A combination bet in greyhound betting is a type of wager that involves selecting two or more greyhounds to finish in the top two, three, or four places in any order. It differs from straight bets where you choose one greyhound to win, and it offers increased chances of winning albeit with complex odds calculation.
Understanding the Combination Bet
A combination bet is built to offer a good balance between risk and reward. It increases your chances of achieving a return from your betting activity by spreading the risk across multiple selections, but it can be more complicated to understand than a simple straight win bet.
To place a combination bet, you need to choose two or more greyhounds. The bet will then consists of all possible doubles, trebles, and accumulative bets up to the number of selections. For example, if you pick three greyhounds, your combination bet comprises of three doubles and one treble. If any two of your greyhounds finish in the top positions, you’ll win something.
Calculation of Combination Bet Odds
The odds for a combination bet are not straightforward to calculate as they are for a straight bet. If you make a combination bet of three greyhounds, the total number of bets is four (three doubles and one treble). If two of your selected hounds win, you get paid based on those two winning bets.
Here’s how to calculate the odds:
- Calculate the odds for each of the winning bets.
- Add these together.
- Multiply this total by your stake to find out your potential return.
Pros and Cons of Combination Bets
- Higher Winning Chances: With a combination bet, you enhance your opportunity of having a winning bet as you are wagering on more than one outcome.
- Potential for Greater Returns: Combination betting can often produce larger returns. This is especially true when all of your selected greyhounds win or finish in the top positions.
- More Complicated: Combination bets are complex, especially for beginners. Understanding how they work and how payouts are calculated is not straightforward.
- Higher Costs: A single combination bet actually comprises several separate bets. Therefore, your initial stake is multiplied by the number of bets, potentially making this a more expensive option.
Popular Combination Bets in Greyhound Racing
Different types of combination bets are used in greyhound racing, each offering different levels of risk and potential reward. Here are some of the most popular:
- Dutch Betting: This involves betting on all possible outcomes to ensure whichever greyhound wins the race, you will make a profit.
- Patent Bets: This is a bet on three selections consisting of seven separate bets: three singles, three doubles, and a treble.
- Yankee Bets: This is a wager on four selections and includes six doubles, four trebles, and a four-fold accumulator.
- Canadian Bets: This is a bet on five selections consisting of 26 separate bets: ten doubles, ten trebles, five four-fold accumulators, and a five-fold accumulator.
Combination betting opens up much more potential scenarios in a race and can be a bigger thrill, but it’s definitely recommended that you understand the ins and outs of this type of betting before diving in.
Dissecting a Combination Bet: A Closer Look
Combination bet, in greyhound racing, can be anatomized into three sub-categories:
- Double: This is the simplest form of combination bet and involves exactly two selections. Both selections must be successful for the bet to win.
- Treble: This bet refers to having three selections in different races. The bettor will only collect if all three selections are successful.
- Accumulators: This is a roll-over bet, where the returns of each bet are placed on the next bet. They are named according to the number of selections they contain. For instance, four-fold, five-fold, and so forth.
For a better understanding, let’s look at this illustrative table:
|Number of Bets
Advanced Techniques for Successful Combination Betting
Here are some advanced betting strategies that experienced bettors often employ when placing combination bets in greyhound racing:
- Studying the Form: Knowing everything about the racing greyhound’s form, performance in previous races, and health can help in making an informed bet.
- Understanding the Track: Every dog performs differently on various tracks. Knowing the greyhound’s performance on different tracks can give better insights into the expected race outcome.
- Consider the Post Position: The position from which a greyhound starts the race plays a crucial role in determining the race’s outcome. Some dogs perform better from certain post positions.
- Knowing the Odds: Combination betting odds can be very complex. Having a clear understanding of how they are calculated boosts confidence and assures you of what you stand to gain or lose.
How to Place a Combination Bet
To place a combination bet, follow these steps:
- Select the races and greyhounds you want to bet on.
- Pick your bet type, i.e., double, treble, or accumulator.
- Decide on your stake. Remember, this will be multiplied by the number of individual bets.
- Confirm your bet by pressing the ‘Place Bet’ button.
Remember, while the rewards can be high, combination bets come with their own risks. It’s always important to bet within your means and enjoy the experience.