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.