The greyhounds betting market is very similar to horserace betting. Since the nature of these two events is highly similar, the betting opportunities you can enjoy are also quite similar. There are several common types of bets you can place if you are betting on greyhounds.

Win only bet is the standard form of greyhound betting opportunity. You simply wager on the fastest greyhound you think will win the race. If the greyhound you choose finish first in the race, you will win a certain amount of payout based on the stated odds.

You can also make a place bet. Betting on a greyhound to place means you are expecting the greyhound to finish first or second. If the greyhound finishes third or more, you lose the bet and the original wager.

Forecast and reversed forecast are also very popular among those who love to bet on greyhounds. Forecast means betting on the greyhounds that will finish first and second accordingly; forecast bet is order-sensitive, so you need to predict correctly which greyhound will finish first and second.

Reverse forecast, on the other hand, is not order-sensitive. You simply need to pick two greyhounds that you think will finish first and second regardless of the order they finish.

Let’s not forget that there are also specialty bets offered based on the track where the race is held. Tracks often issue special jackpots that you can win by wagering on different unique things including the outcomes of several greyhound races accurately.