A minimum odds requirement is the shortest price a bet can carry and still count for a promotion: for example, a bonus bet with a $1.80 minimum cannot go on a selection shorter than $1.80. The same floor appears on qualifying bets, boosts and refunds across betting promotions in Australia.
The bookmaker sets it and decides whether a bet meets it. A bet a cent under it earns nothing from the promotion, yet carries all its usual risk.
How a minimum odds requirement is applied
The terms decide which price is tested, so check four things:
- Whether a price exactly at the minimum counts.
- How a multi or an each way bet is tested.
- Whether a starting price, tote or boosted price can count.
- That the accepted price, not just the one you clicked, still meets the minimum.
What the minimum does to a bonus bet's value
A stake-not-returned bonus bet holds more of its value at longer prices, where the missing stake is a smaller slice of the payout. At a fair price it keeps 1 - 1 / odds of its face value, so a $1.80 minimum only rules out prices where it would keep under 1 - 1 / 1.80 = 44.4%. A floor that low rarely binds, and the best way to use bonus bets weighs longer prices against how often they lose.
A high minimum is different: a $5.00 floor forces a selection that wins at most one time in five at a fair price, so an unhedged bonus bet pays nothing at least four times in five.
What the minimum does to qualifying bets and turnover
On a cash qualifying bet a minimum price usually costs more, because longer prices sit further apart on the exchange and commission costs more as the price lengthens. With illustrative prices, each laid one step above the back price at an illustrative 4% commission, $150 of qualifying bets costs:
| Back price | Lay price | Lay stake | Qualifying loss | Lay liability |
|---|---|---|---|---|
| $1.50 | $1.51 | $153.06 | $3.06 | $78.06 |
| $3.00 | $3.05 | $149.50 | $6.48 | $306.48 |
| $6.00 | $6.20 | $146.10 | $9.72 to $9.74 | $759.72 |
Results a cent or two apart come from rounding lay stakes to the cent. The middle row: lay stake = 150 x 3.00 / (3.05 - 0.04) = $149.50 and liability = 149.50 x 2.05 = $306.48. If the selection loses, the loss is 150 - 149.50 x 0.96 = $6.48. So the $3.00 minimum costs about twice what $1.50 would, and ties up about four times the exchange money. The back lay calculator runs the same sums at your own prices and rate.
If those bets earn a $20 bonus bet worth an assumed 72%, or $14.40, the $3.00 minimum leaves about $7.92 on paper and the $6.00 minimum about $4.66. The national framework's turnover rule covers bonus bet winnings, which must be withdrawable without any turnover requirement. Betting turnover requirements covers the other kinds.
Risk: Betting involves risk. These figures assume every lay is matched in full at the table's price, and a bonus bet that loses pays nothing. See responsible gambling for limits and support.
Minimum odds and your own odds range in B337
In B337's Classic Racing, run under Full Automation, a bonus bet goes on only inside the odds range you set, and only when its conversion against the Betfair price clears your threshold. That range is your own rule; the bookmaker's minimum still applies. Nothing is placed while your computer is off, the team agrees Full Automation's price with you before payment, and bets use credits. Bookmaker and exchange names are trade marks of their owners. B337 is not affiliated with them.
For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au.
Risk: Betting involves risk. Many bookmakers restrict automated betting in their terms and can limit stakes, void bets or close accounts. See responsible gambling for limits and support.