Best Odds Guaranteed: What does it mean?
Those that bet on horse racing will have seen many bookmakers promote their best odds guaranteed offer on all UK and Irish horse racing. But what does this offer mean, and how can you benefit from it when you place a bet with them?
Here is a guide that will tell you everything you need to know about the best odds guaranteed promotional offer so you can be the chief earner in your family.
What is best odds guaranteed?
A lot of online bookmakers run a promotion called best odds guaranteed. You will have seen this offered to you but you may be unaware of what it actually is and how it can affect your betting.
The best odds guaranteed promotion gives the punters who take advantage of it the best price possible to them when they place a bet on a horse, either the price they take, or the SP. Therefore when you are placing a bet where the best odds guarantee offer is available, you would be a schmuck if you didn’t take the price.
To see how this works and how it can affect your betting profit, take a look at the examples below:
An example of best odds guaranteed working
Your chosen horse is available to back in the morning and it is priced up at 4/1 with every bookmaker. The horse runs in the afternoon and wins the race with an SP of 6/1.
You placed your bet of £10 to win at 4/1 on the horse with a bookmaker that DOES NOT offer the best odds guaranteed promotion. You have a winning bet and when you collect your winnings you will be paid out a total of £50 on the bet, because you took the morning price of 4/1.
Now let’s see what would happen if you placed your bet with a bookmaker that offered the best odds guaranteed promotion.
Again, you placed your bet of £10 to win at 4/1, but this time you used a bookmaker that DOES offer the best odds guaranteed promotion. You have a winning bet and when you collect your winnings you will be paid out at the SP because that is bigger than the price you took. This means you will be paid out £70 in total, which is £20 more than you would be paid without the best odds guaranteed promotion.
An example of why you should take a price with best odds guaranteed protection
Your chosen horse is available to back in the morning and it is priced up at 4/1 with every bookmaker. You think the horse will be a bigger price at the start of the race, and because your bookmaker doesn’t offer the best odds guaranteed promotion, you leave the bet to be settled at SP.
Your £10 bet on the horse is at SP and the horse wins the race. The SP has returned just 2/1 because the horse was heavily supported before the race started, like you many other people thought the horse would win today. You collect your returns and you are paid out £30 because your bet was settled at the SP of 2/1.
Now let’s see what would happen if you placed your bet with a bookmaker that offers the best odds guaranteed promotion.
Again you would place a bet of £10 but this time because you have the security of taking the best odds guaranteed promotion, you don’t think twice about taking a price. You take the 4/1 on offer and if the horse does get any bigger then you will be paid out at that price. Your horse wins and although the SP is just 2/1, your bet was settled at the early price of 4/1. You will receive £50 back from your bet, a £20 increase on what you would have received if the bet was settled at the SP.
Why best odds guaranteed has become a necessity
The examples above are just two things that happen on a daily basis where best odds guaranteed has a huge impact on profit. Each day we see many horses being well backed from a big opening price in the morning, down to a much shorter price before the race begins. It is vital you are on the morning price to get the best profit from these horses, and the best odds guaranteed offer allows you to take the morning price without even thinking.
We’ve also all seen many drifters go on and win, which is another benefit of taking the best odds guaranteed promotion from the bookmakers that offer it. If you strongly fancy a horse to win then it is likely you will take a morning price, because you want to know what returns you will have. If the horse drifts out in the betting, but still wins the race then you will be throwing away profit if you don’t use the best odds guaranteed promotion. However, by having it there you can take the price and if the horse does happen to drift out, then that just means a bigger price for you so you can make it large.
The best odds guaranteed offer has become a vital part of betting on horse racing and every regular horse racing punter needs to make sure it is available to them. Many bookmakers now offer this promotion and if you are with a bookmaker who doesn’t, maybe it is time to find a new bookmaker who will give you it.
Using the best price guaranteed offer will enhance your betting profit, without you changing how you bet. All you need to do is make sure your bookmaker offers it, and always take the price when you place a bet with them. The rest will look after itself, but you will be safe in the knowledge that you will be taking home the most profit you possible can, because you have bagged yourself the best odds guaranteed.
You can get this offer from many bookmakers if you take a look around, and you don’t even have to shake anyone down.