Horse betting overlay strategy is one of the most simple techniques in the field. In an age where everything is ruled by technologies and people have sophisticated systems like horse betting software, this strategy comes into usage very rarely. This is also called the under bet. Because of its primitive nature, there has been several books and content articles written on the topic. An overlay occurs when a horse goes for a comparatively higher price than it was predicted to go. As it’s been said, gambling and betting is a matter of opportunity. There is 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 a lot of thought and research on picking the morning line choices simply because everyone wants to start the day afresh with a win. Nevertheless, as the day proceeds, due to continuous losses, people get snappy and are eager to cover up the dayï¿½s losses. So, in their desperation these people try to go for overlay, and a number of them become successful.
There are lots of betters who are on the lookout for inexperienced betters. These people don not know anything about the game. They are lured by some clever people who promise them huge profits by betting. The motive of their false promise is to increase the stakes levels on their bet so that if their own bet wins, their profits are maximized. For example, at Park Fairmount in Illinois, lots of 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 when the odds in a race do not match the forecasts by the specialists. This may occur due to an injury or some other similar factor. If the person has decent knowledge of the game, he will be in a most advantageous position in these kinds of circumstances.
An additional reason for the occurrence of the overlay concept is that sport bookies bet on various different sports at the same time. 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’s a substantial amount of discussions amongst the betters on the abilities of an underdog. It has been often noticed 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 individual. So, these factors add on to the occurrence of overlay.
So, horse betting overlay is a very important trend in the sports wagering field, as it can single handedly turn the tables of horse betting. It has the actual potential to turn a winner into a loser as well as vice-versa.