Betting Starting Price Explained
The starting price relates to the odds on fixed-odds betting at the time of a race start. The way this is calculated varies with location, but is it generally done through consensus of an appointed panel through their observations and knowledge of the race.
Some bookmakers will offer best odds guaranteed, which relates to fixed-odds betting. If a fixed-odds bet is made and the starting price gives better odds for the punter, the bookmaker will honour this and alter the odds to match this change. This results in a better bet for the punter and is often used as an incentive to encourage hesitant punters.
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