If you’ve made it here, you’re in search of a comprehensive guide on betting on Greyhound Racing. Rest assured, we’ve got all the answers you need about using these unique betting platforms.
Understanding greyhound racing is one thing, and knowing how to make a greyhound bet is another. This means that you know the right place to put your bet while making the best greyhound bet possible - easier said than done - especially if you’re new to this racing scene. But we will help you find all you need for this big game.
Greyhound racing is more for entertainment than betting to make a steady profit. This is something to keep in mind when putting your cash down on the table. With the general betting public as your only competition, you have decently good odds when it comes to placing your greyhound bet. You can choose the greyhound that has the best odds, or that has been doing well in the other races it has been in. Once you choose the greyhound that fits your needs, you can then take advantage of placing your greyhound bet.
Like other forms of race betting, such as
F1 betting in US, there are a handful of different bets you can make on Greyhound racing, depending on how much you want to bet and the type of payout. Once this is chosen, you will be able to choose the dog and then place your bet. If the dog or dogs that you chose to place your bet on wins, you get the payout you agreed to!
In greyhound betting, odds represent the chance of a greyhound winning and how much you can win if your bet is successful. They come in different formats like fractional, decimal, and American but mean the same thing. You can calculate potential payouts by multiplying your stake by the odds. The odds also give the implied probability of an outcome occurring.
Setting the Odds:
Bookmakers set the odds, but they don't always reflect the true chance of winning (they take a profit cut). Understanding odds helps you make better bets. Look for bets where the odds seem higher than the real chance of winning (value bets). The market's odds shift based on how others are betting, known as the "wisdom of crowds." Changes in rules or regulations can also affect odds in greyhound races.
Factors that affect Odds:
Many factors affect odds, like the greyhound's form, race distance, track conditions, the trainer's reputation, and even where the dog starts the race. Study the sport, understand how odds work, and consider using statistics to improve your betting decisions.
Types of Odds:
There are different types of bets with unique odds and risks, such as single bets, multiple bets, accumulators, and full cover bets. Live betting and rule changes can also affect odds. Some betting exchanges offer more competitive odds set by the market itself. By understanding odds, you can make informed bets and potentially increase your chances of winning in greyhound racing.
Top 5 Greyhound Bets
In this section, we explain 5 common Greyhound Bets. Understanding these different bet types will help you choose the ones that are right for you and get the most out of your betting experience.
Single Bet
A single bet is the most basic and common way to wager on greyhound races. In this type of greyhound bet, you pick one dog to win or come in a winning position (place). If the dog you chose performs well as you've predicted, you'll get a reward. Sometimes, this can be played as an either-way bet where you win a payout if your dog finishes in the top two or three. This is a good option if you have a hunch about a dog but aren't sure it will win outright. It's a safe way to start with greyhound betting. The single bet is sometimes called a place bet.
Multiples Bet
If you're the kind of bettor who wants to win big with a small stake, then you may want to try out multiple bets. The multiples bets, also known as an accumulator, allow you to combine the odds of different races to get a bigger payout. For instance, if you have a 2/1 bet and a 3/1 bet together, they become a 6/1 bet. You start with a double (two selections), then move up to a treble, four-fold, five-fold, and so on. Most bookmakers may allow you to pick up to around fourteen or fifteen selections. While it's possible to win thousands from just a $1 bet, the chances of this happening are very low.
Forecast Bet
A forecast bet involves picking the top two finishers in a race. You choose which dog will win (first) and which will come in second. However, there's another type of forecast bet called the reverse forecast bet. In the reverse forecast bet, you stake on both greyhounds to win any of the top two places, no matter the order. It's a good way to get a better payout. If you're confident about the top two dogs in the race.
Trifecta Bet
The trifecta bet is like the forecast bet, but it is a little more complicated because it requires the punter to have a great understanding of greyhounds. In this bet type, instead of just taking on the first and second place, you're expected to pick the first, second, and third-place finishers in the race. Due to the level of difficulty of this bet, the odds are usually high, and they appeal to more experienced punters. There are different variations of a trifecta bet. Some of the most popular ones include standout trifecta, box trifecta, and rover banking trifecta.
Greyhound betting sites
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Making a Legal Online Greyhound Bet
Greyhound betting was among the first forms of online gambling legalized in the US (back in 2006). However, individual states still determine if it is legally accepted in their jurisdiction or not.
While there are only two active greyhound racetracks left in the US (both in West Virginia), betting on the races remains legal in most states. Even without local tracks, fans can wager on races in West Virginia or overseas through licensed online betting sites and mobile apps.
Off-track greyhound betting is legal in 33 states in the US, including Alabama, Alaska, California, Colorado, Connecticut, Delaware, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Montana, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Vermont, West Virginia, Wisconsin, and Wyoming. Most of these states allow online and mobile app wagering as well.
Every area takes gambling and online casinos differently. We have compiled a
sports betting comparison page that provides more information into each of the states and the legality of greyhound racing and other types of gambling that can be done in the area.
The best greyhound bets usually focus on simple and effective betting methods. While seasoned bettors might handle more complex bets, beginners are better off sticking to the basics. Remember, no single bet type guarantees success.
Combine Various Bets
Expert bettors know the value of combining different smart bets. Single bets to win and place are reliable, but experts look for extra value by combining various bets like forecast, tricast, or even pick three and pick six bets. They may even stack up multiple bets into a big accumulator. It's about slowly building up value over time.
Learn from Experts
If you're new to greyhound betting, it's wise to learn from experts before diving in. Don't rush into big bets like pick six accas if you're still learning the basics. Start with small bets, observe other punters, think about your selections, and maybe try a place bet. Take your time to understand the sport before considering bigger bets.
Considering the Essentials
Your betting strategy should consider risk, diversification, seeking value, and using different markets. You can adjust based on odds changes by backing underdogs, lay betting, or using arbitrage betting.
Be Informed
Factors like a greyhound's age, racing history, splits, finishing times, and weight changes affect the odds. Being informed about these stats helps you spot value in bets. There are some things to keep in mind when you go to a greyhound race, or if you are watching one to make a greyhound bet. This is because the odds are going to continue to change based on many different factors that go into the racing that is being done. With everything from the weather, the condition of the dogs and where they are kept, as well as others.
Confirm the Weather
Make sure that the weather is going to be good, and that it will not be wet. Wet conditions can make determining which dog is going to win harder. If it is colder, then the tracks might also be different and those dogs that are used to inside racing may not be as good.
Go with a Younger Pup
Before making your greyhound bet, you want to also go with a younger pup that might just be able to make it to the top rather than an older dog that has many races to go with. This is because the older ones might become slower with time. The more races they do, the more tired they will get.
Specialize in one or few tracks
Specialize in just one or two tracks and put your greyhound bet down on these ones only. You will get better at betting when you know the track and how the dogs are able to run on it. You will then be able to choose the greyhound that has the run style that fits well with the track that you are more familiar with, allowing you to make a better greyhound bet.
If you want to indulge in multiple forms of betting in different markets, be sure to join a sportsbook that supports political bets, eSports, and traditional sports. This way, you have a diversity of options at your fingertips.
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Among the Greyhound betting sites we've mentioned, Bet365 is outstanding because it offers live streaming, a wide selection of greyhound races to bet on, and various promotions for greyhound enthusiasts.
While many bookmakers offer odds on major greyhound events in advance, only a few price up the BAGS and BEGS races early. Bet365 is known for providing early odds, making it a top choice for value seekers. Additionally, it offers good coverage of ante-post events, putting it ahead of the competition.
Bet365 allows users to track specific greyhounds, offers events from around the world, and provides live streaming of most greyhound races, along with exclusive promotions for punters.
Conclusion of Making Your Greyhound Bet
Making a greyhound bet involves understanding the basics of greyhound racing and knowing how to place your bets wisely. Whether you're a beginner or an expert, finding value in your bets is key. It's important to know the legality of greyhound betting in your area before placing any bets. Pay attention to factors like weather conditions and the age of the dogs, and track familiarity when making your selections. Specializing in specific tracks can improve your betting success. If you're interested in various forms of betting, choose a sportsbook that offers a variety of options.
Greyhound Racing and Betting FAQ
Those that want to learn more about greyhound racing and making a greyhound bet can do so through the use of these frequently asked questions. They provide more information on greyhound racing and might just answer any questions you have.
😉 What is a Trifecta Bet?
A greyhound trifecta involves picking the top three finishers in the race exactly in the right order. You need to guess the dog that will win (first place), the one that will come in second, and even the one that will be third. If you miss any of them, you don't win the bet.
❓ What does each way mean in greyhound betting?
Like in horse racing, an each-way bet in greyhound racing means you're betting on a dog to win the race and also to place. The "win" part is betting on the dog to come first, while the "place" bet is for the dog to finish in one of the chosen positions.
✔ Is racing safe and humane for the greyhounds?
Yes, the races are controlled, and the greyhounds are treated fairly and are kept in great condition. The track always has a veterinarian on site, and they make sure that each greyhound gets the best care possible.
🤔 How often do the greyhounds race?
The greyhounds race no more than three different times within two weeks, providing enough rest and recoup time for every runner.
👀 How many types of greyhound racing are there?
Two. There is track racing which is done on an oval race track where a mechanical, artificial lure is used to make them race around the track. There is also coursing, which uses a live lure to make the dogs run around the track.
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Conclusion of Making Your Greyhound Bet
Understanding greyhound racing, the greyhound bet you make, and more. By knowing the odds that you are betting against, but also the future and bets that can be made in up and coming races helps you make a smarter bet. With the use of the greyhound bets that can be made, you can make more, but also have fun while doing so. Greyhound racing is exciting, and it is one of the most popular bets that can be made in any sports betting site.
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