Greyhound Betting Strategy – How To Lock-In Profit Professionally

02/07/2017

Greyhound Betting Strategy How To Lock-in Profit Feature
Estimated Reading Time: 9 minutes

How Much Did You Lose in Dog Racing? You May Want To Consider Greyhound Betting Strategy Using Matched Betting To Lock-In Profit!!

You Must Be Aware that Many Bookmakers Offer Dog Racing Free Bets. How Do You Use It? Just Bet As Usual? It’s Time For You To Think About the Different Way Of Greyhound Betting Strategy Which Will Allow You To Secure Profit.


Firstly, we don’t do gambling but do Advantage Plays based on mathematical edge to beat the bookies. When it comes to the Racing such as Horse Racing & Dog Racing, we use Matched BettingMatched Betting Instructions to extract profits from various opportunities provided by the bookmakers. We employ many customized tactics to get maximum return from each offer. Greyhound Betting Strategy is one of them.

What Is The Offer Related to Greyhound Betting Strategy?

If you’re a dog racing fan, you must be familiar with the bookmakers’ offers like;

Coral – £20 in Free Bets Sky DogsGreyhound Betting Strategy Coral Offer

The T&C says;

If you’re settling down for an evening of live greyhound racing from Towcester, you’re already flying out of the traps as we’re giving away four £5 free bets on tonight’s live action. Don’t miss out on this offer, the hare is running!

To qualify for four £5 free bets, simply:

Place a win single of £20+ (£20 win or £20 e/w) on tonight’s first live Sky race (19.01 Towcester). We’ll instantly credit your account with four £5 free bets to use on four specified races. Use a £5 free bet on each of the 19.16, the 19.31, the 19.48 and 20.04 from Towcester on Saturday evening. That’s a total of £20 in free bets… all you have to do is find those winners!

Greyhound Betting Strategy – How To Lock-In Profit

What would you normally do with such Coral Free Bets Offer? Just gamble £20 in the 1st race and keep gambling the each £5 free money into the subsequent 4 races? You may win but I have to say you will surely lose in the long-term due to the over-round (bookmaker’s built-in profit).

For this particular point, please find the details in Beat The Bookies By Knowing How Your Enemy Makes Money – Secret Of Odds;Beat The Bookies By Knowing How Your Enemy Makes Money - Secret Of Odds

 Simple Matched Betting

As said, we don’t gamble but use Matched Betting technique to lock-in profit from the offer. Just in case you’re not familiar with it, Matched Betting For Dummies – 9 Essential Things You Should Know Before Staking Any Real MoneyMatched Betting For Dummies - 9 Essential Things You Should Know Before Staking Any Real Money will be of your help. But just briefly, matched betting is

Making;

  • 2 transactions of Back (bet on win) at Coral & Lay (bet on NOT win) at Betting Exchange (Betfair for Greyhound Racing) so that you cover all outcomes.
  • Regardless of the outcome, your losing & winning will cancel out each other. In the real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss. However, you get Free Bets.
  • Now, you repeat the exact same process but using the free bet for the back bet at Coral. Then, this time free bet value (minus little loss) will become your net profit.
  • Success factor is how to minimize this qualifying loss during these process.

With this explanation, for the above specific Coral offer, you can place a win single of £20 on the 1st live Sky race (19.01 Towcester) while laying in Betfair. You will receive 4 x £5 free bets. Use a £5 free bet on each of the 19.16, the 19.31, the 19.48 and 20.04 races at Towcester to extract cash.

Betting Exchange

As you see in the above process, betting exchange is essential for matched betting. Therefore, it’s critical to adopt the right approach toward the betting exchanges from the beginning, which will affect your long-term profit. Suggest you take a look at Bet Exchange – How To Sign-Up & Lock-In Profit Wisely With Best OffersBet Exchange, Sign-Up Strategies Feature Image, where you find the Smart Tactics on How To Use Which Bet Exchange in Which Occasion with spoon-fed like instructions.

We recommend SMarkets as a Core Betting Exchange for matched betting. Not Betfair, Why? Also show how important Matchbook is. Please go to the above document that explains the full rationale & comprehensive strategies to make the best use of all 4 key betting exchanges.

Anyhow, for those who have not opened SMarkets or not even a single bet exchange account, I prepared a step-by-step guide for your quick start. You can effortlessly extract cash from its sign-up bonus of £10 Risk-Free Bet. Actually, this is one of the easiest offers to lock-in profit in the industry. Please click “+” mark to open the instruction;

SMarkets Sign-Up Process with Screenshots

Greyhound Betting Strategy – Instructions On A Few Different Type Of Offers

Firstly, Never Ever Forget To Check T&C Carefully

1 of the advantages of dog racing is massive number of the races you can bet as seen below;

Greyhound Betting Strategy Coral Dog Racing Cards
Greyhound Betting Strategy Click To Enlarge

However, bookmakers don’t offer Free Bets on every races but only the selected races with specific requirement as below Paddy Power Offer;

Greyhound Betting Strategy Paddy Power 2nd To SPr
Greyhound Betting Strategy Click To Enlarge

I know reading T&C is a borering thing, but to avoid unpleasant surprise later, suggest you never save your time by not doing so.

Greyhound Betting Tactics Regular Offer (Back A Winner) – Bet365 Sky 2/1 Offer

Bet365 claims; Back any single winner at 2/1 or more (up to £100) on a greyhound race televised live on Sky Sports and you can have a risk free bet to the same stake on the next live Sky Sports greyhound race. For further details, go T&C;Greyhound Betting Strategy Bet365 2 to 1 Offer

In order to lock-in profit, you can use Overlay Technique. You will find the step by step instruction in   3 Best Ways To Lock-In Profit on Bet365 OffersSpecial Report by GEM
where I use Bet365 Horse Racing 4/1 Offer that can apply to Greyhound Betting Strategy. You will also find other Bet365  Juicy Offers tactics. These will bring you over £2,000 Guaranteed Extra Money with basically Risk Free.Bet365 Matched Betting Full Instruction

It’s a long document so suggest you bookmark it and get back to whenever you place bet on Bet365 Offers. This information is Member Only document. Thus just fill-in your name & email so that you get password instantly to access to it, very easy. Suggest you do access without fail because the contents are so valuable.

Greyhound Betting Tactics Regular Offer (Risk-Free) – 10Bet New Dogs New Tricks Offer

10Bet Claims: We’re offering you the chance to win your stake back as a Free Bet of up to £10 if your very first flutter on the dogs comes up short. You will find the further detail T&C in their Promotion Page;Greyhound Betting Strategy 10Bet Offer

In order to guarantee profit from this offer, you can use Underlay Technique, which you can find the specific process in  How To Lock-In Profits from Risk Free Bet Sign Up Offer By Matched Betting;Free Bet Signup (Refund To Lose) Bet

Greyhound Betting Tactics Regular Offer (2nd to SP Favorite or Selected Trap) – Paddy Power / Bruce Betting / Mint Bet

As you see Paddy Power example before, there are a few regular Refund Offers of Finish 2nd to SP (Starting Price) Favorite or 2nd to the bookie’s Selected Trap.

Bruce Betting Claim: Money Back as a Free Bet if your selection finishes 2nd to our selected trap at our selected meeting;Greyhound Betting Strategy Bruce Betting 2nd To the Selected Trap

Mint Bet Claim is exactly the same;Greyhound Betting Strategy Mint Bet 2nd To the Selected Trap

This 2nd place refund is very popular in horse racing and there is a way to lock-in profit. However, the above offers require additional condition of 2nd to SP or Selected Trap which make it impossible to guarantee the profit. Therefore, suggest you use the standard matched betting process and if you are lucky you get refund. You may want to see the practical process of placing a qualifying bet in Free Matched Bet Starting Guide (2) – How To Sign-Up & Place Qualifying Bet;Free Matched Bet Starting Guide (2) – How To Sign-Up & Place Qualifying Bet

Greyhound Betting Tactics Regular Offer (BOG – Best Odds Guaranteed) – Major Bookmakers

So as the horse racing, major bookies are giving BOG – Best Odds Guaranteed. Although it’s rare to change the odds at the starting point given the unique character of Greyhound Betting as shown in the next section, yet it is a value proposition. So try to chose the bookmaker that claim BOG;Greyhound Betting Strategy Skybet Best Odds Guarantee

Greyhound Betting Strategy – Caution & Tactics

1 thing you need to be aware is that dog racing matched betting has never been the easy one. Let me quote what I explained in my past post. The post is How To Lock-In Profit on Back A Winner Offer by Overlay Betting – Coral & Betfair Case where I discussed specific instruction on How To Lock-In Profit from Horse Racing Back A Winner Offer. I cautioned Greyhound Matched Betting as below;

Coral also constantly run the similar offer for Greyhound Racing ;Back A Winner Coral Greyhound T&C

Actually, the T&C is identical to the Horse Offer except the minimum odds. Greyhound requires minimum 2/1 (3.0) rather than 3/1 (4.0). So, does it sound easier?

It also line-up a lot of races every day. The below shows Sheffield on 25 April ’17 evening race schedule. There are total 16 races within 4 hours;

Back A Winner Coral Greyhound Time Table

However, you will face a few issues.

Firstly, the below is the odds display at 9:20. The odds are still not shown even 4 minutes before the race start. Greyhound race is always like this, the earliest timing of appearing the odds is around 5-7 minutes before the race. Means you have very limited time to compare with Betfair Lay Odds (you need to lay at Betfair because SMarket doesn’t have Greyhound market).Back A Winner Coral Greyhound SP Table

When we look at Betfair Lay Odds, liquidity is usually very limited. I took this screenshot right after I took the above Coral odds, means around 4 minutes before the race starts.

Back A Winner Betfair Greyhound Lay Odds

This is even for Sky Televised Race; Back A Winner Coralr Greyhound Sky TV Schedule

Finally, the odds came out 3 minutes before as below;

Back A Winner Coralr Greyhound Odds

Then, Betfair Odds moves so quickly, Back A Winner Betfair Greyhound Lay Odds Quick Move

It’s very difficult & stressful to calculate the proper lay stake when odds change in flash. Importantly, there is a big risk that you are left with an un-laid bet.

Wrap Up

Firstly, given all the above issues, this is Not For Newbies. Unless you have a lot of matched betting experiences, suggest keep away from it.

If you’re interested in it, a few tips are;

  • Observe the several races without any bet, feel the pace & know what to be done when.
  • Check Betfair odds first and guess the Coral odds. Ignore lay odds which are usually so poor, see “Back (For)” odds in blue colour. You may assume 10-30% lower odds for Coral although depending on the race & dog. Don’t forget the offer requires minimum 3.0 odds thus it’s safe to target the dog with over 3.5 odds.
  • Based on your guessing back odds and available lay odds, just briefly calculate lay stakes for a few dogs to make yourself ready.
  • Once Coral odds comes out, make a quick adjustment in lay stake, and Place Coral Bet FIRST. Never ever ignore Basic Principle of matched betting. Don’t lay first, in case you fail to place back bet, the loss could be pretty big because minimum odds is 3.0. Finally, place lay bet.
  • Strongly suggest practice with small stake such as £1 to see if you can manage it comfortably.

 

Conclusion

Having said, dog racing is still a good opportunity to add up your extra income. Football is by far the most popular sports for matched bettors though your money will be normally stuck in bookies & exchanges for at least a few hours to several hours. On the other hand, greyhound race, same as horse racing, finish within a few minutes. Your winnings are usually credited to your account less than 10-30 minutes (depending on the bookie) after the each race.  This gives you better cash flow, means you are able to make a quicker turnover of your bank, so more efficiently conquer matched betting opportunities.

Lastly, the above issues are the reason why I titled this post as Greyhound Betting Strategy – How To Lock-In Profit Professionally.  You need to develop the certain skill. Thus, allow me to reiterate, watch out for the liquidity & volatility, and make practice (image training or with penny) well before you feel comfortable to place real money.

 

Hope these will be of your help.

Good Luck On Your Bets!!