Best Odds Guaranteed offers can give you an extra bit of profit on top of your matched betting efforts. First of all, I would advise that you sign up to a site such as Profit Accumulator or MatchedBets, as they list each Best Odds Guaranteed offer with its own step by step guide. This makes everything so much easier for you.
Sceptics often say things like ‘does Profit Accumulator work?’ and the answer is most certainly yes. When matched betting, having a premium subscription to a site like Profit Accumulator can be crucial in maximising your matched betting profits.
What Is Best Odds Guaranteed?
Essentially, Best Odds Guaranteed (often referred to as BOG) is a horse or greyhound racing promotion that is listed by certain bookmakers and if things go your way it can be extremely profitable. Say you were to place a bet on a horse at the bookmaker, as the odds for horses are constantly changing the Starting Price (SP) may end up bigger than the price you took earlier. If the SP was bigger, Best Odds Guaranteed means that the bookmaker would pay you out at the bigger odds. If the Starting Price ends up shorter than the Price you took, you will be paid at the early price as it is greater.
The Benefit When Matched Betting
The way we can profit comes from placing a back bet on a selection and then a lay bet against the same selection on a betting exchange. Then, if the Starting Price was to drift to a bigger price than you have taken, you would add to your profit with a win at the bookmaker. As the bookie will have increased the odds but your lay bet will stay the same, you will pretty much break even with a win at the exchange, but a win at the bookie could see you land a big win.
For example, if you were to place a £10 bet on a horse with a bookmaker at odds of 5.0 and the Starting Price happened to drift to 6.0, your bet will be settled at 6.0 instead. Say the lay odds were also 5.0 and we used a matched betting calculator to work out the ideal lay stake of £10.04, we would make a minimal loss of £0.16 either way at the original back odds of 5.0. However, with the new Starting Price of 6.0, the profit if the lay bet wins stays the same but the profit if the bookmaker bet wins increases massively to £9.84.
Therefore, it is worth taking a loss of pennies in order to potentially profit well from the offer. If you are using it as your qualifying bet for another offer, it can be very valuable indeed. There are plenty of bookmakers that offer this promotion, including; Coral, Sky Bet, Ladbrokes, 21Bet, William Hill, Bet365 and many more.
You won’t be able to solely rely on Best Odds Guaranteed offers when matched betting, but they are certainly a good addition to your usual routine.