Betfair Introduce Minimum Horse Racing Bet Guarantee
June 20, 2018
Betfair are one of the most popular bookmakers for punters in the UK and they have taken another step to attract further custom. This is through the introduction of a minimum bet guarantee on selected horse races.
Starting on 19 June 2018, a minimum bet limit of £500 is now in effect on all Class 1 and 2 races. On these races, punters will be able to bet in order to win a minimum of £500 at Evens, £250 at 2/1 or £125 at 4/1.
The great news is that this offer is available to everyone in the UK or Ireland that has a Betfair account, and it will be available from 10am each day that there are races that qualify. This is excellent news for those that want to put sizeable bets on, and could help with the completion of some other offers from a matched betting perspective.
People that are new to the concept of matched betting or just betting in general may not be aware of the difference between the Betfair Sportsbook and the Betfair Exchange. The easiest way to explain this is to say that the Sportsbook is the traditional bookmaker experience, where you will be betting against the bookie themselves. The Exchange however is the equivalent of betting against other users.
On the Exchange, users can back a selection (similar to what you would do on the Sportsbook) or lay a selection. To lay a selection, you are predicting that something will not happen. For example, if you placed a lay bet on Poets Word in the 16:20 at Ascot, your lay bet would be successful if the horse did not win the race.
The offers listed on each part of the site are usually very different too. The Betfair Sportsbook betting offers include Best Odds Guaranteed on all UK and Irish horse racing winner markets. This promotion can be incredibly lucrative if the odds drift between the time you have backed a selection and the start of the race. If the starting price is bigger than the price you took and the horse wins, you will be paid out at the bigger price.
Here at MatchedBets.com we list the best betting offers from all bookmakers and exchanges, showing our members how to make an expected profit by simply following our step by step guides.