Best Odds Guaranteed matched betting
Best Odds Guaranteed (BOG) is another avenue of potential profit from horse racing matched betting.
BOG is a promotion designed to entice mug punters. However, we can back and lay horses to turn this concession to our advantage.
What Is Best Odds Guaranteed?
BOG is a horse racing promotion, which can yield extra profit for no additional effort.
Horse racing odds are constantly changing, as horses go up and down in price in the betting market.
If you bet on a horse and the starting price is higher than the odds taken, the bookies pay the winning bet at the higher price – this is known as Best Odds Guaranteed.
BOG is useful when placing qualifying bets and free bets. You could gain extra profit if your horse drifts in the betting market and goes on to win.
Best Odds Guaranteed example
Let’s say you place a bet on a horse at odds of 2/1 (3.00) with a bookie.
If the starting price is 3/1 (4.00), your bet is settled at 4.00. This is potential extra profit – for no additional risk.
However, if the odds of your horse shortens in the betting market to 6/4 (2.50), you would still get out at 3.00 if your horse wins.
Therefore, you can consider BOG as a best price insurance when matched betting.
BOG does not apply to exchange bets. Your exchange liability is not affected by the SP of the horse you are laying.
Best Odds Guaranteed strategy
Suppose you are placing a qualifying bet for a horse racing offer.
♦ Place a £10 back bet on a horse to win at odds of 2/1 (3.00) with a bookie. Always take a price, never bet at SP odds.
• Place a £10 lay bet on the horse at odds of 3.00 on the exchange.
If the starting price of your horse increases to 3/1 (4.00), Best Odds Guaranteed ensures the bookie pays out a total return of £30 instead of £20.
However, your £20 lay liability is still the same.
The overall extra profit from this example would be £10.
You can use this strategy all types of matched bets. Back horse at a bookmaker offering BOG, then lay the horse at the exchange – for a risk-free shot at hitting BOG.
Some bookies have a winnings limit for Best Odds Guaranteed, which is generally several thousand pounds.
Best Odds Guaranteed hints
♦ Place your BOG matched bets early in the day. Don’t wait until close to the start of a race, as it will be difficult to back and lay accurately.
• Do not back too many horses hoping for BOG with one bookie. You will be taking value odds to get a close odds match, which could lead to a quicker gubbing.
♦ BOG is a risk free matched betting technique, which can be applied to Betfred pushes horse racing boosts. Back and lay Betfred Pushes online and in shops for possible BOG.
• Lay your BOG bets immediately to ensure a risk free matched bet.