Sports Betting Greyhounds
20 February 2011 | No Comments »My 7 top tips for Sports Betting on Greyhounds
Discipline – Arguably the most important thing with regard to betting on greyhound and or any Sports betting for that matter is being disciplined. Only bet what you can afford, never chase your losses and don’t bet for the sake of it.
Knowledge is King – Get to know the sport of greyhound racing inside out. Watch it, read it, live it and breathe it. If you’re serious about making money on the dogs, immerse yourself in greyhound racing and rewards will follow.
Build a Bank – Start your greyhound betting career with a betting bank behind you. Divide it into 50 or 100 and there you have your unit stake. Stick to this strategy and you’ll be sure never to dip into personal funds you shouldn’t.
Keep Records – It may be boring and time consuming but keeping records of your greyhound betting activity is crucial. You’ll know exactly where you stand from a profit and loss point of view and it will also pinpoint the types of bets that work best and worst for you.
Lose the Emotion – Emotional Sport betting are normally losing bets as a rule. Just because a dog you backed last time was unlucky in running doesn’t mean it will win next time. Avoid all previous emotional ties and only back the greyhounds on their merits.
Know the Form – Understanding the form of greyhound racing is a basic prerequisite but one that is surprisingly often overlooked. Punters around the country are betting on the dogs without really understanding what the form figures mean. Use the wealth of information freely available on the web to gain a full understanding of greyhound racing form before dipping your toe in the punting waters.
Visit the Track – While videos and race results can give you an idea of how your greyhound has performed, there is nothing quite like seeing them run in the flesh. Make sure you visit your local track as often as possible and you will develop an eye for what to look out for when betting on greyhound racing
Greyhound Betting
Do you bet dogs to win? Do you play them to win and place? How about show? We all have our preferred wagers, but most of us pretty much stick to one type of bet for our non-exotic plays. I used to only put my money on win, ignoring place and show. Then I realized that a lot of the dogs I picked came in second at pretty good odds, so I added place bets if I thought the odds and the pool showed that they’d pay at least enough to cover my wagers if they came in.
I’ve never made money on show bets, so I stopped playing them a long time ago, unless a dog is at really long odds so that a show bet will pay more than most do. But one day, when a dog I liked was a big favorite, I discovered something about how good place bets can be in certain situations.
I always watch the pools and, to my surprise, there was almost no action in the place pool for the big favorite. Everyone was playing it to win and in exotics, but apparently no one thought it would come in second. My theory is that any dog, no matter how good it looks, can fade or stumble or just not quite have the energy to come in first, so I put a little bit on the favorite to place instead of playing it to win, which would have paid peanuts.
Well, it DID place and I made more on my place bet than I would have made if I had played it to win and it had won. Much more. That’s when I realized that I had a spot play. Since then, I’ve cashed tickets on this play many times. Whenever there’s a big favorite in a race, I look to see how many people are playing it to place. If it’s all out of proportion to the win pool, I play a place bet. If it wins, I might not get much, but I’ll get my money back.
And if it places, I’ll do very well. This is one of the many spot plays that I’ve found by watching the dogs, the board and the changing patterns in greyhound racing. Keep your eyes open and you can spot these things too and add them to your greyhound handicapping toolbox.
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