Horse betting overlay strategy is one of the most primitive strategies in the field. In an age exactly where everything is actually dominated 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 have been several books as well as content articles written on the subject. An overlay occurs when a horse goes for a relatively higher cost than it was predicted to go. As it has been stated, gambling and betting is a matter of opportunity. There’s an equal possibility of an expert losing as of a beginner 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 because everyone wants to start the day afresh with a win. Nevertheless, as the day proceeds, due to continuous 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 a number of them achieve success.
There are lots of betters who are on the lookout for unskilled betters. These folks don not know anything about the online 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 own bet wins, their profits are maximized. For instance, at Park Fairmount in Illinois, many 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 predictions by the specialists. This may happen because of an injury or some other similar element. If the person has decent knowledge of the game, he will be in a most beneficial position in these kinds 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 lead to emptying of their cash 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 observed that the least favored horse wins the competition. There is a constant fear amongst the betters of that being repeated. Also that betting 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 betting field, as it can single handedly turn the tables of horse gambling. It has the actual potential to turn a winner into a loser as well as vice-versa.