Is matched betting dutching? Learn the difference between dutching and matched betting, how each works, worked examples, risks and the OddsMonkey tools that can help.
Quick answer
Dutching and matched betting are closely related, but they are not the same thing. Dutching involves backing two or more selections in the same event, with stakes calculated so the return is balanced across those selections. Matched betting is a broader strategy that typically uses a bookmaker bet and an opposing exchange lay bet to cover different outcomes and take advantage of bookmaker promotions.
So, is matched betting dutching? Not exactly. Dutching can be used as a matched betting technique, particularly when you want to cover multiple outcomes without using a traditional lay bet. However, matched betting encompasses a much wider range of strategies and usually centres on bookmaker offers and free bets.
Dutching
Matched betting
Basic principle
Back multiple selections and split your stake between them
Place opposing bets to cover outcomes
Typical bets
Multiple back bets
Back bet + lay bet
Betting exchange required?
No, although some advanced approaches can involve exchanges
Usually
Main purpose
Balance potential returns across selected outcomes
Take advantage of bookmaker offers and promotions
Number of selections
Usually two or more
Can cover all outcomes with a back and lay
Uses bookmaker promotions?
Sometimes
Frequently
Commission
No if using bookmakers only
Exchange commission usually applies to lay bets
Calculations required
Stakes need to be split according to the odds
Back and lay stakes need to be matched
Example
Back Team A, draw and Team B at different bookmakers
Back Team A with a bookmaker and lay Team A at an exchange
Relationship
A technique that can be used within matched betting
A broader betting strategy
The key distinction is that dutching describes how you distribute your stakes across multiple selections, whereas matched betting describes a broader approach to covering outcomes and exploiting bookmaker promotions.
Dutching is a betting technique where you back multiple selections in the same event and divide your total stake between them according to their odds.
The aim is generally to produce a similar return whichever of your selected outcomes wins.
For example, imagine a three-way football market with these decimal odds:
Selection
Odds
Dutch stake
Potential return
Team A
2.50
£42.75
£106.88
Draw
3.50
£30.54
£106.89
Team B
4.00
£26.72
£106.88
Total
£100.01
In this simplified example, a £100 total stake is divided between the three outcomes (the extra 1p comes from rounding). If one of the three selected outcomes wins, the gross return is approximately £106.88, producing a theoretical profit of about £6.87 before any other applicable considerations.
The important point is that the stakes are not necessarily equal. The lower the odds, the larger the stake required to produce a similar return.
For a more detailed explanation of the underlying technique and calculations, see our What is Dutch Betting? guide.
Matched betting is a broader strategy that typically involves placing a back bet with a bookmaker and an opposing lay bet at a betting exchange.
The two bets are designed to cover the relevant outcomes so that the bettor can take advantage of a bookmaker promotion or free bet while reducing exposure to the sporting result.
For example:
Bet
Where it is placed
Example
Back bet
Bookmaker
£10 on Team A @ 3.00
Lay bet
Betting exchange
Team A not to win @ available exchange odds
Purpose
Cover the result
Reduce exposure to the match result
The exact stakes depend on the back odds, lay odds and exchange commission.
Matched betting is therefore less about choosing which sporting outcome you think will happen and more about structuring opposing bets so the result of the event has a limited effect on the overall position.
What the data says
In Gambling Commission research, 76% of respondents who received a gambling promotion went on to use it, with free bets among the offers most frequently received and used.
This is also why a matched betting calculator can be useful: the mathematics can become difficult when odds, stakes, commission and promotions are involved.
Dutching in matched betting means using multiple back bets to cover two or more outcomes instead of using a traditional back-and-lay setup.
For example, in a three-way football market, you could back the home win, draw and away win at different bookmakers. The stakes can then be calculated so that the potential return is similar if one of the selected outcomes wins.
This is different from traditional matched betting, where you would normally back one outcome with a bookmaker and lay that same outcome at a betting exchange.
The two approaches can therefore overlap, but they are not the same thing. Dutching can be used as a matched betting technique, while dutching can also be used as a standalone betting method.
There are situations where backing multiple outcomes may be worth investigating instead of placing a traditional exchange lay bet. For example, there may be no suitable exchange market, insufficient exchange liquidity, differences in bookmaker and exchange settlement rules, or attractive prices available across several bookmakers.
The actual numbers still matter. A difference in odds does not automatically create a profitable opportunity, so check the combined odds, total stake, bookmaker terms and any applicable commission before placing bets.
The biggest differences come down to what you are trying to achieve and how you cover the outcomes.
With traditional matched betting, you generally have:
Bookmaker back bet → Betting exchange lay bet
With dutching, you generally have:
Bookmaker back bet → Bookmaker back bet → Bookmaker back bet
The number of bets depends on the market and the outcomes you want to cover.
Promotions and free bets are central to many matched betting strategies.
Dutching does not inherently require a promotion. You can dutch simply because you want to distribute a stake across several selections.
However, dutching can also be incorporated into matched betting where bookmaker offers make the approach suitable.
A conventional matched bet normally uses a betting exchange to place the lay bet.
One of the attractions of bookmaker-only dutching is that you don't need to place a lay bet at an exchange.
This can also mean there is no exchange commission on those back bets, although the odds available and bookmaker terms still need to be considered.
Traditional matched betting can involve one bookmaker and one betting exchange.
Dutching can involve several bookmakers because you may need different prices to cover the selections.
For example, a three-way football market could involve:
This is one reason why finding suitable odds is an important part of a dutching strategy.
Expert insight from James, OddsMonkey dutch betting expert
“When comparing a dutching opportunity, the best individual price is not necessarily the key figure. What matters is how the prices work together across all the selections. A small improvement on one outcome can materially change the overall calculation and turn an otherwise marginal opportunity into a viable one.”
Let's compare the two approaches using a simple football example.
Imagine a match with three possible outcomes:
Outcome
Odds
Home win
2.50
Draw
3.50
Away win
4.00
You could split a £100 total stake across all three outcomes.
Outcome
Odds
Stake
Returns
Home win
2.50
£42.75
£106.88
Draw
3.50
£30.54
£106.89
Away win
4.00
£26.72
£106.88
Total
£100.01
Each winning selection would return approximately £106.88.
That creates a theoretical profit of approximately £6.88 regardless of which of those three selections wins, assuming the quoted odds remain available and the bets are settled as expected.
The key point is that multiple back bets are being used to cover the outcomes.
Instead, you could back one outcome with a bookmaker and lay that same outcome at an exchange. Using a stake of £100 again, it’s possible to gain an advantage if the lay odds are right.
For example:
Bet
Home win
Home team doesn’t win
Bookmaker: back £100 @ 2.00
+£100 profit
-£100
Exchange: lay £112.36 @ 1.80
-£89.89 liability
+£110.11 after 2% commission
Net result
+£10.11
+£10.11
If the home team wins, the £100 bookmaker bet makes £100 profit, while the exchange lay bet loses its £89.89 liability, leaving £10.11 profit.
If the home team does not win, the bookmaker bet loses £100, while the exchange lay bet wins £112.36 before commission. After 2% commission (£2.25), the exchange profit is £110.11, leaving a £10.11 profit.
The stakes are calculated so that the two positions offset each other as closely as possible.
The purpose and mathematics are therefore different, even though both strategies are designed to reduce exposure to the result.
To calculate stakes for a dutched bet, the Dutching Calculator is the ideal tool. However, the maths differ with matched betting so you would need to use the Matched Betting Calculator.
Neither should be treated as completely automatic.
Dutching can look straightforward because you are simply backing several selections, but the stake calculations can become complicated when there are multiple selections and different odds.
Matched betting also involves calculations, particularly when exchange commission, free bets, qualifying bets and bookmaker promotion terms are involved.
For either strategy, using a calculator can reduce the amount of manual maths and make it easier to check your intended stakes before placing bets.
The OddsMonkey Dutching Calculator can calculate how a total stake should be divided between multiple selections based on the odds entered.
For example, rather than manually calculating how to divide £100 between three selections, you can enter the relevant odds and use the calculated stakes as a reference.
This can help reduce simple calculation errors when you are placing several bets.
Yes. Dutching can be used as one approach within a wider matched betting strategy.
The key is understanding why you are dutching and what the individual bookmaker bets are intended to achieve.
For example, dutching may be relevant when:
However, the fact that several bets cover different outcomes does not automatically make the strategy profitable.
Always check the combined odds, total stake and bookmaker terms before placing the bets.
Dutching
Matched betting
Potential advantage
Can cover multiple outcomes using back bets
Can be used to take advantage of bookmaker promotions
Exchange required
Not necessarily
Usually
Commission
No exchange commission when using bookmakers only
Exchange commission normally applies to lay bets
Complexity
Can increase with more selections
Can increase with promotions, free bets and commission
Main opportunity
Differences in odds across selections/bookmakers
Bookmaker offers and the difference between back and lay prices
Main risk
An uncovered outcome can lose the dutched stake
Incorrect stakes, changing odds, terms or execution can affect the result
Best suited to
Users comfortable comparing multiple selections and prices
Users learning to use bookmaker promotions and back/lay betting
There isn't one strategy that is automatically suitable for every situation.
Dutching may be worth investigating when you can find attractive prices across multiple bookmakers and want to cover several selections without using a conventional lay bet.
What the data says
A study of 16,407 English professional football matches using odds from 51 online bookmakers found evidence that bookmakers did not fully use information contained in competitors' odds.
Source: Finance Research Letters – Information, prices and efficiency in an online betting market
For dutching, this is relevant because differences between bookmakers' prices can affect the combined calculation across several selections. It does not, however, mean that every difference creates a profitable opportunity.
Traditional matched betting may be more relevant when there is a bookmaker promotion or free bet that can be matched against an exchange position.
The important thing is to look at the actual numbers and terms of the opportunity, rather than assuming one technique will always be better.
For example:
Situation
Technique to investigate
You have a bookmaker free bet and suitable exchange odds
Traditional matched betting
You have attractive prices on several outcomes at different bookmakers
Dutching
You want to avoid an exchange lay bet
Dutching
You are matching a bookmaker back bet against an exchange
Traditional matched betting
You want to distribute one total stake across several selections
Dutching
You are completing a standard bookmaker promotion
Matched betting
These are starting points rather than rules. The available odds, bookmaker terms, exchange commission and market conditions can all change the calculation.
Neither strategy should be described as completely risk-free.
With dutching, you can lose money if an outcome you have not backed wins, if odds change before you complete the bets, or if the available stakes or prices differ from your calculations.
With matched betting, potential issues include entering the wrong stake, using the wrong odds, changes to available prices, exchange commission, bookmaker restrictions, promotion terms and mistakes when placing the back or lay bet.
There can also be differences between bookmaker and exchange settlement rules for particular markets.
Expert insight from James, OddsMonkey dutch betting expert
“The calculation is only one part of a successful dutch. When several bookmakers are involved, the real-world execution matters too: odds can move, markets can suspend and maximum stakes can differ. Checking each price immediately before placing the bets helps prevent a theoretically balanced position becoming an unintended exposure.”
Always check the bookmaker's and exchange's current terms before placing a bet and make sure you understand the potential outcome of every position.
If you're completely new to matched betting, it is generally easier to understand the basic back-and-lay concept before moving on to more advanced techniques such as dutching.
Dutching involves several selections and requires you to understand how the odds affect the stake assigned to each selection.
If you're new to the technique, our how to get started with dutching guide walks through the process step by step.
The simplest way to remember the difference is:
Matched betting is the broader strategy. Dutching is a specific betting technique that can sometimes be used within it.
Matched betting commonly uses back and lay bets to take advantage of bookmaker promotions, while dutching involves splitting a stake across multiple selections according to their odds.
If you're new to dutching, start by understanding the basic mechanics before moving into more advanced opportunities. The Dutching Calculator can help with the calculations, while the OddsMatcher can help identify potential opportunities.
For a broader introduction, read our What is Dutch Betting? guide, then use the relevant sport-specific and strategy guides to build your understanding.
18+ only. Gambling involves risk. Never bet more than you can afford to lose and contact help groups such as GamCare or GambleAware if you think it might be out of control.
Dutching involves splitting a stake across multiple selections, with the stakes calculated according to the odds. Matched betting typically uses a bookmaker back bet and an opposing exchange lay bet, often to take advantage of bookmaker promotions.
No. Matched betting is a broader strategy, while dutching is a specific betting technique that can sometimes be used as part of a matched betting strategy.
Yes. Dutching can be incorporated into matched betting when backing multiple selections is more suitable than placing a traditional exchange lay bet. However, dutching can also be used independently without a bookmaker promotion, so not every dutch bet is matched betting.
No. Dutching can be carried out using bookmaker back bets only, although some approaches may involve exchanges. Traditional matched betting, by comparison, commonly uses a betting exchange for the lay bet.
Neither approach is completely automatic. Dutching can involve more calculations as the number of selections increases, while matched betting can become more complex when promotions, free bets and exchange commission are involved.
No. Covering multiple outcomes does not automatically make a dutch bet profitable. The result depends on the available odds, total stake, selections covered and bookmaker terms, and an uncovered outcome can result in a loss.
For someone completely new to matched betting, understanding the basic back-and-lay concept first can provide a foundation before moving on to techniques such as dutching. Dutching can then be added as another approach once the basic calculations and terminology are understood.
Dutching may be worth investigating when suitable prices are available across several bookmakers and you want to cover multiple selections without using a conventional exchange lay bet. Traditional matched betting may be more relevant when you have a bookmaker promotion or free bet that can be matched against an exchange position.

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