What does SGP mean in betting?
Introduction
Sports betting is a thrilling and exciting activity that has been enjoyed by millions of people worldwide for many years. To succeed in the world of sports betting, it is important to understand the various terminologies that are used. One of these terminologies is SGP, which stands for "Starting Price Guaranteed."
In this blog post, we will discuss what SGP means in betting and how it can help increase your chances of winning.
What is SGP?
SGP is a type of bet that guarantees that you will receive the starting price odds at the time of placing the bet, regardless of any fluctuations in the odds before the race or event starts. The starting price is the odds offered by the bookmaker at the start of the race or event, and it is determined by the total amount of money that has been placed on each selection.
With SGP, you can place a bet on a selection and be assured that you will receive the starting price odds, even if the odds change before the race or event starts. This can be beneficial for bettors who want to lock in a specific set of odds, especially if they believe that the odds will decrease before the race or event starts.
It is important to note that SGP is only available for specific events, mainly horse racing and greyhound racing.
How does SGP work?
To place an SGP bet, you need to select the SGP option when placing your bet. Once you have selected the SGP option, your bet will be placed at the starting price odds, regardless of any changes in the odds before the race or event starts LeoVegas.
For example, if you place an SGP bet on a horse at odds of 5/1, and the starting price odds for the horse are 3/1, you will receive the 3/1 odds when the race starts, even though you placed your bet at 5/1. On the other hand, if the horse's starting price odds are 7/1, you will still receive the 5/1 odds, which is the odds that you placed your bet at.
SGP is a useful feature for bettors who want to lock in a specific set of odds. It can also be used by bettors who believe that the odds may decrease before the race or event starts. SGP offers a sense of security to bettors, as they will always receive the starting price odds, regardless of any fluctuations.
Advantages of SGP
There are several advantages of using SGP in sports betting. They include:
- Lock in the starting price odds: SGP allows you to lock in the starting price odds, which can be beneficial if you believe that the odds may decrease before the race or event starts. This feature is especially useful for horse racing and greyhound racing events, where the odds can often fluctuate rapidly.
- Sense of security: SGP offers a sense of security to bettors. With SGP, you know that you will always receive the starting price odds, regardless of any fluctuations in the odds before the race or event starts.
SGP vs Best Odds Guaranteed (BOG)
Best Odds Guaranteed (BOG) is another type of bet that guarantees that you will receive the best odds available at the time of placing the bet or the starting price, whichever is higher. BOG is usually offered for horse racing events.
The main difference between SGP and BOG is that SGP guarantees the starting price odds, while BOG guarantees the best odds available at the time of placing the bet or the starting price, whichever is higher.
Here is a table that summarizes the differences between SGP and BOG:
| Feature | SGP | BOG |
| Guarantees | Starting Price Odds | Best Odds Available or Starting Price, whichever is higher |
| Available for | Horse racing and greyhound racing events | Horse racing events |
| Benefit | Lock in specific set of odds | Get the best odds available |
In conclusion, SGP or Starting Price Guaranteed is a type of bet that guarantees that you will receive the starting price odds at the time of placing the bet, regardless of any fluctuations in the odds before the race or event starts. This feature is only available for specific events such as horse racing and greyhound racing.
Bettors who want to lock in a specific set of odds or believe that the odds may decrease before the race or event starts can benefit from SGP. To place an SGP bet, you need to select the SGP option when placing your bet. With this knowledge, you can now make informed decisions when it comes to SGP bets and increase your chances of winning.
FAQ: What Does SGP Mean in Betting?
Q: What is SGP?
A: SGP stands for "Starting Price Guaranteed." It is a type of bet that guarantees that you will receive the starting price odds at the time of placing the bet, regardless of any fluctuations in the odds before the race or event starts.
Q: How does SGP work?
A: To place an SGP bet, you need to select the SGP option when placing your bet. Once you have selected the SGP option, your bet will be placed at the starting price odds, regardless of any changes in the odds before the race or event starts.
Q: What are the advantages of SGP?
A: There are several advantages of using SGP in sports betting. They include:
- Lock in the starting price odds
- Sense of security
Q: What is the difference between SGP and Best Odds Guaranteed (BOG)?
A: The main difference between SGP and BOG is that SGP guarantees the starting price odds, while BOG guarantees the best odds available at the time of placing the bet or the starting price, whichever is higher. SGP is available for horse racing and greyhound racing events, while BOG is usually offered for horse racing events only.
Q: How can I benefit from SGP?
A: Bettors who want to lock in a specific set of odds or believe that the odds may decrease before the race or event starts can benefit from SGP. With SGP, you can lock in the starting price odds and be assured that you will always receive them, regardless of any fluctuations in the odds before the race or event starts.
Q: How do I place an SGP bet?
A: To place an SGP bet, you need to select the SGP option when placing your bet. Once you have selected the SGP option, your bet will be placed at the starting price odds.
Q: Is SGP available for all types of sports events?
A: No, SGP is only available for specific events such as horse racing and greyhound racing.