Plumpton: 11 new fractional odds were introduced on Monday
PICTURE: Getty ImagesNew fractional odds introduced at Plumpton
HISTORY was made at Plumpton on Monday when Here's The Key finished third in a novice hurdle to become the first horse in Britain to be returnedat odds of 13-5.
The price is among 11 new fractional odds with which punters and bookmakers will need to familiarise themselves after being sanctioned by the Starting Price Regulatory Commission.
Although the betting industry was alerted to the changes, which apply to both shows and starting prices, betting pundit John McCririck claimed they will further disadvantage punters who were left in the dark over their introduction.
The move caught plenty of punters by surprise and it follows the inclusion of additional prices in the latest table of rule 4 deductions from winning bets compiled by Tattersalls Committee following last year's review of the rules on betting.
Ali Slater, starting price operations manager at the Press Association, which plays a leading part in the return of SPs, said: "All SIS and TurfTVcustomers were advised of the inclusion of these prices."
The new prices are: 7-5 (rule 4 deduction of 40p), 8-5 (35p), 9-5 (30p), 11-5 (30p), 12-5 (25p), 13-5 (25p), 14-5 (25p), 16-5 (20p), 17-5 (20p), 18-5 (20p), 19-5 (20p).
Slater added: "The SPRC has also recommended that a working group is put together to discuss the further inclusion of non-customary fractional odds as possible shows and starting prices, or with an aim to produce a finite industry approved list of odds."
In November, the Racing Post reported that starting price margins for bookmakers had dropped to their lowest point in four years.
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