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CALCULATORS / Dutching calculator

Dutching calculator

Enter a total stake and the prices you can get, and this splits the stake so the return is identical whichever selection wins. It also shows the book percentage, so you can see when the split is an arb.

How dutching works

Dutching means backing several selections in the same event so that you win the same amount whichever one lands. Each stake is set in proportion to one over its price, then scaled so the parts add up to your total stake. Put $100 across 2.10, 3.40 and 5.50 and the split is roughly $50.01, $30.89 and $19.10, returning about $105.03 whichever wins.

The key number is the book percentage — the sum of one over each price. Under 100% and the split is an arbitrage that profits whatever happens; over 100% and you are paying the bookmaker's margin, so dutching only makes sense when you have narrowed the field to selections you genuinely fancy.

Dutching across bookmakers

You do not have to take every price at one book. Taking the best available price for each selection across different bookmakers lowers the book percentage and is usually where any value lives — the maths does not care which book each price comes from.

Frequently asked questions

How are dutching stakes worked out?+
Each stake is proportional to one over its price, scaled so the total matches your stake.
What does the book percentage tell me?+
Add up one over each price. Under 100% means the split is an arb and profits whatever happens.
Can I dutch across bookmakers?+
Yes, and it is usually where the value is. The maths does not care which book each price is at.
Is dutching the same as an arb?+
Only when the book percentage is under 100%. Otherwise it just guarantees the same return on selections you have chosen, not a guaranteed profit.

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