Horse betting overlay strategy is among the most simple strategies in the field. In an age where every thing is dominated by technologies and people have advanced 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 articles written on the subject. An overlay occurs whenever a horse goes for a comparatively higher cost than it was predicted to go. As it has been stated, gambling and betting is a matter of chance. There is an equal possibility of a specialist losing as of a newbie winning. Here is when overlay is available 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 and 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 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, as well as a number of them achieve success.
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 gambling. The motive of their false promise is to boost 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 as well as increase the stakes and thus gain profits.
The overlay, which essentially 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 predictions by the experts. This may occur due to an injury or some other similar factor. If the person has decent knowledge of the game, he will be in a most beneficial position in these kinds of situations.
Another reason for the actual occurrence of the overlay concept is that activity bookies bet on various different sports simultaneously. 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’s a substantial amount of discussions amongst the betters on the abilities of an underdog. It’s been often noticed that the least favored horse wins the race. 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 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 betting. It has the potential to turn a winner into a loser and vice-versa.