If you bet on Horseracing, then you will want to read the special new SBC report exploring the various Minimum Bet Guarantee offers now available to restricted punters.
Based on odds data collected over several months, the report presents our findings on the Minimum Bet Guarantees (MBG’s) currently available from Bet Victor, Skybet & Betfair Sportsbook and answers key questions surrounding them including:
- What kind of value do MBG’s offer punters?
- How do the odds available in MBG markets compare with odds from other bookmakers?
- How useful are MBG’s for punters and how best to use them?
- Which bookmakers offers the best and worst value MBG’s?
- What are the issues to be aware of with Betfair’s MBG offer?
This report is available now for immediate download to all Smart Betting Club members. Sign-up now to gain instant access
What Is A Minimum Bet Guarantee?
For those of you not familiar with Minimum Bet Guarantees – below is a quick explanation to get you started…
A Minimum Bet Guarantee (MBG) in its simplest form is where a bookmaker will allow you bet to win up to a certain amount – usually around £500 without stake restriction. They are used primarily on horse racing, where the issue of restrictions is currently at its greatest, although in theory a MBG can be applied to any market or sport required.
A punter offered a MBG that allows them to win £500 can place as much as £50 on a 10/1 bet or £250 on a 2/1 shot. The simple premise is that your stake allows you to win up to but no more than £500 on any given bet – usually only single bets.
Here are the 4 current MBG offers available:
SkyBet – Any Class 1 or Class 2 race can be backed to win up to £500 from 10am (win bets only)
Betfair Sportsbook – All races can be backed to win up to £500 from 10am (win bets only)
BetVictor – slightly different in that they offer a separate ‘guaranteed market’ from 11am to win up to £500 (this can be a win or each way bet). The odds in the guaranteed market are often worse than the regular markets.
BetUK.com – All races can be backed to win up to £500 from 11am (win bets only)
More information on each of the above can be found via this link.
Smart Betting Club Editor
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