Bulli greyhounds: Discover what is a win bet and how to place one


Posted June 23, 2023 by thedogsaustralia

Knowing about the different types of bets in greyhound betting can benefit punters. Understanding the nuances can also help them place the correct bets every time.

 
If you are entirely new to Bulli greyhound racing, starting with the industry's most simplistic and effortless bet types is natural. However, when it comes to racing events of greyhounds, you will find that traditional bets, commonly called straight bets, are the most effortless bets you can ever make. A win bet is a basic form of wager in racing. Also known as the "straight" or "single bet," the win bet is a proposition on a single horse to win the race outright.

The bet wins if the chosen greyhound finishes first place and loses on any other outcome. For example, the win bet pays if the selected greyhound crosses the finish line first. However, suppose the chosen greyhound ends in a different position; the bet loses, whether second place or twelfth. Win bets feature the longest odds and the best payouts of all straight bets, but win bets are also the most difficult consecutive bets to win.

How much do win or place bets cost?

A Win or Place bet costs $1 for one complete unit, i.e. 100% of the relevant dividend. A punter can take as many teams as they like, subject to the gambling agency being prepared to take on liability for the bet. The more units a punter takes, the more the bet will cost them. So for five teams, a punter would be required to outlay $5.

If you place a $5 Win bet on a horse, you will receive 500% of whatever betting product - i.e. Tote or Fixed Odds - selected for the wager.

Potential payoffs on win bets:

Win bets signify some of the best payouts in Bulli greyhound racing because the odds that anyone greyhound will win the race are relatively small. Even race favourites tend to have the odds of working against them due to competition and difficulty placing first.

Bettors only sometimes win with straight bets, but a single win can compensate for many lost bets. For example, a horse running at 30-1 would pay $3,100 on a $100 bet.
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Last Updated June 23, 2023