Betting on greyhound racing is great fun and profitable! With multiple race meetings every day, beginning in the morning and continuing into the late evening, there has never been a better time to get involved. If Horse Racing is the “Sport of Kings”, greyhound racing is for everyone!
Greyhound Racing History in Australia
The first sporting use of greyhounds in Australia dates back to the 1860s. However, it wasn’t until 1927 that ‘tin hare’ racing was introduced in NSW, with the first meeting held at the Epping racecourse. From its humble beginnings, greyhound racing has grown into a large industry with over 60 greyhound tracks in Australia, racing 364 days a year.
Greyhound racing has traditionally occupied a night time slot in the racing calendar. However, this has recently changed, with racing betting odds occupying morning, day, twilight and night time slots with the host broadcasters. This expansion has led to a boom in betting on greyhound racing, and there is now the “Million Dollar Chase”, a race with $1 million in prize money for the winner and many other $100,000+ races.
Some greyhounds are pure speedy “chasers” who love the straight tracks, while others prefer to “hug the rails” and save ground on the turning tracks. Races can be run over short distances of less than 300m, while distance races can go for 700+ metres.
Betting on Greyhound Racing
The three most common bet types are listed below:
Win
This is the simplest form of betting. You do the form, pick out a dog and place a bet on them. If they win, so do you!
Place
Similar to a win bet but with more options to win. In races of 8 starters, place bets are paid out on the top 3 placings, while fields of 7 or fewer payout on the first two past the post. The payouts are smaller than winning bets, but the frequency of payouts is greater.
Quinella
This bet is placed on who will finish in the top 2 of a particular race in any order. Payout figures are more prominent than a win bet, as finding the top 2 finishes in a race is more complicated.
Why Bet on Greyhound Racing
The speed of greyhound racing attracts both novice and serious punters daily. The fact that “Greyhounds can’t talk” and the rate of races and payouts makes betting on greyhound racing appealing.
With some research and a little luck, astute punters can make profits.
Greyhound Racing Tips
As with all forms of racing and betting, the key to being a successful greyhound bettor is to be well-researched and prepared. There are a lot of variables in each greyhound race that will play a part in determining the outcome of the race, and it is essential to weigh these up before placing a bet.
Greyhound racing is all about speed. Dogs that begin well can stay clear of any trouble in the race and win regularly. Experienced bettors love to see their dogs up in the lead with a clear galloping room.
The box draw is crucial to a greyhound’s winning chances on turning and circle tracks. Dogs drawn closer to the rails and have good speed tend to race well, with 25% of all greyhound races won by box 1 each year.
How a dog is graded makes a massive outcome of a race. As a greyhound wins races, they work their way up through the grades and meet other in-form dogs. A greyhound that has beaten opponents in a lower grade may need help to overcome the step up to race faster dogs.
The Best Bookmaker for Greyhound Racing Betting
Finding a licensed and respected bookmaker is crucial when embarking upon a betting journey. Palmerbet are third-generation bookmakers and are part of the NSW Bookmakers Co-Op. They are licensed within Australia and offer extensive markets on all greyhound racing and futures markets for the big races to come.
The Palmerbet Blog has greyhound racing predictions, updated betting markets, breaking news, and information on various upcoming events. In addition, it is an excellent source for free expert opinion, greyhound racing betting previews, up-to-date greyhound racing betting odds, and all-important group 1 greyhound tips.
When it comes to greyhound racing, Palmerbet has got you covered! Visit the website at Palmerbet.com or download the Palmerbet app via the app store.