How do you account for Freeplay money when dutching?
If I have freeplay funds and I wish to use them to dutch, how do I account for the fact that the stake will not be returned when figuring out how much to place on each outcome?
Work out your net winnings, ie if you have a $100 freeplay bet at odds of +400 then you are winning $400 there on that, so bet however much you want on the other side but dont bet over $400 or you will be in a loss position. You basically have $400 of equity to use on the other bet and you can use as much or as little of it as you want.
Lazza probably has a spreadsheet!
(sorry thats an "in" joke, but I will PM him anyway for you since he probably does)
Have a plan and stick to it
I've got a dutching spreadsheet at the moment, but it works on the basis that all of the money is mine (i.e. all stakes will be included in returns). I use it for straight arbing rather than freeplay, but I'm not sure how I get it to work in the same fashion but just take into account that one side of the match is basically an SNR bet.
Not sure I'm making too much sense!
Im not sure what your spreadsheet is set up to do etc BUT if it uses decimals would you be able to enter the odds for the freeplay bet as "1" lower than they really are. So if your odds were 5.5 showing your total return including stake then enter 4.5 which would show your Net return?
Perhaps, i genuinely am guessing that but it might get what you want.
Have a plan and stick to it
Ah OK, so I just need to minus one from the odds on the side that is using the Freeplay funds.
Nice one, thanks.
Yep, Andy's spot on there. If it's a free bet where your stake isn't returned you're effectively betting at 1 less than the bookie's odds.
That's why high odds pay out a better return a dutch of 100/1.01 on a free play is effectively a 99/1.01 dutch - pretty similar so a good % return whereas a dutch of 2/1.5 pays out like a 1/1.5 dutch - pretty crummy
If you want a spreadsheet that allows you to do dutches on freeplay (stake not returned if you prefer) without all the time consuming 'minus 1' hastle then try the one in this thread. It shows a range of odds as it's designed to show the odds splread at Betfair/Betdaq but is fine if you're using bookies
For a normal dutch put your stake in the 'stake' box and leave the 'stake forfeit' box empty.
For a freeplay you'd put the same amount in both boxes.
For a 'double your winnings' type offer you'd put twice your stake in the 'stake' box and your actual stake in the 'stake forfeit box'.
If you find that confusing then ask and I'll try to explain if better.
How would you dutch when you have an offer that if a side does not happen then you get your stake back on that bet.
EG - First team to score.
If there are no goals scored then your stake is returned
Can anybody help me with this???
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