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Betvictor launch £500 lay-to-lose guarantee

22nd August 2018 / lee

There is a new feature at BetVictor, which is a lay-to-lose guarantee on every race in Britain and Ireland. The new initiative that was launched this week, makes the operator the first of the major online betting firms to offer such coverage.

It means that customers at BetVictor will have the opportunity to win up to £500 by selecting a Guaranteed Bet option.

The option applies to win and the win part of a each-way single bets placed after 11 am on the day of the race. The option is also available on any grade of race. While there are other operators out there offering a similar option, it has only been available in shops, not through online betting until now.

BetVictor offer the initiative after discussions with the Horse Racing Bettors Forum who have been trying to tackle complaints about betting restrictions and the closure of winning accounts. Bet Victor indicated in a later tweet they could review their policy.

BetVictor director of sportsbook Matt Scarrott said: “We entered dialogue with the Horse Racing Bettors Forum earlier this year and this project is something we’ve 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.”

HBF chairman Matt Bisogno said: “HBF welcomes the news that BetVictor have 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.”

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* All mentioned odds were valid at the time of writing. Betting odds are subject to fluctuations. Please check the current odds with the respective bookmaker!

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