Thinking about betting on greyhound races?
There are so many variations and it could lead a newbie into a confusing spiral. Each type has differing levels of payout, depending on the level of complexity. If you are still stumped on which kind of bet you want to take, we got you covered.
If you are still new to the greyhound betting game, we highly recommend keeping the wagers conservative and simple. The moment you get a firmer grasp on the many betting options, then maybe you can have more room to play around and experiment on the more complex types.
In this article, we provide a concise guide on the 7 greyhound racing bet types you should definitely get familiar with before you sign up for one.
As the name would suggest, a win bet is betting on a greyhound to win a race. This type awards a winning dividend on the winner of the race.
So for example, if you bet $20 on a greyhound in Box 1 at $5, you would receive a payout of $100 if the greyhound wins. In this bet, you can choose to place your bet on the tote (parimutuel) or on fixed odds.
This involves betting on a greyhound to place first, second, third, and so on. The payoff would be receiving the price that the chosen greyhound is running for a place. Do note that there may be no third dividend if fewer than eight greyhounds are playing in the field.
When you choose Place Bet, the winning amount might be considerably smaller than what a Win bet would pay. The field size greatly affects the winning dividends for place bets as in the following:
– Win only for less than five runners
– First and second for five to seven runners
– First, second, and third for eight or more runnersLike Win Bets, Place bets can be placed on the tote or on fixed odds.
In a standard Quinella, you will be given the opportunity to select the top two greyhounds in any order. Whether they finish first or second, then the payout will be concurrent to their finishing place and so will your payout.
The dividends in this bet type are calculated based on the amount of money designated for the correct combination in the betting pool. Punters can also choose from several variations of Quinella like:
>Box Quinella – This subtype of quinella allows the punter to select greater than two runners. You can include as many greyhounds as you please, but the more runners you choose, the greater the cost for 100% of the bet.
Standout Quinella – A standout quinella requires you to bet on greyhound/s you are confident that could stand out one or more runners.
The Exacta bet type is almost similar to quinella but in the former’s case, you have to pin the greyhounds down in the exact finishing order. For instance, if you place exacta on greyhounds No. 3 and No. 6, you could only get a sure win if No. 3 to places first and No. 8 runs second.
There are greater payouts in exactas, but they are also much more challenging to ace. You can box exactas to include more than two selections, but like in quinella, the higher number of runners you choose, the higher the price of the bet.
In this bet type, the punter gets to select the first three greyhounds to finish the race. Box trifecta, standout trifecta, and rover banking trifecta are just some of the more common variations of trifecta. As with the previous racing bet types, the prices of the greyhounds which run the placings will significantly influence the dividends.
The First Four type involves betting on the first four runners to complete the race. In greyhound racing, there are four types of first fours to place:
Straight First Four – Here, the punter selects the first four runners in their exact finishing order. This is perhaps the most challenging bet to land, but with skill and information, you’ll reap rewarding dividends.
Box First Four – The four runners that you select can finish in any order of first, second, third, and fourth. This yields higher chances of winning but lesser rewards.
Standout First Four – The type where you select one greyhound to run first and three others to fill the rest.
Multiple First Four – This allows for the selection of two or more runners to run first, followed by a number of others to finish the remaining places in order.
Many bookmakers offer this type of racing bet in Australia. In here, you get a randomly chosen bet. The upside to this is that you get to save yourself the hassle of having to choose which bet you should take, but it also puts you at risk of losing money if you don’t bet responsibly.