Greyhound Racing Betting – Where to Start?

Greyhound Racing Betting – Where to Start?

Greyhound racing is popular across the UK, with over twenty active tracks registered with the Greyhound Board of Great Britain (GBGB). The sport made its first appearance at Belle Vue Stadium in Manchester after arriving from the US in 1926. Interest in racing peaked in the 1940s, and while many tracks have closed since then, it still plays a big role in British culture.

Don’t know the ins and outs of greyhound racing but want to know how to get involved? We’ll cover everything you need to know about greyhound racing betting, with a little help from the greyhound guide on onlinesportsbettingsites.co.uk.

How greyhound betting works

The first thing to know about greyhound racing is that there are usually six greyhounds running in each race. At the most basic and obvious level, most bets are usually for a certain dog to come first in a race. However, the dog doesn’t have to come first in order to win something.

There are several types of bets you can make on a greyhound. If you have any knowledge of horse racing, the betting system may be more familiar to you. Here are some of the most popular greyhound betting terms and what they mean. 

Win – This bet is placed on the basis of a particular dog coming in first place and winning the race. 

Place – A place bet can be made for a dog to finish in either first or second place.

Show – This type of bet gives you wider options when it comes to winning. A dog can finish in first, second or third place to successfully win your bet. 

Exacta – Also referred to as a ‘forecast’, you choose two dogs to come first and second in the same race and in a particular order. 

Trifecta – A wider type of bet similar to a ‘Show.’ This bet means you have to choose three dogs to come first, second and third in the same race and in a particular order.

Greyhound betting odds

Greyhound bets in the UK are referred to differently than in the US or elsewhere. While in the UK bets are recorded as fractions, US bets often appear in moneyline or decimal form. A dog that may have the odds of 3/1 here might be written as +4.00 or 4.00. Whichever way the bet is noted, you still have the same chance of winning £4 with a bet of £1. This breaks down to £3 of profit and £1 of the stake you gambled.

What’s great about greyhound betting, and many other sports, is that there’s much more chance to win than you would on any sort of lottery. It’s also really fun to take part in as there’s some level of skills and control. You’re not just aimlessly taking a punt with random numbers, drawn out by a machine. You’re deciding which dogs you think have the best chance of winning.

Where to bet

Betting is no longer limited to making a trip to your local betting shop. In recent years online gambling and mobile betting have seen a huge increase in popularity. Research conducted by the UK Gambling Commission showed that mobile betting in particular is on the rise.

In 2018, the number of people using a mobile phone to bet grew by 5% compared to 2017. That’s no surprise, given that we take our phones everywhere and use them for almost everything. Out of those surveyed, 18% had also gambled online in the previous four weeks. Using a laptop or mobile phone means it’s easier and more convenient to place a bet and opens greyhound racing to a younger generation.

By Matched Bets Experts

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