Betting on greyhound racing is a junction in the world of betting. Earlier people used to bet on horseracing and sports. However, Greyhound racing has now become very popular among people. Nonetheless, people like placing bets on betting exchange Greyhound racing, several people still have confusion in their mind about some aspects of betting on Greyhound racing. The confusion in the minds of the people is about the calculation of the odds and prediction of the winner. If you too love betting on Greyhound racing on betting exchange, but are unable to make profits, then you need to understand how the entire process of payout works and you also need to know the winning techniques.
Calculation of Payouts:
The following example may help you understand how the calculation of a payout takes place in a betting exchange. For instance, £5600 is the total betting amount on all the Greyhounds in a race. The betting exchange deducts a small percentage from the total amount of the betting money. The percentage taken by betting exchanges varies among organizations. Consider that betting exchanges take 5% of the total betting money. This means that the remaining money in the pool is £5320 (5% of 5600 is 280).
If Greyhound numbered 5 wins the race, there is a division of the winning pool between punters, who placed their bets on the winner. If 100 punters placed their bets on the winning Greyhound on betting exchange then the payout becomes £53.20.
Mentioned below are some of the winning tips that may help you in generating profit through Greyhound racing on betting exchange:
1. Read the Form Guide: It is one of the main weapons to win in Greyhound racing. It contains all the vital information on the greyhound’s recent performances, form, and previous performance report. Thus, it is important that you read the form guide before placing bets.