Betfair Sportsbook launches £500 Minimum Bet To Win Guarantee on all UK&I racing

Horse racing action at Chelmsford
All Betfair customers can bet to win £500 on any race in the UK and Ireland

Our improved guarantee means all Betfair customers can now win up to £500 on any horse in any race in the UK and Ireland...

"The guarantee will see Betfair lay to lose £500 on any horse in the Win market, to any customer, including those previously stake factored. The Guarantee applies from 10:00am on the morning of the race. All bets will be laid in the standard Betfair market at the standard market price."

The Betfair Sportsbook has today rolled out its £500 'Minimum Bet To Win Guarantee' to cover all UK and Irish racing. Betfair had previously offered the guarantee on all Class 1 and 2 races, but this marks a significant extension to the initiative throughout the entire UK and Irish Racing calendar.

As before, the guarantee will see Betfair lay to lose £500 on any horse in the Win market, to any customer, including those previously stake factored (T&Cs apply - see end of article). The Guarantee applies from 10:00am on the morning of the race. All bets will be laid in the standard Betfair market at the standard market price.

Kevin Harrington, Managing Director of Betfair said: "Betfair has always been a unique destination for keen bettors through a combination of the world's leading Exchange and a keenly priced sportsbook. In guaranteeing to lay any horse to £500 every morning, we hope it will also become the destination for any customer who has been stake factored elsewhere. Racing is in our DNA and we have huge confidence in our compilers, reflected in the wide-ranging nature of this initiative."

The move has been welcomed by the Horseracing Bettors Forum, the body created, with the assistance of the British Horseracing Authority, to represent the interests of those who bet on British racing.

Matt Bisogno, Chair of the Horseracing Bettors Forum said: "HBF welcomes the news of Betfair's commitment to a Minimum Bet Guarantee. The extensive provision and relatively early availability are positives for British (and Irish) racing bettors, and we congratulate Betfair on this significant step forward."

Betfair reserves the right to exclude customers from the guarantee who, we believe, are:

- Executing trades using automated systems or software;
- Acting in collusion with other accounts, or using multiple accounts to place qualifying bets; or
- Placing qualifying bets for the purpose of arbitrage (“arbing”). Examples of betting behaviour which indicates that a customer may be arbing includes (i) customers consistently or systematically placing qualifying bets when the price is greater than the corresponding back price on the same selection on the Betfair Exchange at the point of bet placement; and/or (ii) customers regularly cashing out qualifying bets before the race commences.

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