Understanding betting terminologies is crucial for anyone interested in sports betting. One of the common terms that punters may come across is BOG, which stands for "Best Odds Guaranteed". This term is primarily used in horse racing and greyhound betting. Keep reading this Wizard Slots blog post to find out more.
BOG Betting Meaning Explained
In essence, Best Odds Guaranteed (BOG) is an offer provided by some bookmakers aimed at ensuring bettors receive the best possible odds for their bets. This means if the starting price (SP) is higher than the early price (EP) that you've taken, you'll be paid out at the higher odds, if successful.
Conversely, if the EP is higher than the SP, you would still get the higher EP. This feature allows you to maximise your potential profits without the need to predict market fluctuations.
It’s worth noting that BOG offers are predominantly found in UK and Irish bookmakers, although some international bookmakers have also started offering them due to their popularity. So, it may be a good idea to check before placing any bets.
How Does Best Odds Guaranteed Work?
When you place a bet using a BOG offer, the potential payout of your bet is automatically adjusted based on the starting price (SP).
Let us present a simple example. Assume you've placed a bet on a horse at early odds of 6/1. However, as the race commences, the odds shift to 8/1. If your selected horse wins, the bookmaker will pay you out at the higher odds of 8/1, thanks to the BOG offer.
On the other hand, if you've placed a bet at 6/1, and the odds drop to 4/1 as the race starts, you'll still be paid out at the early odds of 6/1 if your horse wins.
This way, BOG ensures that you always get the best odds, regardless of how they fluctuate after your bet is placed.
However, each bookmaker may have specific terms and conditions associated with their BOG offers, such as a maximum limit on the stake, or the time frame during which the offer is applicable. Therefore, it may be best to read the fine print before placing a bet.
What Time Does Best Odds Guaranteed Start?
The timing of when BOG offers start can vary among bookmakers. Some bookmakers may offer BOG from the night before the race, while others might only provide this offer from the morning of the race.
Typically, BOG offers are available from around 8 am to 10 am on the day of the race. However, it may be best to check the specific terms and conditions of the bookmaker for their BOG policy.
Remember, some bookmakers might also offer BOG on international races, or on multiple bets. Be sure to confirm these details with your bookmaker of choice.
In conclusion, Best Odds Guaranteed can potentially be a beneficial offer for bettors, particularly those interested in horse racing or greyhound racing. Understanding how BOG works may enhance your betting experience.
While it might seem complex at first, with a bit of experience and understanding, you'll soon find that it's a relatively straightforward concept.
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