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Getting Started Wagering on Dog Racing by Claire Jarrett
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Getting Started Wagering on Dog Racing |
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Gambling
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Greyhound Racing is a lot of fun and can be even more enjoyable if you win some money. Of course in order to win, you need to understand a little bit about handicapping the races. This is simply a process in which you look at the past performances of the dogs to determine which ones have the best chance of winning. The tote board displays the current odds of each dog winning the race. But it is important to understand that the odds are determined by the total amount of money wagered on a particular dog versus the other dogs in the race. The more money bet, the lower the odds. So when you look at the odds on the tote board, keep in mind that you are looking at the aggregate opinion of all of the people who have wagered on the race. The more knowledge that you have relative to the masses of people betting on a race the more likely you will succeed. Many people wagering know nothing at all about dog racing and their money helps to create overlays in the betting. An overlay is when the odds on the tote board are much higher than the probability of the dog wining, at least in the estimation of the handicapper. For example, if you figure a horse's chances of winning are fifty percent, then his odds should be even. However, if the dog is listed at two to one, then that represents an overlay in the betting. This is the essence of handicapping all sports: getting a higher return than the probability of the outcome. Greyhound racing can be tricky to understand though, and it is much different than handicapping horse racing. In fact, people who have never handicapped a horse race often have an advantage over those who have. Much of the concepts in horse racing do not carry over to the handicapping of a dog race. One example is with the favorites is a race. With horse racing, the favorite will win about a third of the time, although the range can be from thirty to thirty-eight percent. With dog racing the favorite may only win as high as thirty percent. Often it can be as low as twenty-two or twenty-three percent. As with horse racing, early speed is a dominating factor with the greyhounds. However, class is more pronounced among the dogs and someone new to dog racing must learn the classification system and be able to determine the racing class of each dog. Dog tracks are also more localized and often a dog from another track will need a race or two in his new environment in order to run his best. The Sports Investor offers free horse racing tips and genuine horse racing information
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