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Beginning in the early 19th century, horses as well as dogs were used for racing and betting purposes. For dog races, a circular track of about 480 meters in length is needed, although this number varies with regards to the size of the contestants, so smaller dogs may also race shorter tracks. The dogs, usually Greyhounds, are required to complete the distance as fast as possible. Especially due to the increasing popularity of horse racing, sports betting for dog races has become a highly popular activity with extensive betting options.
Also referred to as straight bet or win bet, this conventional sports betting method is the most simple and propably even risk free option with regards to dog racing. Here, bettors wager on the winner of a race. Yet, a variety of sub categories have evolved from here:
→ Daily Double: As the name implies already, this type of bet is made up of a combination of two separate bets on the potential winner of two races that take place the same day. It is important to place the selection for both races before the first race has started. Only this way will they be regarded as a Daily Double and not as two separate bets.
→ Pick 3 to Pick 6: Basically an evolution of the Daily Double. Here, bettors can select between three to six different winners of the respective races which take place on the same day. So for a pick 3, the bettor must name three potential winners of three different races, for a pick 4 four potential winners and so on. The Pick 6 variant is also known as Jackpot.
With this type of bet, various options are available. However, generally it's all about predicting the exact place that a dog will come in on at the end of the race.
→ First or Second (= Place): Here, the chosen contestant must not necessarily win the race, because a second place also qualifies for a payout.
→ Win and Place (= Eachway): This type of bet is best suited if the bettor is not entirely convinced that the selected dog will definitely win the race. Also, if the odds available for the selection are very tempting, this type of bet may be a decent alternative.
The Eachway bet is made up of a selection of the winner of a race and an additional selection of the exact placement of the dog. If the dog wins the race, then both parts of the bet are covered. If the dog doesn't win but comes in second, then only the placement wager will qualify for a payout. However, this type of bet requires the bettor to place two wagers and the payout is divided equally on behalf of each wager. Thus, one half of the wager is placed on the winning selection and the other half of the wager on the placement selection.
→ Show: This variety is all about the first three ranks. Bettors can opt for a contestant to achieve the first, second or third place of a racing contest.
→ Across the Board: This is a combination of win, place and show, as three selections are placed on the same contestant. If the contestant wins the race, all three parts of the bet are successful. If the dog comes in second, then the place and the show part are successful. If the contestant finishes in third place, only the show bet will qualify for payout.
Here bettors don't wager on the position of a single contestant but rather on the line up of several dogs in a race.
→ Forecast: Usually bookmakers offer tempting odds for this type of bet, as players are required to predict the exact line up of the first and second place for a racing contest.
→ Trifecta / Tricast / Treble Forecast (UK): A variety of the forecast bet, where the first three places are to be predicted by the bettor.
→ Superfecta: Here bettors must predict the first four places of the line up.→ Quiniela / Reverse Forecast (UK): This variety originates from Great Britain and requires a selection of the first two places in a race. However, this type of bet allows for a payout even if the selection doesn't turn out exactly as predicted, as long as the selected dogs come in first and second in the contest.
Dog racing contests come with a specialty regarding the fixture of odds. It may happen that bookmakers don't provide a fixed set of odds for certain competitions, which is also known as Oddset lines.
Sometimes, certain betting opportunities may contain an additional notation, mostly „SP“, which stands for starting price. If this is the case, then the bookmaker creates a pool of all the wagers for this bet. After subtracting the commission, the net margin of the bet is then divided between all participants who qualified for a payout because of a correct prediction (also known as toto payout)
In general, winner bets as well as place bets are the most popular types of sports betting options when it comes to dog racing. This is also resembled in the portfolios of the bookmakers, especially those of British origin. Because of the huge popularity of dog racing sportsbooks, many bookmakers also offer virtual races here as well.