Dutch Wins and More at PTC
Submitted by jimmymayon on Sunday, October 28 @ 05:48:50 MST |
Premier Turf Club or PTC has always been about making the virtual race track experience as realistic as possible. It is the first account wagering service designed and managed by players – for players. That is why in the last few weeks, its website http://www.premierturfclub.com, a forerunner of the latest interactive technology, has upgraded its real-time odds dutching algorithm. This basically means that aside from the essential dutching calculator (the one that calculates the odds against each bet,) this program will also automatically accept bets through a couple of clicks of the mouse button.
So what is dutching or odds dutching? Dutching is one of the many ways of hedging your bets. It is a wage placing strategy that may have low profit margins but has very high Win Frequency of WF. Basically, a player who performs any dutching wager seeks to reduce his possibility of losing by betting on multiple runners or horses; or multiple runner combinations for the same wagering event. The stake placed on each is a function of the public assessment of the probability of success – or simply, the stake goes up against the pre-race determined odds. A great dutching bet would have the same return if any of the wagers win.
There are four possible scenarios when Dutching can be considered a great advantage. One, the player has narrowed down the possible winning runners to two or three; and all these runners can be wagered upon and still generate a positive return. Two, a false favorite is dramatically over bet, and profits can be locked in if any of the runners win (or at the very least, most of the chosen runners win.) Three, in a wide-open, chaos type race, a number of logical long shots can be identified and wagered upon. And lastly, the favorite contender or second favorite contender creates an exacta overlay with the other logical race contenders.
Manual dutching can be further explained by this example@ A player is betting on Entry # 1 at 5-2 and Entry # 2 at 3-1. A Dutching chart shows the $2 return is $7.00 and on # 2 is $8.00. A winning dutching wager would be an $8 bet on Entry # 1 and a $7 bet on Entry # 2; the return in both cases is $28. As a result, the profit on that $15 wager is $13 or roughly, 86% of your initial investment.
With Premier Turf Club’s new upgraded software, dutching becomes much easier and faster. All a player has to do is to click off what he believes to be the winning runners; or, in the case of 2-horse wagers, contenders # 1 and # 2. After that, the program directs the player to set a total wager amount and the minimum return of investment or ROI. The software will automatically size all your wagers to generate an equal return should any of the checked off selection wins. The beauty of this upgraded program is that it is accessible to all PTC members, and it is very user-friendly. There are directional buttons and pop-out windows to guide the player like “View Bet Details,” “View Wagers,” “Today’s Wagers screen, “etc. to name a few
KANATI Inc.
www.kanati.com.ph
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Jimmy Mayon (MBA, BSEE) is a technologist with an enthusiasm for Horse Racing. During the last 25 years he has been managing banking and online transaction processing technologies for private and public sectors. Today he specializes in open source development using Java, PHP, Linux, and MySQL.
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