UK online gambling operator Sky Betting & Gaming (SB&G) has become the latest to offer a ‘minimum bet to win’ guarantee to all race betting punters, although some conditions apply.

On Monday, SB&G confirmed that it will now lay any horse to lose at least £500, provided the wager is made after 10am on the morning of the race. The guarantee also only applies to Class One or Two races, only covers the win portion of each-way bets and doesn’t apply to multiples.

SB&G’s announcement follows similar pledges from major UK bookmakers such as Betfair, BetVictor and William Hill, each of which have their own fine print to consider, but SB&G’s race betting business is believed to eclipse all those other operators, making this very good news for UK race bettors indeed.

The push for an industry-wide minimum bet limit (MBL) came via the imposition of a similar scheme in Australia’s racing market in 2015. Bettors’ rights groups such as the Horseracing Bettors Forum (HBF) and Justice For Punters soon began advocating for similar treatment from UK betting operators.