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Dutching is sharing the risk of losing
across a number or runners by backing more than one selection in a race or
event. The process calculates the correct stake to place on each selection
so that the return is the same if any of them wins. This is not to be
confused with what constitutes a Dutch book which is when a bookmaker goes
overbroke (the opposite to overround).
(Overround = A book with a total percentage
over 100 is said to be overround. The percentage 0ver 100% is the
bookmakers profit).
It is thought the strategy behind Dutching
was originally conceived and employed by Arthur Flegenheimer (Other wise
known as Dutch Schultz) alongside various rackets he had running at the
racetrack. The system has since taken his name.
The strategy can pay dividends when
gamblers successfully reduce the potential winners of an event to a select
few from the field or when information about runners not expected to
perform well does not reach the market (so as to affect the odds) making
backing the rest of the field profitable.
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