Settlement & rulesGlossary
Starting price
Also known as: SP
The price at which a horse (or dog) is officially returned at the start of a race, set by an industry panel based on the off-course bookmaker market in the moments before the off. UK punters can bet at SP, meaning settlement uses whatever the official SP turns out to be. Useful when an early price doesn't look generous; risky when the market has shortened since you intended to bet.