Horse betting overlay strategy is one of the most primitive techniques in the field. In an age exactly where every thing is dominated by technology and people have sophisticated systems like horse betting software, this strategy comes into usage very rarely. This is also called the under bet. Due to its primitive nature, there has been numerous books and content articles written on the topic. An overlay occurs whenever a horse goes for a comparatively higher cost than it had been predicted to go. As it has been said, gambling and betting is a matter of chance. There’s an equal chance of a specialist losing as of a newbie winning. Here is when overlay comes in the game.
The overlay strategy best comes into account when there is a majority of handicappers on the track. Normally, a horse racing betting day begins with the morning line races. The gamblers put in lots of thought and research on picking the actual morning line choices because everyone wants to start the day afresh with a win. However, as the day proceeds, due to constant losses, people get snappy and therefore are eager to cover up the dayï¿½s losses. So, in their desperation they try to go for overlay, and some of them become successful.
There are many betters who are on the lookout for inexperienced betters. These folks don not know anything about the game. They are lured by some clever people who promise them huge profits by gambling. The motive of their false promise is to boost the stakes levels on their bet so that if their own bet wins, their earnings are maximized. For example, at Park Fairmount in Illinois, many people organize parties to attract inexperienced beginners and increase the stakes and thus gain profits.
The overlay, which essentially means, increased price of a horse independent of their last overall performance mostly occurs due to a idea called soft spot. A soft spot is actually when the odds in a race do not match the predictions by the specialists. This may happen because of an injury or some other similar element. If the person has decent knowledge of the overall game, he will be in a most beneficial position in these types of circumstances.
An additional reason for the actual occurrence of the overlay concept is that activity bookies bet on various different sports simultaneously. This might result in emptying of their money resources and thus affect the odds table. Another factor that could trigger overlay is the prestige of the underdog. There is a significant amount of discussions amongst the betters on the abilities of an underdog. It has been often observed that the least favored horse wins the race. There’s a constant fear amongst the betters of that being repeated. Also that gambling on an underdog is considered courageous as well as increases the social standing of the person. So, these factors add on to the occurrence of overlay.
So, horse betting overlay is a very important phenomenon in the sports betting field, as it can certainly single handedly turn the furniture of horse betting. It has the actual potential to turn a winner into a loser as well as vice-versa.