Horse betting overlay strategy is among the most primitive strategies in the area. In an age where every thing is actually ruled by technology and people have sophisticated 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 price than it was predicted to go. As it’s been stated, gambling and betting is a matter of chance. There’s an equal possibility of a specialist 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 as well as research on picking the morning line choices 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 some of them become successful.
There are many betters who’re on the lookout for unskilled betters. These folks 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 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 earnings.
The overlay, which essentially means, increased price of a horse independent of their last performance mostly occurs due to a idea called soft spot. A soft spot is when the odds in a race do not match the predictions by the experts. This may happen 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 beneficial position in these kinds of circumstances.
Another reason for the actual occurrence of the overlay concept is that activity 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 could trigger overlay is the prestige of the underdog. There’s 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’s 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 individual. So, these factors add on to the occurrence of overlay.
So, horse betting overlay is a very important phenomenon in the sports wagering field, as it can certainly single handedly turn the furniture of horse gambling. It has the potential to turn a winner into a loser as well as vice-versa.