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First bet on a Football or Horse Racing multiple with 3+ selections. Petfre (Gibraltar) Limited trades as Betfred and is registered in Gibraltar with company registration number 99314. 00 would finish first then stake lower to be on a safe bet. All the odds are presented on screen. Bet £5 Get £30 in Bonuses. Types of dog racing bets Pennsylvania. The most common way to bet on greyhound racing is to either pick a dog and back it to win a particular race, or you can back a dog to be placed in order to have a better chance of winning. It looks something like a machine I came across in Reno in 1985, but instead of virtual greyhound racing, the machine showed actual quarter horse races (stored on a laserdisc); the odds are set in advance by the machine (which, presumably, knows the winner of the next race before setting them, rather than setting odds and then choosing a race. We direct readers to the safest greyhound betting sites for US-based gamblers. 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