Horse betting overlay strategy is one of the most primitive techniques in the area. In an age exactly where everything is actually dominated by technologies and people have advanced 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 numerous books and content articles written on the topic. An overlay occurs when a horse goes for a comparatively higher price than it was forecasted to go. As it has been stated, gambling and betting is a matter of opportunity. 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 a lot of thought and research on picking the morning line choices simply 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 day�s losses. So, in their desperation they try to go for overlay, as well as some of them become successful.
There are many betters who’re on the lookout for unskilled 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 bet wins, their earnings are maximized. For example, at Park Fairmount in Illinois, many people organize parties to attract inexperienced beginners as well as increase the stakes and thus gain earnings.
The overlay, which basically means, increased price of a horse independent of their last overall performance mostly occurs due to a idea called soft spot. A soft spot is when the odds in a race do not match the forecasts by the experts. This may happen due to an injury or some other similar element. If the person has decent understanding of the game, he will be in a most beneficial position in these types of situations.
Another reason for the occurrence of the overlay concept is that sport bookies bet on various different sports simultaneously. This might lead to emptying of their cash resources and thus affect the odds table. Another factor that might lead to 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 noticed 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 and increases the social standing of the person. 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 gambling. It has the potential to turn a winner into a loser as well as vice-versa.