Greyhound Betting Strategy – How To Lock-In Profits Professionally

Profitable Greyhound Strategy

A simple profitable greyhound betting strategy that always wins is to use matched betting method because it enables you to lock in profits without risk. 

Many bookmakers offer greyhound racing free bets. How do you use It? Just bet as Usual?

It’s time to think of a Different way of greyhound racing mathematics, which will be your eye-opener for how to bet on dog races and win.

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

Betfred T&C says;

Place a bet on 3 different Greyhound races on qualifying days.
Receive your average stake back as a free bet up to £10.

Netbet – Stake £50 and get a £10 Free Bet

The T&C of Netbet Offer says;

Customers must place at least £50 on Greyhounds between Monday – Sunday. Minimun odds 1/1 (2.00) per selecions. Free Bet given once £50 has been staked and settled. One Free Bet per customer per week

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 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 Overround (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.

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 the 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 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 use the free bet for the back bet at Coral. Then, this time free bet value (minus a little loss) will become your net profit.
• The success factor is how to minimize this qualifying loss during this 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, 19.31, then 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 before, basically the same process.

You place 3 Qualifying bets then you will get a £10 Free Bet (this free bet amount is the average of 3 qualifying bets amount and the maximum is £10).

The good thing about the Betfred offer is that you can use this free bet for any market, not limited to Greyhound racing.

It will make it much easier to extract profit – see the later “Greyhound Betting Strategy – Caution & Tactics” section for detailed reasons.

Betting Exchange

As you see in the above process, the 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.

There are 4 established betting exchanges as below;

Betfair (see Betfair Alternatives)

Smarkets

Matchbook

BetDaq (Warning)

And, in case you are not familiar with the betting exchanges, the below 2 documents will be of good help;

How to make money on Betting Exchanges

4 Best Betting Exchange Sign-Up Offers with Cash Extraction Process

Anyhow, for those who have not opened a 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 a profit in the industry. Please click the “+” mark to open the instruction;

Australian & Germany Greyhound Matched Betting

In this guide, we use the UK bookmakers’ offers, but greyhound racing is also popular in other countries such as Australia and Germany, etc.

You can use matched betting in many countries with the following services; 

Just FYI.

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

Firstly, Never Ever Forget To Check T&C Carefully

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

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

I know reading T&C is a boring thing, but to avoid unpleasant surprises 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. T&C;

In order to lock in profit, you can use the Overlay Technique. You will find the step-by-step instruction in 3 Best Ways To Lock-In Profit on Bet365 Offers, where I use Bet365 Horse Racing 4/1 Offer that can apply to Greyhound Betting Strategy.

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 further detailed T&C on their Promotion Page;

In order to guarantee profit from this offer, you can use the Underlay Technique, in 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;

, there are a few regular Refund Offers of Finish 2nd to SP (Starting Price) Favorite or 2nd to the bookie’s Selected Trap like Boylesports;

This 2nd place refund is very popular in horse racing and there is a way to lock in profit. However, the above offers require an additional condition of 2nd to SP or Selected Trap which makes it impossible to guarantee the profit.

Therefore, suggest you use the standard matched betting process and if you are lucky you get a refund.

You may want to see the practical process of placing a qualifying bet in the 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, it is a value proposition. So try to choose the bookmaker that claims BOG;

Greyhound Betting Strategy – Caution & Tactics

1 thing you need to be aware of is that dog racing matched betting has never been an easy one.

Let me quote what I explained in How To Lock-In Profit on Back A Winner Offer by Overlay Betting – Coral & Betfair Case where I discussed specific instructions on How To Lock-In Profit from Horse Racing Back A Winner Offer.

I cautioned Greyhound Matched Betting as below;

Coral also constantly runs a similar offer for GreyhoundRacing ;

Actually, the T&C is identical to the Horse Offerexcept for the minimum odds. Greyhound requires a minimum of 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 a total of 16 races within 4 hours;

However, you will face a few issues.

Firstly, 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.

This means you have very limited time to compare with Betfair Lay Odds (you need to lay at Betfair because Smarket doesn’t have a Greyhound market).

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

This is even for Sky Televised Race; 

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

Then, Betfair Odds moves so quickly,

It’s very difficult & stressful to calculate the proper lay stake when odds change in flash and generally speaking the best lay odds come out only a few 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.

Greyhound Betting Strategy – Note About Late Odds

I used the 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 display at least 3-6 races odds in advance (but remember, the good lay odds at Betfair usually come out only a minute before the start);

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 is generally still limited, you have chances to locate the narrow odds well in advance. Just FYI.

Greyhound Matched Betting Strategy – Wrap Up

Firstly, given all the above issues, this is Not For Newbies. Unless you have a lot of matched betting experiences, suggest keeping 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 a minimum of 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 oddscome out, make a quick adjustmentin lay stake, and Place Bet AT BOOKMAKER FIRST. Never ever ignore the Basic Principle of matched betting. Don’t lay first, in case you fail to place a back bet, the loss could be pretty big because usually, the lay burden is heavy. Finally, place lay bet.
• Even if you place a bet at a bookmaker successfully, there is a chance you fail to lay means leaving uncovered at Betfair because the good lay odds come out a minute before the start. So, as a general principle, try to bet on Favorite so that even if you fail to lay, there is a large chance to simply win.
• Strongly suggest practising with a small stake such as £1 to see if you can manage it comfortably.

Greyhound Betting Strategy Alternative Method

Betfair Greyhound Strategy – Betfair Trading

In case you are a greyhound racing fan and want to trade not only the offered race but every day, you may want to use the CaanBerry Betfair Trading Proven System, which will give you Betfair Greyhound Strategy that really 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 final recap, allow me to share our principle a bit. Many people automatically think of Betting = Gambling. Big Misconception.

We do bet but don’t count on luck. Instead, we do 6 Advantage Plays based on mathematical edge to beat the bookies, casinos & bingo.

When it comes to Sports Betting, we use Matched Betting / Sports Arbitrage / Value Bets On Proven Tipsters to lock in a profit or consistently earn extra income for the 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 GambleAware being explained in about us.

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

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

Football is by far the most popular sport 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, the greyhound race, the same as horse racing, finish within a few minutes. Your winnings are usually credited to your account in less than 10-30 minutes (depending on the bookie) after each race.  

This gives you better cash flow, which 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-Greyhound Betting Strategy – How To Lock-In Profit Professionally.  

You need to develop a certain skill. Thus, allow me to reiterate, watch out for liquidity & volatility, and make practice (image training or with penny) well before you feel comfortable placing 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;

Essential Guide To Avoid Gubbing & Keep Beating The Bookies

21 Methods To Make Money From Restricted Betting Accounts

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 the long-term.

Hope this information will help you expand sure bet options.

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Should you have any inquiries or need any help from us, please contact us anytime (don’t worry, we will not charge you any fee, everything is free here).

Good Luck (I’ve found that luck is quite predictable. If you want more luck, take more chances. Be more active. and Show up more often. – Brian Tracy)!!

Joshua Walker (bio) 

Editor – Global Extra Money (GEM)