Greyhound Racing Betting Odds
Greyhound racing is still legal and happens in some US states and in other countries, like South Africa, New Zealand, Australia, and the UK.
Going online and using bookmakers or greyhound betting sites are the best ways to bet on greyhound races these days.
Similar to horse racing, you bet on an animal to win the race it’s running in. The types of odds you’ll encounter in racebooks depend on where the competition is taking place.
Prices are expressed as fractions in the UK and Ireland races. In the United States and elsewhere, the odds are in decimal or moneyline form.
For example, a dog can be 3/1, +4.00, or 4.00 in the betting, but their chance of winning is the same. The odds in this example are just expressed in different formats.
In this case, you can bet $1 on the greyhound to win and receive a return of $4 ($3 of profit + the $1 stake) if your prediction is correct.
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How Odds Work
Each greyhound racer is listed by number on the odds board (or tote board). Odds are posted next to this number. These odds are only for the win pool and have no relation to the place, show, quinella, or any other pool.
The odds often change before the race, based on the amount of money being bet on each dog. The change in odds also varies depending on the number of wagers placed on a particular dog.
As more bets are made, the pool becomes bigger. Note that all bettors who win their bets will share in the overall prize pool. So, as more wagers are placed on a dog for a win or quiniela combination, the odds go down. If fewer bets are placed on a runner, the odds go up.
There’s no limit on how much can be won on any single bet. Only the odds determine the amounts. After each race, the odds board will show which dog came in first, second, third, and fourth.
Placing Bets Online Using the Different Wager Types
Although greyhound racing is similar to horse racing, you don’t need to be familiar with online horse betting to understand the different bet types on offer at the racetrack.
In greyhound racing online, besides wagering on the best greyhound to win, you can bet for it to finish in your predicted position. The different ways for you to bet on greyhound races are listed below.
- Win Bet (also called Straight Bet): You win if the dog you bet on crosses the finish line first. The standard minimum bet is $2.
- Exacta Bet or Perfecta Bet (also called Straight Forecast): You select two dogs to finish first and second in the correct order. For example, if you choose # 8 and #4 dogs, #8 must finish first, and # 4 must finish second.
- Each-Way Bet: This is a combination of two bets, the ‘win’ and the ‘place,’ on a single dog. Half of the stake is bet on the dog to win. The other half is for it to place in any position offered in that race. The place requirement depends on the number of runners.
For example, a $5 each-way bet will have $5 on the ‘win’ and $5 on the ‘place,” for a total of $10. You win on both parts of the bet if the dog you picked wins. The place part of the bet is then paid out at a fraction of the win odds, and this amount will be shown in the betting slip.
- Place Bet: You collect your payout if your dog finishes first place or second place.
- Show Bet: You collect if your dog finishes either first, second, or third place. The minimum bet is $2.
- Daily Double: Predict which dogs will win race one and race two. You must buy your daily double tickets before the running of the first race. The minimum bet is $2.
- Quinella or Quiniela Bet (also called Reverse Forecast): You select two dogs to finish together, placing first and second, regardless of the order.
One popular quinella bet is the box, in which you select three or more dogs. When two of them finish first and second, regardless of order, you win.
If you go with the #1, #2, and #3 dogs, for example, you will win as long as two of the three finish first and second.
- Trifecta Bet (also called Straight Trifecta): This bet involves picking three dogs in their exact order to finish first, second, and third. If you bet a trifecta 1-4-7, for example, #1 must finish first, # 4 second, and # 7 third for you to collect on this ticket.
- Trifecta Key: A key bet can be applied if you have a strong preference for one dog. In a trifecta key, you play 3 dogs. You key a dog to finish first, followed by two dogs to place in any order.
For example, you bet $1 trifecta key on 1 with 2 and 3. You are essentially making two $1 bets, so your bet total is $2. Your key greyhound #1 must win, and the other two must finish either 1-2-3 or 1-3-2 for you to get a payout.
- Trifecta Wheel: Pick one dog to finish first and wheel all other greyhounds in the race to finish in second and third. You can also pick the second place dog or third place dog, wheeling all others to finish in the remaining positions. Payout varies by the number of dogs in the race.
- Superfecta: You select four dogs to finish in exact order. This straight bet may also be a $1 box or $1 wheel, just as the trifecta bet is.
For example, a superfecta 1-3-4-7 must finish in exact order to collect your payout. Often, the races end in an “all” situation. This happens, for example, when no one picked the 4th place dog. In this case, anyone who bet the 1-2-4 and any number for the fourth position shares the pot.
- Boxing a Wager: You can box a quinella, exacta, trifecta, or superfecta bet. Boxing a bet means the order by which the dogs finish does not matter.
For example, a quinella box 2-4-6 means that two of the three numbers must finish first and second in any order. If you box a trifecta 2-4-6, all three greyhounds must finish first, second, and third in any order.
States Where Greyhound Racing Is Legal
Greyhound racing in the USA predominantly takes place in Florida. However, the states of Texas, Alabama, Iowa, Arkansas, and West Virginia also have active racetracks. The laws governing whether dog racing is even legal varies from state to state across the United States.
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