Greyhound Betting Strategy – How To Lock-In Profits

Greyhound Betting Strategy How To Lock-in Profit FeatureMatched Betting

Greyhound betting strategy of simple matched betting method enables you to lock-in profits!!

Many bookmakers offer greyhound racing free bets. How do you use It? Just bet as Usual? It’s time to think a Different way of greyhound racing systems mathematics which will be your eye opener for how to bet on dog races and win.

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What are the Offers Related to Greyhound Betting Strategy?

Greyhound Offer Examples

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

Betfred – Bet 3 Get 1 Free

greyhound betting strategy, betfred offer

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Betsid – Sunday Bet 3 x £10 Get £10 Free Bet

greyhound betting strategy betsid offer

Coral – £20 in Free Bets Sky Dogs

Greyhound Betting Strategy Coral Offer

The T&C of Coral Offer 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!

Laying Greyhound 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.

Simple Matched Betting For Greyhound Racing – Simple Greyhound System That Really Works!!

You don’t need any complicated greyhound racing mathematics, but simply, you shouldn’t gamble but use simple 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 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.

When it comes to the Betfred Bet 3 Get 1 Free Offer I presented first, basically the same process. You place 3 Qualifying bets then you will get £10 Free Bet (this free bet amount is the average of 3 qualifying bets amount and the maximum is £10). The good thing of Betfred offer is that you can use this free bet for any markets, not limited to Greyhound racing. It will make you much easier to extract profit – see the later “Greyhound Betting Strategy – Caution & Tactics” section for the detail reasons.

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: Ultimate Guide to Betfair, Smarkets, Betdaq & Matchbook, 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 exchange account, we prepared a step-by-step guide for your flawless 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

Please follow the below process, which takes less than 10 minutes to complete;

Update & Confirm T&C (Terms & Conditions)

  • Firstly, Go To SMarkets Welcome Offer Page and confirm the availability of £10 Risk Free Sign-Up Promotion (or if you’re lucky you may find a better offer they periodically run via that link)

smarkets £10 welcome offer image

  • Read welcome bonus T&C. I know it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;

smarkets £10 welcome offer t&c

Simple Sign-Up By Filling Information

  • After confirming the availability of the offer & reading the T&C,  click “SIGN UP” button;

smarkets £10 welcome offer sign up

  • Fill-in the required information related to Account, Personal Information & Deposit;

smarkets sign up page image

A Few Key Points

  • For the deposit method, Skrill & Neteller deposits are not eligible for the £10 bonus.
  • Account Verification. You will receive the below e-mail to verify account. Suggest you do it as quickly as possible to prevent any future transaction delay;
    Bet Exchange SMarkets ID Verification

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  • That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers.
  • If you are not familiar with how to start matched betting, see how to place qualifying bet.

How To Extract Cash From The Offer?

As said, SMarkets signup offer is probably the easiest one. Because you don’t have to do anything. SMarkets will refund your first £10 loss. Yes, even you win thousands of £ before you lose £10, SMarkets will refund your first £10 loss. So, just keep doing the matched betting, and whenever you lose £10 for the first time in SMarkets, you will be refunded, and as you’re aware it’s your profit.

Some Good News

  • Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
  • Remember, any income from the matched betting are Tax Free in the UK / Ireland even you are treated as a professional gambler, means you make living gambling with the gambling profits as your main income source – see further in Tax section in this report

£2,500 Risk-Free Opportunities

BTW, Matched Betting is all about making the best use of bookmakers’ promotion, thus you need to open up bookies account as many as possible.  All online bookies are in fierce competitive situation thus advertise tasty offers to attract your sign-up. However, Don’t sign-up directly, Click + To See Little Known Smart Method;

How To Earn £2,500 Risk-Free Cashback

Many punters overlook huge Cashback Opportunities and open up bookmaker, casino & bingo account directly. Stop doing it, you can earn a lot of risk-free cash while receiving the gambling sites’ own sign-up offers & bonuses. We have separately prepared  Betting Cashback Websites – The Ultimate Guide To Be Always Better Off, where you will find how to collect £2,500 cashback all together. So, from now on, Never Ever Sign-Up Any Gambling Accounts Directly Before Checking the Availability of Cashback Offer stated in the above document.

  • Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
  • Remember, any income from the matched betting are Tax Free in the UK / Ireland as long as it is not considered as your main source of income.


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 borring 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. 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.

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.

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 an 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 GreyhoundRacing ;Back A Winner Coral Greyhound T&C

Actually, the T&C is identical to the Horse Offerexcept 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 and generally speaking the best lay odds comes out only a minutes before the race starts. Therefore, importantly, there is a big risk that you are left with an un-laid bet.

So how to manage it? See the Wrap Up later.


I used Coral Greyhound odds situation as an extreme case of late odds.However, other key bookies such as Bet365 or Betfred are not as bad as Coral, and displays at least 3-6 races odds in advance (but remember, the good lay odds at Betfair usually comes out only a minute before the start);

greyhound betting strategy, betfred odds schedule

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Although the above image shows only 3 races, Betfred actually displayed 6 races odds in advance. So, despite the fact that the liquidity of Betfair are generally still limited, you have chances to locate the narrow odds well in advance. Just FYI.

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 Bookmaker’s odds. Ignore lay odds which are usually so poor, see “Back (For)” odds in bluecolour. You may assume 10-30% lower odds for Bookmaker although depending on the race & dog. Don’t forget to check if the offer requires any minimum odds like minimum 3.0. If that’s the case 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 Bookmaker’s oddscomes out, make a quick adjustmentin lay stake, and Place Bet AT BOOKMAKER 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 usually lay burden is heavy. Finally, place lay bet.
  • Even you place a bet at bookmaker successfully, there is a chance you fail to lay means leaving uncovered at Betfair because the good lay odds comes out a minute before start. So, as a general principle, try to bet on Favorite so that even you fail to lay, there is a large chance to simply win.
  • Strongly suggest practice with small stake such as £1 to see if you can manage it comfortably.


Greyhound Betting Strategy Alternative Method

Betfair Greyhound Trading

In case you are a greyhound racing fan, and want to trade not only the offer race but every day, you may want to use the CaanBerry Proven System, which will give you Betfair Greyhound Strategy that works. Watch the below video;

You may also want to check other Caan Berry Products.

When it comes to the Greyhound Tips, you may want to check Tipstronic Free Tip;


Greyhound Betting Strategy – Conclusion

As a recap, allow me to share our principle a bit. Many people automatically think Betting = Gambling. Big Misconception. We do bet but don’t count on luck. Instead, we do 6 Advantage Plays6 Advantage Play Feature Image based on mathematical edge to beat the bookies, casino & bingo. When it comes to the Sports Betting, we use Matched Betting / Sports Arbitrage / Value Bets On Proven Tipsters to lock-in profit or consistently earn extra income for long-term. With that said, one of our policies is “Betting On Chance Is For Losers, Stop Gamble Betting But Bet on Only +EV To Win Reliably“, and it is effectively our way to promote Responsible Gambling. And we strongly support GambleAwaregambleaware logo being explained in about us.

We, Global Extra Money (GEM) would like our readers to exploit those reliable money making opportunities as many as possible. Providing this Greyhound Betting Strategy is part of our efforts to achieve that vision.

Although you need to take careful approach, the dog racing is still a good opportunity to add up your guaranteed 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.

Incidentally, 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.

Finally, if you keep taking too much value from bookmakers, you will face Account Restriction a.k.a. “Gubbing”. Actually, it’s just a matter of time before most of the soft bookies limit your account if you do matched betting without any precautionary actions. Therefore, we have prepared the following 2 guides; We believe the above 2 guides will help you keep exploiting unfair bookies, means will enable you to make money on the side reliably for long-term.

Hope these information will help you expand sure bet options.

If you have any inquiry or need any help from us, please contact us anytimeGlobal Extra Money Contact (don’t worry, we will not charge you any fee, everything is free here).

Good Luck!!

Joshua Walker (bio

Editor – Global Extra Money (GEM)