The world of sports betting is highly competitive, and as such bookmakers will offer generous guarantees in order to attract customers. One such guarantee is known as BOG, or Best Odds Guaranteed. This concession states, very simply, that the best odds for wagers will always be paid out, regardless of volatility in the market.

Best Odds Guaranteed is an effort by bookmakers to assure customers that they will not feel cheated at a later stage, regardless of how the market may later fluctuate. It should always be kept in mind if a particular bookie offers this guarantee, especially in the world of horse racing where odds may sway drastically at any given moment.

How Does It Work?

When placing a bet in horse racing, the odds at the time of the bet being staked may be something like 1/10. This would mean that a bet of $1 would payout $10, which is an excellent proposition. However, once the money has already been handed over those odds may drift one way or the other. So even if the bet was placed at 1/10 odds, payout may only land up being 1/5, depending on circumstances.

Best Odd Guaranteed means that regardless of the odds drifting, the payout will always be the best for that wager, guaranteed. Should the numbers slide to being more beneficial, the payout will include that change. If the odds slide lower, the payout will not include that change.

Why Do Odds Vary?

There is a vast number of reasons that odds change in the world of bookies. It may be due to an injury, rain, or any other such factor, all of which can drastically alter how an event will play out. If, for example, a star player is injured in a football team it only makes sense that the team’s chances of winning will plummet, and odds should be changed to reflect this.

It is only rational for bookies to alter odds as situations unfold, given that the organisation could land up having to pay out a fortune due to circumstances outside of their control. Even still, a Best Odds Guaranteed deal ensures that the punter never feels like they are being cheated.

Is It An Edge?

It is, of course, an enormous edge to have a bookmaker guarantee you the best odds. Those who take sports betting seriously will often not place down bets unless they are given this concession. Though, only certain bookmakers offer this deal, given the complicated circumstances it involves.

In the world of horse racing extremely unpredictable circumstances may alter events, and it can be a challenge to keep the situation under control, and provide cemented rules for customers.

Are There Limitations?

Yes, Best Odds Guaranteed arrangements have limitations in place. In extreme circumstances, it is necessary for organisations to provide a cut off to how much additional money can be paid out, assuming that odds climb dramatically after an original wager is placed.

Checking the terms and conditions at a bookmaker’s site will explain what limitations are in place.

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