If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting! Late money is why the payoff you get isn’t always the payoff you think you’re going to get when you cash a ticket at the greyhound track. You put down a bet on a dog that’s at 3-1. It wins. You look up at the board before you go to cash your ticket and are surprised to see that it’s now at 9-5. What happened? Well, the late money jumped on the dog and bet it down to where you’re not going to get as much as you thought you’d get. Of course, a winning ticket is still a nice thing, but what if you bet more than you get back? If you boxed the dog with another dog in a quiniela and its low odds brought down the odds on the quiniela, you could actually win and still lose money on the race. So, should you wait until the absolute last minute before you make your bets so that the late money won’t lower the price after you make your bet? No. You should bet dogs that you think are contenders at odds that make sense. There’s not a lot you can do about the effect late money has on the payoffs. However, if you notice that the odds on a dog are lower than they should be, you might want to wait until you see if the odds are going to get really low as all the “me-too” bettors jump on it. This is especially likely to happen in a race where there are no real standouts, but gradually one dog’s odds get lower and lower than all of the other dogs’ odds. People in crowds tend to follow the leaders. If the leaders like a dog in a race where most people don’t know who to like, watch for it to become a bigger favorite than it deserves to be. Bet accordingly and expect that the late money will very likely bet it down to nothing.  |
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June 15, 2009
Is Late Money A Factor In Greyhound Handicapping?
June 9, 2009
Greyhound Handicapping: Betting Terms Explained
Greyhound handicapping has its own terms. For newcomers, betting terms can seem like a foreign language. Here are some betting terms and their definitions to help you at the dog track. Bets: Win (1st place), Place (2nd place) and Show (3rd place) bets usually start at $2. Win bets pay only if your dog crosses the finish line first.Place bets pay if your dog comes in 1st or 2nd. Show bets pay if your dog comes in 1st, 2nd or 3rd. Quinielas (quinellas and other spellings). This is a bet on which two dogs will come in first and second in either order. The base bet is usually $2, but some tracks have $1 quiniela bets that pay half of the $2 quiniela. Exactas. While not as common at dog tracks as they are at horse tracks, exactas can be found on some programs. Unlike with quinielas, to hit the exacta, you have to bet the first two dogs to cross the finish line in exact order. Trifectas. If you pick the first three dogs to cross the finish line, you win the trifecta. If you play a straight trifecta, you must have the three dogs in the exact order of finish. If you box a trifecta, you win as long as those three dogs cross the finish line before the other dogs. Daily Double. Pick the winner of the 1st race with the winner of the second race to hit this popular bet. It almost always appears on the first two races of a card, but may show up on two of the later races also. The base bet is usually $2. There are several other exotic bets including several where you have to pick the winners of several races. The Pick-3, Pick-6 and so on are very hard to hit, so they pay much more than quinielas and trifectas. There are also different ways to play Quinielas and Trifectas. You can “box” them so that you win no matter which order they come in. You can wheel a dog that you think is going to win with two or more dogs in quiniela and trifecta bets. Of course, the more dogs you add to your bet, the more the bet costs and the bigger the payoff has to be for you to make a profit on that race. Bet accordingly. ![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_b.png?x-id=321028c3-ddaf-460b-994e-6d1a6a71fe10) |
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June 8, 2009
#1 Reason Why Early Money Is A Greyhound Handicapping Factor
I first heard about “early money” at Twin River Greyhound Track in RI. A friend I was sitting with suddenly jumped up and said, “I have to make a bet. Look at the early money on that 5 dog.” I was clueless, but I knew he won a lot, so I went and bet the 5 dog to win for $2. Well, by golly if the 5 dog didn’t win by a few lengths and it paid $12 for a $1 bet, so I made $26. When my friend came back I asked him about this “early money” business and why it made him think the dog would come in. He told me that early money is smart money and then he told me why. The people who handle the dogs are busy between races, except for a short time right after one race has just finished and the next race hasn’t started. Most of them bet, so if they realize that a dog looks good, they have to run up to the window, get their bet down, and get back to the weigh-in room or the dogs they’re handling. So, the first money that gets bet, right after the odds go up for the first time on a race, is early money – a lot of it from track insiders. Not always, but a lot of the time, they know more than the fans know. So I started paying attention to the early money and I developed a way of telling whether I should let it influence my bets. You can do it too. When the odds first come up on a race, write down the odds very quickly. They don’t stay up for long before other people start betting and the odds change. It’s usually only a minute or so. After you have them all written down, compare them to the morning line, which is usually written beside the dog’s name in the program. If you see a dog whose early money odds are a lot shorter than the morning line – like a dog whose morning line is 10-1 and the early money has him at 2-1 – take a good look at that dog. If the odds go up on the dog, consider putting it into a box or key bet with other dogs you like. You’ll be surprised how often the early money IS the smart money. If you bet what they bet, you’ll be the smart money too, as long as you don’t depend completely on it. Use good judgment and money management and your own best handicapping system along with the early money to win at the dog track. The Sifter System is more than just a greyhound handicapping system. More than a visual aid. It reveals program secrets that you’ve never noticed before. See why Sifter System users are saying that they don’t know how they ever handicapped without it. Make a fast friend. Adopt a retired racing greyhound |
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