To place a bet, go to a sportsbook at the greyhound race track, indicate the bet you wish to make, and pay at least the minimum betting amount to place the wager. Win, place and show bets are common, but some tracks may offer more specialized bets.
A win bet, or a straight bet, pays out if you pick the dog that wins the race. You win a place bet if you pick the dog that wins either first or second place. A show bet pays out if you pick the dog that wins first, second or third place.
You can also place an across-the-board bet. This bet is essentially a win, place and show bet on a single dog. It is triple the cost of a single bet, but if the dog wins the race, you collect winnings for all three bets. If the dog is in second place, you collect both the place and show bet winnings. Even if the dog only finishes in third place, an across-the-board bet still pays out the winnings for the show bet.
Trifecta bets allow you to pick three dogs and the exact order they'll cross the finish line. A quinella allows you to pick two dogs to finish in first and second place, but the order in which the dogs cross the finish line doesn't matter.