Beginner’s Guide to Greyhound Racing Betting

Greyhound racing is fast, exciting, and packed with betting action making it a great place to start if you're new to sports betting. But before you dive in, it's important to understand how it all works. This guide will walk you through the basics, popular bet types, and beginner tips to help you get started the right way.

What Is Greyhound Racing Betting?

Betting on greyhound racing simply means putting money on which dog you think will win (or place) in a race. The beauty of it? Races are short, and the results come quick which makes it thrilling for bettors.

Example:
You place €10 on a greyhound at odds of 6.50.
If the dog wins, your return is €65; that’s €55 profit plus your original €10 stake.

Most Popular Greyhound Betting Markets

1. Win Bet

This is the most straightforward bet you’re backing a dog to finish first.

Example:
You put €5 on Greyhound #4 at 3.60 odds.
If it wins, you get €18 back.

2. Place Bet

You’re betting on your greyhound to finish in the top two (or top three in some races).

Example:
€10 on Greyhound #2 to place.
If it finishes 1st or 2nd, you win a smaller payout. At 2.10 odds, you’d get €21 back.

3. Each-Way Bet

A combo of a win and a place. You’re covering both outcomes.

Example:
You bet €10 each-way (so €20 total) on Greyhound #6 at 8.00 odds.

• If it wins, both parts pay out — you could get around €100 total.

• If it just places, you still get a return, usually around 1/4 the win odds.

4. Forecast Bet

Here, you predict which two dogs will finish first and second — in the exact order.

Example:
You put €4 on Greyhound #1 to win and Greyhound #5 to come second.
If they finish in that exact order, you could win around €40 or more depending on the odds.

5. Tricast Bet

It’s like the forecast bet — but now you’re picking the top three in order. Higher risk, higher reward.

Example:
€2 bet on Greyhounds #3, #7, and #2 to finish 1st, 2nd, and 3rd.
If they come in exactly as you predicted, your small stake could return €100+ depending on the race.

Quick Tips for Greyhound Betting Beginners

1. Start with simple bets like win or place until you get the hang of it.

2. Check the form — recent race results and trap history can reveal a lot.

3. Stick to a budget and avoid chasing losses.

4. Don’t ignore the track conditions — rain can shake things up.

5. Watch live races when you can. It helps you spot trends and behaviors.