Horse betting overlay strategy is among the most simple strategies in the area. In an age 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 numerous books as well as articles written on the subject. An overlay occurs when a horse goes for a comparatively higher cost than it was forecasted to go. As it’s been stated, gambling and betting is a matter of opportunity. There’s an equal possibility 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, and some of them become successful.
There are lots of 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 gambling. The motive of their false promise is to boost the stakes levels on their bet so that if their own bet wins, their earnings 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 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 actually 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 situations.
Another reason for the actual occurrence of the overlay concept is that sport bookies bet on various different sports simultaneously. This might result in 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 is a substantial amount of discussions amongst the betters on the capabilities of an underdog. It has 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 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 certainly single handedly turn the furniture of horse betting. It has the potential to turn a winner into a loser and vice-versa.