Betfair Starting Price (BSP)
16 Thu, Jan 2025
The Dataman
Betfair’s starting price operates differently from traditional bookmakers. It is determined by the volume of backers and layers in the market, with no profit margin included. This is why we believe Betfair can offer punters significantly better odds.
Advantages
- On average since its inception in 2016, Betfair Starting Price (BSP) has performed 13% better than the best tote.
- Unlike the starting prices set by other bookmakers, the Betfair Starting Price is determined by balancing the bets placed by customers who want to back or lay at the Starting Price, while also matching these bets within the Betfair exchange markets to manage any remaining demand.
- The Betfair Starting Price (BSP) is calculated to provide the fairest and most transparent odds possible for both backers and layers. Unlike conventional bookmakers, there is no need to include a profit margin; instead, the price is based on the supply and demand from opposing bettors. To further refine the price, Betfair integrates money from the exchange that is actively trading at the start of the event, offering a more accurate reflection of the public’s opinion on a particular selection.
Disadvantages
- Smaller pool sizes in some races can cause the price to not work in your favour, especially if a number of other punters have used BSP on the same runner.