Greyhound racing has been existent for so long and it is fascinating to watch. Gambling on the sport doubles the fun because you get rewarding profits. So many individuals wish to join in on the action, but they have no idea where to start.
As you read on, you will learn more about greyhounds and also see how you can profit from them. Let’s go!
What Makes Greyhound Racing Popular?
There are so many reasons why this sport is so popular, especially in the gambling sector: Here is a quick breakdown of why people love it:
- It brings on a fast pace all the time: If you are looking for a sport that will consistently bring fast paced action, your pick should be Greyhound racing. They always come with electrifying strength and speed.
- Easy for beginners to grasp: The sport has no unnecessary complications to it. You could join in and learn all about it in the shortest of times. Moreover, understanding a sport is important if you want to wager on it.
Although this sport isn’t at its peak as compared to the earlier days, it remains one of the most thrilling. Unfortunately, some bookmakers like Mostbet/1xbet/22bet are not accepting bets.
Betting on Greyhounds
Putting your money on greyhounds is as easy as it comes. As long as you understand the sport, placing wagers on it won’t be difficult. The most common and easiest way is backing the dog that you predict to win a race. If you are not certain of the first place, then you could stake on the top two; although the payout will be lower.
However, backing a dog to win is quite fundamental and you could take it a step further by using other betting options. Not only do they make it more fun, but they also fetch better payouts if you play your cards right. Let’s have a look at the popular ones:
Each-Way Bet
An each-way bet is a two-in-one type of wager. It is a combination of both win and place. Here you can stake on a dog to either win the race or finish in a certain position. The good thing is that if such a greyhound emerges as number one, you win both sides of the bet, earning more rewards.
However, if the dog doesn’t finish first but still wins the place you predicted, you win the place portion of the wager. Your bookie pays your one-quarter of the wager. Either way, you get to win a little.
Straight Forecast
The straight forecast option allows you to back more than one dog in the race. Here you have to accurately forecast which would come first and second in the race. They have to be in the correct order, if not, it is a loss.
Tricast
This is a higher variation of the straight forecast. Rather than predicting the first and second only, you also forecast the third, in the correct although. Although it is quite difficult, the payout is massive.
Reverse Forecast
Here you may also predict the first three dogs in the race, however, getting the correct order is not necessary. It is quite easier compared to the straight variant so the odds are not as high as the others.
Accumulator
As the name implies, you could accumulate more than one race on the same ticket. If you wish to predict the outcome of a span of races, this should be your pick. It is massively rewarding if you get the hang of it.
The several options may seem overwhelming at first but once you get the hang of it, you will find it easy. For more insight, experiment with each of them and figure out which one works for you.
Greyhound Trading
Greyhound trading is another way to put your money on these fast-paced creatures. Unlike betting, you don’t use a sportsbook to trade, you do it through an exchange. The most popular one is the Betfair exchange. The aim is to make profits by capitalising on price changes.
To know the favourite, you need to check the trading volume. The greyhound with the most volume and liquidity is your favourite for the race.
You could also trade for the winning position or place; it depends on personal preference. As the race commences, there would be changes in price and those movements fetch you profits. Depending on how the race goes, you could close out in profit or loss.
Options in greyhound trading are broadly divided into two:
Back Bet
Back bet is what you know as the traditional form of banking on an outcome to happen. In short, you back the occurrence of an event. If it occurs, you win. So you could back a greyhound to finish in a certain position, and you win if it happens.
Lay Bet
Lay bet is the exact opposite of back bet. Rather than banking on the occurrence of an event, you want it to not happen. So you could lay on a greyhound for first place; you win if the greyhound doesn’t finish first.
Tips and Tricks for Greyhound Trading and Betting
Here are some additional notes to keep you on the winning track while you either trade or bet on greyhounds:
- Always prioritise risk management: Don’t risk more than you can afford to lose. Instead, take calculative moves.
- Losses are inevitable: As much as no one wants it, losses are inevitable. You cannot avoid them, but you can minimise them.
- Don’t gamble every day: Give yourself a break sometimes. Gambling every day is not the best of ideas.
Conclusion
Greyhounds always bring on the fastest action to the stage. Asides from watching them, betting or trading their market could liven things up even more for you. Find the betting options you like, apply with proper risk management and you are good to go!