What Does Best Odds Guaranteed Mean?
While signing up for accounts or viewing promotional material for bookmakers you will frequently come across the term ‘Best Odds Guaranteed’ without it being particularly clear what it’s referring to.
Best Odds Guaranteed is an offer alot of the bookies run on all or selected horse races. What it means is that if the odds for a horse go UP in the time between you placing your bet and the race actually starting, the bookie will pay out at the new higher odds if you go on to win.
What makes this situation particularly good is that your lay bet will not increase in line with the bookie odds. So if you place a bet at odds of 6, lay it off at odds of 6 and then odds raise to 10 before the race starts..the bookmaker will pay out 10x the stake however your original lay liability at odds of 6x remains.
As a result of this you may win 10x £25 with the bookie while only paying out 6x £25 on the exchange. An instant £100 profit!
While its not worth placing bets specifically to try and hit this offer, they can and do occur as you work through other offers and provided a nice unexpected boost. The most I’ve made from this was a £300 increase!
2 thoughts on “What Does Best Odds Guaranteed Mean?”
I copped one with the Bet365 opening account offer on a £200 bet. It only went up slightly but obviously on the £200 stake it meant about £150 extra profit… very happy about that one! 🙂
Nice! Love it when these come in. I don’t think its worth placing qualifiers specifically trying to hit it though, but if you do so as part of another offer its makes it all the more sweet!