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The SPT writes set price bets on races
against the normal totalizator (tote) pool at about the same level as
bookmakers' prices. The price is set (fixed) at the time of the bet and so the punter can choose when to bet
to get the best price. The set
prices are slightly lower than tote prices. This price difference protects the
tote pool and can be adjusted and arranged to actually provide better tote prices,
especially for early tote bets. Writing bets against the tote pool protects the level of
tote profit.
It is believed to be a better and fairer system
and ultimately, is inevitable. But without support, it will be delayed in some areas.
This
page aims to provide an overview of the site and
selected in-depth information. However, the most detailed understanding of the
SPT will be obtained via the menu in the left hand column.
FEATURES
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The initial pool is built by first accepting variable price bets. |
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Then set prices are available in the busiest
period when most betting occurs. |
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The existing pool protects against a
loss from set price bets. |
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Set prices are about the same level as bookmakers' prices. |
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Typically, limits won't restrict most punters. |
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Limits
are on the size of the bet, the price, or a combination. |
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Typically, prices recalculated about as often as
they are now. |
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Punters can confirm that the bet and price are what they want. |
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Typically, punters will get the price
seen when they bet. |
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The SPT combats price manipulation. |
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Examples indicate a resilient response to extreme conditions. |
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Set prices and variable prices are balanced. |
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Enormous versatility: parimutuel, non-parimutuel or hybrid. |
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Even more versatility: various set prices; sports betting option. |
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Other systems have many inbuilt limitations. |
