Back
So, which is better: fixed odds or starting price? It depends. Whether you lock in early or wait for the off, knowing how both options work means you are betting with a strategy.
Fixed Odds vs. Starting Price: What’s Better for Horse Racing Bettors?
If you have ever placed a horse racing bet, you have probably noticed that you get a choice. You can take the fixed odds on offer right now. Alternatively, you can go with the starting price (SP).
For beginners, this can feel like a gamble before the gamble. Which is better to choose for horse racing online events today? Should you lock in early or wait and see? The truth is, both options have their pros and cons. The best option often depends on timing, strategy, and even a bit of luck. Let’s break it down.
What Are Fixed Odds?
Fixed odds are exactly what they sound like. You are locking in the odds at the time you place your bet. For example, you back a horse at 6/1 on Wednesday for Saturday’s race. If the horse’s price shortens to 3/1 by the off, you still get paid at 6/1 if it wins.
Why bettors like fixed odds:
- You can grab value early if you think the market will shift.
- It removes uncertainty. You know what your potential return is.
- If you follow racing news, you can act before the market reacts.
If the odds drift (go out), you are stuck with the shorter price. That 6/1 could become 10/1 by race day. This means you have missed out on bigger winnings. Fixed odds are often the smart choice when:
- You fancy an early price — If you are confident the horse will attract money and shorten in the market, it is best to lock in.
- You have inside info (or strong research) — Maybe the trainer’s hinted at a big run, or the ground has come up perfect for your pick.
- Big festivals and high-profile races — At Cheltenham, Royal Ascot, or the Grand National, popular horses often shorten as race day approaches. Taking early fixed odds can give you value.
What Is the Starting Price?
The starting price is the odds of the horse at the official start of the race. It is usually calculated as the average from bookmakers at the track. For example, you place your bet without fixing the odds. The horse is around 5/1 when you bet. However, by the off, the SP has moved to 8/1. If it wins, you get paid at 8/1.
Why bettors like SP:
- You do not have to worry about odds moving against you after you have bet.
- It is often the simplest option for casual punters.
- Sometimes you get a better price than what was available earlier.
If the odds shorten dramatically before the off, you will be stuck with a smaller payout than if you had locked in earlier. SP can be the safer bet in situations when:
- Unpredictable races — In large handicaps or races with big fields, odds can swing dramatically. Waiting for SP saves you from locking in a bad price.
- Casual betting — If you are not checking the markets constantly, SP is a no-stress option.
- Horses are likely to drift — Sometimes hype dies down or money flows to other runners. This means the SP is longer than early prices.
Tips for Bettors Comparing Fixed Odds vs. SP
Unsure what option works best for you? There are a couple of tips that will help you make that tough decision.
- Check if your bookie offers Best Odds Guaranteed — If yes, fixed odds are usually the way to go.
- Watch the market — If money is pouring in for your horse, odds will shorten. So, grab fixed odds early.
- Think like a trader — If a horse is unpopular in early betting, odds might drift. Waiting for SP could give you more value.
- Stay realistic — Odds are not everything. Always consider form, going, jockey, and trainer before deciding.
Let’s Wrap It Up
So, which is better: fixed odds or starting price? It depends. Fixed odds reward punters who spot value early and trust their research. Starting price suits casual bettors and those who prefer to keep things simple. Best Odds Guaranteed gives you the best of both worlds and should be your go-to whenever possible.
Betting on horse racing is about finding value, enjoying the buzz, and playing smart. Whether you lock in early or wait for the off, knowing how both options work means you are no longer just betting. You are betting with a strategy.
So next time you are at the track or on your betting app, do not just click blindly. Take a moment to decide. That little choice could make a big difference to your winnings.
