What Does SP Mean At Bookmakers?

If you're stepping into the world of sports betting, the jargon can be tricky. online bookies Here at Which Bookie, we're committed to clarity. A common area of confusion is SP. What does 'SP' stand for, and how does it influence your wagers? Let's explore.

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What Does SP Mean in Horse Racing?

SP, or 'starting price,' reflects the odds a horse carries as the race begins. These figures originate from odds set by on-course bookmakers where the race is held. Officials gather and average these odds which can vary until the race starts. In the absence of enough on-course bookmakers, the Starting Price Regulatory Commission (SPRC) calculates the SP using a list of online bookmakers.

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How is SP Calculated in Horse Racing?

The SP is calculated from odds offered on horses at the racecourse. SP Officials use this data to form an overall odds picture. As more money is wagered on a horse, its odds shorten, and vice-versa.

SP vs Fixed Odds

In horse racing, punters can choose between starting price (SP) and fixed odds. As discussed, SP is shaped by wagering activity until race start. Conversely, fixed odds are locked in when the bet is made and remain unchanged regardless of betting activity.

Opting to bet at SP offers the potential advantage of drifting odds, possibly resulting in higher returns than fixed odds if your horse wins.

On the other hand, betting at fixed odds gives certainty, allowing for better planning. However, if the SP surpasses your fixed odds, your payout diminishes.

Почему на карточке заезда показан только SP?

You'll often notice SP on betting coupons or slips at venues, букмекер по скачкам such as in this Bet365 racecard example where SP is listed instead of specific odds.

SP appears when race odds aren't available due to timing. In such scenarios, SP takes the role until odds can be confirmed at race commencement.

Стоит ли брать SP или фиксированные коэффициенты?

Faced with a choice between fixed odds or SP, bettors often deliberate the better option. Without foresight, it's impossible to predict if odds will rise or shrink.

Fortunately, many bookies offer a 'Best Odds Guaranteed' promotion. This benefit ensures that if SP exceeds your fixed odds, you'll receive payouts at the more favorable rate. Explore our comprehensive list of bookmakers providing Best Odds Guaranteed and ensure you wager with them!

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SP в гонках на борзых

Starting Prices aren't limited to horse racing. You'll encounter SP listings in greyhound racing, often lasting longer than horse racing.

Greyhound odds typically become available a few hours before the race, with SP quoted until then.

Similar to horse racing, greyhound odds shift leading up to the race and are often less stable due to fewer total wagers.

Choosing SP or fixed odds on greyhound bets is a personal decision, with odds potentially drifting either way.

When betting at fixed odds, it's smart to select bookies with the best odds guaranteed on greyhound races, protecting you if odds do fluctuate.