Your shutter speed needs to be FAST. Like about 1/2,000th and faster, to freeze the dogs' motion. I use a Takumar 500mm f/4.5 with my K-3 for lure coursing. I believe that all the digital photos below were taken with the 500 4.5.
The most important thing is your angle. Get low to the ground and set up so that you can capture the dogs coming around the cones. Also, fastest burst speed. Also, a big SD card so that you can just hold down the shutter button. I assume you have a tripod that can go near-flat. You'll want to use it if you have it.
Dogs turning into the photo are much more interesting than profile shots.
Also, use manual focus and pre-focus on the area where you plan to take the shot. As the dog approaches, hold down the shutter button until you overrun the buffer or it passes.
Also, shots with the handlers are great if you can get them.
One thing to avoid, no one wants photos of a dog's butt as it runs away from the photo.
And, if you have a chance to get dog portraits after the running, that can be good, too.
*These are from a dog show, but the idea is the same.
And if you feel brazen and like you want a challenge, grab a film camera and some fast film for a few rolls.