Greyhound Betting Guide

Do you want to hear from a real pro punter and learn about his greyhound betting strategy? Tim from Melbourne is the man, and a real Betfair client. Get all the details of his greyhound betting strategy. Greyhound Betting Guide: How to Bet on Greyhounds Racing Greyhound Racing Update Greyhound racing had to be suspended indefinitely due to the Covid-19 pandemic and associated lockdown.

1. Greyhound Betting Explained. Greyhound betting can be placed into two main categories; Straight and Exotic bets. Although these types of bets may vary from country to country these two are the staple when it comes to the sport. Straight bets are aimed more towards beginners. For the more experienced punter, we recommend exotic bets.
2. Betting on one greyhound you play with a simple bet, show and place bets. If the chosen greyhound wins you win money from three markets, if it is second you get money from two markets, if it is third – just from one market. Daily Double – a punter has to predict the winner of the first and second races before the first race of the day.

I’m probably not alone in this, but for me I much prefer betting on the dogs more than I do betting on horses! In fact since becoming a more professional sports better, I never bother with horse racing.

I prefer the greyhound racing because there’s less room for variance – there’s so many more constants than in horse racing.

Another reason is, I actually think it’s more exciting to watch. Why? Because the races are fast and furious, it takes less than a couple of minutes for most races to finish, take a look at this race in the video here:

I first got into betting on greyhound racing about 30 years ago. Back then I was a real amateur, I’d just try to figure out a reverse forecast in the next dog’s race. There was no system behind it, I just looked up the fastest two dogs and have their trap’s in a reverse forecast.

There was no tv broadcast then just an audio commentary and it was so quick the commentators would fall over their own words keeping up!

I lost more than I won, but I did enjoy the speed of the race and that you would know the result really quickly. Another advantage was that you still had time to get on the next race if you chose to do that.

As you know, online bookmakers today, offer very similar bets to those you can still get in the high street, but now it’s from the comfort of your own home or on your mobile!

Although in THE TWO TRAP GREYHOUND SYSTEM we don’t use other forms of betting on greyhounds, I have been asked to give some background to the types of bets that can be had. I am not recommending any of these and they are just for information. But feel free to do with this information as you wish.

Types of Greyhound Racing Bets

You already know about a “to win” bet and the chances are you have heard of the expression “each-way bet”, these are just two of the more straightforward bets.

Here are some other popular types of bets.

Never miss out on the best odds: many online bookmakers now offer “best price” or “best odds guaranteed”, this means that if the starting price is better than the odds that you placed your bet on, they will match the higher price. It is worth comparing the early prices for different bookies as value can sometimes be found there.

To Win bet: The easiest bet! This is a straight forward bet; you choose the dog you want to win the race outright (coming in first place).

Each-way bet: The second most popular bet. Not sure if your chosen dog is good enough to win? Then bet each way, it’s simply two bets on the same dog. Half of your total stake is bet on the dog to win and half on it to be placed in a qualifying position. (the place payout depends on the number of runners). If your selection wins, you win on both parts of the bet. The place part of the bet is paid out at a fraction of the win odds and will be shown in the betting slip.

Each-way betting can be a very useful strategy when selecting long odds (or outsiders) in a race. Many of you who already use the two trap greyhound system will have seen that quite often the winning dogs have long odds, some as high as 9.0 or more! So long odds winners in greyhound racing happens quite a lot. These long odds work especially well when you are trading as a stake percentage of your bank, as opposed to a percentage increase of your bank.

Forecast Betting

Dual forecast and Tricast betting involves selecting dogs to finish 1st and 2nd or 1st, 2nd and 3rd in the correct order respectively. As you’d expect. the odds for this are higher – since the probability of you predicting the right dogs to finish in the right order is very low! It is that much harder to predict.

A straight forecast – involves picking the 1st and 2nd dog, they must be in the correct order to win.

An Exacta – There’s usually a minimum stake to bet for an Exacta; it’s the same bet as the straight forecast but the return varies as it’s based on the ‘ Tote’ dividend.

A Trifecta – similar to Exacta but you have to name the first three in the race and again in the correct order. This really is gambling in my opinion, it’s really hard to predict the first 3 in any race, and the returns for this bet are very high to reflect this.

Greyhound Betting Guide Game

Greyhound Racing Reverse Forecasts & Tricasts

I talked about reverse forecasts at the start of this article, reverse forecasts and reverse tricast bets let you choose the dogs in the same way as forecast and tricast betting but the dogs can finish in any order as long as they are in the first two (for a forecast) or three (tricast). The returns are lower as you more options to win. But in reality it’s still gambling.

So, pretty much all of these bets are gambling and not sports trading. That’s why I stopped betting in this way and now use the two trap greyhound system and variations of the system for other sports that lend itself to the two trap greyhound system. The PREMIER members area of THE TWO TRAP GREYHOUND SYSTEMhas other sports where the two trap greyhound system principles apply.

Good luck in your sports trading and remember: ‘Stop Gambling and Start Trading! 😊

Until next time… Thanks!

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Greyhound Betting Guide Training

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Our aim is to help you get a good start in the world of online and offline Greyhound racing betting. In this section we will give an explanation on betting basics and offer several tips to help you get started

Betting rules:

The main goal of betting on greyhounds is to beat the 'Oddsmakers' or the 'Odds Compilers' and win money.
moreover, placing a bet on your favorite event makes the race exciting and more enjoyable.

Betting is done through Sports books or Bookmakers entities that accept bets. You can bet on the result of greyhound races and some sporting events.

For placing a bet, you go to an online sportsbook. Note that a sportsbook is not the same as an oddsmaker. The sports book just accepts sports bets. An oddsmaker is a man who sets the betting odds.

You need to decide what you are betting on by making a choice, the type of bet and the sum you are wagering. Your selection will surely depend on the odds offered, so you will want to examine the range of odds available before you make a choice.

There are many types of bets. Some sportsbooks may offer more betting diversity and combinations than others. Below is a list of the common types of bets used in greyhounds racing. Different countries may use different terms for how to bet and also for the types of bets.

Type of bets

Greyhound Betting Strategy

• Ante Post .Betting prior to the day of the race, and for some major races many months in advance In return for the chance of better odds, . If your choice does not run, you lose (unless your bet is 'with a run', which returns your money in the event of it's withdrawal). But if an ante-post selection is vote out of the race the bet is null and stakes are returned, and if your dog is withdrawn but the race is abandoned you should also get your money back.
  
• Straight bet or Single or Win bet. This is the simplest and most common bet. You bet on a winner at specific odds. You win if your chosen greyhound come first in the finish line.
• Place. bet for place means you collect when your chosen greyhound reach either first or second.
• Show. A wager on show means you collect if your selected greyhound finishes either first, second or third.
• Across The Board. You make three separate bets on one dog to Win, Place, and Show. If your selection wins, you collect on all three bets. If your selection runs second, you collect on Place and Show bets. If your selection runs third, you collect the Show bet. Your total wager will be three times the individual bet. For instance; a $1 bet would cost $3.
• Combination Bet. Combinations cover from two to four greyhounds to win in specified order. (look Below).
• Quiniela or Reverse Forecast . A bet placed on two greyhounds to end first and second in either order.
  
• Perfecta or Exacta or Straight Forecast . A bet placed on two greyhounds but they must cross the finish line in exact chosen order.
• Trifecta or Tricast or Treble Forecast . A bet placed on three greyhounds to cross the finish line in exact chosen order.
• Superfecta. A bet placed on four greyhounds to cross the finish line in exact chosen order.
• Twin Trifecta. A multiple pool bet. Two trifecta selections in two races. You select the winning Trifecta combination in one race and exchange that ticket for a second Trifecta in the following race. One-half of the net Twin Trifecta pool will be paid equally to winners of the first half when those tickets are presented to be exchanged. The remaining half of the pool, along with any carry over will be to winners of the second half. If no one selects the second half correctly, the pool is carried over to the next racing performance.
• Tri-Super. Similar to the Twin Trifecta. You select the winning Trifecta combination in one race and exchange that ticket for a Superfecta in the following race.
• Titanic Tri-Super This operates the same as the Tri-Super, except you must correctly select the Trifecta combination in the 5th Race and the Superfecta in the 7th Race.
• Daily Double. Similar to an accumulator you select the winners of the first and second races on that day. You must place your bet before the start of the first race.
• Jackpot. Pick six winners in six races to share in a Jackpot prize. The rules and prizes will vary from race track to race track.
• Parlay or Accumulator. A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more races with the intent of pressing the winnings of the first win on the bet of the following race selected, and so on. All the selections made must win for you to win the parlay. If a race is a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
• Forecast (or Straight Forcast) - A bet placed on two greyhounds but they must cross the finish line in exact chosen order. (USA, Perfecta or Exacta).
• Pick 3. Picking the winners of three consecutive races.
• Pick 6. Picking the winners of six consecutive races.
• Accumulator - (Also, Parlay) A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more races with the intent of pressing the winnings of the first win on the bet of the following race selected, and so on. All the selections made must win for you to win the accumulator.
• Advance wagering - Wagers that are accepted on a race on a future performance.

Greyhound Racing Odds Table example for 2$ bets

Remember: Each countries and each track may have different rules, use different glossary for how to wager and also for the types of bets.

Greyhound Betting Guide Crossword

You can start greyhound betting from our sportbooks review page.