Usually best odds guaranteed offers apply to both single and multiple bets.
Example of best odds guaranteed in practice
Say you back a horse to win a race in the Cheltenham Festival at odds of 8/1 . The odds on the horse continue to lengthen (increase) and, by the start of the race, are sitting at 10/1. If the bookmaker who took your wager offered best odds guaranteed, it’s means that if your horse wins, you’ll be paid out at the starting odds of 10/1.
Best odds guaranteed limits and conditions
Typically best odds guaranteed offers don’t apply for ante-post racing, pool betting or any special bets, like enhanced accumulators, insurance bets or place-only bets.
A bookmaker may set a limit on the maximum extra amount you can win per bet due to its best odds guaranteed offer. For example, say the limit is set at £20,000. This means that if a winning bet would return £25,000 at the odds that were quoted when you placed the bet, you can’t win more than £45,000 on the bet (£20,000 more than you would have otherwise) due to the starting price odds being higher.
To establish the limits that apply, you’ll need to check a specific bookmaker’s terms and conditions.
Bookmakers that offer best odds guaranteed
In the UK, several leading bookmakers offer best odds guaranteed. Among these are:
A few years back, it was common for bookmakers to offer best odds guaranteed only on specific races (usually high-profile ones). In an attempt to compete for betting business, many UK bookmakers now offer best odds guaranteed on all UK and Irish horse races. Good news for punters!