Greyhound Betting Strategy – How To Lock-In Profit Professionally
Estimated Reading Time: 19 minutes
How Much Did You Lose in Dog Racing? You May Want To Consider Greyhound Betting Strategy Using Simple Matched Betting Method To Lock-In Profit!!
You Must Be Aware that Many Bookmakers Offer Greyhound 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, many people automatically think Betting = Gambling. Big Misconception. We do bet but don’t count on luck. Instead, we do
- 1. What Is The Offer Related to Greyhound Betting Strategy?
- 2. Greyhound Betting Strategy – How To Lock-In Profit
- 3. Greyhound Betting Strategy – Instructions On A Few Different Type Of Offers
- 4. Greyhound Betting Strategy – Caution & Tactics
- 5. Greyhound Betting Strategy – Conclusion
What Is The Offer 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
Betsid – Sunday Bet 3 x £10 Get £10 Free Bet
Coral – £20 in Free Bets Sky Dogs
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!
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;
Simple Matched Betting For Greyhound Racing
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 You Should Know Before Staking Any Real Money will be of your help. But just briefly, matched betting is
- 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.
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 Offers, 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;
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;
However, bookmakers don’t offer Free Bets on every races but only the selected races with specific requirement as below Paddy Power Offer;
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;
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;
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;
Mint Bet Claim is exactly the same;
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 – 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 Greyhound Racing ;
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;
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).
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.
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 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);
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.
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 blue colour. 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 odds comes out, make a quick adjustment in 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 – Conclusion
Having said, the 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.
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.
Hope these information will help you expand sure bet options.
If you have any inquiry or need any help from us, please contact us anytime (don’t worry, we will not charge you any fee, everything is free here).