GreyhoundWager.net

Greyhound Wager

Winning a greyhound wager requires skill. The challenge is to analyze as much information a greyhound and weigh the probabilities of how the greyhound would finish the race - whether first, second or third.

While luck may, at times, go against you, losses balance out in the long run. Being a consistent winner in greyhound wagering is not entirely about luck. It's about the bettor's willingness to invest the time and effort to become knowledgeable about the greyhounds he wants to wager on, whether he can weigh all the factors in a cool, objective manner, and whether he adopts a consistent disciplined approach to greyhound wagering.

Greyhound racing patrons do not wager against the greyhound track, but against fellow patrons. This system of wagering is called pari-mutuel wagering, from the French language "pari mutual" meaning mutual betting or betting among ourselves.

Pari-mutuel is a wagering system in which all wagers of a particular type are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.

The pari-mutuel system is also used in gambling on horse racing, jai alai and other sporting events of relatively short duration in which participants finish in a ranked order.

Pari-mutuel wagering is frequently state-regulated, and offered in many places where gambling is otherwise illegal. Pari-mutuel gambling is often also offered at "off track" facilities, where players may bet on greyhound races without actually being present at the greyhound racing track.

Pari-mutuel wagering differs from fixed odds betting in that the final payout is not determined until the pool is closed - in fixed odds betting, the payout is agreed at the time the bet is sold.

It's a sure bet that placing a wager adds to the fun and excitement of your day at the greyhound races. There is simply no greater exhilaration than betting on a greyhound and then cheering it to victory!