Gibraltar-headquartered bookmaker BetVictor has announced plans to give all customers the opportunity to win up to £500 on every UK & Ireland horse race – irrespective of the grade.
As of today, when placing a single bet as normal, customers will be presented with the option of selecting Guaranteed Bet, a new market which will give customers the chance to win up to £500 on the ‘win’ part of a single bet. The market will appear alongside existing ‘extra markets’ on any race.
Guaranteed Bet is only available on ‘win’ and ‘each way’ single bets only from 11am on the day of the race until the race starts. Thus, a £50 ‘each way’ bet on a horse at 10/1 would qualify.
Both ‘First Past the Post’ and ‘Official Result’ will be paid on the market, however, BetVictor horse racing initiatives such as Best Odds Guaranteed, Run for Your Money and additional ‘each way’ place terms will not apply to Guaranteed Bet.
Guaranteed Bet comes following discussions with the Horseracing Bettors Forum (HBF). As a business with a strong and proud horse racing heritage, BetVictor strives to be best-in-breed to ensure all horse racing bettors are given a fairer and better service.
BetVictor Director of Sportsbook Matt Scarrott said: “We are pleased to launch Guaranteed Bet, which once again shows our commitment to giving horse racing bettors the best possible value.
“We entered dialogue with the Horseracing Bettors Forum earlier this year and this project is something we have been keen to implement for a while. We believe our guarantee to include ‘each way’ bets and all race classes makes it a leading industry initiative.”
“Once we have trialled Guaranteed Bet for a short time, our plan is to review it with the intention of increasing limits and extending the timescales going forward.” said Scarrott.
HBF Chairman Matt Bisogno commented: “HBF welcomes the news that BetVictor has introduced a Guaranteed Bet provision. For the first time with a major operator, punters will be able to back any horse to win a minimum of £500 regardless of the class of race.
“Having discussed a number of issues with the team at BetVictor earlier in the year, HBF was heartened by their commitment to a fairer betting environment. Of course, actions speak louder than words, and today’s announcement is an extremely positive step forward for British and Irish racing bettors as well as a palpable demonstration of BetVictor’s commitment.
“HBF believes the Guaranteed Bet provision represents a forward-thinking approach, and we further hope it encourages other operators to enhance their offering to horse racing bettors.”
Guaranteed Bet is also available to customers that have previously held BetVictor accounts (subject to evaluation).