Film, Media & TV2 mins ago
help
11 Answers
what does the phrase 'the full s. p' mean
Answers
1 to 11 of 11
Best Answer
No best answer has yet been selected by suzanneb. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
Hi Suzanne
"the full sp" is an expression used in racing when showing the starting odds for all the runners in a race. It's also used as an everyday expression when giving the latest information about a situation/person etc.
examples; someone looking to invest on the stock market may ask "what's the full sp on company x" meaning the current financial position. Or someone holding job interviews may ask a colleague for the full sp about joe bloggs before the interview.
Richard
Perhaps, Suzanne, you are not too familiar with the world of horse-racing. Bookmakers - these are the companies/men who accept bets from other people on the possible result of a race - set the odds for each horse some time before the race starts.
They base these odds on what they already know about the ability of the horses involved. So, a very good horse might be quoted at 'evens', which means that, if you bet �1.00 on it and it does win, the bookmaker will give you �2.00 back...your own �1.00 plus a �1.00 of his own. A not-so-good horse may be set at 10/1. That means that, if it wins, the bookmaker will give you �11.00 back...your own �1.00 and �10.00 of his own.
As the start-time of the race approaches, these odds often change, as they are based entirely on the amount of money gamblers - including those at the race-track - finally place on each horse. So, if the 10/1 horse attracts lots of support, its odds will gradually move in from 10/1 to, perhaps, 4/1. Likewise, the evens (1/1) horse might lose support and move out to 3/1.
The moment the starter gets the race going, the odds on each horse are finally set and those odds are called "the starting price". "The full SP", therefore, means the list of odds on all the horses in a given race. In other situations, away from racing, the phrase means the same thing...ie "all the necessary information".
They base these odds on what they already know about the ability of the horses involved. So, a very good horse might be quoted at 'evens', which means that, if you bet �1.00 on it and it does win, the bookmaker will give you �2.00 back...your own �1.00 plus a �1.00 of his own. A not-so-good horse may be set at 10/1. That means that, if it wins, the bookmaker will give you �11.00 back...your own �1.00 and �10.00 of his own.
As the start-time of the race approaches, these odds often change, as they are based entirely on the amount of money gamblers - including those at the race-track - finally place on each horse. So, if the 10/1 horse attracts lots of support, its odds will gradually move in from 10/1 to, perhaps, 4/1. Likewise, the evens (1/1) horse might lose support and move out to 3/1.
The moment the starter gets the race going, the odds on each horse are finally set and those odds are called "the starting price". "The full SP", therefore, means the list of odds on all the horses in a given race. In other situations, away from racing, the phrase means the same thing...ie "all the necessary information".
1 to 11 of 11
Latest Posts
Film, Media & TV2 mins ago
Film, Media & TV2 mins ago
Film, Media & TV2 mins ago
Quizzes & Puzzles3 mins ago
