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GREYHOUNDS SPREAD BETTING

Greyhounds spread betting is a way of betting on a 'spread' or prediction of outcomes to happen in a race.

Step 1: Choose a spread market on a race or meeting. E.g. the 'spread' on Multitraps may be 120-124.
Step 2: Decide if you think the final outcome will be higher or lower than the spread.
Step 3: If higher (e.g. more than 124) you would buy. If lower (fewer than 120) you would sell.
Step 4: Your profit or loss depends on the difference between your buy or sell level and the final outcome, multiplied by your stake.

See more in our short video on greyhounds spread betting.

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GREYHOUNDS SPREAD BETS EXPLAINED

From Racecard prices to Traps markets to individual race spreads, Spreadex can teach an old dog some new betting tricks. Find out more via the links below.

Greyhounds spread betting training

Greyhounds spread betting 'buy' example

Greyhounds spread betting 'sell' example

Greyhounds Racecard spread bets

Greyhounds Traps spread bets

Greyhounds Race Index spread bets

HOW TO PLACE A GREYHOUNDS SPREAD BET

To place a greyhounds spread bet, look at the Spreadex prediction or spread on the market in question.

If you think the outcome will be higher than our price, then you would buy on the spread.

If you think the outcome will be lower than our price, then you would sell on the spread.

The more right you are the more you can win, but the opposite is the case if you get it wrong, as you may lose more than your initial stake.

TRAINING ON HOW TO PLACE A greyhounds SPREAD BET

Try our interactive widget below for examples of how greyhounds spread betting works for a theoretical £10 bet on different markets.

Alternatively, read on for more examples explaining how to place a greyhounds spread bet.

The widget shows in more detail how spread betting markets can differ in volatility. For example, the range of the outcomes for a Bananas or Multitraps spread bet are greater than for Race Index or Favourites. Therefore, it is important to choose a stake level you are comfortable with for different markets.

Try using the widget for different greyhounds markets to see how potential profit and loss levels can vary. This will help you practice greyhounds spread betting and give you an idea of how the markets work before you try for real yourself.

GREYHOUNDS SPREAD BETTING ‘BUY’ EXAMPLE

It’s race night at Romford and you fancy a wager on a specific trap, so take a look at Spreadex’s Trap Performance spread betting market. That’s where the performance of a specific trap is aggregated across a meeting, with 15 points per 1st place finish, and 5 points for 2nd, with a vacant trap or void race also worth 5 points.

Spreadex is offering a Trap 1 Performance spread of 39-42. You choose to buy £5 at 42. Trap 1 ends up seeing 4 winners and 3 runners-up, producing a Trap Performance make-up of 75 ((4 x 15) + (3 x 5)). That leaves you with a profit of £165 ((75 – 42) x £5).

Say instead Trap 1 produces only 3 winners, and nothing else. You would still end up with a profit of £15 ((45 – 42) x £5).

However, if Trap 1 only manages a pair of 2nd place finishes across the entire meeting, you would be left with a loss of £160 ((10 – 42) x £5).

GREYHOUNDS SPREAD BETTING ‘SELL’ EXAMPLE

Ahead of an evening’s racing at Belle Vue, you take a look at Spreadex’s Trap Performance spread betting market, and think Trap 2 looks overpriced.

Spreadex is offering a Trap 2 Performance spread of 50-53, so you decide to sell £5 at 50. It ends up not being Trap 2’s night, producing a solitary 2nd place finish and 5 points for a vacant trap. That leaves you with a profit of £200 ((50 – 10) x £5).

Even if Trap 2 produces, for example, 3 winners, you would still end up with a profit of £25 ((50 – 45) x £5).

However, if you called it wrong, and Trap 2 sees 4 winners and 3 runners-up, you would incur a loss of £125 ((50 – 75) x £5).

GREYHOUNDS RACECARD BETS

These spreads cover an entire meeting, not just an individual race. These include:

Multitraps: This is the aggregate of a race winner’s trap number multiplied by the runner-up’s trap number for each race at a meeting.

Favourites: The aggregate performance of dogs sent off as favourite for the whole racecard, where 1st is worth 15 points and 2nd is worth 5.

Starting Prices: The aggregate of the fixed odds starting prices of the winning dogs at a named meeting, with a maximum make-up of 50 per race.

GREYHOUNDS TRAPS BETS

Alongside Multitraps, Spreadex also offer Trap Performance and Trap Challenges over an entire meeting.

Trap Performances: The performance of a given trap number over a meeting, where 15 points are awarded for each 1st place finish, and 5 points per 2nd place finish. In the event of a vacant trap or void race, 5 points are awarded.

Trap Challenges: This is a prediction of which trap will have the most winners for the meeting, where 1st place receives 50 points, 2nd place 25 points, 3rd place 10 and all others 0.

GREYHOUNDS RACE INDEX BETS

This is betting on the outcome of an individual race.

A winning dog would be awarded 50 points, the runner-up 25 points and 3rd place 10.

For example, Spreadex are offering Dog A at a Race Index spread of 12-15. If you think Dog A will win the race, or even come in the top 2, you would buy at 15. If you think it will come outside the top 2, you would sell at 12.

If Dog A were then to win the race, and you had bought at that price, you would win 35 times your initial stake (50 – 15 = 35). If Dog A came in 2nd place, you would still win 10 times your initial stake (25 – 10 = 15). If Dog A came in 3rd place, however, you would lose 5 times your initial stake (15 – 10 = 5). And if Dog A finished outside the top 3, you would lose 15 times your initial stake (15 – 0 = 15).