What is sp in horse betting

* Does not include invite only offers or offers involved in the more advanced matched betting methods. Figure shown requires a full set of unrestricted accounts. What does sp mean betting If you are new to horse racing and are interested in placing a bet, you may be wondering “what does ‘SP’ mean in horse racing”? This is because you will see it quite often next to a horse’s odds when choosing which horses to back.

Secondly, as a business, the Tote do not set the odds that you’ll get when backing a horse like a traditional bookmaker would. The returns on any winning bet is determined by the number of people that have backed that particular horse. Therefore, betting on a horse that is less popular is ideal as it will mean a bigger winning dividend should it triumph. Off Track Betting In horse racing, there are two types of odds that punters can bet on: starting price (SP) and fixed odds. As we have already discussed, the starting price is determined based on the amount of money wagered on each horse in the on course betting markets and can fluctuate up until the race commences. In contrast, fixed odds are set by the bookmaker at the time the bet is placed and do not change once the bet is placed regardless of how much money is bet on each horse.

In the most simple terms, ‘SP’ ultimately means the available odds on a horse at the start of the race in which it is running. Betting with the Tote What Does 'SP' Mean in Betting? Demystifying the Starting Price

If you are less certain that your horse will finish first in the race, or you would just like some insurance on your bet, you can change your bet to an Each Way (E/W) bet. If you choose to make your selection an Each Way bet, it essentially doubles your stake and turns your one bet in to two – one part of the bet is on the horse to win the race, with the other part being a bet on the horse to ‘place’, or to finish within a certain amount of runners at the front of the field, at a set fraction of the horses Win odds. Here is an example: Race Betting Terms In each country where horse racing takes place, the starting price, or SP, is computed differently, but on-course bookmakers' pricing data from racetracks will be monitored by the SPRC.