Search the Community
Showing results for tags 'racing'.
Found 1 result
A Government licence Cover the draw is required for a bookmaker to field on a racetrack. Often punters who could not get to a horse race meeting would bet with illegal bookmakers, known as SP bookmakers. SP stood for starting price, and they would offer the official starting odds of a runner. Because these were often not known until well after the race meeting was finished, SP bookmakers would usually have a settling day, when all punters would come and settle their bets and the winning ones receive their payouts. https://binarytradingfactory.com/cover-the-draw-review/