How to bet on Greyhounds

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On How to Bet On Greyhounds

If you’ve ever wondered how to bet on greyhounds, then you’ll be delighted to know that we’ve compiled the ultimate guide to betting on the dogs. This article will focus on how to bet on greyhound racing around the world with advice on wagering in both the US and the UK.

Greyhound racing remains very popular, particularly in Ireland and Australia, and this is largely due to the fast-paced nature of the sport. There are several tracks that host top quality cards regularly, with some of these venues providing live greyhound racing up to three times a week.

It is fast and furious, and with the majority of races consisting of just a single lap of the track, contests tend to take place every 10 to 15 minutes.

There are many different wagering options when it comes to betting on the dogs, and our guide on how to bet on greyhounds will focus on some of the most popular methods as well as highlighting the best online bookmakers.

Betting on Greyhound Racing 

In the UK, the pinnacle of the sport of greyhound racing is the Greyhound Derby. This is held on an annual basis, and typically takes place at the beginning of June. Several warm-up heats take place throughout April and May. 

The winner of the race will receive £100,000 in prize money. It is the most-watched and biggest wagering event on the greyhound racing calendar. 

Other top-class UK events include the Steel City Cup and the East Anglian Cup. Those who know how to bet on greyhounds in the UK will tend to prioritize these key events; however, there are also hundreds of graded events taking place daily. 

Tracks such as Romford, Henlow and Hove host regular meetings throughout the year. This could potentially provide plenty of opportunities for those who want to learn how to bet on greyhounds to hone their skills and practice their craft. 

Australia also hosts many prestigious events, including the Association Cup and the Melbourne Cup. The latter currently offers a prize purse of A$350,000. In the US, the Iowa Breeders Classic is the most-watched race of the year with prize money of $145,000 awarded to the winner. 

Greyhound Racing Bet Types 

The "Win" bet is the simplest way of wagering on the sport. If you are still getting to grips with how to bet on dogs, this is the easiest and most accessible way to get started. 

A "Win" bet will require your chosen dog to be first past the post and beat each of its rivals. In the US and Australia, standard races will consist of eight dogs, whereas UK events have just six runners. Although a reduced field would suggest that it is easier to find the winner, standard UK graded racing can be far more unpredictable than its US equivalent. 

It is also possible for the race to end in a "dead heat." This occurs when two greyhounds pass the winning line at exactly the same time. In that scenario, the judge will deem that the pair cannot be separated. 

Although this event happens infrequently, online betting sites tend to pay-out on both dogs when a dead heat is officially declared. 

Greyhound Racing Forecast/Exacta 

A straight forecast or exacta bet is a little more complex, although the rewards tend to be far greater. It involves correctly picking the first two dogs to pass the winning post. 

It is advised to look for races in which there is a short-price favorite and then to pair it with another competitor. Your returns will depend on the starting price of each pick. 

Those who are learning how to bet on greyhound racing may also be tempted to opt for a reverse forecast. This allows a little more flexibility, and you will still be paid out even if your two selections pass the line in a slightly different order. 

For example: 

WagerResult
You've bet on Trap 4 and Trap 5 in a straight forecast. Trap 4 must beat Trap 5 with the pair finishing 1st and 2nd for you to be paid out.

or

WagerResult
You've bet on Trap 4 and Trap 5 in a reverse forecast.Trap 4 and Trap 5 may finish in any order as long as they are the first two greyhounds across the line.

Note: A reverse forecast will cost double as it covers an additional outcome (Trap 4 –Trap 5 / Trap 5 – Trap 4). A $2 wager on a reverse forecast will cost $4. 

How to Bet on a Tricast/Trifecta 

This is very similar to betting on a forecast. Significantly bigger returns are available for any bettors who successfully predict the first three greyhounds past the winning post. 

This wager tends to be more popular with UK greyhound racing as field sizes are smaller, thus making it easier to predict. Your picks must finish in the exact order that you predicted. 

There are six possible outcomes in this scenario, so it will be 6x your stake. A $2 wager on a combination will cost $12. 

Possible Outcomes (1-2-3, 1-3-2, 2-1-3, 2-3-1, 3-1-2, 3-2-1)

For Example: 

WagerResult
You've bet on Trap 3, Trap 4 and Trap 5 in a straight forecast. Trap 3 must beat Trap 4 and Trap 5 in that order for you to be paid out.
WagerResult
You've bet on Trap 3, Trap 4 and Trap 5 in a combination tricast. Trap 3, Trap 4 and Trap 5 may finish in any order as long as they are the first three greyhounds to cross the line. 

How to Bet on Greyhounds Daily Double 

The daily double is extremely popular with seasoned greyhound bettors. And also with those who are still learning how to bet on greyhounds. You must correctly predict the winner of the first two races of the day. 

These wagers must be placed before the greyhound card gets underway. They are now accepted by the majority of online betting sites. Your two picks must be clear winners of each race to receive a pay-out. 

How to Bet on a Parlay

Unlike the daily double, bettors have the freedom to choose which races they wish to wager on. Additionally, these events do not necessarily have to be taking place at the same track. 

For Example: 

Parlay

  • 1st Race: Trap 4 win 
  • 3rd Race: Trap 3 win 
  • 6th Race: Trap 1 win 
  • 8th Race: Trap 2 win 
  • 9th Race: Trap 4 win

All five of these picks must win! 

How to Bet on Futures/Ante-Post

Although futures markets are fairly uncommon in greyhound racing, some online betting sites will price up sizeable events such as the Iowa Classic and UK Greyhound Derby months in advance. These tend to be "Win" markets only. 

Where to Bet on Greyhound Racing

Now that you've learned about the numerous wagering possibilities that the sport offers, you're probably wondering how to place bets on greyhound racing. There are numerous online sportsbooks available to bettors in the US, although some betting sites offer a standout range of markets when it comes to wagering on the dogs. 

Best Online Sportbooks and Betting Sites

TVG

They currently offer betting markets from a variety of US greyhound venues. Tracks from Arkansas, Florida, Colorado, Oregon and Wyoming currently listed. They also have numerous tracks from around the world. Subscribers who are wondering how to make money betting on greyhounds can take advantage of their welcome bonus to place a risk-free bet on a track of their choosing. 

TVG also has UK, Australian and Irish greyhound tracks on their site, which has proven very popular in recent years. 

Bet America

Bet America is one of the best online sites for betting on greyhounds. Their mobile app provides even more opportunities to wager at your favorite tracks. It also allows the opportunity for fans of the sport to enjoy live coverage on their smartphones or tablets. 

There are at least 1,000 races available each week. If you're still learning how to bet on greyhounds, this is a great way of getting used to the unique nature of each track. They also offer international greyhound betting from the UK, Ireland and Australia. 

Bet365

UK firm Bet365 is one of the most comprehensive sportsbooks on the market. They offer greyhound betting opportunities from around the world. If you place a wager on any greyhound race, you can subsequently watch the action on their site or via the app. 

Day at the Track 

Day at the Track offers hundreds of greyhound betting opportunities each week and covers a variety of tracks from around the world. Their slick interface and easy-to-navigate mobile app have made wagering on the sport incredibly straightforward.

William Hill 

Bettors are now able to enjoy wagering on greyhound racing from the comfort of their own home using the new William Hill app. The global sportsbook has multiple markets from across the world with betting markets from the UK and Ireland featuring heavily. 

Greyhound Betting Tips and Strategy

There are a number of tips on how to bet on greyhounds currently available; however, we've picked out the key advice that you'll need when wagering on the sport. The unpredictability and fast-paced nature of the sport does tend to throw up the occasionally unexpected result. However, these strategies can be used to help narrow down the field. 

Pay Attention to the Grades 

Outside of competition races, the majority of contests tend to be graded. The UK, Australian and US grading systems are all very different. So if you're wondering how to win betting on dog racing, ensuring that you're au fait with the various grading qualifications would rank as absolutely essential. 

Dogs will move up and down the grades depending on their recent performances. 

Example

  • In the UK, a greyhound who wins at A2 level will be moved up to A1 ahead of its next appearance. 
  • In the US, a greyhound who wins at TB level will be moved up to TA ahead of its next appearance.

One of our tips on how to bet on greyhounds is to search for dogs who are moving down in grade. If it's been performing creditably at the higher level, it will be competitive against weaker competition next time out. 

Sometimes, greyhounds who come back after a long absence can be entered into a race which is two or three grades below its previous level, and this should always be noted. 

UK Greyhound Racing: Trap Bias is Vitally Important 

If you're wondering how to bet on greyhound racing UK, then we highly recommend paying attention to the trap bias. Most competitors will have a preferred running style. This will result in them running against the inside rail, down the center of the track, or taking up a wider position. 

In the UK, dogs are generally positioned in their favoured spot and the greyhound form will display either (M) or (W) to highlight their preference. If there is a race that features three or four dogs who prefer to race from a wide position, it is likely to cause severe congestion around the first couple of turns. 

Therefore, backing one of the dogs on the inside (Traps 1 or 2) to avoid the trouble could be potentially profitable in this instance. 

Example

  • If there are two-plus wide runners: bet on Trap 1 or Trap 2. 
  • When there are two-plus rail runners: bet on Trap 5 or Trap 6
  • If there are two-plus middle runners: bet on either Trap 1 or Trap 6 

Don't Bet on Every Single Race

Most tracks will host multiple greyhound races on the same card, and this provides multiple wagering opportunities within the space of a couple of hours. 

If you're wondering how to make money betting on greyhounds, then you'll need to be very selective about the races that you choose. Eliminate competitive-looking contests or events in which multiple dogs have a realistic chance of winning. 

In the UK, these races are often described as "trappy," and they often occur in lower-level events. 

Carefully choosing your races will give you more time to meticulously study the form and pick out some big priced winners. 

Specialize 

Once they've learned how to bet on greyhounds, successful bettors tend to specialize and focus on just one or two types of race. If you're a UK greyhound racing expert, then stick to tracks in this region. 

If you're knowledgeable about competition races or maidens, then it makes sense to only focus on these. 

There are currently enough races taking place around the world daily to provide you with ample wagering opportunities, whatever your specialty.

How to Bet on Greyhounds FAQ

Are there major differences between the tracks?
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The majority of greyhound tracks are very similar. They are oval-shaped, and generally speaking, the surface is formed of a mixture of sand and clay.

However, each venue will have some unique aspects. Some Florida-based tracks and UK venues can become waterlogged, and this will have a profound effect on some runners.

The inside bends can become heavy following a downpour, and this may slow down dogs drawn in inside boxes. Always check the weather forecast before wagering.

What is Pari-mutuel Betting?
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If you’re betting at the majority of US tracks, you’ll find that pari-mutuel betting is in operation. The winning pot will be determined by the amount of money being wagering on the race, and you won’t know how much you will receive until the race has got underway.

The more money that is wagered on the race, the better your returns are likely to be.

Most online betting sites don’t take this approach, and it is extremely uncommon in the UK and Ireland. When placing an online wager, you’ll generally know the starting price of your pick once you’ve finalized your bet.

What is the One Major Difference Between US or UK Greyhounds?
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Those who are searching for advice on how to make money betting on greyhounds will be wondering whether it’s worth sticking to UK or US racing.

UK racing has fewer competitors (six per race), and therefore, it’s easier to narrow down the field. However, there are a lot of highly competitive races taking place daily.

In the US, the field size is greater (eight), although outsiders rarely tend to prevail. Shorter-price dogs are more likely to win, particularly at Floridian and West Virginian tracks.

What is Virtual Greyhound Racing?
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Some online betting sites such as William Hill offer regular virtual greyhound contests, and these animated events tend to take place every four to five minutes. These aim to replicate the thrill of real greyhound races and offer users the chance to wager at realistic-looking venues.

Photo Credits: PETER KOHALMI / AFP