Dutch and Hedge in 2 Betfair markets
using balanced staking.
Lay first or bet first spreadsheets for trading football.
If we bet and lay in 2
related markets, Betfair is unable to show our whole market position
across both markets.
Our betting exchange will only show our market position in the 2
individual markets.
Betfair cannot show losses or gains in 2 markets combined.
The 2 football "Dutch
and Hedge" spreadsheets below
overcome that problem by showing our total market position across
2 markets, including commission deductions.
The Dutch and Hedge spreadsheets below
were designed for use in football markets but can be used for
trading across 2 related markets in any sport.
Trading related markets in Betfair.
Losses may not be
deducted before commission.
When we trade across 2 or more markets in Betfair, we may think that
we see a profit from our total trade, but commission deductions can put our whole
trade into the red. That may not be obvious whilst we are trading.
As you know, losses in one market are not deducted
before commission is deducted in a 2nd winning market, so trading
across 2 markets rather than in one can be expensive
Don't trade the same
thing twice.
If you trade across 2 or
more related markets, it is very important that you don't trade the
same thing twice.
Example.
The Scores 0-0, 1-0, 0-1 are
the same as Under 1.5 Goals.
It would be a mistake to lay those scores and also lay Under 1.5
Goals.
If you make a mistake and Lay the same thing but in different
markets, you could have payout on the same result twice instead of
once.
If you bet on the same thing and don't hit a winner, you will have
more losing bets than expected.
It is very important that you are sure of the relationships between
Betfair markets.
Betfair provides a wide range of markets for the same event,
especially for football matches.
Many of these markets may be related in that you could bet in one
market and lay the same thing in another, or bet in both, or lay in
both.
Watch an
Equivalent markets video
There's only one
winner.
As a shortcut, these related markets can save us time whilst trading
and help to keep things simple.
Unfortunately, these "Betfair shortcut markets" are of most benefit
to Betfair.
If we trade in a single market, losses are deducted from winnings
before commission is paid.
If we trade 2 related markets, losses in one market are not deducted
from winnings in a 2nd market, so commission will be paid on total
winnings in one market rather than total profit of the whole trade.
Also, if we have a big loss in one market but smaller winnings in a
2nd market for an overall loss, we will still pay commission on the
winnings profit that we have in our 2nd market.
If the whole trade was all in the same market, there would be zero
commission to pay on a losing trade.
You are probably already
aware of those points above.
The extra commission payments and losses not being deducted before
commission don't do us any favours, but will be big winners for
Betfair when they collect their commission.
We all trade across 2 related markets at some point, but it can be
expensive.
__________________________________________
The spreadsheets below
were
designed specifically to trade Betfair's Correct Score market with
other related markets such as Match Odds, Under/Over Goals, etc.
Dutching your trade with balanced staking, may be far easier
to work with than simply guessing the size of stakes "In Play"
during the heat of battle when the pressure is on.
Spreadsheet feature
:-
These spreadsheets are split into 2 sections.
These individual sections can be used to Dutch and Hedge a single
market or 2 markets combined.
Dutching stakes are balanced and across both markets for an equal
profit or loss before commission deductions.
Hedge an individual selection and the spreadsheet shows the stake
required to trade that single selection for an equal profit or loss. Note that due to Excel calculations working to several
decimal places, returns may differ very slightly from what is shown
on your Betfair screen.
Depending on stake sizes, there should normally only be a few pence
difference between the spreadsheet and Betfair.
Bet
first, lay 2nd - -
- - Dutch
and Hedge 2
Betfair markets£10
Use this spreadsheet to bet several selections in 2
different markets.
Also, after placing bets, lay any individual bet to equalize that part of
the trade.
The spreadsheet shows our whole market position after
commission deductions, across both
markets combined.
After payment via
PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the
Excel spreadsheet file.
Use this spreadsheet to
show the stakes required to bet several selections for an equal profit or loss in one or 2 Betfair markets.
Then, if you choose, as the odds change, lay to equalize individual
selections for an equal profit or loss on those selections.
After betting, enter lay odds into the sheet for any of those
individual bets and the sheet shows the lay stake required to
equalize that individual selection for an equal profit or loss.
Lay first, bet 2nd - -
- - Dutch
and Hedge 2
Betfair markets£10
Use this spreadsheet to lay several selections in 2
different markets.
Also, after placing lays, bet any individual lay to equalize that part of
the trade.
The spreadsheet shows our whole market position after
commission deductions, across both
markets combined.
After payment via
PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the
Excel spreadsheet file.
Use this spreadsheet to
show the stakes required to lay several selections for an equal profit or loss in one or 2 Betfair markets.
Then, if you choose, as the odds change, bet to equalize individual
selections for an equal profit or loss on those selections.
After laying, enter bet odds into the sheet for any of those
individual lays and the sheet shows the bet stake required to
equalize that individual selection for an equal profit or loss.
Our position is shown in the 2 single markets, and also across the 2
markets combined.
Commission deductions are built into the spreadsheet.
Video 1 demonstrates the
spreadsheet inputs and how the spreadsheets work using the Bet First spreadsheet.
Video 2 demonstrates the Lay First
spreadsheet.
Spreadsheet inputs for this sheet are as demonstrated in video No.
1.
For a BIGGER VIEW of these videos, click the small icon bottom right
with 4 square corners.
To move from one video to the next, click the "Next" arrow, bottom
left of the YouTube screen.
Video 3. Bet in
Correct score using an insurance bet to cover a 0-0 result.
Video 4. Lay in
Under 2.5 Goals in Correct Score using insurance against a 0-0
result.
________________________________________________
Lay
combining 2 Dutching methods
Copy what a bookie mighty do. Target runners
to lose.
These Double Dutch spreadsheets combine 2 different methods of
Dutching in their calculations.
To use these spreadsheets, you will need your own selection method
for finding suitable runners to lay.
2 Basic strategies.
Lay one or more targeted
runners to lose.
Lay other runners to
reduce the liabilities of those targeted runners.
If we hit the winner with one of these extra lays, we break even on
the whole trade.
Alternatively, we can
stake so that we show a profit
if we hit the winner with one of these extra lays.
If we lay non-target runners for a profit, we only need to lay 2 or
more of these extra runners to show a profit if we hit the winner
with one of them.
These profitable extra lays also reduce the liabilities of our
targeted runners.
As these Non-Target lays
will either break even with zero loss if we hit a winner with one of
them, or will show a profit, we may not be too concerned whether we
hit a winner or a loser with one of these non-target Lays.
After payment via
PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the
Excel spreadsheet file.
This spreadsheet was
designed for laying just one or 2 target runners well before race
time. Occasionally, the odds of a target runner would go down
dramatically, which could indicate that it might win. Using the
stakes shown in this spreadsheet, we can lay any other runners we
like to reduce our liabilities on our target lays.
We have placed our
target lays earlier in the day. In order to maintain those lay
stakes as we lay additional runners to break even, the additional
non-target, break even lay stake sizes grow rapidly as we enter more
odds into the sheet. Once we feel comfortable with the
liabilities shown in the spreadsheet against our target lays, we
place the non-target lays in Betfair.
Spreadsheet feature
:-
This method uses larger lay stakes on non-targeted runners than the
other methods shown here. These larger lay stakes on non-target
runners can make this method very profitable if we don't hit the
winner with one of our lays.
This spreadsheet can be
used to lay up to 10 target runners and up to 15 non-target runners.
Videos not yet available.
Lay using 2 Dutching methods plus Break Even£10 Lay to set stakes
limit on a target runners.
Break even on non-target lays
After payment via
PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the
Excel spreadsheet file.
This spreadsheet
was designed for laying just one or 2 target runners to a
set stake.
We then lay other runners to break even to reduce the
liabilities on those target lays.
Because of how the
spreadsheet works, it would be best to either place the non-target
lays first followed by the target lays, or place all the lays at the
same time. As we enter odds into the spreadsheet, the stakes for
the non-target lays remain unaltered. The stakes for target lays
alter as other odds are entered or removed from the spreadsheet.
Spreadsheet feature :- The 2 Dutching methods used for these
calculations can be used individually if we choose, giving several
options for different ways of Dutching our lays.
Watch 3 Linked videos :-
Demonstrates inputs
and how the Lay spreadsheet works.
An example of Lay
Dutching several runners in Betfair. In this 2nd
video, the winner of the race started from stall No. 2 but
laying in other races at Lingfield using the system shown is not
recommended as a winning method.
A betting version of
this "Break Even" Dutching spreadsheet.
After payment via
PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the
Excel spreadsheet file.
Whilst watching televised horse
racing, television presenters often tell us that the bookies
are targeting one or 2 runners to lose, but will profit if
anything else wins. The bookies will lay most if not all
of the runners, but only lose if the winner is one
particular horse or maybe comes from 2 particular horses.
The spreadsheet below shows the staking for doing that.
A bookie may lay every runner, but we don't need to lay many
selections to make this work for us.
Spreadsheet feature
:-
Using this laying method we can lay a few runners and profit from
some of them even if we hit the winner with one of our lays.
Video 1 demonstrates inputs and how the spreadsheet works. We
can Lay lots of runners but only show liabilities against 1 or 2
runners, with a profit shown against all our other lays
.Lay
several runners in a horse race, adjusting the stakes to balance
your trade
.Target
2, 3, or 4 runners to reduce liabilities on targeted runners.
The football match described near the end of this 3rd video
ended with a score of 3-2.
