Dog Wager
In the US, dog wagers, like horse racing wagers, are referred to as Pari-Mutuel, meaning "to wager amongst ourselves" in French. American dog racing fans bet against and amongst one another, not against the dog racing track. Wagers, of a particular type, are placed together in a pool; taxes and a house take are removed, and payoff odds are calculated by sharing the pool among all placed bets.
In England, dog racing wagers are like sport wagers which have fixed odds. For example, the odds of greyhound #1 finishing first is at 4/1 (read "four-to-one" or "four-to-one against"). If greyhound #1 crosses the finish line first, the bettor makes a £400 profit on a £100 wager.
Pari-Mutuel betting differs from fixed odds betting in that the final payout is not determined until betting into the pool is closed. In fixed odds betting, the payout is agreed at the time the bet is placed.
The challenge of placing dog wagers is to collect and analyze information and then make a sound judgment on which dog to bet on, what type of bet to place and how much to bet.
There is obviously no guaranteed way of finding winners, but for a newcomer to dog racing, the task must seem quite intimidating. Six dogs may all seem the same to the novice but there are many factors to take into consideration before risking any hard earned money.
Over the years, there have been all sorts of so called fail-proof winning statistical systems but the only way one can realistically hope to show a profit in dog racing is to study each and every dog race card in any given race.