The uncommon concept of horse betting overlay

Horse betting overlay strategy is among the most primitive strategies in the area. In an age where everything is dominated by technologies and people have advanced systems like horse betting software, this strategy comes into usage very rarely. This is also called the under bet. Due to 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 relatively higher cost than it had been forecasted to go. As it’s been said, gambling and betting is a matter of chance. There is an equal possibility of a specialist 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 a lot of thought and research on picking the actual morning line choices because everybody wants to start the day afresh with a win. However, as the day proceeds, due to constant losses, people get snappy and therefore are eager to cover up the day�s losses. So, in their desperation these people try to go for overlay, and a number of them become successful.

There are lots of betters who are on the lookout for inexperienced betters. These people 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 earnings.

The overlay, which basically 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 understanding of the overall game, he will be in a most beneficial position in these kinds of situations.

An additional reason for the actual occurrence of the overlay concept is that activity 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 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 competition. There is a constant fear amongst the betters of that being repeated. Also that gambling on an underdog is considered courageous as well as 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 betting 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.