The term "Dutching" in betting or trading means to back several selections in an event so that if any one of them wins, the return is exactly the same.
In this article, I will explain where the term "Dutching" comes from (probably not what you're guessing!), how it works in football trading and how to actually Dutch markets yourself.
Origin of Dutching
Firstly, it has nothing whatsoever to do with the Dutch!
The name comes from the Prohibition Era in the United States.
Al Capone's accountant, Dutch "Dutchy" Schultz developed the technique in order to lay horses, long before Betfair trading was available.
He would bet different amounts on a number of horse so that the profit would be the same, no matter which of his horses won the race.
Essentially, Dutchy Schultz was laying the horse (or horses) he didn't expect to win, by backing others in the same race which he thought had a better chance of coming home first.
Dutching and football trading
There are many uses for Dutching when trading football matches.
The most obvious are markets with numerous outcomes, such as the correct score market.
Let's assume you want to set up a correct score trade in the match between Everton and Spurs.
You're pretty confident of a home win and a few goals, so you want to back 2-0, 2-1 and 3-0.
You quickly enter the prices for each score into our free Dutching calculator and set your total stake to £100.
It's then a simple task to head over to Betfair and open your positions in the correct score market.
They all have the same profit (give or take a few pennies) and you're all set to trade.
You could also use trading software such as Fairbot to Dutch a number of selections very quickly.
Some markets are already Dutched, such as Double Chance.
Looking at Everton v Totenham again, the Match Odds market is priced as follows:
- Everton: 3.70
- Tottenham: 2.24
- Draw: 3.45
If I were to Dutch the market myself, I come back with the following prices:
- Home or Draw: 1.79
- Draw or Away: 1.36
- Home or Away: 1.40
There was not much liquidity in the Betfair market close to kick-off, but you can see that the prices are similar.
The Double Chance market has already Dutched each of the two selections, though with no liquidity it would be almost impossible to trade.
Now that you understand how Dutching works, you will be able to use the Match Odds market instead which always has a lot more liquidity in the bigger leagues.
How to calculate stake amounts
The easiest way to work out stake amounts is to use use our Dutching calculator.
However, here are the maths for those who like detail behind the numbers.
Let's assume that you have three selections at 5.00, 6.00, 7.00 and you're going to back them for a total of £100.
Firstly, divide the total stake by each of the prices:
- £100 / 5.00 = 20.00
- £100 / 6.00 = 16.67
- £100 / 7.00 = 14.29
Then add the three results together:
- 20.00 + 16.67 + 14.29 = 50.95
Finally, divide each of the results by the total:
- 20.00 / 50.95 = £39.25
- 16.67 / 50.95 = £32.71
- 14.29 / 50.95 = £28.04
And there are your stake amounts:
- £39.25 @ 5.00 = £196.26
- £32.71 @ 6.00 = £196.26
- £28.04 @ 7.00 = £196.26
Plus, of course, the stake amounts add up to your total stake:
- £39.25 + £32.71 + £28.04 = £100
If any of your three selections wins, your profit will be £196.26 - £100 = £96.26.
You will also need to account for betting exchange commission unless you are using a traditional bookie.
Quick, easy and free!