the prices on offer from the German monopolist betting provider Oddset.
A common feature in recent times has seen the development of a trend in cross betting exchange arbitrage, as shrewd punters take a price on Betfair and seek to lay it off on the Betsson exchange. Our first example, concerns the fixed odds betting being offered on the Germany vs Italy World Cup semi final match.
Foreign companies are prevented from competing in the Swedish betting market. In June, for example, Sweden's Gaming board reported the editors of four Swedish newspapers and magazines Expressen, Metro, Slitz and Spray to the police for publishing adverts from foreign gambling companies. The table below, which highlights the prices available on the match at To some extent this can be attributed to Betfair, which curtailed the ability of the big bookmarkers' to manipulate starting prices, through blowing money back into the on-course market.
Then, there were the odds-checking sites such as Oddschecker, which placed the big bookmakers on the same footing as numerous small entrants, and served to put pressure on industry margins by making prices more visible and encouraging a greater intensity of competition. Despite the arrival of internet betting and the betting exchanges, the same situation has not been mirrored in Ireland, where the over-round per runner continues to operate at well over two per cent.
In the www. The eleven runner race was won by the Even money favourite Chateau D'eau. In the BetChronicle. The field comprised of eleven runners. Whilst Irish bookmakers have managed to convey an image of being great risk takers, the truth is, that the huge over-rounds pertaining on almost every horse race run in Ireland, characterise them as being infinitely risk averse. They seemingly spend their entire time shielding against real or imagined insiders, who they believe to be better informed than they are.
The existence of such uncompetitive offerings, would, one would imagine, drive bettors towards the betting exchnages in their numbers, but strangely, this has not been the case to date. It would seem that the informed insiders are happy to play in betting markets exhibiting huge over-rounds, rather than reveal their hands on the betting exchanges.
Accordingly, it is the punters in the Irish betting shops who suffer; many of whom know no better than to bet at SP. An interesting aspect of the Irish betting market over the past eight years, has been the reluctance of bookmakers to embrace online betting; a fear of margin depletion being the most likely reason. Cashmans of Cork, one of the most high profile Irish bookmakers, shows no sign of making the leap online.
Sean Graham came online and then went back off again. Eastwoods remain offline. Terry Rogers recently entered the fray, and Hacketts are coming back online, having dipped their toes in the water some time ago. BetChronicle now also have an online presence. The betting exchanges Betdaq and Betfair both operate in the Irish betting market. The extent to which Irish punters are being ripped off when it comes to betting on horse racing, has been one of the great untold stories of recent times.
Until now, something akin to a conspiracy of silence has reigned. Everybody knows the shocking over-rounds in operation in the Irish betting market, but everybody just puts up with it for fear of rattling the boat. Even Betfair and Betdaq seem somewhat reluctant to capitalise upon the issue. And as for the irish journalists In the tables below we look at four recent horse race meetings in Ireland.
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Welcome to the dutching calculator website. We have built all the tools you need to make your sports betting and specifically your dutch betting experience better! Below we have a dutching calculator and also some more information about dutch bets in general.
Our dutching calculator allows you to enter a total stake amount that is the total amount you would like to invest into this particular bet overall and enter the odds for each bet you would like to get on. Our calculator will then tell you exactly how much to get on each bet so that you return the same profit if any of them win! As a bettor you can be at times attracted to multiple selections in a market and quite simply, want to get around them all! This is common in horse racing as well as futures markets such as who will win the Superbowl or be the next NBA Champion.
Now you can see why bookmakers love accumulators. Consider the following examples of different markets offering different prices with varying levels of overround on essentially the same bet. You can use the overround calculator above in order to help you with your calculation.
If we break these bets down to calculate the overround, with the help of our odds converter calculator , we see the following:. Team A : 0. Wins if Team A win, returns your stake in the case of a draw and loses if Team B win. Wins if Team A win, returns your stake in the case of a draw and loses if Team B win i. It soon mounts up, so be aware. It works best with sporting events where there are only two potential outcomes.
Because of this, one versus one games where one of the two opponents must win, such as tennis, are particularly well suited to this method. While arbitrage betting is not a new system, the boom in internet gambling and online software has allowed arbitrage betting to grow ever popular much to the annoyance of bookmakers who do not welcome arbitrage betters. Generally speaking, arbitrage betting should guarantee a profit but, because it mainly works on two outcome events and you are backing the loser and the winner, bettors need to place large bets in order to generate any profit or avoid a loss.
Because of the way bookmakers price up their markets using overround, you are guaranteed to lose money just by betting on each outcome in an event with the same bookmaker. Betting exchanges differ from traditional sportsbooks because they allow punters to be the bookmaker and lay bets in a peer to peer platform.
With these betting exchanges, you are betting against other people and not a traditional bookmaker or sportsbook. On a betting exchange you can request a higher price than has been published in a sportsbook and so long as someone else lays the bet by agreeing to meet your challenge, your bet will have been matched. For more complex minded bettors, these exchanges also enable arbitrage opportunities, again to cover all possible outcomes and guaranteeing a profit no matter who wins.
This risk reducing trading strategy is known as hedging your bets and works as a form of insurance, designed to protect your existing bets against potential losses. Generally speaking, the overround will be lower on peer to peer betting exchanges than it is with the high street or online bookmakers.
That said, betting exchanges make their money by taking a small and fair commission which is worth remembering. Our main issue is how much we should consider hedging. Overround, put simply, is the surplus value that has been calculated by adding together all of the outcome odds. This is a simple case of shopping around and doing your research. Betting Overround is the tool that the bookmakers use in order to give them a built-in, risk-free profit margin.
At the end of the day, while many bettors do not give it a thought, understanding overround calculation and how betting odds work is undeniably beneficial when it comes to making money through betting. Such a dismissive attitude could prove to be foolish because knowing the what, why and how of overround will give you a far greater understanding of how the odds of your chosen bet compare to the true odds and likelihood of your predicted outcome.
Open free account with bet Articles assigned to ThePuntersPage. By ThePuntersPage. The Bookmaker margin and Payout will then be calculated automatically. What is Payout in Betting Terms? Why Does a Bookie Need Overround? How Does a Bookie Achieve Overround? ThePuntersPage Final Say. What is Hedge Betting?
England vs India Cricket Betting Guide. One of the more generous overround bookmakers Enormous selection of betting markets Excellent sports coverage on mobile.