Closer Look at Greyhound Racing Betting: Understanding the Industry

Greyhounds were first used for sport in Australia in the 1860s, and reports of “hare racing” date back to 1927. From humble beginnings, greyhound racing has grown substantially and is a race in every state of Australia.

There are over 60 tracks in operation, and bet on greyhound racing is one of Australia’s favourite pastimes, with race meetings every day except Christmas. In their races, greyhounds can achieve speeds of up to 60 km/h, earning the nickname “the fastest sport on legs.” 

Understanding the Different Types of Greyhound Racing Bets and How They Work

There are a variety of bet types available on greyhound racing, with the most popular ones listed below: 


This is the simplest form of betting. You do the form, pick out a dog and place a bet on them. If they win, so do you! 


Similar to a winning bet but with more options to win. In races of 8 starters, place bets are paid out on the top 3 placings, while fields of 7 or fewer payout on the first two past the post. The payouts aren’t as large as winning bets, but the frequency of payouts is greater.  


This bet depends on who will finish in the top 2 of a particular race in any order. Payout figures are more significant than a winning bet, as finding the top 2 finishers in a race is more complicated.

Multi Bets

With so many greyhound races daily, there are opportunities to place “multis”. Bettors choose greyhounds to win in multiple daily races, with the odds multiplying with every win. This provides an opportunity for a substantial collection for a small outlay.

How to Analyse Form and Statistics to Improve Your Greyhound Racing Bets

Countless variables come into every greyhound race. However, when assessing a greyhound’s chances in an upcoming race, the following form factors are crucial: 


Dogs that are fast can get clear running early in races and enjoy a great deal of success.

Box Draw

Dogs are drawn closer to the rails and have good speed can get off to a great start and sight the lure earlier than those drawn to the outside. A dog’s statistical information will provide a clear indication as to whether their box draws favours them. 


A greyhound with lots of recent racing should be fit and respected. 


Winning form is good form!

The Role of Technology in the Greyhound Racing Betting Industry

Technology has dramatically impacted greyhound racing. Online betting and televised races make betting and watching greyhound racing accessible. With a race lasting around 30 seconds, each is over quickly and is action-packed, providing excitement for novice bettors and great opportunities to profit. 

The Future of Greyhound Racing Betting and Its Impact on the Industry

The future is bright for greyhound racing in Australia. With race meetings in the morning, afternoon and evening every day of the week, greyhound racing is going from strength to strength. With roughly 20 minutes between races, meetings can be run quickly, and greyhounds can compete on multiple occasions every week. 

There is no doubt that greyhound racing has surged in popularity during the online betting boom. provides free greyhound racing predictions and updated greyhound racing betting odds, breaking news and information on various upcoming events.  

Palmerbet is your one-stop for all your Group 1 greyhound tips and previews. Visit the website at or download the Palmerbet app via the app store.

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