The betting in horse racing involves the comparison of pre-race odds. A lot of bettors would like to ensure that they get the most out of the bet they make. Bet365 should also be considered a site that provides one of the popular functionalities in the horse racing markets, which is referred to as Best Odds Guaranteed. This rule is aimed at defending bettors when odds are changing to their favor after bet is in place.

The knowledge of how Bet365 Best Odds Guaranteed functions can be used by the bettor to make more informed choices when placing a bet on horse racing events. It particularly comes in handy among people who bet early before the race starts.

Mentorspredict explains the meaning of Best Odds Guaranteed, the rule as applied on Bet365, when it is applicable and why it is important to horse racing punters.

What Best Odds Guaranteed Means at Bet365?

Best Odds Guaranteed is a horse racing betting rule. This implies that when a bettor wagers at a given price and the price is higher than the initial price, the odds are increased before the race begins then the bettor will be given the better odds in case the horse wins.

In a way of illustration, a bettor can make a bet when a horse is quoted at 4.00. The odds can later rise to 5.00 prior to the commencement of the race. In case the horse wins then the bettor will be paid the higher odds of 5.00 as opposed to the initial odds.

This rule assists bettors that make early bets since they will not lose possible value in case the market shifts towards them.

Nevertheless, when the odds change, and they are lower than made on the betting date, the bettor will retain the initial higher odds. This implies that the bettor is insulated against adverse changes and at the same time enjoying the positive changes.

Where Best Odds Guaranteed Applies on Bet365

Best Odds Guaranteed tends to be offered on chosen horse racing markets. It is usually applicable in races that are held in key racing locations like in the United Kingdom and Ireland.

The rule usually applies in the case of bets that are made prior to the race. As soon as the race begins, it ceases to have the feature.

Bet365 frequently highlights the markets which would be eligible to the Best Odds Guaranteed in horse race part of the platform. Before placing a bet, the betder has to always find out whether the rule is in force in a particular race.

Most of the times the rule is applicable to the win market single bets. It is not necessarily applicable to all forms of bets including combination bets and other promotion bets.

The Practice of How Best Odds Guaranteed Works

To gain a better insight into the rule, it would be better to consider a simple example.

Suppose that a bettor bets ten dollars on a horse whose odds are 6.00. This is followed by a rise of odds to 7.50 just before the race begins.

In case the horse wins the race, Bet365 will pay out with the odds that are higher between 7.50 and 6.50. This gives a greater returns to the bettor.

But when the odds had reduced to 5.00 prior to the race, the bettor would still be paid according to the initial odds of 6.00.

This system will make sure that bettors who make their bets early do not lose out because the market turns.

The Importance of Best Odds Guaranteed to Bettors

The odds in horse racing tend to fluctuate towards the coming of race time. These varying occur due to betting, the emergence of new information on horses, track conditions or due to professional analysis.

In the absence of a rule like the Best Odds Guaranteed, a bettor making early bets can lose money should the odds change in his/her favor.

The rule also has an added value in that it eliminates the chances of making the wrong decision on when to place a bet. Punters are in a position to make earlier bets with more confidence.

This rule also has the benefit of enabling those people who trade racing markets keenly to take advantage of the early odds whilst at the same time enjoying the advantage of any price improvement.

Category of Bets that can qualify

Best Odds Guaranteed is usually applicable to simple bets in horse racing market.

Single win bets are the most prevalent bets that can be subjected to the rule. There are also some each way bets, which can be eligible under certain circumstances of a certain race, based on what the bookmaker has to say.

There are bets that might not though. These may involve special offers, accumulator bets or free bet credits wagers.

Due to the fact that the rules may differ in accordance with the races, it is always necessary to investigate the market peculiarities of a particular market and set a bet.

The Cases When the Rule might not be applicable

Even though Best Odds Guaranteed is commonly applied in the horse racing, there are instances when the rule is not applicable.

A typical example is bets that are made once the race is underway. As odds are prone to change quickly in case of live betting, the regulation is usually restricted to pre race betting.

Special promotional bets which are under distinct conditions are another case. This does not necessarily mean that these bets will be subject to the same price protection.

Moreover, this may not be available in some international horse racing events. The availability usually varies with the bookmaker and the racing jurisdiction.

Frequently Asked Questions

Best Odds Guaranteed in horse racing betting?

Best Odds Guaranteed implies that, in case a bettor bets and the odds change in his/her favor before the race has been run the bettor will be given the better odds in case the horse is the winner.

Does Bet365 offer the Best Odds Guaranteed to all horse races?

No. The rule tends to be applicable to a few horse racing markets especially those races in key racing areas. It is always advisable to make sure that one checks whether the rule is in place at a particular race.

What will occur when the odds reduce once bet is made?

In case the odds become lower once the bet is made, the bettor retains the initial higher odds at the time of making the bet.

Are every way bets subject to Best Odds Guaranteed?

Every way bets can be qualified in numerous occasions but this varies depending on the race and the bookmaker regulations. It is always advisable that betters examine the market conditions of a particular market before making a bet.

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