BetVictor enhances horse racing offering with £500 guarantee

BetVictor enhances horse racing offering with £500 guarantee

Thursday, August 23, 2018 Posted by Joseph Streeter
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The new offer will apply to every UK and Ireland race

BetVictor has guaranteed to give all customers the opportunity to win up to £500 on every UK and Ireland horse racing meetings.

The new initiative means that 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 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.

Charlie McCann, Head of Sportsbook PR at BetVictor, told TotallyGaming.com: “Guaranteed Bet gives the horseracing customer the opportunity to get a bet to win a minimum of £500 on each and every race in Britain & Ireland irrespective of the class of race from 11am on the morning of the race.

“Running alongside discussions with the HBF Chair Matt Bisogno, I think it should be said that there was recognition internally that the industry, and therefore BetVictor, needed to change and we wanted to be at the forefront of such change.”

He continued: “We want to provide the horseracing bettor with a best-of-breed service, a fair bet and we were insistent that this needed to include each way bets.

“We have already reopened a significant number of accounts of customers previously closed or restricted as a trading decision and will be reviewing both the limits and timescales of Guaranteed Bet going forward.”

Both ‘First Past the Post’ and ‘Official Result’ will be paid on the market, however, BetVictor horseracing 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 horseracing heritage, BetVictor strives to be best-in-breed to ensure all horseracing bettors are given a fairer and better service.

HBF Chairman Matt Bisogno added: “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.”

Totally Gaming says: This offer shows that BetVictor is strengthening its stance when it comes to providing strong value on horse racing markets. The fact that it includes each way bets is a positive step for horse racing punters.

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