Sky Bet customers can back their selections to win £500 in those races – with the guarantee in place from 10am on the day of the race. It applies to win only singles on the main standard win market of each relevant race.

The first time the new offer will come into place for all Sky Bet customers is on Tuesday September 4 where Goodwood host three Class 2 races.

Michael Shinners, Sky Bet Racing PR Manager, said: “We already offer a very competitive racing package with extra places and price boosts and the Guaranteed Minimum Bet will hopefully prove popular with existing and potential customers.”