Horse betting overlay strategy is among the most primitive strategies in the field. In an age where every thing is ruled 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. Due to its primitive nature, there have been several books as well as articles written on the subject. An overlay occurs whenever a horse goes for a comparatively higher cost than it had been forecasted to go. As it’s been said, gambling and betting is a matter of chance. There’s an equal chance of an expert 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 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, as well as some 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 game. They are lured by some clever people who promise them huge profits by betting. The motive of their false promise is to boost the stakes levels on their bet so that if their bet wins, their earnings are maximized. For instance, at Park Fairmount in Illinois, many people organize parties to attract inexperienced beginners and 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 idea called soft spot. A soft spot is actually when the odds in a race do not match the forecasts by the specialists. This may happen 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 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 could trigger overlay is the prestige of the underdog. There is a substantial amount of discussions amongst the betters on the capabilities of an underdog. It has been often noticed that the least favored horse wins the competition. There’s a constant fear amongst the betters of that being repeated. Also that gambling 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 gambling overlay is a very important 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.