Many bookmakers now offer Best Odds Guaranteed when it comes to horse racing, particularly for meetings that take place in the UK and Ireland.
Best Odds Guaranteed is also abbreviated as BOG and it’s an excellent concession that is designed to ensure that betting customers always get the biggest price about the horse they have backed for a certain race.
On this page, we provide all the information you need when it comes to getting Best Odds Guaranteed.
Getting Best Odds Guaranteed on UK and Irish horse racing is a straightforward business. Indeed, many bookmakers automatically assign you an Early Price or Board Price when you back a horse with a pledge to pay out at the Starting Price should the latter prove to be bigger.
Let’s say you fancy a horse racing bet and back Green Meadow in the 3.10 at Newmarket. On the morning of the race, the horse is trading at odds of 5/1, so you place your bet taking this early price.
When the race goes off, Green Meadow has drifted to odds of 10/1. The horse then wins the race. Providing that you placed your bet with a bookmaker offering Best Odds Guaranteed, then you will get paid out at 10/1 instead of the 5/1 odds that you took.
Conversely, let’s say you back What A Diva in the 2.20 at Punchestown. She’s available at 8/1 an hour before the race, although the mare ends up winning at a Starting Price of 6/1 instead.
Because your Board Price was bigger than the Starting Price of the horse, then your bookmaker will pay you at the 8/1 instead of the 6/1.
For some bookmakers, you must actively take the Early Price or Board Price to make sure you qualify for Best Odds Guaranteed, although many now automatically give you the price as part of the overall promotion.
Please note that this promotion doesn’t apply to ante-post betting markets and the offer only starts to apply after the “first show” of prices for that particular race although terms may differ between bookmakers.
The aim of the game is to secure the biggest possible price about a horse that you want to back. With this in mind, it’s worth monitoring the latest odds as soon as they become available for a particular race.
It’s often the case that the bookmakers will initially differ with their “first show” of prices for a horse race and that could be the best time to grab an early price providing that Best Odds Guaranteed is in place.
Some betting customers like to monitor a particular race betting market for hours leading up to the race before pouncing on a price that they feel is the biggest they can possibly get about their fancy.
It’s worth noting that the odds are always changing and you will only get the price available about the horse when you back it. Therefore, if a horse has been backed in from 10/1 to 5/1 before the off, you can’t retrospectively get the 10/1.