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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. A popular quinella bet is the "box" where you select three or more dogs. If two of them finish first and second regardless of order you win. This bet is often referred to as the "straight trifecta.
A boxed bet covers every combination of your dogs. Example: A trifecta box will pay on , , , , , It must finish where you specify it will, with the others finishing in any order. Example: 1 to win with the 2- The 1 must win, the others finishing second and third in any order. You may put your key dog in second or third position also. You select four dogs to finish in exact order. Example: A superfecta must finish in that order to collect. Sometimes the races end in what is known as an "all" situation.
In this case, no one picked the 4th place dog, so anyone who bet the and any number for the fourth position shares the pot. If you're a winner, you'll receive a share of the first half payoff and a free exchange for the 8th race. Take your winning first half 6th race tickets to any window prior to the 8th race. Select the trifecta for the 8th race. If your 8th race trifecta also wins, you win the jackpot. It is possible for more than one winner.
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Learn how to talk the talk before you walk the walk by reading the information below. These wagering explanations will allow you to place your bet with confidence. If you still have questions, our staff will be more than happy to help. We hope your visit will be fun and profitable. Daily Double tickets must be purchased prior to the running of the first race. A popular quinella bet is the "box" where you select three or more dogs.
If two of them finish first and second regardless of order you win. This bet is often referred to as the "straight trifecta. A boxed bet covers every combination of your dogs. Example: A trifecta box will pay on , , , , , It must finish where you specify it will, with the others finishing in any order. Example: 1 to win with the 2- The 1 must win, the others finishing second and third in any order.
You may put your key dog in second or third position also. You select four dogs to finish in exact order. Example: A superfecta must finish in that order to collect. Sometimes the races end in what is known as an "all" situation. In this case, no one picked the 4th place dog, so anyone who bet the and any number for the fourth position shares the pot. When you are greyhound betting online, its absolutely essential that you know all the greyhound bet types.
Being familiar with the terms that people use means that you can really get a grip of how to place the best bets on greyhounds. Our greyhound bets explained guide will demonstrate exactly which each term means and how to use them to your ultimate advantage.
We will cover everything from ante post betting to single bets to forecast bets to accumulators, leaving no stone unturned in our desire to show you all the most important parts of how to bet on greyhounds. Then at the conclusion of our page, we will direct you to the bookmaker which is best for both novice and expert bettors.
If you want to jump straight into the section you want to bet on, just use the handy navigation tool we have created for you below now. If you are looking for one sure-fire way to be successful when it comes to betting on greyhounds, then forget it. There is no one way to suddenly be making bank from dog betting.
Instead, what you need to do is develop your own technique based on a combination of online gambling knowledge, understanding of the track and a true and tested strategy. To learn more, you should check out our unique strategy page. Nonetheless, if you are just getting started, then we do recommend beginning with this page, which will work as a great introduction to different bet types. In simplest terms greyhound Ante Post betting refers to any bet placed before an event — such as the day before or the previous week.
When we are talking about greyhounds however, we are usually talking about huge competitive events such as the English Greyhound Derby or the Irish Greyhound Derby. These events are not just one race, but feature many different heats — therefore the bettor can bet on a dog outright to reach and win the final race. Due to the sheer amount of dogs that appear in an event like this, you can get very large odds on outsized greyhounds.
This is in contrast to on-the-day betting whereby someone would see what dogs were running on the day and bet on them. It is worth noting that, with most races occurring in 30 seconds or less, that live bet placement is unavailable for greyhound betting.
There are a whole host of gambling terms that you should be familiar with before you get onto the pitch. The most common of them all is the single bet, while people who believe they know the outcome of several races may engage in a multiples bet. These are really the basics, while more expert bettors will engage in bets such as the forecast and trifecta bet — requiring expert precision in getting your choices right.
Then if you are really one of the most intelligent bettors around, I would recommend taking advantage of quinella and exacta box bets, as well as picking three and even six bets. In this subsequent section we will explain exactly what this all means.
We would recommend understanding exactly which each bet type means in order to really maximise your betting experience. Please read on what we have written below in order to get the full idea. A single bet is really the meat and potatoes of greyhound betting.
What this means is you either bet on a greyhound to win or place in the race, and if the race comes off, you will get a return on your bet. This can also be done as an either way race, which means that the first two to three dogs to cross the line in the race will still pay out. Definitely a good way to get started. This starts with a double, which is just two selections, before going up to treble, four-fold, five-fold and more.
Most bookmakers allow this to go all the way too around fourteen or fifteen selections. A forecast bet is simple; all you have to do is bet on two greyhounds. The first bet is on which one will win while the second is on which will be the runner-up. A reverse forecast is when you bet on both one greyhound to be first and the other to be second while also betting on the other greyhound to be second while the other is first.
This is seen as a decent way to get a better return.
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Horse Betting News. Watching race replays is an invaluable handicapping tool for horse betting. Sam F. OTB Support. If you want to be in control, you must put back in your pocket some or most of your winnings. Do your homework before signing up to an online sportsbook.
Four important things you should look for in a sportsbook: Are they members of a known Gambling Association? How quick do they pay out? How accessible is their customer service? What happens when there is a dispute? Bet the best two breakers and the best two closers in the race.
Light dogs have trouble in the wet conditions of the track. I play the dogs in Corpus Christi dog track, Texas. The amount of rain we get is nice. With the track wet and doing a 4 dog box trifecta I have had my biggest success picking the fav and the 3 heaviest dogs in combination. If one of the 3 heaviest is not even in the hunt prior to making the wager I sit that one out.
In wet weather conditions bet on the inside traps. Average their finishes and go with the dog with the best finish avearage. I have had success 'keying' on not one, but two dogs, and betting combinations with them, including one trifecta pick each race. I have noted that a favorite, unless heavily favored, likely will not win but can key into quinela combinations well.
I bet exactly 14 dollars each race, 3 quinelas on number one key, 3, quinelas on number two key, and finally one trifecta using keyed dogs plus the wild card usually from the 'keyed' selections. A good race to cover a little more is 4 or more dogs that are all betting favorites, basically no one has a clue but you do from using quinelas and they pay well. You should win at least one trifecta per card doing this. In horse racing, I will bet a horse to win, but in dog racing, I will never bet a dog to win because they are more unpredictable.
That is why quinelas will keep you making money and with a nice hit or two odds wise or a tri, you are in the money. I watch the dogs on the paddock carefully. If you like dogs in general, you can often read their body language as to how they are feeling. I have had success with dogs that are spirited and when a favorite is droopy I will load up against them.
I have found that neighboring pairs often run together and stay out of trouble together. That is when to place exacta bets in my opinion. I have seen dog players at the windows reciting list upon lists of tickets to cover a race. The key to winning is to become a minimalist at the window, while still covering 4 dogs fairly well. A little guessing within your favorites on how to combo them is a good thing. It can succesfully create a winning 'basket', especially as you get more experienced on how to guess, that will keep your ticket costs low and maximize your return.