Virgin Bet Best Odds Guaranteed Promotion Explained

Virgin Bet Promotion

Virgin Bet offers a Best Odds Guaranteed promotion on qualifying bets for UK and Irish horse racing. In simple terms, if you take a price on an eligible selection and the Starting Price is bigger at the off, the bet is settled at the bigger SP instead.

The source terms also note an update to the promotion timing: the qualifying start time moved from 9.00am to 10.00am, with that change taking effect from 4 April 2023.

Offer Overview

This promotion applies to members of Virgin Bet who are aged 18 or over, resident in Great Britain and located in Great Britain when taking part.

To qualify, the bet must include one or more win or each-way selections on UK or Irish horse racing, and it must be placed after 10.00am UK time on the day of the race. If the SP is greater than the original price taken on a qualifying selection, Virgin Bet says it will pay out at SP for that selection.

There is also a daily cap on the enhancement from the offer. The maximum increase in returns is limited to £50,000 per member per day.

How It Works

The promotion is built around the difference between the odds you take when placing the bet and the official Starting Price.

If you place an eligible win or each-way bet after 10.00am on race day on a UK or Irish horse race, Virgin Bet compares your taken price with the SP at the start of the race. Where the SP is bigger, the selection is settled at that bigger price.

The source text defines SP as the price available for the horse at the start of the race.

If a Rule 4 deduction applies, Virgin Bet states that the relevant selection will be settled after that deduction has been applied.

Key Terms to Know

Only certain bets count as qualifying bets. The following are excluded from the promotion:

• ante-post bets
• in-running bets
• derived markets
• cashed out bets
• voided bets

The offer is also discretionary. Virgin Bet reserves the right to restrict bonus availability for a member at any time and for any reason, although the terms say this would not affect qualifying bets already placed and accepted before the member is notified.

Members who are self-excluded are not eligible. The terms also say that if a member self-excludes during the promotion period, or after that period but before any bonus is credited, they will not receive the bonus.

Virgin Bet states that deposit balance, excluding non-withdrawable bonuses such as free bet tokens, and winnings including this bonus are withdrawable at any time during the offer, subject to its wider terms and any temporary payment holds allowed under those terms.

As with any bookmaker promotion, this one sits alongside the Virgin Bet Bonus Rules and general terms and conditions.

Who This Promotion Suits

This offer is most relevant for horse racing bettors who place standard win or each-way bets on the day of the race rather than betting ante-post or in running.

It may suit punters who want some protection if the market drifts after they have taken an early same-day price, especially on UK and Irish racing. It is less useful for anyone mainly using excluded bet types such as ante-post, cash out or in-play betting.

Final Word

Virgin Bet's Best Odds Guaranteed promotion is a straightforward racing offer: place an eligible win or each-way bet after 10.00am on race day, and if the SP is bigger than the price you took, the bet is settled at SP.

The main points to watch are the race-day timing, the excluded bet types, the Great Britain location and residency requirement, and the £50,000 daily cap on any uplift in returns. If those conditions fit how you bet on racing, this is a practical promotion rather than an especially complex one.