Pick Your UFAProfit Pool

At the greyhound track bettors usually have as many as 12–14 wagering pools to select from. Along with the usual win, place, and show pools will be the “semi-exotic” wagers, such as daily doubles, perfecta/exactas, and quinielas. And, at most tracks more elaborate wagers will also be available, such as the trifecta, superfecta, pick 3, pick 6, double quiniela, tri/super, etc. (One wonders which track will first offer the octafecta, in which the finish order of all eight dogs must be selected!)

Why are so many different types of wagers offered? Clearly, it’s because the track wants to offer the fans as many ways to wager as possible, to create the largest possible handle. The track, deducting a percentage of from 18–25% from each dollar wagered, is more than happy to provide a wager to fit every fan’s wish! Furthermore, track owners delight when the more exotic pools provide really impressive multi-thousand dollar pay-offs, creating great publicity for the track! (If you think those really big pay-offs hurt the track, or are truly “generous,” you don’t understand pari-mutuel wagering!)

In previous articles we’ve talked about statistical handicapping techniques, how to apply this to the situational aspect of race prediction, and how to fit your wagering approach to your handicapping skill level. To regularly walk away from the dog track with a profit you need to develop the ability to select the correct pool(s) to wager into. There are few pat answers. First, forget the show pool, there’s no profit to be made there at any track. Likewise, the place pool is an unwise wager, except perhaps when wagering on simulcast in Nevada, where greyhound wagering is not co-mingled, and your wagers do not “dilute” the pay-off odds. A few UFA experts claim that a potential profit can be made in the win pool, but this is only true if the bettor selects only certain types of races on which to wager—perhaps a ratio of 2 or 3 races out of a 15 race card. Across the board, mutuel favorites and “expert’s” selections only win about 25–29% of the time. That’s …