Racing & Pari-Mutuel
Greyhound racing betting
Greyhound racing betting is wagering on the outcome of greyhound races, typically through fixed-odds, parimutuel, or tote-style pools.
Key points
- In parimutuel betting, all stakes on a bet type are pooled; the house deducts its take before winnings are shared among winning bets.2
- Bookmaker betting pays returns based on the odds offered or the starting price at race start.4
- Wagering can be placed on-course, off-course, via simulcast, or through advance-deposit wagering.13
Where this term is used
Not the same as
- Live greyhound betting — a subset of greyhound racing betting placed while the race is already running
- Horse racing betting — the same wagering structure applied to horse races instead of greyhound races
- Greyhound racing cards — the schedule of races, not the betting activity on them
Related terms
Racing
Greyhound racing (UK)
Covers the history and current state of greyhound racing in the United Kingdom.
Racing
Tote betting
Explains the parimutuel pool system commonly used in greyhound racing.
Racing
Trifecta betting
Describes a bet that picks the first three finishers in exact order.
Racing
Each way betting
Covers a bet split into a win and a place part, common in racing.
Racing
Handicap horse racing
Explains how weights are assigned to equalise chances in horse racing.
Racing
Horse betting terms
Glossary of terms used in horse racing betting, many of which also apply to greyhounds.
Sources
- Greyhound racing en.wikipedia.org Provides the general definition of greyhound racing and the types of betting markets.
- Parimutuel betting en.wikipedia.org Explains the parimutuel betting system used in greyhound racing.
- Off-track betting en.wikipedia.org Describes off-track betting as a method for wagering on greyhound races.
- Starting price en.wikipedia.org Defines the starting price mechanism used in bookmaker betting.
- Definitions of terms gamblingcommission.gov.uk Confirms that greyhound racing betting falls under the Gambling Act 2005 in Great Britain.
- Betting sector guidance gamblingcommission.gov.uk Provides regulatory guidance on on-course bookmaker betting at greyhound tracks.
Sources are drawn from regulators, universities and published research, and each one is labelled with what it actually is — a preprint is not called a paper. Bookmaker and affiliate pages are never cited here, because a page that sells betting is not a neutral authority on it.