The uncommon concept of horse betting overlay

Horse betting overlay strategy is one of the most primitive strategies in the field. In an age where everything is actually dominated by technologies and people have sophisticated 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 have been several books and content 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 said, gambling and betting is a matter of opportunity. There’s 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 lots of thought and research on picking the morning line choices because everybody wants to start the day afresh with a win. However, as the day proceeds, due to continuous losses, people get snappy and are eager to cover up the day�s losses. So, in their desperation these people try to go for overlay, as well as some of them become successful.

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 increase the stakes levels on their bet so that if their own 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 profits.

The overlay, which basically means, increased price of a horse independent of their last 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 specialists. This may happen due to an injury or some other similar element. If the person has decent knowledge of the overall game, he will be in a most beneficial position in these kinds of circumstances.

An additional 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 money 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 abilities of an underdog. It has been often observed that the least favored horse wins the race. 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 betting overlay is an essential trend in the sports wagering field, as it can single handedly turn the tables of horse betting. It has the potential to turn a winner into a loser and vice-versa.