Starting Price (SP)
Quick question for all of you who have more experience in the horses than me -
Is there an industry standard level for the SP? For instance, would a bet at Ladbrokes SP pay the same as a bet at Hills/Corals/365 SP? Alternatively, does each bookmaker determine their SP based on their existing liabilities in the race in question?
I am tempted to have a shot at the Ladbrokes "SP boost" offer, but having never bet at SP before, I am a little wary.
Cheers in advance for any advice.
No industry standard for SP. Bookmakers as you say set their own and would be very similar if not exactly the same as the current odds they have a second before the race starts. Unless someone comes and whacks a massive great amount of money on a horse seconds before the off.
Feel free to correct me if I'm wrong
Official SPs come from the on-course bookmakers, like a consensus of what's available at the time of the off. That official SP provides the industry with a price to pay out at but some books now have their own SP system. Bluesq is an example of this, so if you take Bluesq SP (which means you accept their final price before the off) and it turned out to be 40/1 yet the official SP was 33/1, you get paid @ 40/1. Kinda not answered your questions... in this case, yes I would assume that Bluesq would come to their final price because of the proceeding action on the market. I believe the SP boost from Ladbrokes simply takes the official SP and bumps it to the next odds level. So, because of all these bonus systems, SPs can pay out differently depending on where you bet but technically speaking all would pay out the same if only implementing the more traditional system of going off the official SP.
I think you're wrong
Originally Posted by frosty85
musicbox's answer is how I understand it. All bookies SP will be the same, apart from those that state it isn't (bluesq for example (and betfair))
There is an industry standard SP, though a couple of books like Bluesquare have their own which claims to be better.
The SP can be got by going to sportinglife.com/racing/liveshows. The SP is shown there seconds after the off.
Have to admit I wish I'd done a bit more homework on SPs before a mistake I made at the weekend.
Was trying to place qualifier at BetUK and was struggling with the crap odds. Finally found a half decent match but just after placed back, the odds shifted at BF. I decided to ride it and see what happens as the odds at BetUK had also drifted and I knew that they had guaranteed best odds. Race started and their final odds before the market closed were 3.5. Immediatley my horse went up in to the lead and odds dropped down so I stuck in a fully underlaid bet assuming worst case scenario would be an SP of 3. Of course the horse won but the industry SP was just 2.75 and I ended up losing £12, obviously not a huge amount but a real annoyance none-the-less. Final profit at BetUK was a measly £7.47 which even given their shocking odds must be a record low!!!
Thanks very much for the advice guys.
I was hoping it would be an industry standard thing. Seems a bit too easy for a bookie to shaft you if they set their own SP's (not that I am paranoid).
I checked the BlueSq SP Guarantee, for anybody who want info on that the link is here
Anybody know of other bookies who offer variations on the standard SP?
Canbet have SP+, but its only available on Multiples, but you could stick Federer to win an early round tennis match at 1.01 in there as the other to "get around" it. Overall it ended up being more trouble than it was worth though.
Have a plan and stick to it
Yes as mentioned as far as I know there is an industry SP that is set at the time the race actually starts. I always found the Betfair (timeform) site actually quite good for looking up the ISP vs BSP (betfair SP) - BSP in itself is a kind of BOG best odds guaranteed price, although occasionally the prices are worse than the ISP.
Betfair Horse Racing Form powered by Timeform (click on 'results')
I thought it was for a standard single win too... at least I hoped it was as I place about 20 bets a month there on SP+!
Originally Posted by Andy
"SP+ is the final payout offered by Canbet at the close of betting that always guarantees to pay higher than the official Bookmakers' Starting Price (SP). Available for Win, Forecast, Tricast and Multiple betting."
The race pages say Multiple betting only at SP+ which I thought meant that you couldn't multiple bet at fixed prices or something (like you compile the multiple by added the SP+ prices)... now I'm not sure. I've certainly placed loads of SP+ single wins anyway.