Horse racing is one of the oldest sports in the world and is incredibly popular, with millions of people following the races and placing bets on their favourite horses. One of the most important terms for horse racing fans to understand is Total SP, or Starting Price. In this article, we’ll explain what Total SP means in horse racing and why it’s so important.
What is Total SP?
Total SP, or Starting Price, is the price of a horse before the race begins. It is determined by the bookmakers and reflects the odds of the horse winning the race. It is expressed as a percentage and is based on the amount of money that has been bet on the horse. Total SP is an important indicator for horse racing fans as it gives them an idea of the likelihood of their chosen horse winning the race.
How is Total SP Calculated?
Total SP is calculated based on the amount of money that has been bet on the horse. The more money that has been bet on a horse, the higher the Total SP will be. This is because bookmakers want to ensure they make a profit on every race, and so they will adjust their odds accordingly.
For example, if a horse has been heavily backed by punters, then the bookmakers will increase the Total SP of the horse in order to ensure that they make a profit on the race. On the other hand, if a horse has not been backed, then the bookmakers will reduce the Total SP in order to make the horse more attractive to punters.
Why is Total SP Important?
Total SP is important for horse racing fans as it gives them an indication of the likelihood of their chosen horse winning the race. This is particularly useful for novice punters who may not have a lot of experience with horse racing. By looking at the Total SP, they can get an idea of which horses are the most likely to win.
In addition, Total SP can also help experienced punters to spot value bets. By comparing the Total SP of different horses, they can identify horses that are being backed by the public but may not actually have a good chance of winning the race. This can be an invaluable tool for experienced punters who want to find an edge over the bookmakers.
Conclusion
Total SP, or Starting Price, is an important term for horse racing fans to understand. It is the price of a horse before the race begins and is determined by the bookmakers based on the amount of money that has been bet on the horse. Total SP is important as it gives horse racing fans an indication of the likelihood of their chosen horse winning the race, and can also be used by experienced punters to spot value bets.