Laying Greyhounds Guide Updated For 2024
Laying Greyhounds Guide 2024
I understand that it can seem quite complicated at first. Therefore I am going to try and write this laying greyhounds guide using our greyhound lay bet tips as simple as possible.
Initial Requirements
- Sign up as a member to get the daily greyhound tips and lay bet tips.
- Go to BetBotPro (BBP) and sign up for the seven day free trial.
- Sign up for a Betfair account
Getting Started
- Go to: Navigation and click the link to Lay Bets page or go directly to the Lay Bets Tips home page
- On this page are all the greyhound selections our lay bet tips are highlighted with a “Yellow” background.
- To the right hand side are the names of the greyhounds, which are our potential lay bet tips.
Taking Action
- Directly under where it says “Lay Bet Tips – Download In Any Format”. You will download the tips in either CSV or Excel
- I like to use Google Sheets to open this download but you can use Microsoft Excel if you prefer.
- Under the column named “runner” you need to copy all the greyhound names.
- Open another blank Google Sheets page and paste these greyhound lay bet names into this new page.
- Save this as a Comma-separated values (.csv) I always name mine as laybet-selection-13-06-24 and change the date accordingly.
BBP Settings
- Open BBP and wait for it to fully load
- I choose to lay greyhound tips 60 seconds before the start of the race
- My minimum odds are 1.01, maximum odds are 12.0
- Maximum back/lay price ratio mine is at £300, you can change this to suit yourself.
- My max stake liability is set high at £400, again you should adjust this to suit yourself.
- Your minimum and maximum number of bets should both be set at 1. This means that you want only 1 bet to be made on each race (BBP will choose the greyhound with the lowest odds, when there are more than one possible lay bets).
- Loss amount this is your stop/loss if things go wrong. Here you should enter the amount you are prepared to lose in the event of a losing day. Mine is set quite high at £300.
- Profit amount this is the amount of profit you want to win on each session. My profit target is set at £50 each day.
- Unsettled bets allowed, mine is set at 3. Often in greyhound racing another race starts before the results are in from another race meeting. So I allow mine to place bets even though I might not know the results from the last race.
- Under the Selections tab – then Selection Options – choose manual selection
- Under Staking Plan tab, I use Recovery Stake.
- Choose your initial stake amount, mine is set a £4
- Recovery % mine is set at 33.33 that is 3 cycles. This is how we recover losses following a losing greyhound lay bet. So your next bet following a loss will be a third of you loss plus your next lay bet amount. For instance if we are losing £36 and my next bet amount would normally be £4 then the new lay bet amount would be £12 + £4 = £16 this is the amount to be placed over the next three greyhound races. Then when the recovery has been made, the software returns to wagering normal amount bets.
- One more thing to remember is to always click on the Reset tab after each race day betting session. This will reset you total profit or loss amount. So it will again start at zero.
Loading BBP
- At the top left of BBP click on Tools, then go down to Import selection from Csv.
- Choose your saved Csv greyhound names
- The greyhound lay bet selections will now automatically load, this can sometimes take up to 60 seconds.
- Remember to click on the start button (top left) and that’s it your greyhound tips will lay bets according to your settings.
- While BBP is running your PC should always be running. “Video Below”
Because of all the updates that we have done recently, I thought I should write a full guide to laying greyhounds in 2024, using our new greyhound lays.
The other guide One Week’s Testing Of Greyhound Lays was written in 2019, so this is the updated version for 2024.
With this laying greyhounds guide we are looking to make a daily profit target of £52 and we will be using initial stakes of £4.
The screenshot above is from Friday 26th April 2024 and these were the genuine tips that appeared on the website for laying greyhounds on that day. On this day I placed my Lay Bets manually on Match Book and used The Staking Machine to work out my next betting stake.
Laying Greyhounds Guide Strategies
We are only interested in a consistent profitable strategy, with this laying greyhounds guide a tried and tested lay system for greyhound racing. Yes, there will be losing days and we have to allow for this, but overall the winning days should outweigh the losing days.
When laying greyhounds to lose, the stakes we place are much higher than those of betting to win. However, it is much easier to find a loser in a race than it is to find a winner.
Lay system for greyhound racing
As part of our consistency we have to set a profit target for the day and when this target is met, then we must stop wagering for the day. I personally stop when I have reached my profit target of £52 for the day. Laying greyhounds, I can reach my target after 14 successful lay bets. The bookmakers will take a percentage of our bet, so a £4 win will become £3.80 with betfair. That is £3.80 x 14 = £53.20
Lay betting on greyhounds
You will need a funded betting account, so for instance you will have £500 in a betfair account. You will need to leave this amount in this account all the time. Whenever you withdraw your winnings if you have £780 in this account, you will only withdraw £280.
The video below is to show how to import the greyhound lay bet tips into Bet Bot Pro (BBP). This is a very good lay betting software for greyhounds and I use it all the time.
Below Greyhound Lay Bet Results 27th April 2024
Greyhound Racing Odds
Another thing I noticed over the years of laying greyhounds guide is that the higher odds winners usually come from the lower grade of greyhound racing. That is grade 7 and above, D5 and above, S4 and above. Open races and handicap races are usually off better racing dogs. I must admit to still be shocked and amazed to see 16/1 and 20/1 rank outsiders winning some greyhound races.
| Category of Race | Grade Range | Information |
|---|---|---|
| A | A1 to A11 | Greyhound speed levels with A1 being the fastest |
| D (Sprinting dogs) | D1 to D6 | Sprinting greyhounds fast but often over a shorter distance |
| S (Staying dogs) | S1 to S6 | Run over a longer distance, but smaller number of greyhound races |
Waiting on Sporting Life Dog Tips
Today 01st May 2024 I am waiting for the greyhound tips from SL and at 11.55 am they are still not available. The way we have our Lay betting strategy to work, relies on all the tipsters greyhound tips being available. The first race today as I write this as at 11.32 am. Sometimes SL are late updating their website but today is very late. Just checked again this afternoon at 16.10 pm and their greyhound tips have still not been updated.
I have a software currently being built called *SoftwareGen*, it is not really finished yet, but needs must so I used that today rather than wait for SL.
Laying Greyhounds Guide 2024
The above screenshots are on the left from 28th April 2024 and again we exceeded our profit target of £52 for the day. We had a very good 86.2% strike rate.
To the right 29th April 2024 we can see that there were two losing lay bets quite close to each other. The software BBP went into recovery, as you can see. There are some quite high stakes being placed here, but this is how lay betting works. We are not just going in for a one-day profit; we have to think of “long term greyhound lay betting.” Profits from betting on a regular basis. As it was, we recovered our losses and were into profit again.
Laying Greyhounds Guide
The images above, on the left, are from 30th April 2024. We had a losing bet from the start and had to go into recovery right away. All was going well until the 12th bet, when we had another losing lay bet, so again we were in recovery, and luckily we quickly hit our profit target again.
To the right 01st May 2024. After the long wait for the SL tips, that never appeared. I had to use another method to get three different greyhound lay tips uploaded to the website. I used a software called SoftwareGen that is still in production to get our missing dog tips. Everything went well with this, and we had a 100% win strike rate and did not have to go into recovery at all. If only every day was like this.
That is six straight winning days with a profit target of at least £52.00 on each day. 6 x £52 = £312
So far, in this Laying Greyhounds guide, I have just shown you how to go to the website, download the .csv and load these into BBP. But, you don’t need to just accept these Greyhound lay bets you can be selective if you wish. In this greyhound lay betting guide I just load the dogs and let the software run. You can go through the bet schedule within BBP and uncheck some bets if you want to. For instance, not placing lay bets on A11 or not wanting to lay dogs in handicap races, it is up to you.
These are the results from today’s greyhound lay bets, to the left. I have found recently that the greyhound lay bet tips seem to be more accurate in the afternoon. Maybe this will change again soon, and the morning dogs might be better.
I am using the *Recovery Stake* staking plan when using BBP, and mine is set to recover any losses over 4 races at 25%. Following a loss, as shown in the image to the left, the software will increase the stake amount accordingly. It will revert back to normal staking limits when the deficit has been recovered.
When there are more than one possible greyhound lay bet selected, BBP will choose the selection with the lowest odds. As long as you have selected a maximum of 1 bet to be placed within the software settings.
The software will continue running and laying greyhounds until your profit target has been met. After your profit has been met for the day, it is good practice to use the reset button to reset the profit target, ready for the next day.
Laying greyhounds guide Stop/loss
You should have a limit of how much you are prepared to lose, when things go wrong. Mine is set at £300 but you can adjust this to suit yourself. Some might have this set at £100 or £200, but it is up to you. It’s the same as your profit target, this can be set at whatever you want. I have mine set at winning £52 a day because that is what I am comfortable with. I know someone who uses initial £2 stakes with a profit target of just £10.
Risk Management and Bankroll Management when Laying Greyhounds:
As with any form of gambling, risk management and bankroll management are essential aspects of successful lay betting. It is wise to exercise discipline and prudence in our wagering activities, avoiding reckless bets and overexposure to risk. By establishing clear betting limits, allocating a portion of the bankroll to each wager, and adhering to a systematic approach, we can mitigate losses and sustain long-term profitability.
Selecting Your Greyhound Lay Bets
If you are using software to place your bets such as BetBotPro (BBP) it will always select the greyhound with the shortest odds as the greyhound lay bet for us. So if we have three possible lay bets, *Trap 1 – 3.0*, *Trap 2 – 8.0*, *Trap 3 – 16.0* then it will select Trap 1.
In the image above it is taken from todays 06th May 2024 greyhound lay bets.
Greyhound Lay Betting Results 08/09-May-2024
Yesterday 08th May 2024 I was experimenting and took the winnings up to £128.76 by mid afternoon. This was using initial stakes of £4 as per normal. As can be seen in the images above, there were a couple of losing bets, so the software went into recovery to win back the losses. These were the genuine greyhound lay betting tips as appeared on the website.
This image above is taken from todays results 09th May 2024. Again I was experimenting and used £5 initial stakes with a profit target of £50. In fact the system won £57 for the day after only 12 successful lay bets with a 100% strike rate. The system did not have to go into recovery this time and all went according to plan.
You can see here that sometimes a lay bet does not get placed, this is usually due to the odds being too high and the software does not place the bet. I usually keep an eye on the betting and if a dog that is set to lay has too much betting volume, you can cancel this bet before the selection takes place. However, on this occasion I did not have to do this.
Greyhound Lay Betting Update for 12th May 2024
Laying Greyhounds Guide Results
Below are the results for the greyhound lay bets for this week from 06th May 2024 to today 12th May 2024
Total Profit This Week = £451.85
Each download button gives you access to all the excel sheets where you can view this weeks greyhound results.
These are the genuine greyhound selections as they were available on the website each day.
There were no losing days again this week with the greyhound lay bets and you can see on one of the days we had a 100% strike rate.
Today the 12th May 2024 I did have some quite large stakes being placed because there were two losing bets quite close to each other. The software BBP went into recovery and this was the reason for the large stakes.
Most days I was just placing the lay bets from the morning but it does appear that the better lay bets have been in the afternoon just lately. On Wednesday I was trying out something and took the profits up to £128.74 on that day and I also tried using initial £5 starting stakes. It seems for me it is better with initial £4 stakes but I have now chosen to recover any losses over 3 bets set at 33.3% recovery and this works better for me.
Remember you can set your profit target at whatever you want. You can try it out to win £10 profit for the day or £20 profit for the day to start with. In addition you can also try it out in simulator mode to begin with, without any risk to your real money.
Laying Greyhounds Guide Results
Above, I have added the results for the greyhound lay bets for this week from 13th May 2024, to 19th May 2024
Total Profit This Week: £384.64
To be honest, in this laying greyhounds guide, on Thursday 16th May I did hit my stop/loss in the morning and was losing £150 for that day. I decided to try again with the afternoon bags racing, and I won this time.
Laying Greyhounds Guide Unsettled Bets
The problem with so many greyhound races each day is that there are often delays in receiving the results. Sometimes races start late, or maybe it is a very close race where they have to decide on the winner. Also, dogs might not want to go into the traps, or there might be an injury. There are many reasons why greyhound racing results might be late coming in. The problem we have is that we have unsettled bets and we can allow for this when using software such as BBP. You can view BBP support videos from their website.
In the images above you can see I choose to allow for 3 unsettled bets. With this I can still place greyhound lay bets even though some race results have not come in. The image to the right is showing the recovery staking plan I choose to use.
To continue with our laying greyhounds guide this is to note the updates from 20th May to 25th May. Since I have added the dog lay bet results above this has generated a profit of £1,166. Some of the days have been a winning strike rate of 100%. On the 25th I started my lay betting later than normal and as such I had a larger than normal bet being placed. If I had started at my normal time then the profit would have been realised without this large bet being placed.
