betting on greyhounds

Betting on Greyhounds – A Beginners Guide

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:

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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 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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