Learn about best odds guaranteed meaning

Whenever we bet on sports, we all want to ensure the best odds. That’s no secret. We all aim to win as much money as possible from our bets, so finding betting sites that guarantee the best odds is crucial to making our betting journey successful. What does best odds guaranteed meaning? This question will be answered by PremiumSoccerTips in this article.

What Are Best Odds Guaranteed?

Overview

Visit any high-quality betting site, and you’re likely to see an advertisement claiming the company “Guarantees the Best Odds” for all horse races in the UK and Ireland. Often shortened to “BOG,” which might sound a bit unrefined, this offer is one of the most popular in the UK today. But how does it work?

How It Works

When placing a bet, bettors used to face the decision of whether to take the current price offered or the Starting Price (SP). This could create a somewhat tricky situation—how can anyone know if a 5/1 shot will shorten to 3/1 or drift like a barge to 10/1?

Best Odds Guaranteed effectively removes this decision from the betting process. The BOG concession ensures that your bet will be paid out at whichever price is greater—either the price taken at the time of placing the bet or the Starting Price.

Example Scenario

For example, suppose you place a bet at odds of 5/1 and see the horse start at 3/1—under BOG conditions, you will still be paid at the 5/1 odds you took when placing the bet. Essentially, this is no different from placing the same bet with a bookmaker that does not offer the BOG concession.

However, the benefit of BOG comes when you take available odds, and the horse wins at a higher price. For instance, suppose you again take the 5/1 price when placing the bet, but this time the horse drifts to a Starting Price of 10/1 and still wins. Let’s compare the outcomes of £10 bets placed with a bookmaker offering BOG and one that does not.

Comparison

Best Odds Guaranteed Bookmaker: Under BOG conditions, you will be paid at the higher of the two prices—in this case, the Starting Price of 10/1. Thus, the total profit for a £10 bet would be £110.
Non-Best Odds Guaranteed Bookmaker: Without BOG, you would be stuck with the 5/1 odds at the time you placed the bet. In that case, the total profit for the £10 bet would be significantly less, only £60.

How to Use Best Odds Guaranteed

When it comes to utilizing the Best Odds Guaranteed (BOG) promotion, you don’t need to do anything extra to access the promotion other than taking the price for your selection when placing your bet.

When you take the price, you lock yourself into that price, so you will be paid out at that rate regardless of what happens next. Once the race is over, the SP (Starting Price) is considered, and it is compared to your taken price. Whichever of these two prices is higher will be used as the payout price.

Should You Use This Offer?

If this offer is available for your bet, it makes perfect sense to take advantage of it every time. With the BOG offer, you can’t lose. You lock in a fixed price, and if the SP is higher, you’ll receive that price.

Yes, the odds might change between the time you place your bet and the start of the race and may even increase, but not everyone has the time or ability to check the odds constantly. Whenever you place a bet that qualifies for this offer, make sure you take the price and place a qualifying bet to benefit from the Best Odds Guaranteed.

Why Do Bookmakers Offer Best Odds Guaranteed?

While this might seem disadvantageous for bookmakers, they actually offer these rewards and promotions for several reasons. Firstly, by offering Best Odds Guaranteed, bookmakers can differentiate themselves from their competitors, providing a unique selling point for their platform. This can attract new customers because guaranteeing bettors the best odds on their site offers a sense of security, knowing they’ll get the best available deal regardless of the actual time they place their bet.

However, it is important to keep in mind the various terms and conditions that may apply to specific bookmakers when participating in BOG promotions. For example, some sites might require specific wagering requirements for the Best Odds Guaranteed offer to apply. Additionally, bookmakers may restrict the types of bets you can place and the amount you can wager on them. Some bookmakers might even set time limits for these offers, providing them for a limited period before the event starts. To understand how much better your returns could be with Best Odds Guaranteed, you can compare the initial odds to the best odds using our unique betting calculator.

Why Are Best Odds Guaranteed Good for Matched Betting?

One way that Best Odds Guaranteed (BOG) offers can support matched betting, which explains why this strategy is one of the most popular side hustles available. One reason is that it helps bettors ensure they get the best possible odds for their bets. Since matched betting primarily involves exploiting odd differences between bookmakers, this can be leveraged to potentially maximize profits while minimizing associated risks. This is significantly beneficial as it reduces the impact of market fluctuations, a common issue when it comes to matched betting efforts.

However, if matched betting is a new direction for you, at OddsMonkey, we have plenty of resources and tools that you can use to support yourself. From the Matched Betting Calculator to the Horse Racing Betting Guide, which breaks down all the key terms, you can check out all of these to gain a better understanding of the betting industry and how you can benefit from certain betting strategies.

Conclusion

Understanding the best odds guaranteed meaning is essential for any bettor looking to maximize their returns. Best Odds Guaranteed (BOG) ensures that you always get the highest possible payout, whether it’s the odds you took when placing the bet or the starting price. This promotion is particularly beneficial for strategies like matched betting, as it helps minimize risks and maximize profits by taking advantage of odd differences between bookmakers. Utilizing BOG offers can significantly enhance your betting experience, providing a sense of security and ensuring you get the best value for your wagers. For those new to this concept, resources like those available at OddsMonkey can provide valuable guidance and tools to make the most of this advantageous betting strategy.