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starting price
/stˈɑːɹɾɪŋ pɹˈaɪs/
/stˈɑːtɪŋ pɹˈaɪs/
SPStarting price
01
the odds or price at which a horse or other competitor is valued at the start of a race or event, as determined by the bookmaker or betting exchange
What is "starting price"?
Starting price (SP) is the odds at which a horse or other participant in a race is offered to bettors just before the race begins. These odds are determined by the betting market, based on the amount of money wagered on each contender. The starting price is used in some betting systems to settle bets if the odds were not available at the time the wager was placed. It reflects the collective opinion of the betting public about the chances of each participant, and it can change up to the start of the race as more money is wagered.
Examples
The horse was a favorite at the starting price, but it finished in fourth place.
I decided to bet on the long shot, even though the starting price was quite high.
