Best odds guaranteed explained
A best odds guaranteed offer is a bookmaker price guarantee. They won't be beaten on their odds and will match the highest odds offered by any bookmaker at the event commencement.
For example, if Bet365 offered odds of 10.00 on a horse to win, but just before the race another bookmaker offered 12.00, Bet365 would match this and pay out at 12.00.
This example shows a scenario where the odds increased - if the odds had decreased, your bet would be valid at the original odds (when you placed the bet) and would not be affected by odds movements at other bookmakers. This gives us an opportunity to profit.
Best odds guaranteed matched betting strategy
Firstly, we lay the original bet on an exchange for no loss. If the odds go up, the bookmaker will payout the original bet at higher odds, and the exchange bet will still be valid at the original odds. If the bookmaker bet wins, we can make a risk free profit.
For example, suppose we backed a horse, Moonhorse, to win at 10.00 with Bet365. At the same time we layed Moonhorse on an exchange at 10.00 for no loss with a liability of £90. Suppose that Moonhorse ended up drifting to 12.00 before the race began:
​ | ​Win Odds | Stake | Payout |
Moonhorse (initial odds) | 10.00 | £10 | £100 |
Moonhorse (new odds) | 12.00 | £10 | £120 |
The Bet365 payout has increased. Therefore if Moonhorse went on to win, the breakdown is as follows:
Profit £110 from the Bet365 (£120-£10 stake)
Payout out a £90 liability on an exchange
We lock in an easy £20 profit.
Finding profitable opportunities
Opportunities are common as most bookmakers offer best odds guaranteed on televised horse races on a daily basis.
However most potentially profitable opportunities will involve horses with odds of 4.00 and above. The chances of an opportunity locking in profit are therefore relatively low.
It's for this reason we recommend only taking advantage of best odds guaranteed when we can lay on the exchange for no loss/a small loss to make a profit overtime. For example:
In this case we'd make a 2p loss, so there's virtually no downside risk to placing the bet.
We'd recommend finding all the races with best odds guaranteed offers and comparing bookmaker odds to those on the exchange, and only taking up the bets where there is no risk, similar to this example above.
MBC premium
Constantly scouring the betting markets to find these best odds guaranteed opportunities can be time consuming and confusing, especially for the potential return. That's why we've decided to add a section in our premium matched betting community Telegram channel for best odds guaranteed alerts, delivered directly to your phone. See an example below:
