Greyhound Racing can provide you with some great punting entertainment. A lot of the time though the short priced runners win meaning that you have to have a very good strike rate to actually show a profit long term.
I personally like greyhound racing for the fact that you only ever have 8 runners in a race here in Australia anyway, compared with horse racing where you can have 24 runners in a field. This is why the odds are not as good though and also the fact that the win pools are generally a lot smaller than horse racing win pools. There are some ways to get better odds though and improve your strike rate.
I like to stick to a method or system that has a good amount of winners. I usually won’t use a system that has less than a 30% win rate as this means I have to obtain prices better than 5/1 to actually make any decent profits. You will notice that a lot of greyhound racing results will show winners at 2/1 to around 4/1. When you are betting on greyhounds at these odds you will want a strike rate of around 60% plus to make good profits. The great thing about Greyhound Racing is that if you have a good selection method you can actually achieve these strike rates given that there are only 8 greyhounds in a race.
Here are a few tips for increasing your strike rate.
Stay away from maiden races. These greyhounds are just too inexperienced and are very hard to predict the outcome of these races especially when half the field has no prior form to work off.
It is also very important to look at win strike rate and place strike rates when betting on greyhounds. If a greyhound doesn’t have a very good win strike rate but a great place strike rate then maybe it is better off backing the greyhound for the place. Places don’t pay as much but it is better than missing out on a return dividend altogether if you aren’t 100% comfortable in thinking the greyhound can actually win the race.
Greyhounds from Box 5. Whenever I see a greyhound from this box I like to see if it has a history of running from this box and how it has performed in the past. Ask any greyhound punter about the dreaded Box 5 and they will tell you that they don’t like to bet on it. If a greyhound has excellent early pace however, this box can be no problem and still provide you with a winning result. Of course Box 1 is the box to have if the greyhound you are betting on is a railer and box 8 is the best one to have if you greyhound likes to run wide.