Greyhound Betting : How To Devise Your Strategy
Written By “Bad” Bill McBride, Greyhound Handicapping & Ratings Expert Contributor Wednesday 23rd September 2009
Let’s presume that you have your greyhound race ratings skills honed to as good as it can be done. (Remember – NOBODY can pick more than about one winner in three or four races!)
I suggest that you spend little more time in efforts to continue “fine-tuning” your skills at rating the races. Instead, you will do well to invest an adequate amount of time in improving your wagering skills. The best greyhound handicapper will lose money at the races until he knows how to make profitable bets.
Here’s how you do it: First, you keep records. If you are serious about wanting to make a profit, you know that you must rate all eight of the dogs in a race, one through eight, in terms of their probable capabilities. Then you keep track of how your selections fare. You do this in terms of making note of the race finish in the order that your selections finished in the money. (We are considering TRIFECTA wagering here – usually the most potentially profitable bet, at most tracks!)
If your fourth pick WON, your first pick PLACED, and your sixth selection came in THIRD, you would note this as a 4-1-6 finish.
If your first pick WON, your second pick PLACED, and your third pick came in third, that would be a 1-2-3. (Sorry – you won’t see this in one out a hundred races, and that is one of the things you will learn from this method!) Also make note of what each race paid.
Once you have at least about 30 of each class of race at a given track so recorded, you are ready to set up your winning system. This is called back-testing your bets, and if you don’t do it you’re in for some serious losses. For example, let’s look at a series of only 10 races, for the sake of an illustration. Suppose you recorded your experiences as finishes of : 1-5-4; 3-2-5; 2-5-3; 6-2-3; 8-1-4, (Oh yes – it happens!); 1-4-2; 5-3-1; 2-4-1; 4-6-3;
And 2-4-5. Looks pretty dismal for TRIFECTA wagering, eh? On this series of ten races, had you wagered TRIFECTA partial wheels of 123/12345/12345, ($36 for a $1 base), you would have cashed FIVE of your tickets! Had these five wins paid an average of, say, $150, you would have pocketed $750 for an outlay of $360.
Back testing a series of real or imaginary wagers like this can clearly prove to you which kinds of wagers would be profitable, or not. (For example a TRIFECTA wagering approach on the above example of 12/123/1234, ($8), would not have cashed a single ticket!) It’s way more fun to win – take the time to do this!