BSP and Industry SP

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BSP and Industry SP

Postby StuT » Tue Jul 06, 2021 11:46 pm

Hi there,

Does anyone know if the BSP calculation has changed recently?

I read somewhere that the Starting Price Regulatory Committee have confirmed it will no longer calculate the Industry SP from racecourse betting rings and will continue to use major off-course betting firms even when crowds return.

https://www.theguardian.com/sport/2021/ ... oth-worlds


Would this affect how the BSP is calculated ?
StuT
 
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Re: BSP and Industry SP

Postby MarkRussell » Wed Jul 07, 2021 10:21 am

Hi,

Here is what Betfair say about how their SP is calculated:-

Unlike other bookmakers’ Starting Price, the Betfair Starting Price will be determined by balancing bets from customers who want to back and lay, so because it’s other customers placing the bets and because there is no margin for profit built in, you are far more likely to have better odds than the bookies’ SP.

The Betfair Starting Price will be calculated exactly to ensure the fairest and most transparent odds possible for both backers and layers. The Betfair Starting Price does not need to account for a profit margin but instead is calculated at the start of an event by looking at the relationship between the amounts of money requested at SP by opposing customers and by looking at unmatched Exchange bets.


Regards,
Mark
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Re: BSP and Industry SP

Postby StuT » Wed Jul 07, 2021 12:19 pm

Hi Mark,

Thanks for your reply.

So I suspect that the Industry SP has no bearing on the BSP calculation.
StuT
 
Posts: 87
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