A Quick Guide to Betting on Greyhound Racing

Learning the art of betting on a greyhound is easy. Aside from the fact that there are lots of free resources online, greyhound race tracks are now making things simple to entice more people to give greyhound racing a try.

Now, if you are serious about learning the ins and outs of Greyhound Racing Australia, consider this article a handy guide.

The Types of Greyhound Bets

Greyhound betting is somewhat similar to betting on a horse race. But in case you are not familiar, here are the most popular types of greyhound bets:

1. Straight Bet

Also called a win bet, a straight bet is simply a bet where you predict which greyhound will win the race. Among all types of bets, this is the easiest and the most popular. Because it is difficult to forecast what dog will win the race, the payout odds for this bet are somewhat high. The payout odds of each dog are computed based on the perceived likelihood of that canine winning the race. Simply said, dogs that are predicted to win are often given lower payouts. On the other hand, dogs that are forecasted to unlikely win are given higher payouts.

2. Place Bet

This is a bet where you choose a dog that will win first second or third place. If your chosen greyhound wins first second or third place, your wager is considered a win. Unlike the payout for a straight bet, the payout odds for a place bet is not really that high.

3. Stand Out

The stand out bet is similar to a place bet, only that you choose a dog to take first, second, or third place. It doesn’t really matter what place your chosen dog takes. As long as your bet ends up in the top three spots, it will be considered a winner with formula betting.

4. Each Way Bet

This wager is a combination of the place bet and win bet. Simply put a regular straight bet on a greyhound, and then put a place bet. If your dog wins first place, you will collect two payouts. If your dog wins second place, you will only collect the payout for the place bet.

5. Across the Board Bet

Across the Board Bet is a combination of the show bet, place bet, and win bet. In this bet, you place three bets on one greyhound. If the dog takes the first place, you collect the payouts for the three bets. If it wins the second spot, you collect the payouts for the place and show bets. Finally, if your dog wins third place, you will only collect the payout for the show bet.

6. Exacta

In this wager, you choose two greyhounds to take first and second place. However, you have to ensure you place your bets in the correct order.

7. Quinella

This wager is similar to the forecast type, only that the dogs can win in any order.

8. Trifecta

Trifecta is a wager where you choose three greyhounds to win first, second and third place in proper order.

9. First Four

This is a bet where you choose four greyhounds to win first, second, third and fourth place in proper order. Although it’s not an easy wager to win, it’s a high-paying bet that is worth playing.

10. Parlay

This wager runs across consecutive races. In every race, you choose a dog that will win first place. If you get all three races correct, you win a high payout

The Greyhound Betting System

Greyhound betting systems are the holy grail of the greyhound betting realm. In fact, various systems are available and sold online. The only problem is choosing a system that works well.

In addition, any serious greyhound bettor will tell you that there is no shortcut when it comes to greyhound betting. To win, you don’t really have to rely on betting systems alone. You have to study hard, research, and practice different greyhound betting strategies. If you want to get more helpful tips on how to bet on a greyhound race, visit Wagbet. We are a trusted provider of greyhound racing tips.