Following from yesterdays introduction to Dutching, today I want to tell you about Hutching and the Oddschecker Hutching calculator.
The Hutching calculator can be used like the Dutching calculator but instead of taking an equal profit whichever of your selections win. You can instead bias your bet towards a particular outcome.
So you could take all your profit from what you consider to be the most likely outcome and break even on other selected outcomes.
So you are hedging your bet, you have a bet, you expect it to win, but you want to cover some other outcomes so you hedge, hence the hutching calculator.
As an example Chelsea are 1.19 to beat West Ham tonight, so they are expected to win. If we think that West Ham are unlikely to score and Chelsea will win we could frame a bet using the hutching calculator.
If we decide to bet the correct scores of 1-0, 2-0, 3-0 & 4-0 which are priced up at 9.6, 7.2, 8.2, 11.5 respectively.
By adjusting our stakes we can pretty much break even on 1-0, 3-0 & 4-0 and take a profit of £38.60 on 2-0, for a total stake of £10.
If we've judged things correctly then that return compares favourably with the £1.90 profit from a straight win bet.
The image below shows the calculator and the stakes required.
The trouble with this hutching calculator is that you have to manually play around with the stakes to get your desired result.
And if all your bets were in the same market, then it's probably just as easy to do this directly into Betfair. But in this case our bets are spread across 2 markets.
Nevertheless this is a a useful way to frame bets to get better value and to bias bets towards what you consider to be the most likely outcomes.
Don't follow the crowd and just bet what is offered to you, hutch your way to profit.