Dutching in place markets is very similar to Dutching in win markets (where only one selection can win). The only difference is the condition on which the decision is made.

When Dutching, your profit will depend on the book percentage formed by the selections you bet on. As you know, for backing it should be less than 100%, and for laying - more than 100%. With place markets the book% figure is multiplied by the number of places. So, in a market with 3 places, the back book% must be less than 300%, and lay book% must be greater than 300% to make a perfect Dutch.

Let's take a look at an example. I've added a 3-place market of a horse race, 18:00 Bev, and will back-Dutch on the first 6 favourites. Here are my Auto-Dutching options:

I have set it to win a fixed amount of 4. My objective will be to place back bets, though I have checked both "Back side" and "Lay side". The thing is, if I limit the number of selections to the first 6 favourites, the lay book % formed by those selections will never be higher than 300%.

The important thing to understand about Dutching in place markets is that you will win the specified "Amount to win" only if all winning places are taken by the selections you back on. I.e. if at least one of the winning places is taken by a runner that you did NOT back on, you may win less, or even lose your money.

In order to win guaranteed profit, you need to back or lay on all selections in the market, just like with win market Dutching.

Another difference between win and place market Dutching is that in win markets you always know how much exactly you will win or lose. With place markets your P/L will depend on how many winners you have guessed. The maximum loss can be expected in a case when you did not back on any of the winners.

Here is what I get when I activate Auto-Dutching with these settings.

Let's compute together.

The best case would be if any three selections I backed on were the winners. For example, "Daisy Brown", "Menediva" and "High Rolling". I then would win ~ 4, commission exclusive:

P/L = -24.28 - 16.18 + 16.11 + 18.5 -7.63 + 17.5 = 4.02

Then there are several other variants of outcomes. For instance, the three winners could be "Diamond Laura", "Your Ladyship" and "Three Sons", the latter not being in the list of backed selections. Then my P/L would be:

P/L = 2.43 - 16.18 - 10.6 - 8.22 + 19.08 - 9.21 = -22.7

In the worst case, when the winners are "Foricherforpoorer", "Three Sons", "Cygnet Committee", my P/L would hit the biggest negative value:

P/L = - 24.28 - 16.18 - 10.6 - 8.22 - 7.63 - 9.21 = -76.12

Now take a look at the book % values of this market:

Here is a rule which may help you choose the right market to Dutch in:

The bigger is the book%, the more money you may lose in the end when trying to win the same amount. Or rather, the bigger is the result of the following formula:

book% - (number of places * 100)

Here this number is 25.53% - this is quite a large deviation from the ideal, so the market is probably not the best one to Dutch, from the risks perspective.

Once you find a market where this figure is negative, i.e. book % is 295% in a 3-place market, you can back on all selections in this market to win a guaranteed profit!

Lay-Dutching

Lay-Dutching has the same principles as back-Dutching, only you will lay on the probable losers. If all the selections you laid on lose, you will win the maximum amount of money. If their book% is greater than (number of places * 100), you will win a guaranteed profit, no matter what runners will take the first places.

Here is an example of a perfect lay Dutching:

We may pick any three winners and calculate the P/L. For example, if the winners are "What A Fela", "Pedregal" and "Badtanman":

P/L = 162.32 + 160.47 - 161.83 + 108.84 + 94.87 - 185.31 - 212.32 + 36.95 = 3.99

Remember: you don't need to configure MF Pro in a special way to do Dutching in place markets: just apply the same settings as in win markets.