Greyhound racing on the exchange: six traps, thirty seconds, and a market that fills late

Overview

Greyhound racing is the quickest cycle on any exchange: a market opens, fills with money in the final minute or two, suspends at the traps and settles about thirty seconds later. There are usually six runners, numbered by trap, so the Win market is small and easy to read, but the money arrives late and the race is far too short for most in-running betting.

A greyhound race market lists the runners by trap number, one to six on most tracks, each with a back price and a lay price. Because the field is small, the implied chances are easy to add up and a single favourite often sits near 2.0. There is a Place market on most meetings, paying the first two, and sometimes a forecast market on the first two home in order.

What makes greyhounds different is timing. Meetings run races every ten or fifteen minutes through an afternoon or evening, and most of the money in each race arrives in the last sixty seconds before the traps open. A price seen five minutes before the off may be one unmatched offer; the real market exists only briefly. Once the traps open, the race lasts around thirty seconds, so in-running betting is either not offered at all or lasts a few seconds.

Trap draw, early pace and the track's bends are the things the market prices. Because so many races run every day, the sport attracts people who bet by habit and routine rather than by study; that is exactly where limits and a clear stake plan matter most. winzap.vip lists Greyhound on its exchange menu at the time of writing.

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Main markets

Win: which dog wins. Place: first two home. Forecast on some exchanges

Runners

Usually six, identified by trap number and colour

Timing

Markets fill in the final minute; the race lasts about 30 seconds; a new race every 10 to 15 minutes at a meeting

Non-runners

A withdrawn dog triggers a reduction factor on the matched bets of the others and usually cancels unmatched bets, as in horse racing

Where it is offered

winzap.vip lists Greyhound on its exchange menu at the time of writing

Reading a Greyhounds market in practice

Before the race

1. 1Open the Win market well before the off and notice how little is matched. Do not treat an early price as the market; it is one person's offer.
2. 2Read the place terms (usually the first two in a six-dog race) and the forecast rules if you use them.
3. 3Decide your stake before the minute of activity. The market moves quickly in the last sixty seconds and it is easy to bet in a hurry.

At the traps and after

1. 1The market suspends as the traps open. If in-running is offered it lasts seconds; most people should ignore it entirely.
2. 2The race is over in about thirty seconds. The market settles on the official result, including any stewards' decision.
3. 3The next race's market is already filling. The speed of the cycle is the biggest risk in greyhound betting: it is easy to bet every race without meaning to.

The markets

Which of these markets exist, and whether a race is offered in-running, is decided by each exchange. The examples are made up to show the shape of a price, not real quotes.

Tips for reading it sensibly

Common myths

Words you will see

Trap

The numbered starting box a greyhound runs from. Runners are usually named by trap number.

Forecast

A market on the first two home in the correct order.

Reverse forecast

A market on the first two home in either order.

Early pace

A dog's speed out of the traps and to the first bend; a big factor in short races.

Reduction factor

The published percentage by which matched bets on the remaining runners are reduced when a dog is withdrawn.

Greyhounds FAQ