How to Bet on Greyhound Racing
How to Bet on Greyhound Racing - Dog Betting Guide, Tips & Strategy
Stake.com has no shortage of sports to bet on, and that includes greyhound racing. Whether you wish to wager on a run-of-a-mill event or a major race such as the Greyhound Derby, Stake will have you covered.
Inevitably, a greyhound race will be adrenaline-fueled. With multiple races staged throughout the day, it remains a popular betting product due to the frenetic nature of the action.
In this guide, we will go over with a fine tooth comb all elements of greyhound betting. This will incorporate everything from discussing greyhound bet types to key terms & glossary, show you how to locate track odds, and of course, strategies that will help you with your online wagers at Stake Sportsbook . Read on to discover more.
Greyhound Racing Rules Explained
To master greyhound betting, you will need to have a fundamental understanding of the rules. Normally, there will be six greyhounds that will compete against each other, and the racing tracks tend to be oval.
Betting on races doesn’t just boil down to pure luck; rather you need to have an idea of the form of dogs, the trainers, and the performance of dogs on various race tracks. For example, you need to analyze results from previous races and look at what separates certain dogs them their rivals.
There will naturally be slight variations between each race, but there are some charcateristics that might make some dogs stand out. For example, possessing good stamina or being renowned for being an excellent wide runner will bode well, or instead you might like the look of ‘railers’ who prefer to run on the inside of the rail.
How to Bet on Greyhound Racing
The principles for betting on greyhounds events work in the same way as for wagering on other sports at other online sportsbooks. You can read our general sports betting guide if you're a beginner to wagering on racing sports like the dogs or horse racing.
Once you have created an account with Stake, you can deposit funds via your chosen payment method. You will then be free to place as many bets as you wish for any given race.
Greyhound Betting Glossary & Key Racing Terms
Newcomers to greyhound racing may be baffled by the greyhound odds or rather the wealth of terms associated with the sport. To make things easier, we have highlighted some abbreviations and other betting jargon that may come in handy:
BMP1 - A greyhound that will have been bumped by another runner at the first bend.
MSBK - Short for a missed break, a greyhound will emerge from the traps significantly slower than the other runners.
RLRU - The common abbreviation for “railed on the run up”, this denotes where a selection will have charted a course close to the inside track railing at a particular stage of the race.
Box trifecta - A box trifecta is a bet type whereby a bettor can make any number of selections (dependent on greyhound racing field size) and their chosen runners will be able to finish in any order.
Going - The speed of the track will be judged by the official track handicapper. This will be available for all races and active tracks around the world, including Derby Lane.
Trap - The box from which the runners start.
Popular Types of Bets Placed on Dog Racing
Apart from the wealth of greyhound racing terms knocking about, there are plenty of greyhound bets that can be placed before any race. We have picked some of the most popular and appealing types of bets.
Singles - Think of these as moneyline betting . Here, you are just predicting which greyhound will win the race, and if your pick comes off, your wager will be returned as a winner.
Forecast bet - Slightly more sophisticated than an each-way bet, you will be betting on two greyhounds - one to win, and one to finish runner-up.
Trifecta bet - Similar to a forecast bet, you will be betting on the exact order of the top three greyhounds, and as such, the greyhound odds might be quite inviting here.
Multiples - Also known as parlay betting , you will input multiple selections onto one betting slip, but all legs must win for your slip to be successful. Like with other sports, it just takes one wager to scupper things!
Greyhound Betting Strategies & Tips
There is no one-size-fits-all approach, but if you want to master greyhound betting, the following pointers will help you succeed:
Be wary of the favorite - Sometimes, it can be tempting to follow the crowd and pick the favorite. However, with odds on greyhound racing, picking the runner that is carrying an extremely short price won’t give you big returns if you win.
Specialise - Some greyhound bettors will specialize in open-class racing, but it is better to try your hand and become a niche expert rather than a jack-of-all-trades.
Read up on the stats - For greyhound betting, it is always good to be in the know, so make sure you know how a greyhound performed at a particular greyhound park, and which tracks are most suited to their ability. Remember, an Australian racing greyhound will be different from an American greyhound, and so forth.
Understand fiat currency options - If fiat options are your preferred payment method, then make sure you know how to make deposits and withdrawals. Our local currency page contains more information or you can get in touch with our dedicated customer support team. For those wishing to bet with crypto coins , such as Bitcoin and Litecoin, there will be a separate article outlining the process of depositing and withdrawing.
Tap into promotions- As a leading online sportsbook, we have a range of weekly and monthly promotions that may cover consecutive races or designated greyhound tracks, so don’t miss out! Check out our promotions page for more details.
How to Live Stream Greyhound Racing & Placing Live Bets
Setting up an account with Stake.com is straightforward. What’s even better, is that you will get unfettered access to a crisp live stream product, so you can watch every race while on the move.
Moreover, with live betting , you can be thrust into the heart of action and place wagers as the odds fluctuate. Our in-depth guide on the differences between pre-match and live betting will get you started.
Biggest Greyhound Racing Events Across the World
Online greyhound betting sites will be well endowed when it comes to racing coverage, and we have some of the biggest events that bettors should mark in their calendars across Australasia and Europe :
Australian Greyhound Racing Events
Melbourne Cup - Held annually at Sandown Park.
The Golden Easter Egg - Another major event hosted each year at Wentworth Park in Sydney
American Greyhound Racing Events
The Greyhound Race of Champions - One of the most prestigious races in the US featuring greyhounds who have won qualifying events across various states.
The Palm Beach $50,000 St Patrick’s Invitational - As the name suggests, this carries a prize pool of $50,000 and it attracts top quality runners.
British Greyhound Racing Events
The English Greyhound Derby - This classic major race staged at Towcester Greyhound Stadium is the richest greyhound race in the world.
Scottish Greyhound Derby - Held at the Shawfield Stadium, this event attracts a high caliber of racing dogs each year.
Greyhound Racing Odds & Payouts Explained
Stake.com plugs many different odds, including American and fractional, so you can see what you stand to make before placing a wager.
With American odds, there will be negative and positive values attached, with the former representing the favorite. It shows what you could win based on a $100 bet, so making a $100 wager with odds of +200 means you will take away $200 if your pick is successful.
How to Withdraw & Deposit Funds to Wager on Greyhound Races?
Should you wish to make a deposit or withdrawal at Stake, the process is broadly the same. We have outlined how to fund your account:
Step 1 - Retrieve your deposit address which will be located in Wallet > Deposit.
Step 2 - Choose the method that suits your needs. Stake supports multiple crypto coins and local currencies.
Step 3 - Use your deposit address at the ‘send to’ location for your crypto wallet or exchange.
Step 4 - If you wish to make a deposit via fiat currency, you can deposit via the available payment methods or buy crypto for Stake via MoonPay .
Why Should You Bet on Greyhound Racing at Stake.com
Stake.com is a licensed and trusted sportsbook that prides itself on plugging competitive odds across a wide range of greyhound meets.
Keep up-to-date with all the latest news and views, and remember to be Stake Smart . You can use our monthly budget calculator and other resources to enjoy responsible gambling .
Always set limits, and if things get too much, then know when to walk away.
