Dutching Calculator

What Is Dutching?

Dutching is a betting strategy where you back multiple selections in the same event, splitting your total stake so that you win the same profit regardless of which selection wins. It's named after Dutch Schultz, a famous punter who allegedly used the technique in the 1920s.

How the Dutching Calculator Works

Enter the decimal odds for 2 to 5 selections and your total stake. The calculator divides your stake proportionally based on each selection's implied probability, ensuring equal profit from any winner.

Formula: For each selection i, Stake_i = (1 / Odds_i) ÷ Σ(1 / Odds_j) × Total Stake

When to Use Dutching

• Multiple value picks — you've identified 2-3 selections with value in the same race
• Reducing risk — instead of lumping on one selection, spread for a safer return
• Each-way alternatives — backing several horses at big odds instead of each-way on one
• Exchange trading — building a position before laying off

Dutching vs Hedging

Dutching and hedging both reduce risk, but they work differently:

• Dutching places multiple bets at the same time on different outcomes
• Hedging places a second bet after your initial bet to lock in profit or cut losses

Both lower your variance. Neither eliminates the bookmaker's margin — if all outcomes are from the same bookie, you're still paying the overround. For the best results, compare odds across bookmakers using our Implied Probability Calculator or check the Overround Calculator to find the lowest-margin markets.

Frequently Asked Questions

What is dutching in betting?

Dutching is a betting strategy where you back multiple selections in the same event so that you win the same profit regardless of which one wins. You divide your total stake across the selections based on their odds.

How do you calculate dutching stakes?

For each selection, calculate the implied probability (1/decimal odds). Then divide each selection's implied probability by the sum of all implied probabilities, and multiply by your total stake.

Is dutching profitable?

Dutching can be profitable when you identify value across multiple selections. However, because you're spreading your stake, your returns on any single win are lower than a straight bet.

What's the difference between dutching and hedging?

Dutching places multiple bets simultaneously on different outcomes. Hedging places a second bet after your initial bet, usually to guarantee a profit or reduce loss. Both reduce risk but work differently.