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Archive of posts published in the category: Definitions

What Does Each Way Mean in Horse Racing?

An each-way bet consists of two parts: a win bet and a place bet. If the horse wins, both parts pay out. If the horse places (finishes in one of the top specified positions), only the place part pays out, often at a…

What Does Nap Mean in Horse Racing?

Nap in horse racing refers to a tipster’s best bet of the day. It’s the selection they believe has the highest chance of winning, based on their analysis and insights. The term “Nap” is derived from the card game Napoleon, where it signifies…

What Does SP Mean in Horse Racing?

SP, or Starting Price, is the official odds of a horse at the time a race begins. These odds are set by on-course bookmakers and represent the final betting market conditions. SP is commonly used to calculate payouts for bets placed at “starting…