Horse betting overlay strategy is among the most primitive techniques in the area. In an age where everything is actually 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 topic. An overlay occurs whenever a horse goes for a comparatively higher price than it was predicted to go. As it has been stated, gambling and betting is a matter of opportunity. There’s an equal chance 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 lots of thought and research on picking the morning line choices simply because everybody 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 day�s losses. So, in their desperation they try to go for overlay, as well as 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 gambling. The motive of their false promise is to increase the stakes levels on their bet so that if their bet wins, their profits are maximized. For example, at Park Fairmount in Illinois, many people organize parties to attract inexperienced beginners and 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 forecasts by the experts. This may happen because of 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 situations.
An additional reason for the 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. Another factor that might lead to overlay is the prestige of the underdog. There’s a significant amount of discussions amongst the betters on the capabilities of an underdog. It’s 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 betting 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 wagering field, as it can single handedly turn the tables of horse betting. It has the actual potential to turn a winner into a loser as well as vice-versa.