SkyBet offers ‘minimum bet’ guarantee on horse racing5th September 2018 / lee
Following suit of other online operators such as BetVictor, Betfair Sportsbook and William Hill, SkyBet are now offering a minimum bet guarantee on horse racing. Sky Bet, who are one of the biggest online betting operators in the UK, also boast one of the highest turnovers in horse racing betting.
The operator is now offering at least a partial ‘minimum bet’ guarantee to their customers as they will lay any horse to lose at least £500 in a Class One or Class Two race from 10 o’clock on the morning of the race.
So it is a very similar offering in that regard to what other operators like BetVictor (who were the first) have recently installed. Now even customers at Sky Bet who have had account restrictions in place will be able to place win single bets to win up to £500, or a maximum of £500 at even money, or £50 at 10-1.
There are terms and conditions which we encourage readers to fully check out at the Sky Bet website, including the offer covering only the win part of each-way bets and not multiples. There will be further limitations placed on the number of races that it gets applied to each day as it stands. The day after the new product was launched, it was applied to just three races for the day, all of Class Two or higher to meet the offer’s conditions.
These changes have come about following a difficult couple of years for bookmakers following complaints from customers (not just at Sky Bet but all online operators) about having their accounts restricted in recent years. Bookmakers tend to not close accounts of customers who show to have betting patterns such as consistently beating starting prices, but lower the amount of stake that can be played down to pennies on racing or any other sport where a punter could hope to beat the market.
A spokesman for website Justice For Punters has welcomed the moves by Sky Bet and other operators to lifting restrictions, made a nod towards the Gambling Commission needing to do more for the protection of punters, by ensuring there are similar rules across sports at all online operators.
“Bookies are slowly waking up to the unfairness and bad publicity that surrounds banning every savvy punter,” Chappell said. “Crucially, the Department for Digital, Culture, Media and Sport and the Gambling Commission haven’t, thus punters will have to wait a long time for truly fair trading, despite a few bookies making limited progress.”
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