Dutch and Hedge
a
Football Match on Betfair or other exchange.
Bet or lay several selections in 1 or 2 markets, using a spreadsheet
to show your overall position across both markets, including commission
deductions.
2 NEW Spreadsheets
designed for combining Correct Score with other markets
Dutch and Hedge in 2 Betfair markets
using balanced staking.
Lay first or bet first spreadsheets for trading football.
If we bet and lay in 2
related markets, Betfair is unable to show our whole market position
across both markets.
Our betting exchange will only show our market position in the 2
individual markets. Betfair cannot show losses or gains in 2 markets combined.
The 2 football "Dutch
and Hedge" spreadsheets below
overcome that problem by showing our total market position across
2 markets, including commission deductions.
The Dutch and Hedge spreadsheets below
were designed for use in football markets but can be used for
trading across 2 related markets in any sport.
Trading related markets in Betfair.
Losses may not be
deducted before commission.
When we trade across 2 or more markets in Betfair, we may think that
we see a profit from our total trade, but commission deductions can put our whole
trade into the red. That may not be obvious whilst we are trading.
As you know, losses in one market are not deducted
before commission is deducted in a 2nd winning market, so trading
across 2 markets rather than in one can be expensive
Don't trade the same
thing twice.
If you trade across 2 or
more related markets, it is very important that you don't trade the
same thing twice.
Example.
The Scores 0-0, 1-0, 0-1 are
the same as Under 1.5 Goals.
It would be a mistake to lay those scores and also lay Under 1.5
Goals.
If you make a mistake and Lay the same thing but in different
markets, you could have payout on the same result twice instead of
once.
If you bet on the same thing and don't hit a winner, you will have
more losing bets than expected.
It is very important that you are sure of the relationships between
Betfair markets.
Betfair provides a wide range of markets for the same event,
especially for football matches.
Many of these markets may be related in that you could bet in one
market and lay the same thing in another, or bet in both, or lay in
both.
Watch an
Equivalent markets video
There's only one
winner.
As a shortcut, these related markets can save us time whilst trading
and help to keep things simple.
Unfortunately, these "Betfair shortcut markets" are of most benefit
to Betfair.
If we trade in a single market, losses are deducted from winnings
before commission is paid.
If we trade 2 related markets, losses in one market are not deducted
from winnings in a 2nd market, so commission will be paid on total
winnings in one market rather than total profit of the whole trade.
Also, if we have a big loss in one market but smaller winnings in a
2nd market for an overall loss, we will still pay commission on the
total of the winnings profit that we have in our 2nd market.
If the whole trade was all in the same market, there would be zero
commission to pay on a losing trade.
You are probably already
aware of those points above.
The extra commission payments and losses not being deducted before
commission don't do us any favours, but will be big winners for
Betfair when they collect their commission.
We all trade across 2 related markets at some point, but it can be
expensive.
Keeping track of our whole trade across 2 markets and getting the
staking right is not easy.
__________________________________________
The spreadsheets below
were
designed specifically to trade Betfair's Correct Score market with
other related markets such as Match Odds, Under/Over Goals, etc.
Dutching your trade with balanced staking, may be far easier
to work with than simply guessing the size of stakes "In Play"
during the heat of battle when the pressure is on.
Spreadsheet feature
:-
These spreadsheets are split into 2 sections.
These individual sections can be used to Dutch and Hedge a single
market or 2 markets combined.
Dutching stakes are balanced and across both markets for an equal
profit or loss before commission deductions.
Hedge an individual selection and the spreadsheet shows the stake
required to trade that single selection for an equal profit or loss. Note that due to Excel calculations working to several
decimal places, returns may differ very slightly from what is shown
on your Betfair screen.
Depending on stake sizes, there should normally only be a few pence
difference between the spreadsheet and Betfair.
Bet
first, lay 2nd - -
- - Dutch
and Hedge 2
Betfair markets£10
Use this spreadsheet to bet several selections in 2
different markets.
Also, after placing bets, lay any individual bet to equalize that part of
the trade.
The spreadsheet shows our whole market position after
commission deductions, across both
markets combined.
After payment via
PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the
Excel spreadsheet file.
Use this spreadsheet to
show the stakes required to bet several selections for an equal profit or loss in one or 2 Betfair markets.
Then, if you choose, as the odds change, lay to equalize individual
selections for an equal profit or loss on those selections.
After betting, enter lay odds into the sheet for any of those
individual bets and the sheet shows the lay stake required to
equalize that individual selection for an equal profit or loss.
Our position is shown in the 2 single markets, and also across the 2
markets combined.
Commission deductions are built into the spreadsheet.
___________________________________
Lay first, bet 2nd - -
- - Dutch
and Hedge 2
Betfair markets£10
Use this spreadsheet to lay several selections in 2
different markets.
Also, after placing lays, bet any individual lay to equalize that part of
the trade.
The spreadsheet shows our whole market position after
commission deductions, across both
markets combined.
After payment via
PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the
Excel spreadsheet file.
Use this spreadsheet to
show the stakes required to lay several selections for an equal profit or loss in one or 2 Betfair markets.
Then, if you choose, as the odds change, bet to equalize individual
selections for an equal profit or loss on those selections.
After laying, enter bet odds into the sheet for any of those
individual lays and the sheet shows the bet stake required to
equalize that individual selection for an equal profit or loss.
Our position is shown in the 2 single markets, and also across the 2
markets combined.
Commission deductions are built into the spreadsheet.
Video 1 demonstrates the spreadsheet
inputs and how it works using the Bet First spreadsheet.
Video 2 demonstrates the Lay First
spreadsheet.
Spreadsheet inputs for this sheet are as demonstrated in video No.
1.
For a BIGGER VIEW of these videos, click the small icon bottom right
with 4 square corners.
To move from one video to the next, click the "Next" arrow, bottom
left of the YouTube screen.
Video 3. Bet in
Correct score using an insurance bet to cover a 0-0 result.
Video 4. Lay in
Under 2.5 Goals in Correct Score using insurance against a 0-0
result.
