how do you bet on dog races

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How do you bet on dog races binary options trading coach youtube

How do you bet on dog races

The difference, however, is that it matters not in what order the dogs finish. For instance, you bet on Rufus 5 and Gizmo 4. As long as Rufus and Gizmo finish in first and second place, your bet wins. Bear in mind, your Quinella bet will earn you more profits if the dog with the higher odds finishes in second place and the one with lower odds wins the race. Even though you select two greyhounds, the Quinella is a single bet. Another more advanced type of bet is the Trifecta, also known as a Treble Forecast.

This is a type of multiple bet where you pick three greyhounds. Yet, if you do manage to guess the exact order correctly, you will collect handsome winnings. Twin Trifectas are a variation of the previous type. This is a multiple pool bet consisting of two Trifecta selections for two separate races.

Punters select a combination for the first race and then exchange their tickets for another Trifecta for the race that is to follow. If the first half of your Twin Trifecta wins, you will be paid out. The remainder of the pool will be paid to punters who have guessed correctly the second half of the Twin Trifecta.

In case no one wins with the second half, the remaining money is to be carried over to the next race. Superfecta bets are also quite popular among seasoned punters. These are also called Straight Superfectas. The more dogs you add to your bet slip, the higher the odds and respectively , the payouts will be. As there is only one order of finish, the Superfecta is considered a single bet. If you do win, you will collect a huge amount of money. The Daily Double bet resembles accumulators to a great extent.

You need to predict the dogs which are to win the first and second races for that particular day. And finally, the last two bet types you will come across when you start wagering on greyhounds races are the Pick 3 and the Pick 6 bets. The Pick 3 requires you to pick the winning dogs on three consecutive races, while with Pick 6, you are expected to predict who the winners of six consecutive races will be.

Of course, if this is your first time betting on greyhounds races, you might find the race program quite overwhelming and even confusing. This calls for an explanation of what this program consists of and how to use it to your advantage. At the top of the form, you will notice the number of the race is specified.

Below, the types of bets you can place are listed — Show, Win, Place, Quinella and so on. All greyhounds that are to participate are enumerated. The grade of each dog is also listed. This is important as such grades show where the dog rates compared to its rivals at the track.

The letter M, on the other hand, stands for Maiden. Each time the dog finishes first, it earns a higher grade until it finally reaches the AA. If a dog finishes at fourth place or lower, its grade is lowered.

Typically, dogs with similar or equal performance compete against each other in the races, but sometimes the abbreviation TA is used to designate the grades in the race are mixed A and B for instance. The number of times the animal has finished in first, second, third and forth place are listed. The conditions of the track where the race is held are also abbreviated. All these factors must be taken into consideration, as well. Some information on the greyhound is also provided — this includes its sex, weight, age, color, trainer and so on.

This alone might increase your chances of placing a winning bet. The odds of previous races the dog participated into are specified at the bottom, along with the total number of greyhounds that are to compete in this race. Placing bets on horse racing can prove to be far more profitable and is frequently the choice of professional punters. Still, if you factor in certain things when betting on dogs, you might generate more substantial profits in the long run.

One important factor you need to take into consideration before you proceed to place your bet on a given dog is its form and performance in recent races. As was mentioned above, in most cases dogs of similar or equal ability participate in the same race. However, if one of the dogs has recorded faster times in its previous races, this may serve as an indicator of a potential winner. The trap number at which the animal is positioned is also of importance. If a dog has consistently demonstrated better form and performance from trap number 5, but is now positioned at trap number 3 and is rounded by fast runners on each side, it may struggle to outrun them.

If such dog fails to find a passage between its faster rivals, it most definitely will fail to finish in first or second place. On the other hand, if the dog in question is again positioned at trap number 5 its usual position and is surrounded by slower runners on either side, the animal might perform much better. As you can suppose, the older a dog is, the slower it runs, which is only natural after all. Female dogs are said to perform better at the beginning of their racing season.

The longer time a female dog spends on the track, the more trouble it will experience in coming in first. That is why you need to check the date on which the female dog has entered the season. If it entered just recently, this might indicate the dog is still in good shape and will cope with its rivals easily. In addition, females are much harder to train compared to male dogs.

Of course, this is highly individual and may vary from one dog to another. Naturally, age is of great importance, too. It takes about two years for a greyhound to reach its full maturity. During this period, the dog is trained and improves on its skills and form. Once the greyhound reaches three years of age, it is considered fully grown and at the peak of its form. The average age most competing greyhounds retire at is five to six years. Breeding is yet another thing to consider.

The running style of greyhounds is frequently compared to that of the cheetah. However, each dog has a style and pace on its own. Some greyhounds are called early-paced — they fly out of the trap at the start of the race and maintain a good speed at the beginning, but as the race progresses such dogs tend to tire out. Middle-paced dogs, on the other hand, accelerate very quickly in the middle stages of the race.

Trap position is crucial for these dogs. Such greyhounds usually suffer a slow start , but are able to compensate for it at the end of the race. Unfortunately, in many cases such dogs may be impeded by their rivals as they need to pass in front of them. Not everything depends entirely on the dog, however. That is why who has trained the dog can be of crucial importance. Some trainers simply have a way with dogs and know how to get the best out of them. The length of the track the race is held at also plays a role.

The distance varies from country to country. In Australia, there are two types of tracks. The first one is roughly about meters and is used for Sprint races. The other type is used for Distance races of over meters. The aforementioned factors are extremely important for improving your chances of placing a winning bet.

However, a few good betting tips can further tip the scales in your favor. Being a successful punter calls for a good preparation before you place your wager. Keep in mind, preparation does not involve only deciding on which dog to bet. This means you need to consider the odds and find the best ones. Consider opening an account at three of more bookmakers and always compare the odds they offer. An important step is deciding on your basic betting unit.

This means you need to set aside a certain sum of money and use it for betting purposes only. Then again, you also need to decide on the size of each individual bet you place. It perhaps works best when Giddy Up's second and third favourites are mispriced by the market because too much money is directed at the favourite. An example of the Giddy Up screen is shown below. In this example, the fixed odds available for Black Magic Opal are slightly above the Giddy-Up estimate.

For more optimal results, the system would likely work better if two parties manage it, one providing the probabilities of winning and the other the Risk Manager entering the data inputs and executing the bet. This is because the formula can produce outlay amounts that may not be intuitive, especially should your bankroll grow and the outlays for each bet become much bigger.

The model will also produce wild swings in balances that can throw a punter's confidence in the system, setting back punters or producing significant short term growth that instils an unrealistic level of confidence in the system which subsequently distorts future inputs. When this occurs, punters can lack the discipline required and either ignore the recommendation or revise their probability inputs so that a bet can be made.

Alternatively, punters can lay the favourite using Ladbrokes. An example excel spreadsheet model of the Kelly Formula can be downloaded here. Disclaimer: Use at your own risk. The information above is of a very general nature and is provided as a guide only. The usual disclaimers regarding no acceptance or responsibility for accuracy apply, including the use of the sample excel spreadsheet.

The John Kelly Formula is merely a tool amongst many that may be of use to some gamblers. Giddy-Up also provides no guarantee that their service will generate any return in isolation. Giddy-Up is a service we subscribe to and we have no affiliation with beyond that subscription.

See here for more information regarding problem gambling. If less than 8 runners, a place bet pays on only 1st and 2nd placings. You can add more greyhounds to the mix to improve your chances. You can pick between 4 or 8 greyhounds in your bet. Don't feel embarrassed! You can select 'fixed price odds' which guarantees your price when you make your bet note that all on-course Bookmakers provide fixed price odds.

Simply tell the TAB operator "fixed odds" when placing the bet. The start is one of the most important factors to assess because a good start can mean a greyhound will avoid a squeeze. Here is a snap shot of a Speed Map, overlaid with some comments by ourselves:. Number 1 the red rug appears to have plenty of room here as numbers 2 and 3 appear to be slower starters based on recent race history.

The number 1 box also produces the most winners see below "stats" , so we just want to then look at recent race times at Wentworth Park over m compared to the other greyhounds. If we see Greyhound runner 8 also appears a fast starter, so check how he matches up against number 1. The race review slide the screen across to the left on the app will usually mention if any of these greyhounds are what we call a "widey" likes to race wide and avoid the other greyhounds or a railer hugs the rail, which is of course the quickest way to the finish post.

Racebooks will also report "1st Sectional Times" which is the input for the above Speed Map and is usually around 5 seconds. Study these closely as even a fraction difference can determine a race. If a dog ran a poor 1st sectional last start, check from which box it ran from. If it is box 4, 5 or 6 then you could forgive it!

Look for best times and best sectionals, but discount anything more than months old. Check how many races the greyhound has won and its placings. Other information is important such as the record of the Trainer and first-time starters at Wentworth Park, but overall the variables and inputs that influence a race start to shrink.

FOREX TRADING CHARTS FOR BINARY OPTIONS

You can download the WOoF excel sheet here. Fortunately the biggest players in greyhound betting markets do analyse the form independently, and novices are usually small time punters that seldom influence the market as opposed to the stock exchange. Remember the dot-com boom anyone? As another alternative, our weekly racebook tipster assigns estimated odds for each greyhound runner in each race. Whilst these odds are not translated into probabilities, you can simply do this translation in the spreadsheet provided above and write it in the racebook.

For example, the expected return from betting heads at even money on , coin flips is zero. In many cases, such as the flip of a coin, the edge does not exist deeming any betting participation as futile. In greyhound racing, an edge might be gained from analysing the form guide at length handicapping or even employing a professional tipping service. On course, Wentworth Park subscribes to the tipping services of the curiously named Giddy-Up which is designed largely to provide theoretical prices for each runner rather than clear cut race winners and speed maps.

If punters can secure better odds than their model predicts, they may have an edge. The service is located on screens in the bookmakers' betting ring. If a punter believes a greyhound is paying overs a price greater than their estimated price the greyhound should be running at , the punter should then calculate what percentage of their bankroll should be gambled on the runner.

This is largely overlooked by most racetrack followers. It is what we refer to as the Risk Management process or Stage 2 of the betting process. Whilst the original Kelly paper detailing how the formula was derived will be too difficult for most readers to understand, the end formula is quite simply:. We provide an example excel spreadsheet below and recommend readers experiment with inputs to get a feel for the model. The main caveat with the system, and any modelling system, is that the data input the edge needs to be reasonably accurate.

Garbage in, Garbage Out! We believe the Giddy Up service provides adequate speed maps and pricing for each runner that punters can use as a starting point to help gain an edge. It perhaps works best when Giddy Up's second and third favourites are mispriced by the market because too much money is directed at the favourite. An example of the Giddy Up screen is shown below. In this example, the fixed odds available for Black Magic Opal are slightly above the Giddy-Up estimate.

For more optimal results, the system would likely work better if two parties manage it, one providing the probabilities of winning and the other the Risk Manager entering the data inputs and executing the bet. This is because the formula can produce outlay amounts that may not be intuitive, especially should your bankroll grow and the outlays for each bet become much bigger.

The model will also produce wild swings in balances that can throw a punter's confidence in the system, setting back punters or producing significant short term growth that instils an unrealistic level of confidence in the system which subsequently distorts future inputs. When this occurs, punters can lack the discipline required and either ignore the recommendation or revise their probability inputs so that a bet can be made.

Alternatively, punters can lay the favourite using Ladbrokes. An example excel spreadsheet model of the Kelly Formula can be downloaded here. Disclaimer: Use at your own risk. The information above is of a very general nature and is provided as a guide only. The usual disclaimers regarding no acceptance or responsibility for accuracy apply, including the use of the sample excel spreadsheet. The John Kelly Formula is merely a tool amongst many that may be of use to some gamblers.

Giddy-Up also provides no guarantee that their service will generate any return in isolation. Giddy-Up is a service we subscribe to and we have no affiliation with beyond that subscription. See here for more information regarding problem gambling. If less than 8 runners, a place bet pays on only 1st and 2nd placings. To a great extent they are quite similar. If you are a beginner to the sports betting scene, it would be a great idea to start off by placing the most straightforward type of bet, which is the so called Straight or Win bet.

Logically, if your dog wins, you will collect your profit. Another popular type of bet to place on such events is the Place bet. The name itself suggests the punter is expected to place a bet on his favourite dog to finish first or second. It matters not at which place the greyhound finishes. As long as it emerges as first or second-place winner, you will collect your winnings. The amount of the payout is the same for both positions. One very important thing to note is that winning Place bets will generate less profits in comparison to Straight bets.

Show bets are yet another alternative. The dog you back must finish in first, second or third place and all three places pay out the same amount of money. As bets on all three positions are winning, this can further increase your chances of generating substantial long-term profits.

Sometimes you can combine several wagers into one. One of your options is to place a Win-Place bet. In this case, two wagers are combined. The payout depends on the exact position the dog finishes at. If the greyhound wins the entire race, you will be paid out for a Win Bet, while the exact position will pay out like a Place bet. With the so called Across the Board bet, three separate wagers are combined into one , namely Win, Place and Show bets.

Similarly, if your favourite finishes the race first, you collect winnings for a Win bet. If the dog comes in second, you are paid for a Place bet. And finally, if the greyhound finishes in third place, it pays out as a Show bet. Combining three bets into one can be more risky, but it comes with a certain advantage — your payouts will be higher compared to those you will collect with individual bets. The next type bears a slightly exotic name — the Exacta. The name itself indicates punters should pick the first two dogs to finish in a specified order.

Which makes it more difficult to predict. Here is an example: you select Empress, greyhound number 6, to win the race and bet on number 4, a dog named Cinders, to come in second place. Yet another option for more experienced punters is placing a Reverse Forecast bet.

This type goes under the name Quinella. Similarly to the Exacta bet, you are expected to select two dogs to cross the finish line in first and second place. The difference, however, is that it matters not in what order the dogs finish. For instance, you bet on Rufus 5 and Gizmo 4. As long as Rufus and Gizmo finish in first and second place, your bet wins. Bear in mind, your Quinella bet will earn you more profits if the dog with the higher odds finishes in second place and the one with lower odds wins the race.

Even though you select two greyhounds, the Quinella is a single bet. Another more advanced type of bet is the Trifecta, also known as a Treble Forecast. This is a type of multiple bet where you pick three greyhounds. Yet, if you do manage to guess the exact order correctly, you will collect handsome winnings. Twin Trifectas are a variation of the previous type.

This is a multiple pool bet consisting of two Trifecta selections for two separate races. Punters select a combination for the first race and then exchange their tickets for another Trifecta for the race that is to follow. If the first half of your Twin Trifecta wins, you will be paid out. The remainder of the pool will be paid to punters who have guessed correctly the second half of the Twin Trifecta. In case no one wins with the second half, the remaining money is to be carried over to the next race.

Superfecta bets are also quite popular among seasoned punters. These are also called Straight Superfectas. The more dogs you add to your bet slip, the higher the odds and respectively , the payouts will be. As there is only one order of finish, the Superfecta is considered a single bet. If you do win, you will collect a huge amount of money.

The Daily Double bet resembles accumulators to a great extent. You need to predict the dogs which are to win the first and second races for that particular day. And finally, the last two bet types you will come across when you start wagering on greyhounds races are the Pick 3 and the Pick 6 bets. The Pick 3 requires you to pick the winning dogs on three consecutive races, while with Pick 6, you are expected to predict who the winners of six consecutive races will be.

Of course, if this is your first time betting on greyhounds races, you might find the race program quite overwhelming and even confusing. This calls for an explanation of what this program consists of and how to use it to your advantage. At the top of the form, you will notice the number of the race is specified. Below, the types of bets you can place are listed — Show, Win, Place, Quinella and so on.

All greyhounds that are to participate are enumerated. The grade of each dog is also listed. This is important as such grades show where the dog rates compared to its rivals at the track. The letter M, on the other hand, stands for Maiden. Each time the dog finishes first, it earns a higher grade until it finally reaches the AA.

If a dog finishes at fourth place or lower, its grade is lowered. Typically, dogs with similar or equal performance compete against each other in the races, but sometimes the abbreviation TA is used to designate the grades in the race are mixed A and B for instance.

The number of times the animal has finished in first, second, third and forth place are listed. The conditions of the track where the race is held are also abbreviated. All these factors must be taken into consideration, as well. Some information on the greyhound is also provided — this includes its sex, weight, age, color, trainer and so on. This alone might increase your chances of placing a winning bet. The odds of previous races the dog participated into are specified at the bottom, along with the total number of greyhounds that are to compete in this race.

Placing bets on horse racing can prove to be far more profitable and is frequently the choice of professional punters. Still, if you factor in certain things when betting on dogs, you might generate more substantial profits in the long run. One important factor you need to take into consideration before you proceed to place your bet on a given dog is its form and performance in recent races. As was mentioned above, in most cases dogs of similar or equal ability participate in the same race.

However, if one of the dogs has recorded faster times in its previous races, this may serve as an indicator of a potential winner. The trap number at which the animal is positioned is also of importance. If a dog has consistently demonstrated better form and performance from trap number 5, but is now positioned at trap number 3 and is rounded by fast runners on each side, it may struggle to outrun them.

If such dog fails to find a passage between its faster rivals, it most definitely will fail to finish in first or second place. On the other hand, if the dog in question is again positioned at trap number 5 its usual position and is surrounded by slower runners on either side, the animal might perform much better. As you can suppose, the older a dog is, the slower it runs, which is only natural after all.

Female dogs are said to perform better at the beginning of their racing season. The longer time a female dog spends on the track, the more trouble it will experience in coming in first. That is why you need to check the date on which the female dog has entered the season. If it entered just recently, this might indicate the dog is still in good shape and will cope with its rivals easily. In addition, females are much harder to train compared to male dogs.

Of course, this is highly individual and may vary from one dog to another. Naturally, age is of great importance, too.

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