If you are a newbie to the world of horse racing and keen to learn the terms and techniques of horse betting, here are a few betting terms explained that may help your cause.
SP is the shortened form of Starting Prices. SP are the odds on offer before the race begins. If a price has not been taken then SP are used with a view to settle bets.
Early Prices usually applies to betting on horse races. These prices are the fixed odds prices which the online bookmakers offer right before the race begins. These prices are offered by the online bookmakers with a view to give you the opportunity to place a bet on a horse in the morning of a race. Early Prices are generally on offer from approximately 10 am to about 20 minutes before the race starts.
Board Prices are on offer approximately 15 minutes before the off-time reflecting the betting market right from the racetrack. These prices are in fact the fixed odds prices. Betting shops around the country receive these odds.
Ante-post betting generally takes place days, weeks or even months before the actual race day. In horse racing, ante-post betting generally remains open until the day before the race. Bookmakers claim that they churn out pretty little money out of the ante-post betting market and run it mainly because of the public attention that it garners.
Betting forecast prices
Betting forecast prices are featured in majority of the newspaper race cards and forecasts probable betting odds. These are the most likely betting odds.