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Greyhound racing in America dates back to 1919 and is the sixth largest spectator sport with just over 40 greyhound racing tracks operated in 18 different states. As such, theres plenty of opportunities to bet on in American greyhound betting.
Florida is the leading state for Greyhound racing with more than 15 million people visiting the tracks. More than $2 billion is wagered each year on American greyhound betting.
Greyhound racing wagers in the US are refered to as ‘Pari-Mutuel’, which is French for "to wager against and amongst ourselves". American greyhound betting fans get to bet against each other as opposed to betting against the greyhound racing track or sportsbook.
Wagers of a similar type will be placed together in a pool with the payoff odds calculated or determined by sharing the pool amongst all the placed bets.
Pari-Mutuel betting is different from betting fixed odds betting in the sense that the final payout is only determined after betting into the pool has been closed.
American greyhound betting options tend to vary from track to track but the most common are:
This is the most basic and common bet in American grehound betting. Betting is on the winner at the given odds with payouts being made only if the selected greyhound is first across the finish line.
Your selected greyhound should finish either first or second for there to be a payout.
Also very popular in American greyhound betting, wagering is on a selected greyhound to finish first, second or third.
This involves three individual bets on one dog to Win, Place, and Show. What this means is that if the greyhound you select wins, you get to collect on all 3 bets., which makes it a very attractive American greyhound betting option.
This type of bet covers from 2 to 4 greyhounds to win in a chosen order. It is a high risk bet but the payout can be quite good. An example of a combination bet is a superfecta.
With this bet, you have to select the greyhounds that you think will win the first and second races on that day. However, your bet should be made before the start of the first race for it to be eligible.
A jackpot prize, which varies from track to track, will be shared by bettors who select six winners in six races.
You get to collect if you can select the winners of three consecutive races.
Probably the highest risk bet in American greyhound betting. To collect, you have to select the winners of six consecutive races.
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