Horse betting overlay strategy is among the most simple techniques in the area. In an age exactly where every thing is ruled by technologies and people have advanced 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 have been numerous books and content articles written on the topic. An overlay occurs when a horse goes for a relatively higher cost than it was predicted to go. As it has been said, gambling and betting is a matter of chance. There’s an equal possibility of an expert losing as of a newbie winning. Here is when overlay is available 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 because everybody wants to start the day afresh with a win. However, 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, as well as a number of them achieve success.
There are many betters who are on the lookout for unskilled betters. These folks 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 boost the stakes levels on their bet so that if their bet wins, their earnings are maximized. For instance, at Park Fairmount in Illinois, many people organize parties to attract inexperienced beginners and increase the stakes and thus gain profits.
The overlay, which basically means, increased price of a horse independent of their last performance mostly occurs due to a concept called soft spot. A soft spot is actually when the odds in a race do not match the predictions by the specialists. This may occur due to an injury or some other similar element. If the person has decent understanding of the overall game, he will be in a most beneficial 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 simultaneously. This might result in emptying of their cash resources and thus affect the odds table. An additional 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’s been often observed that the least favored horse wins the competition. There is 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 phenomenon in the sports betting field, as it can certainly single handedly turn the furniture of horse gambling. It has the potential to turn a winner into a loser and vice-versa.