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The method by which Click the following article are set for each runner varies in different countries. Traditionally in the UK the Starting Price for any horse in any race has been determined by the on-course bookies who determine an aggregate price or odds. Not surprisingly, their Starting Price is edged towards them making a profit.

There has recently been a lot of debate across the industry as to whether this is a fair way of calculating the SP. Many people argue that the SP should account for bets placed on the selection off-course in betting shops and online as well. Why Betfair Starting Price? 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.

This will bring up a new column in the market view allowing you to back at SP. Clicking the Betfair money back special Depth box will bring up the white columns indicating the next best prices you would have previously been able to see in the Full View.

Leaving all boxes un-ticked shows you the equivalent of continue reading Express View. Note that when you click on the name of a selection now, it opens up the betting slip to back it. If you want to see the graphs and trading table, you must click on the new graph symbol to the left of the selection. You will be informed of the odds at which your bets have been matched once the market is turned in-play and the event has started.

At this point your bet will be matched against customers who have placed an opposing bet. Your Bet Manager is now split into three colour-coded sections. Any SP bets that were showing in your Bet Manager before the race started betfair money back special be moved to the Matched Bets section once the race is in-play. The basic principle of matching bets on the Exchange is maintained betfair money back special SP continue reading. Backers are matched against layers.

In the case of Starting Price bets, we are matching Starting Price backers who have specified a stake and Exchange backers with Starting Price layers who have specified a liability and Exchange layers.

Which markets will we offer SP betting on? To start with, we betfair money back special only offer SP betting on horseracing markets. Moving forward, we plan to betfair money back special the SP option on other sports. Is there a maximum stake for SP bets? Back to top Who am I betting against at Betfair money back special The party against whom you are betting online gambling bonus you take the SP option is consistent with the main Terms and Conditions that govern your use of the site.

For example, if you are a UK customer, then any SP bet you place will be matched against another customer s. But if you are an Australian customer betting on a non-Australian event, then your counterparty is Betfair. Backers and layers at SP will therefore not know how much they could win until the start of the event.

Once the reconciliation process has taken betfair money back special, SP bets are just like normal matched Exchange bets.

They will be settled along with every other matched bet. All available money at the time is balanced to determine a fair price. This includes customers who have elected to back or lay at SP and any unmatched Exchange demand. The process of determining the SP takes place in the short period of time between the race being suspended and the race going in-play.

During that period no one at Betfair has any influence in how the price is determined. No one at Betfair has access to any privileged information on SP markets. In theory, there could be unmatched SP bets. But this would only happen if the price is 1.

If were the final SP, then some layers go here be unmatched. However, we expect this to be very rare. Back to top What are SP odds limits? SP odds limits is a new feature that allows you to specify either the minimum odds you are prepared to accept for an SP bet, for back bets, or the maximum odds you are prepared to offer for a lay bet. You just need to select the set odds limit option when placing the SP bet and specify the minimum acceptable odds for back bets or the maximum acceptable odds for lay bets.

If the Betfair SP falls outside the limits specified, stakes are returned and the bet is not matched. This enables Betfair to calculate the minimum profit you will make on the selection if the result goes in your favour. The profit and loss will only reflect your More info bets once the event has started and the bets have matched at the Starting Price. Betfair money back special have no plans to charge to apply a different commission structure to SP bets than that charged with conventional exchange bets.

In detail, the pricing calculation is performed as follows: The commission on SP bets will therefore be calculated in exactly the same way as normal Exchange bets. It is not possible for you to cancel a bet you have placed on the site at SP. This is so that online casino schweiz paysafe can betfair money back special an estimate of betfair money back special Starting Price based on money committed to betting at SP.

If bets could be cancelled, this estimate could be manipulated by placing a large bet and then cancelling it. If you have specified a limit on your SP back bet you can reduce the minimum odds you are prepared to accept. If you have specified a limit on your lay SP bet you can increase the maximum odds you are prepared to offer.

You will not be allowed to increase the odds on a limit SP back bet, or reduce the odds on a limit SP lay bet as this would allow customers to amend their bets to levels betfair money back special would be highly unlikely to be matched, which would have the same effect as cancelling which is not allowed, betfair money back special explained above.

This currently only affects odds markets. These options will not appear in More Options unless a Coupon is selected on screen. This is what the options are with a brief description of what betfair money back special do.

However we have added two new betfair money back special options:. Please note again that you can cancel an unmatched Exchange bet as normal, whichever option you have chosen. How do I place a bet at Betfair Starting Price?

What is SP betting? Back to top Why Betfair Starting Price? Back to top When will I know more info odds I have been matched at, and my potential winnings? Back to top How is the money matched? Back to top What is the zero deposit home loans perth stake for an SP bet?

Back to top Is there a maximum stake for SP bets? Back to top How are the bets being settled and betfair money back special They will be settled along with every other matched bet Back to top Is it linked to the Exchange, and how? In order to match that amount of money at 1. Unless the selection is genuinely a 1. In practice though a large amount of money placed to back at SP will be likely to result in a price projection that is attractive to layers, and vice versa.

To include all SP limit bets which have a limit exactly equal to the SP in the reconciliation process and match them could result in an imbalance between backers and layers. Lay bets with a higher limit and back bets with a lower limit will definitely be matched.

Back to top What changes will I see in market view? Any changes to your preferences will be stored. It is trading at 3. The system will allow this request but if unmatched at the off it will lapse. There is no immediate plan to offer SP betting across Multiples. Back to top What is the commission rate payable when betting at SP? Back to top Can I cancel or amend my SP bet? Not currently…but watch this space! Your bets will show in Current Bets at SP along with any odds limit you may have set.

Back to top What happens to my SP bet if there is a subsequent non-runner? Please refer to the SP Bet Rules section. Back to top What can I do with an unmatched bet in SP markets? However we have added two new alternative options: This provides another opportunity to get your bet matched, although there is still no guarantee you will be matched as the price may never reach the level you have requested.

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