News Business Coronavirus Affects Starting Price in UK Racing

Coronavirus Affects Starting Price in UK Racing

-

The effects of the coronavirus, which has led to widespread cancellations of sporting events in the UK are now being felt by the racing industry. And for UK horse racing punters there will be a significant change in the way that one of the key factors in horse racing betting works.

With racing in Scotland already affected by the Scottish government’s rule about the banning of gatherings of more than 500 people, Monday’s race meeting at Kelso is set to go ahead behind closed doors, although racing throughout the UK is likely to follow suit. And that means that the usual method for calculating the starting price (SP) of horses in each race, which is usually based on prices offered by on-course bookmakers, cannot be operated.

As a result, the industry’s Starting Price Regulatory Commission (SPRC) has developed another approach to finalise the official SP. The alternative system that will operate at Kelso, and which could become a model for the rest of the industry, will involve eight bookmakers, including Paddy Power, Betfred, Boylesports and William Hill, providing their prices through the Press Association. This information will then be used to produce a final SP. It is understood that the normal process of turning the various prices into the SP will be followed as usual.

Speaking about the arrangement, the Chairman of the SPRC, Lord Donoghue, said that the organisation had been involved in ongoing discussions on the issue to prepare for all race meetings being held without spectators. And the new SP calculation received a cautious welcome from Colin Hord, the Horseracing Bettors Forum chairman:

“In these exceptional circumstances there is no alternative. We will monitor the SPs, starting with Kelso.” 

Meanwhile, in Ireland, where racing has already been taking place with no spectators, the SP has been calculated by racing company SIS, using the same method they employ for race meetings in locations such as France and Dubai, which have no on-course betting.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

European Praise for Gambling Industry

The European Commission (EC) has given a positive assessment of a push by the gambling industry to...

Online Gambling Drops but Machine Gambling Rises in UK

The UK Gambling Commission (UKGC) has revealed details for all sectors of the gambling industry for the period of...

Delay for New Irish Gambling Regulator

The aim of the Irish authorities to revamp the nation’s system of gambling regulation have suffered a...

Gamble Aware Call for more Public Involvement

A leading gambling charity has issued a report that calls for more involvement from members of the...

UKGC Slot Design Consultation Closes

The UK Gambling Commission (UKGC) has closed its public consultation on the future of online slot design and associated...

New Code for UK Gambling Operators

Leading UK gambling industry body, The Betting and Gaming Council (BGC) has announced a new version of their Code...

Must read

Guide to Online Casino Bonuses

Anyone who has visited an online casino site...

The online casino sector is one of...

You might also likeRELATED
Recommended to you