Greyhound Racing Betting Types
- Greyhound racing offers a number of different beting types and we will explain each wager on the dishlickers
A general view as the greyhounds leave the starting traps at Coral Brighton and Hove Greyhound Stadium in Brighton, England. (Getty Images)
Greyhound racing offers a number of different bet types and we will explain each bet type available for betting on the greyhounds.
Greyhound races in Australia and New Zealand feature a capacity field of eight runners with races generally contested over distances between 290m-750m.
The Mid Tote product offering is the most common for greyhound racing with bookmakers such as PlayUp and Betstar paying out win and place bets at the mid tote amount.
Mid Tote is the second highest dividend of the three national Australian Totes.
For example, let’s pretend the following dividends are paid out on a greyhound winning an event:
If you had selected Mid Tote Win with one of the bookmakers mentioned above, you would have received a dividend of $2.70 as it is the second highest paying Tote.
Bookmakers not only offer the Mid Tote offering, but fixed odds betting for those that like to secure a fixed price.
FAVOURITE VS FIELD
Ladbrokes offer Favourite vs Field betting on greyhound racing. So in a race you could be taking Hooked On Scotch at $1.60 or the field to beat the champ at $2.20. This means any other dog in the race can win and you'll get a return.
The most straightforward bet type is a win bet. You are placing a bet on a greyhound that you think will will pass the post in first.
Win bets can be placed via fixed odds or the Tote (parimutuel), as can place bets and each-way bets.
In order to return a dividend, your greyhound must finish first in the respective event.
Another common bet type is a place bet. You are placing a bet on a greyhound that you think will run first, second or third in a respective event.
Due to capacity fields being eight runners in greyhound racing, a number of races will not offer a third dividend – this is often seen as NTD, or No Third Dividend.
The number of places paid out are as follows:
2-4 greyhounds – win only betting; there is no placing betting available
5-7 greyhounds – two places are paid out, unless the field is smaller due to a late scratching
8 greyhounds – three places are paid out; greyhounds that finish first, second and third receive a place dividend
An each-way bet is a win and place bet combined as one.
This means if your dog wins paying $5 to win and $2.50 to place and you invest $20 each way your return will be $75.