Horse betting overlay strategy is one of the most primitive techniques in the area. In an age 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 known as the under bet. Because of its primitive nature, there has been several books and articles written on the subject. An overlay occurs when a horse goes for a relatively 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 an expert 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 as well as research on picking the morning line choices simply 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 these people try to go for overlay, and some of them achieve success.
There are lots of betters who’re on the lookout for inexperienced betters. These people don not know anything about the online 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 earnings.
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 when the odds in a race do not match the forecasts by the experts. This may occur due to an injury or some other similar factor. If the person has decent knowledge of the overall game, he will be in a most advantageous position in these types of circumstances.
Another reason for the actual 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. An additional 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’s been often observed that the least favored horse wins the race. 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 an essential phenomenon in the sports betting field, as it can single handedly turn the furniture of horse betting. It has the potential to turn a winner into a loser as well as vice-versa.