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The traditional greyhound racing industry has a positive relationship with the online betting industry. In some places, greyhound tracks operate their own websites. In other places, racetracks work in partnership with large, respected bookmakers. What this means is that you get the same odds online as the people get at the track.
The money you bet online is pooled together with the money that is bet in person at the racing facility. This provides liquidity, bigger jackpots, and helps keep the industry alive. I have seen many greyhound betting sites come and go in my time. The safest racebooks are those that have established themselves as legitimate, longtime providers.
This is the only type of operation we recommend. Next up is the overall quality of the racebook. Customer Support. Any halfway competent greyhound betting site can answer basic questions. Real customer support is tested when player disputes and legitimate complaints arise. How a book handles difficult situations is what determines whether its customer support is worth anything. For example, a player writing to say that a book unfairly cancelled his wager at the last minute puts customer support to the test.
Does the site take his complaint seriously and address the issue or does it brush him off? Banking Options. A quality dog racebook makes it easy for customers to deposit and withdraw winnings. The best greyhound racing betting sites have easy-to-use deposit methods that are both fast and free. Withdrawals are even more important, easy cashouts are mandatory. There is nothing more frustrating than dealing with a racebook that slow-pays.
One of the best things you can do for your long term success is to get the most value out of every selection. This means taking advantage of promotions, getting the best odds, and choosing the best bets across a wide range of tracks and races. Promotions, odds, and track coverage are all things we look for when ranking greyhound betting sites.
Usability and Features. If you have two equal sites to choose from and one of them has an obviously superior betting interface, the decision is simple. UK and European greyhound racetracks work closely with dog racing betting sites to bring the full experience online and to mobile horse racing betting apps. Most of the major bookmakers have agreements with local tracks that allow you to watch the races in real time on your computer or mobile device and participate in the betting pools hosted by each track.
These greyhound betting websites operate in the open and most of them have long histories. These are some of the most respected racebooks in all of Europe. In the United States, online greyhound betting is completely legal thanks to exemptions written into anti-gambling legislation.
For example, BetAmerica. You can even fund your account with bank-to-bank transfers and Paypal. Greyhound Betting Regulatory Bodies. Each country has its own take on how to regulate and oversee greyhound racing, but ultimately the goal is to keep everything safe and fair for the dogs, racing teams, and fans. Greyhound betting very closely resembles horse racing betting. All the same types of wagers that you could place on a horse race may also be placed on a dog race and greyhound racing betting uses the parimutuel form of wagering to calculate the odds and pay winners.
The actual process of betting on greyhounds online is a simple matter of logging in to your account and choosing a track. From there, you select the race you want, the amount to risk, the type of wager, and the dogs you want. A betting slip on the side of the screen displays a summary of your bets as you add them. Dog races often include closely matched greyhounds taking part so it is not easy to pick a clear winner. The best approach is to understand and follow the form guide as well as you can.
All wagers placed through OTB are delivered electronically and commingled with host track pools, with all winning wagers paid at full track odds. OTB has the greyhound racing you are looking for at almost all hours of the day. All members get access to live video streaming of every greyhound race. Place your bets and enjoy the highest quality video feed available from all the top greyhound racing tracks. Watch up to three greyhound races at a time! Earn valuable Cash Rewards when you bet greyhounds!
Other online Race Books claim the same, but if you look at our Greyhound Racing Rebates you will see the difference. Make cash back at many greyhound tracks - win or lose! Learn More. All wagers through the OTB website are delivered electronically and commingled with host track pools, with all winning wagers paid at full track odds. Account: Forgot. PIN Forgot. Greyhound Racing Betting Online.
Greyhound betting is a form of parimutuel wagering , in which all wagers of the same type are pooled together. Payouts for each wager are determined based on the amount of money bet on each dog after the house take and taxes have been removed from the pool.
The most important thing to know about parimutuel racing betting is that the odds are not fixed in place, even after you place your wager. The final payout odds are only known after the final bet has been placed. The advantage of pari-mutuel wagering is that bettors do not compete against the house.
The house takes a cut regardless of how the race plays out. Your only competition is the general betting public. Betting on greyhounds is almost identical to betting on horses. The same bets and wagers that can be placed on horse races can also be placed on greyhounds. This is the simplest greyhound racing bet of them all. In a straight bet to win, you pick one dog and you win if that dog takes first place. This is another bet on a single dog, except this time you win if your dog finishes 1 st OR 2 nd.
This bet is a little easier to win and therefore pays a little less than the straight bet to win. Again, you bet on a single dog. This time, your bet wins if he finishes anywhere in the top 3. An across-the-board bet is a combination of the above three wagers. In this one, you pick exactly one dog and place three different bets on that dog: a win bet, a place bet and a show bet.
If your dog comes in first place, you collect on all three bets. If your dog comes in second, you collect only on the place and show bets. If your dog comes in third, you collect only on the show bet. Pick two different dogs and you win if they take first and second place. Pick the first place finishers of two different races. This bet is usually offered on the first two races of the day and you must place it before the first race begins. Similar to a daily double bet except in this one, you pick the winners of 3 different races.
Sometimes you will also see Pick 4s and Pick 6s. Those also have the same basic idea except applied to four or six different races. Some dog racing tracks offer special jackpots for the Pick 6 bet. A racetrack will set up some type of jackpot that grows each day until one person successfully picks the 1 st place finishers of six different races.
A parlay is a chain of bets spread across multiple races. If your first pick wins, the winnings automatically roll over and are applied to the bet on the next race. Parlays are difficult to win but they offer potentially massive prizes.
One of the more advanced betting options in dog racing is to box a quinella, trifecta or superfecta. This bet would allow you to pick four different dogs and then you will win if any two of those dogs take first and second place. You can pick anywhere from 3 to 8 dogs, but the more dogs you box, the more expensive the bet becomes. A keyed bet is similar to a boxed bet in that it allows you to pick multiple dogs. The difference here is that you pick one dog to take first place and then add 3 or more other dogs to take 2nd and 3 rd place in no particular order.
In a superfecta key, you pick one dog to take 1 st and then three or more dogs to take 2 nd , 3 rd and 4 th in no particular order. The main thing to keep in mind here is that the key dog MUST take first place; the remaining dogs can finish in any order. TVG and BetAmerica both have a nice simulcast system for watching live greyhound races. All you need is an account and you can watch the races in real-time.
You do not need to bet or even fund your account. Sign up, log in and you can watch every race. Greyhound racing is similar to Thoroughbred and Harness racing, except that dogs are used in place of horses and jockeys. The greyhound race track itself is a very simple course, usually an oval or circular dirt track. The greyhound track is fenced in on the outside with a special rail running along the inside of the course. There is a belt attached to the rail equipped with a mechanical lure that the greyhounds are trained to chase, encouraging them to race.
Along the bottom wall of the spectator area are a series of betting stalls or bookie counters, where live greyhound race betting takes place. The average greyhound track has a series of crates or cubicles on the starting line. These crates, as they are most commonly-known in the industry, are where the dogs sit and wait for the race to begin.
Depending on the number of dogs in the race or course traditions, numbers and colors may vary, but generally the above descriptions are standard no matter where the race takes place. The first dog to cross it is the overall winner. Certain bets also depend on which dogs comes in second, third, fourth, etc. Because each greyhound course is a little different, each track will have slight variations to dimensions and arrangements for the races. No specific dimensions are required by the governing bodies of greyhound racing, but an average of known greyhound tracks gives dimensions as follows:.
Tax revenue from poker machines accounts for In NSW it is, 9. Oh, and you want to know how to select a winner! Converting the betting odds into implied probabilities of winning may prove a more intuitive tool to use than viewing betting odds in isolation, especially for the novice. To convert odds into implied probabilities, simply divide 1 by the decimal odds.
However, the wheel of fortune adjusts the percentages of each runner to accurately illustrate the probability of winning according to the market. Using the wheel, you can try and imagine which number you might back based on risk and return. You can download the WOoF excel sheet here.
Fortunately the biggest players in greyhound betting markets do analyse the form independently, and novices are usually small time punters that seldom influence the market as opposed to the stock exchange. Remember the dot-com boom anyone? As another alternative, our weekly racebook tipster assigns estimated odds for each greyhound runner in each race.
Whilst these odds are not translated into probabilities, you can simply do this translation in the spreadsheet provided above and write it in the racebook. For example, the expected return from betting heads at even money on , coin flips is zero. In many cases, such as the flip of a coin, the edge does not exist deeming any betting participation as futile.
In greyhound racing, an edge might be gained from analysing the form guide at length handicapping or even employing a professional tipping service. On course, Wentworth Park subscribes to the tipping services of the curiously named Giddy-Up which is designed largely to provide theoretical prices for each runner rather than clear cut race winners and speed maps. If punters can secure better odds than their model predicts, they may have an edge.
The service is located on screens in the bookmakers' betting ring. If a punter believes a greyhound is paying overs a price greater than their estimated price the greyhound should be running at , the punter should then calculate what percentage of their bankroll should be gambled on the runner.
This is largely overlooked by most racetrack followers. It is what we refer to as the Risk Management process or Stage 2 of the betting process. Whilst the original Kelly paper detailing how the formula was derived will be too difficult for most readers to understand, the end formula is quite simply:. We provide an example excel spreadsheet below and recommend readers experiment with inputs to get a feel for the model. The main caveat with the system, and any modelling system, is that the data input the edge needs to be reasonably accurate.
Garbage in, Garbage Out! We believe the Giddy Up service provides adequate speed maps and pricing for each runner that punters can use as a starting point to help gain an edge. It perhaps works best when Giddy Up's second and third favourites are mispriced by the market because too much money is directed at the favourite.
An example of the Giddy Up screen is shown below. In this example, the fixed odds available for Black Magic Opal are slightly above the Giddy-Up estimate. For more optimal results, the system would likely work better if two parties manage it, one providing the probabilities of winning and the other the Risk Manager entering the data inputs and executing the bet.
This is because the formula can produce outlay amounts that may not be intuitive, especially should your bankroll grow and the outlays for each bet become much bigger. The model will also produce wild swings in balances that can throw a punter's confidence in the system, setting back punters or producing significant short term growth that instils an unrealistic level of confidence in the system which subsequently distorts future inputs.
When this occurs, punters can lack the discipline required and either ignore the recommendation or revise their probability inputs so that a bet can be made. Alternatively, punters can lay the favourite using Ladbrokes. An example excel spreadsheet model of the Kelly Formula can be downloaded here.
Disclaimer: Use at your own risk.
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