{"id":2606,"date":"2021-08-02T16:52:45","date_gmt":"2021-08-02T16:52:45","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=2606"},"modified":"2022-12-28T11:14:55","modified_gmt":"2022-12-28T11:14:55","slug":"what-is-the-starting-price","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/what-is-the-starting-price\/","title":{"rendered":"What Is The Starting Price?"},"content":{"rendered":"
Those without a huge experience of the world of betting will doubtless have read about the Starting Price in relation to horse racing, but that doesn\u2019t meant that they\u2019ll necessarily know what it is. In essence, the Starting Price is the odds available on a horse just as a race is about to begin. How it is calculated is slightly confusing, but generally speaking the price is taken from a group of on-course bookmakers.<\/p>\n
As well as not understanding what a Starting Price is, it\u2019s also entirely fair for some people to wonder why it\u2019s even available as an option. The answer to that comes in the form of the price available on horses moving up and down according to a number of factors. As a result, it\u2019s just as possible for a horse\u2019s price to go out as a race approaches as it is for it to come in, meaning that people will sometimes choose to take a risk on it.<\/p>\n
When you bet on something, there are a pair of different prices offered by bookmakers that you can choose to take. The first is the price at the time that you\u2019re looking to place your wager, whilst the second is the Starting Price. Let\u2019s imagine that you\u2019re thinking of betting on a horse race that gets off at 16.20 on a Tuesday afternoon. You logon to your online bookmaker of choice at 11.45 and see that you\u2019re being offered odds of 5\/1.<\/p>\n
Your research suggests<\/a> that the horse in question has a true value of 3\/1, so you place your bet in the hope that the odds are as good as they\u2019re going to be. As the day goes on, few punters agree with you on the prospects of your chosen horse and are instead betting on various other ones. As a result, the odds on the horse actually drift out to 7\/1 in the moments before the race begins, meaning that you missed out on some value.<\/p>\n If, when you were placing your bet, you\u2019d chosen to select the option labelled SP on your bookie\u2019s website then you might well have been the receiving end of longer odds than you actually were. On the other hand, it\u2019s just as possible that loads of people bet on the horse, causing the bookies to pull its price down until it actually went off at odds of 3\/2, meaning taking the bet at the time you were offered it was the right thing to do.<\/p>\nHow The Starting Price Is Calculated<\/h2>\n