With the advent of the popular best odds guaranteed promotion that is now offered by the vast majority of betting sites, there is little reason to back the horse at SP during some of the races at Glorious Goodwood.
Why would I bet using the SP instead of fixed odds?īookmakers will now normally offer the punter the choice of either backing a horse at the odds quoted when you make the bet (taking a price), or backing the horse at the SP. You can back the SP for a lot of the horses running at this year’s Glorious Goodwood, where there are five days of racing to look forward to during the meeting. However, if there are no bookmakers actually at the track, the Starting Price Regulatory Commission (SPRC) turns to a selected list of online bookmakers to compute the SP. In the United Kingdom, this process involves arranging the SP offered by on-course bookmakers in ascending order and dividing them into two equal parts, where the SP is the shortest price from the half that provides the lengthiest odds.
Traditionally, determining the starting price (SP) for horse races has involved a group of officials on the course, basing their calculations on the offers available with fixed-odds bookmakers physically present at the event.
