Horse racing betting is thrilling, especially when you know how to leverage common promotions to your advantage. Promotions such as Extra Places, Best Odds Guaranteed and Price Boosts can significantly increase your betting returns if done properly. This article will explore these three promotions, explaining what they are, how they work, and how you can implement them into your betting strategy to reap their benefits.
Extra Places
Extra places refers to when bookies pay out more places than the standard terms in an each-way race. For example, instead of paying out on the first three places, a bookmaker might pay out on the first four or five places for a particular race.
By extending the number of places, extra place offers improve your chances of getting a return on your bet. Even if your horse doesn’t win, it has a better chance of finishing within the place terms, providing a higher probability of winning some money back.
Different bookmakers offer extra places on various races, so it’s recommended to sign up with several. You can then compare them on odds comparison sites to get the best price and place terms for a particular race or horse, rather than hopping between multiple betting sites to find the best deals.
Best Odds Guaranteed
Best Odds Guaranteed (BOG) means a bookmaker is promising that if you take an early price on a horse and the Starting Price (SP) is bigger, they will pay you out at the bigger odds. For example, if you take an early price of 4/1 and the SP is 5/1, you will be paid out at 5/1.
BOG removes the risk of missing out on better odds, as you are guaranteed the highest payout between the price you took and the SP which can lead to higher returns.
To take advantage of these promotions, place your bets early to lock in good prices knowing that you’ll still benefit if the odds improve. There are plenty of bookies offering best odds guaranteed so make sure this is something they regularly offer before signing up.
Price Boosts
Price boosts enhance the odds on a particular horse or horse racing event so you can win more money than you would at the standard odds.
For instance, if the regular odds on a horse is 3/1 and the bookmaker offers a price boost to 4/1, a £10 bet would yield £40 instead of £30. These boosts offer another way to increase your winnings over time.
Different bookmakers provide different boosts, so this is another reason to have several account with different bookies.
Conclusion
Leveraging betting promotions such as Extra Places, Best Odds Guaranteed, and Price Boosts can significantly enhance your horse racing betting strategy. By understanding how these promotions work and applying the suggested strategies, you can increase your chances of winning and maximise your returns. However, it’s important to consider other key factors that can impact race outcomes, such as track conditions and the historical performance and form of the horses. Additionally, following news from expert tipsters can provide valuable insights and further refine your betting strategy. Always remember to bet responsibly and enjoy the excitement that comes with making the most of these valuable offers.
Suzanne Ashton, Founder of Everything Horse (Est, 2012), has a BA Hons in Marketing Management and a Diploma in Equine Science. Suzanne has ridden and owned horses all her life and has twelve years of experience in marketing, writing, design, SEO, and website creation.