The show was promoted as TNA's premier PPV event and their equivalent to the rival World Wrestling Entertainment's (WWE) WrestleMania.

In other prominent matches, Jeff Jarrett defeated Kurt Angle, Booker T defeated AJ Styles and Christian Cage in a Three Way War, Beer Money, Inc. (James Storm and Bobby Roode) defeated The Latin American Xchange (Hernandez and Homicide), Abyss and Matt Morgan, and Team 3D (Brother Devon and Brother Ray) to retain the TNA World Tag Team Championship, and in the opening contest, Jay Lethal defeated Alex Shelley, Chris Sabin, Curry Man, Jimmy Rave, Johnny Devine, Petey Williams, Shark Boy, Sonjay Dutt and Super Eric in a Steel Asylum to determine the #1 contender to the Impact X Division Championship.

[8] TNA issued a press release on June 9 regarding Bound for Glory, announcing it would be held at the Sears Centre in Hoffman Estates, Illinois, a suburb of Chicago.

[11] TNA advertised recently signed wrestler Mick Foley for their Total Nonstop InterAction event held at the Hyatt Regency in Rosemont, Illinois, with it selling out shortly afterwards.

[12][13] The Wrestling Observer Newsletter reported that TNA had received the largest crowd for a Total Nonstop InterAction event up to that point.

[16] Bound for Glory is considered by TNA to be their equivalent to the National Football League's Super Bowl or rival World Wrestling Entertainment's WrestleMania event.

[10] As such, TNA used an extensive marketing campaign that involved several wrestlers dressing up as gangsters from the 1920s and 1930s era of Chicago to promote the show since it is the biggest event the company holds annually.

[26] Following No Surrender on the September 18 episode of Impact!, Sting discussed his actions further, stating that when he was younger he learned from the veterans in the industry and that Joe and Styles had been disrespectful in their rivalries with Booker T and Angle.

Jarrett responded to Sting's comments later in the show, stating that the issue was not about disrespect, it was about the veterans in the company not wanting to retire and let the younger wrestlers be stars.

[30][31] Sting and Joe signed the contract for their encounter on the October 9 episode of Impact!, with the stipulation added that there would be no rematch between the two after the event regardless of the outcome.

[30][31] This led to the October 9 episode of Impact!, when Management Director Jim Cornette announced that Booker T versus Styles with Cage as Special Guest Referee would be the main event of that telecast to settle the issue.

On the September 18 episode of Impact!, Matt Morgan announced that TNA were holding a Tag Team Invitational Tournament at Bound for Glory and that he had signed up himself and his partner Abyss for the contest.

[30][31][35] TNA issued a press release announcing that Steve McMichael would be the Special Guest Referee for this match after it was promoted for the event.

[26] On the October 9 episode of Impact!, Creed won a Four Way match to challenge Bashir for the title at Bound for Glory, defeating Sonjay Dutt, Williams, and Jay Lethal in the process.

Andrew Thomas, Earl Hebner, Rudy Charles, Mark "Slick" Johnson, Traci Brooks, and Steve McMichael participated as referees for the encounters.

[39] The opening televised contest of Bound for Glory was the Steel Asylum to determine the number one contender to the TNA X Division Championship.

There were ten participants in this contest; those involved were Alex Shelley, Chris Sabin, Curry Man, Jay Lethal, Jimmy Rave, Johnny Devine, Petey Williams, Shark Boy, Sonjay Dutt, and Super Eric.

This bout was contested under no count-outs and no disqualification rules with weapons legal and the only way to win was for a competitor to either pin or make another wrestler submit.

[40] The seventh match of the show pitted Jeff Jarrett against Kurt Angle, with Mick Foley serving as the Special Ringside Enforcer.

Jarrett followed up by bashing a guitar over Angle's head and covering for a pinfall that Foley counted to win the match at 20 minutes and 7 seconds.

[49] Rival World Wrestling Entertainment (WWE) produced two PPV events in October that competed against Bound for Glory IV.

They felt the Jarrett versus Angle contest was a "great match with lots of close calls and near falls", while the Three Way War they considered was "pretty good".

[39] The X Division Championship contest got 2 1/4 stars with Keller commenting that it "started okay" with the middle being a "little too slow" and that the "build to the finish was solid" but the "actual pin was sloppy".

[39] James Caldwell, also of the Pro Wrestling Torch Newsletter, posted a review of the show rating the matches on the same scale as Keller.

[40] Caldwell called the Monster's Ball match a "heck of a stunt brawl" that "came off pretty well with tons of energy" before giving it 3 1/2 stars.

[43] Wilkenfeld compared the event against "normal TNA PPV standards" with Bound for Glory IV being a "pretty good outing", giving it either a "B+, or maybe even an A−" as an average show but since it was Bound for Glory the bar was raised higher so he only gave it a C.[43] He called Samoa Joe the "Star of the Night" for getting a "largely pro-Sting crowd behind his destructive ways".

On the October 23 episode of Impact!, the veterans in TNA formed the group The Main Event Mafia, consisting of Sting, Kurt Angle, Nash, Booker T, and Scott Steiner.

[64][65] Another encounter connected to the narrative that was advertised for Turning Point was Kurt Angle versus Abyss in a Falls Count Anywhere match.

[55] Booker T retained the championship at Turning Point, defeating Cage and causing him to join the veterans and The Main Event Mafia in the storyline.

[68] The Wrestling Observer Newsletter reported that almost all of the participants involved in the Four Way Tag Team Monster's Ball match at the show were furious over how Steve McMichael performed as the Special Guest Referee.