==Dutching==
Because the overround at the bookies is so high one CANNOT effectively lay a horse by backing all the others.  Usually this will result in an assured loss whatever nag wins.  The "obvious" counterargument doesn't wash, I'm afraid.  I am a frequent layer at Betfair so the "dutching" argument serves my interest but it cannot be practically implemented.   05:03, 31 Mar 2005 (UTC)