Dutching Calculator for Multiple Bets July 2026

Short answer: Dutching divides one total stake between several selections so each selected outcome produces approximately the same gross return. Enter the complete set of decimal odds and the amount you want to divide. The calculator shows the stake for each selection, the equal modeled return and the resulting profit or loss.

The calculation is only complete when the selections are mutually exclusive and collectively cover the market you intend to hedge. It does not confirm that prices are current, stakes will be accepted or settlement rules match.

How to use the dutching calculator

1. Total stake: enter the complete cash amount to divide.
2. Currency: select EUR, GBP or USD for display. Currency does not change the maths.
3. Selection odds: enter decimal odds greater than 1.00 for every outcome you want to cover.
4. Add selections: use the button for a 3-way, 4-way or larger market. The tool accepts up to 10 selections.
5. Check the result: compare the suggested stakes, modeled return, profit or loss and ROI before placing anything.

Use the final accepted odds, not a saved screenshot or an old price. Recalculate if any selection changes or a bookmaker limits the stake.

Dutching formula

For decimal odds, first add the inverse of every price:

Total inverse = 1 / odds 1 + 1 / odds 2 + ... + 1 / odds n

The equal modeled gross return and each individual stake are then:

Equal return = total stake / total inverse

Selection stake = equal return / selection odds

Profit or loss = equal return - total stake

The displayed ROI divides that modeled profit or loss by the total stake. All results are before fees, commission and stake rounding.

Worked calculation with two selections

Assume a total stake of 100 and decimal odds of 3.00 and 4.00. This is a formula demonstration, not a claim that these two prices form a realistic complete market.

1. The total inverse is 1 / 3.00 + 1 / 4.00 = 0.583333.
2. The equal gross return is 100 / 0.583333 = 171.43.
3. The first stake is 171.43 / 3.00 = 57.14.
4. The second stake is 171.43 / 4.00 = 42.86.

Either selected outcome would return about 171.43 before fees and rounding, leaving a modeled profit of about 71.43. That result is meaningful only if the two selections really cover every possible settlement under matching rules.

Why a Dutching result can show a loss

If the sum of the raw implied probabilities is above 100 percent, the prices contain a combined overround. Equalising those prices produces a lower return than the total stake and therefore a loss in every covered row.

A negative result is not a calculator error. It shows what happens when the available prices do not provide enough combined return. Do not add an unrelated high price simply to make the percentage look better. Every selection must belong to the same complete market.

Use the vig calculator to inspect market overround and normalized prices separately.

Three-way, four-way and larger markets

The tool supports 2 to 10 outcomes, so it can model a football 1X2 market, horse-racing selections or another multi-outcome market. The number of fields is not proof that the market is fully covered.

For a football 1X2 market, home win, draw and away win normally form three distinct outcomes. Correct-score groups, player props and tournament outrights can be more complicated. Check whether another score, participant, tie or void condition remains outside the selected set.

Horse-racing dutching limitations

Dutching is often used across several runners, but final returns can change under dead-heat rules, non-runner deductions and Rule 4 deductions. An each-way bet also contains separate win and place parts that should not be treated as one simple outcome.

Confirm the final field, deduction rules and accepted price for every runner. If a non-runner changes the market, calculate again with the adjusted odds and stakes.

Dutching versus hedging and arbitrage

Dutching spreads a single stake across several selected outcomes to target the same gross return. A hedge normally adds an opposing position to balance an existing bet. Arbitrage requires prices that create a positive theoretical margin across a complete market.

A Dutching calculation can show a profit, break-even result or loss. It is not automatically an arbitrage opportunity. For a two-outcome position that is already open, use the hedge calculator. For a complete price comparison with optional exchange commission, use the surebet calculator.

Fees, rounding and stake limits

The calculator can display stakes with cents or pence, while a betting platform may accept only specific increments. Rounding each stake independently changes the return in each row. Check the rounded result before confirming the bets.

Also account for exchange commission, payment charges, currency conversion and maximum stakes. A small modeled edge can disappear after one price moves or one stake is partially accepted.

Settlement checklist

• Confirm that every selection refers to the same event, market and period.
• Check whether overtime, extra time, penalties or retirements count.
• Verify that the outcomes are mutually exclusive and collectively exhaustive.
• Use the prices shown on the final betting slips.
• Apply fees, commission and permitted stake increments.
• Save each accepted bet and recalculate any remaining exposure after a rejection.

Responsible use

Dutching changes how a stake is distributed. It does not make betting risk-free or guarantee a profit. Use only money you can afford to lose, set the total exposure before opening any betting slip and do not chase a rejected or losing position.

If gambling affects bills, sleep, work or relationships, stop and use time-out or self-exclusion tools. Our responsible gambling policy lists practical checks and support routes.