Horse betting overlay strategy is one of the most simple techniques in the area. In an age exactly where everything is dominated by technology 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 have been several books and content articles written on the subject. An overlay occurs when a horse goes for a comparatively higher cost than it had been predicted to go. As it’s been said, gambling and betting is a matter of chance. There is 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 lots 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 continuous 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 a number of them achieve success.
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 betting. 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 instance, at Park Fairmount in Illinois, many people organize parties to attract inexperienced beginners as well as increase the stakes and thus gain profits.
The overlay, which basically means, increased price of a horse independent of their last overall 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.
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 cash resources and thus affect the odds table. An additional factor that might lead to 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 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 phenomenon in the sports betting field, as it can certainly 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.