In this article, I’m going to be discussing with you a question that comes up regularly and that question is; is greyhound betting worth it? Or put another way, is it worth spending time betting on greyhounds?
Just before we get into the video, time for a shameless plug. If you want to learn more tips and strategies for sports trading, then checkout our members area at mbt-sports.com
So let’s get started.
People who are experienced with sports trading struggle to see the value of greyhound betting. It’s usual for them to struggle to trade at the price they want, whether that’s to back or lay. Also, they find it more difficult to trade the racing and wonder why that is. Let’s answer those questions in this video.
Those of you who are familiar with my book; The Two Trap Greyhound System, will know that in greyhound markets, especially if you’re looking to trade in the traditional sense, the betting market for greyhound races has very little liquidity. The opportunities to trade at prices that you want are restricted by the liquidity of the market and whether your lay price will be matched.
Because of these small markets, greyhound racing has different characteristics than the mainstream sports markets such as football or tennis, as these markets are more popular with the general public.
As well as the size of the market, there are other factors that can influence pricing, not just the form of the dogs. Betting markets are particularly volatile and quite often the markets don’t move until around 5 minutes or less before the off.
Often trackside rumours will impact the market more so than the form. Additionally as prize money is so low for winning a race, trainers and owners look for other ways to supplement their income from a race, maybe even betting on or even against their own dog.
So, is it still possible to make money on greyhound racing? Absolutely yes.
BUT – you have to appreciate that greyhound racing as sport does not compete in the same way that other sports do, the external revenue received from sponsorship or TV is not reflective as say football or snooker, for example.
That’s why tracks will offer trackside entertainment like refreshments and dining in order to make a day or night out at the race track that more appealing. Betting on a dog race is almost secondary to having a good day or night out.
Another factor that influences the liquidity in markets is the number of races. Almost every day there are over 70 races that people can bet on. This spreads an already small number of followers across more and more races. Contrast that with football and generally speaking only a Saturday would have 70 or more matches on.
The smaller markets will be influenced much more by even the smallest movement in betting on a dog, and as mentioned before, usually this sparks into life with under 5 minutes before the start of a race. Often within a minute of the off is when the market is at it’s most liquid, almost too late to get the price you want.
But don’t despair, you can still get the value on your greyhound trading. The challenge comes when trying to get your staking plan in place when the markets are not so liquid. You may find you have to place more stake if you can’t get the price you want.
This is particularly true when laying your greyhound racing, whereas if you are backing you have more control and options to place your stake.
Is trading the best way to see a profit with greyhound racing? In general I’d say no. But when you have the right systems, the right staking plan and you treat your greyhound betting in a professional way, as an additional income stream, then the answer is yes.
The Two Trap Greyhound System offers you the opportunity to see regular profits from backing greyhounds, and historically has thrown up long odd winners.
You can invest in the book but ideally, by subscribing as a member of MBT Sports, you’ll get access to the training, the MBT Sports calculator and also access to the research done for you greyhound racing alert service.
As well as the greyhound system, you’ll also gain access to other sports betting strategies including football, horse racing, tennis and golf.
So that’s it for this video. I hope you enjoyed it. If you have any questions or need any clarification leave a comment below or send me an email. You can also find us on Facebook and Twitter.
Remember, if you are not yet a member of MBT Sports, or you would like to get your copy of The Two Trap Greyhound System, click here.