Horse betting overlay strategy is among the most primitive strategies in the area. In an age exactly where everything is ruled by technology and people have advanced systems like horse betting software, this strategy comes into usage very rarely. This is also known as the under bet. Due to its primitive nature, there has been several books as well as articles written on the topic. An overlay occurs when a horse goes for a comparatively higher cost than it was forecasted to go. As it’s been said, gambling and betting is a matter of opportunity. There is an equal possibility 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 as well as research on picking the actual morning line choices because everyone wants to start the day afresh with a win. Nevertheless, as the day proceeds, due to constant 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 many 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 gambling. The motive of their false promise is to increase the stakes levels on their bet so that if their bet wins, their profits are maximized. For example, at Park Fairmount in Illinois, lots of people organize parties to attract inexperienced beginners as well as increase the stakes and thus gain profits.
The overlay, which essentially 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 advantageous position in these types of circumstances.
An additional reason for the occurrence of the overlay concept is that activity bookies bet on various different sports simultaneously. This might lead to 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 capabilities of an underdog. It’s been often observed that the least favored horse wins the competition. There’s a constant fear amongst the betters of that being repeated. Also that gambling on an underdog is considered courageous and increases the social standing of the person. So, these factors add on to the occurrence of overlay.
So, horse gambling overlay is a very important phenomenon in the sports betting field, as it can single handedly turn the furniture of horse gambling. It has the potential to turn a winner into a loser and vice-versa.