Online Greyhound Racing Betting
Introduction: Greyhound racing has been around for many, many years. In many countries across the world it has long been a substantial component of gambling culture, while in others greyhound racing is strictly amateur and for enjoyment purposes only. In the United Kingdom and the United States particularly, greyhound dog racing is still a very popular form of betting. The same is true to an extent in Australia, Ireland and China.
Greyhound racing is a simple sport and involves a number of greyhounds, usually six or eight, chasing a lure (commonly a mechanical hare), around the track. The first dog over the line wins the race. Dog racing is primarily about betting as it is this aspect of the sport that tends to attract and retain fans.
For more information, visit our guide to choosing greyhound racing betting sites to sign up and bet real money.
Where To Bet Greyhounds Online
Although it is fair to say the sport is in decline, and experiences nowhere near the levels of popularity of its horse racing counterpart, there are still a large number of racing tracks across the world that host regular dog races and enjoy steady attendance by customers.
Fans today enjoy the ability to bet on races online easily. If you don’t live near a track, that’s not a problem; you can simply place your bets online. Most sites even provide live, streaming video of races for free. All you need is an account and you watch the action live on your computer.
The traditional greyhound racing industry has a good relationship with the online betting industry. In some places, greyhound tracks operate their own websites. In other places, racetracks work in partnership with large, respected betting sites.
What this means is that you get the same odds online as the people get at the track. The money you bet online is pooled together with the money that is bet in person at the racing facility. This provides liquidity, props up bigger jackpots and basically helps keep the industry alive and healthy.
Forms of Greyhound Dog Races
There isn’t much in the way of different forms of greyhound racing really. There are different classes of quality, but the actual races all follow a fairly uniform format. Most countries where greyhound racing is popular have their own governing association.
The Greyhound Board of Great Britain (GBGB) for example, is responsible for regulating greyhound racing in the UK, while the Australian Greyhound Racing Association (AGRA) fulfils the same role in Australia. In the United States, the Greyhound Racing Association of America (GRAA) helps promote, educate and regulate the industry.
There are some events that are considered fairly major sporting events – such as the English Derby, the Greyhound Night of Stars in the USA, and the Irish Derby. In addition to those main events, most greyhound tracks run regular races every day. In some locations, the law actually makes it mandatory for tracks to host races every day.
Types of Greyhound Racing Bets And Wagers
Like the sport itself, betting on greyhound racing is pretty simple. There are quite a few bets, but they are pretty straightforward:
- Win Bet – A simple bet on which dog will win the race. A site will offer odds for each dog and if your selection wins you will be paid out at the corresponding odds.
- Place Bet – This is a bet that your dog will finish in one of the top 2 places. It doesn’t matter if your dog takes first or second; you win either way.
- Show Bet – This is a prediction on the contestant that you think will finish somewhere in the top three places. The payouts for backing a dog to place are significantly lower than to win.
- Straight Forecast (Exacta) – A more difficult pick to get right, but one that pays out higher odds. A straight forecast involves predicting the two dogs you believe will finish first and second, in the right order.
- Reverse Forecast (Reversa or Quinella) – Similar to the straight forecast above, but the two dogs you select can finish in any order.
- Treble Forecast (Trifecta) – In this bet, you pick 3 dogs to take the first 3 places in that exact order. This is a difficult bet to win, but it offers high payouts.
- Win and Place (Each-Way) – This is two bets on one dog. Your “win” bet is a straight up bet on the dog to take 1st place. The Place bet pays if you dog finishes anywhere in the top 2. If your dog ends up taking first place, you win both bets. If your dog takes 2nd place, you only win the Place portion of the bet.
- Superfecta – Similar to a trifecta except this time you pick 4 dogs to take the top 4 places in that exact order.
- Accumulator (Parlay) – This is a combination of bets spread across multiple races. You place a bet on one race and if you win that bet, the winnings automatically roll over to the next bet. Successful parlays involving 3 or more races offer the promise of massive rewards.
Online Greyhound Racing Betting Strategy
Basic strategy is straightforward, but it’s not necessarily easy. Races often include closely matched greyhounds taking part so it is not easy to pick a clear winner. The best approach is to understand and follow the form guide as well as you can.
It is worth trying to get an idea of each dogs’ favoured track conditions before backing a particular section. For example, the length of the race, the weather, recent performances all have an effect on how dogs perform on any given day.
It is possible to make a profit with dog betting. But the main thing is to be sure you use a reputable site and apply good money management skills. Remember that greyhound racing always includes risk and that there is no such thing as a “sure thing.”
Patience is another useful skill in greyhound betting. Don’t get caught up in the heat of the moment and feel pressured to place bets on every race. Watch the odds, compare them to your analysis of each dog and wait for opportunities that present a clear advantage. There is nothing wrong with sitting out a few races when you cannot identify an obvious advantage.