Greyhound racing

GREYHOUND RACING

• Is an organized, competitive industry in which greyhound dogs are raced around a track.

• The dogs chase a lure (traditionally an artificial ‘hare’ or ‘rabbit’) on a track until the greyhound cross the finish line.

• As with horse racing, greyhound races often allow the public to wager on the outcome.

GREYHOUND RACING

START PRICE “SP” This happen when there are no prices available on

a particular race (the bookmakers have not created odds for the race).

Or if a customer does not want to take a price when betting he can request a starting price bet. With this, the customer does not know the price he/she will get. Instead they will be given the industry price, which is given a minute or 2 after the official result is known.

Customers can bet any race in advance by placing an SP bet. This is known locally as the dividend.

The race track will declare a dividend after the race is declared which is the same as local horse racing. The units are paid to 1.0

This will now be available in LVS

betting platform

START PRICE “SP”

You may check for the race result on www.racingpost.com or WeLoveSports touch for Start Price “SP” of Singles, Forecast & Tricast

http://www.racingpost.com/





PRICE / ODDS

The price (Odds) of the greyhound will normally not be available until between 3 minutes – 5 minutes before the race start time.

This is the multiplier to the stake amount

WIN BET Considered a straight up bet. A customer places single stake and if his/her selection wins so do they.. If bettor placed bet on trap#3 and trap#3 wins, the bettor wins.

Minimum bet Php50

EACH WAY BET “EW” This is different from Place Market. Each way bet has 2 bets placed at the

same time.

2 bets are: WIN bet and PLACE bet (Greyhound has to finish in the top 2 for a return).

If the dog finish 1st then the bettor get both the WIN and PLACE bet. On the other hand if the dog finish 2nd or place, the bettor gets the PLACE bet and lose the WIN bet.

Since this is 2 bets, minimum stake per bet is Php25. Thus, a total of Php50 for 2bets to meet our GH minimum stake of Php50

To calculate the odds of the greyhound for a PLACE return, it is always @ ¼ of the odds.

To calculate the PLACE PRICE always use this formula: Price – 1.0(given)= Greyhound Odds. Greyhound odds divided by 4 plus 1.0 = place price.

Ex. 5.0 is the win price: 5.0-1.0=4.0/4+1=2

STRAIGHT FORECAST

This is to predict the winner and the second of the race.

Minimum stake is Php50

REVERSED FORECAST This is where a customer picks 2 dogs, and as long as they

finish in the top 2 in any order the customer wins

Ex. 3 and 4 or 4 and 3


COMBINATION FORECAST

This is where a customer can select more than 2 dogs to finish first and second in any order.

Ex. Customer picks trap 1, 3 and 5. His combinations of a winning bet would be any of the following 1 and 3, 3 and 1, 1 and 5, 5 and 1, 3 and 5, 5 and 3. So in others words if any of customers selections finish first and second they win.

To calculate the no. of bets within each combination you do the following. Multiply the no. of dogs the customer has picked by the next lowest number.

3 Selections 3 * 2 = 6 bets




For the customer to win, any of his selections must finish 1st and 2nd.

Combination bets shall total to Php50 stake

STRAIGHT TRICAST

This is where the customer predicts who will come 1st, 2nd and 3rd in a race in the CORRECT ORDER he/she chose.

Ex. customer pick dog in trap 1, 3 and 5..this should win in order as 1st , 2nd and 3rd place in order to get return


COMBINATION TRICAST

This is where the customer predicts who will come 1st, 2nd and 3rd in a race in ANY ORDER he/she chose. To calculate how many bets are within certain combinations you simply apply the following formulae. Times the amount of dogs the customer has placed by the next 2 lowest numbers.

Example: 3 Dog Combination Forecast, 3 ( # of dogs selected) * 2 * 1 = 6 There are 6 bets

4 Dog Combination Forecast, 4 * 3 * 2 = 24 bets



*For the customer to win, any of his selections must finish 1st 2nd and 3rd in

any order.

Combination tricast bets shall total Php50 stake

LUCKY 15 Well this is a type of a Full Coverage bet because it covers all possible combinations of

multiple bets from four selections. There are different types of multiple bets, all with different names, but the Lucky 15 option is a very popular one, particularly in horse racing. There are two different types of Full Cover Bets, ones which do not include singles and ones which do. A Lucky 15 does include all Four single bets as well.

A Lucky 15 consists of 15 bets involving 4 selections in different events. Customer can mix up sports or just choose from different GH races.

IMPORTANT: If customer mix it up with other sports the minimum stake is Php100.

IMPORTANT: If the 4 selections are all GH of different races, the minimum stake is Php50.

Only 1 selection needed to win to get a return

you are making fifteen separate bets within a Lucky 15 bet, hence the name! Firstly because this is built from four separate selections, you have 4 Single Bets. Along with that, from those four selections you can also make a combination of 6 Double Bets. To finish out, there are a combination of 4 Treble Bets and one Fourfold Accumulator as well, adding up to fifteen bets in total.

It can consist of the ff. but different races: Win/Singles; Each Way (All selections must be Each Way)

LUCKY 31 A Lucky 31 consists of 31 bets involving 5 selections in different events.

Customer can mix up sports or just choose from different GH races.

Only 1 selection needed to win to get a return

you are making 31 separate bets within a Lucky 31 bet, hence the name! Firstly because this is built from five separate selections, you have 5 Single Bets. Along with that, from those five selections you can also make a combination of 10 Double Bets. To finish out, there are a combination of 10 Treble Bets and 5 Four fold and 1 five fold Accumulator as well, adding up to 31 bets in total.




LUCKY 63 A Lucky 63 consists of 63 bets involving 6 selections in different events.

Customer can mix up sports or just choose from different GH races.

Only 1 selection needed to win to get a return.

You are making 63 separate bets within a Lucky 63 bet, hence the name! Firstly because this is built from six separate selections, you have 6 Single Bets. Along with that, from those six selections you can also make a combination of 15 Double Bets. To finish out, there are a combination of 20 Treble Bets and 15 Fourfold and 6 five folds and 1 six fold Accumulator as well, adding up to 31 bets in total.




DAILY DOUBLES

Pick 3: The bettor aims to correctly pick the first 3 finishers in the race irrespective of the order.





PICK 3..4..5..6..7

SETTLEMENT RULES

• Markets will be settled on the first official result from the track, regardless of subsequent amendments to the result. When a non-runner or Reserve is declared the following will apply. If it is declared <40 minutes before the scheduled off time: market will be void and a new market will be set up. If it is declared >40 minutes before the scheduled off time; reserve or non-runner will be entered and the market will stay active.

• If no runners finish a race or a race is declared void then all bets will be void.

SETTLEMENT RULES • If the venue is changed after a market has been opened all

bets will be void.

• In ante-post markets, all bets on individual greyhounds stand whether the greyhound runs or not.

• All ante-post bets will be void if the competition is abandoned or the venue is changed.

• Ante Post If a race is postponed or rescheduled, but run at the same venue on another day, all ante-post bets will stand provided the entries are not re-opened.

SETTLEMENT RULES

• Ante Post If MSW becomes aware that a greyhound listed in an ante-post market has died, the market will be suspended while we determine the accuracy of the information and the time of the greyhound's death. Once this has been confirmed, the selection will be removed from the market and, if appropriate, void all bets placed on the market from midnight on the date of death.

Greyhound racing

Sports

Transcript of Greyhound racing