Systemlays - Free Sports Betting Tips

Yet again, we clarify Betting Terminology for you, our favourite readers.

SP stands for Starting Price, or the odds of a horse at the start of the race.

This is worked out on the course where the race takes place, by an official who looks at the odds (or price) which is generally being offered by the on-course bookmakers, just before the race starts.

When placing a bet, you often get the opportunity to “take a price” – keep that which is offered at the time – or to “bet at SP” the Starting Price, which is the same across the board. Whether or not you do this depends on whether you want to be certain of your potential returns at the time of betting or not. It would also depend on whether or not you think it likely the price will get higher (“go out”, “drift”) or whether it will get smaller (“come in” or “shorten”).

That’s enough jargon busted for one post.