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What (who) is alter prices - definition

ODDS APPLICABLE ON A HORSE RACE AS THE RACE IS ABOUT TO START

Starting Prices; Starting prices

Robert Alter

AMERICAN PROFESSOR

Robert Alter (scholar); Alter, Robert

Robert Bernard Alter (born 1935) is an American professor of Hebrew and comparative literature at the University of California, Berkeley, where he has taught since 1967. He published his translation of the Hebrew Bible in 2018.

https://en.wikipedia.org/wiki/Robert_Alter

Joseph Alter

AMERICAN MEDICAL ANTHROPOLOGIST AND YOGA AUTHOR

Yoga in Modern India; Joseph S. Alter; Alter, Joseph

Joseph S. Alter is an American medical anthropologist known for his research into the modern practice of yoga as exercise, his 2004 book Yoga in Modern India, and the physical and medical culture of South Asia.

https://en.wikipedia.org/wiki/Joseph_Alter

Alter-globalization

SOCIAL MOVEMENT

Altermondialization; Altermondialism; Alterglobalization; Alterglobalist; Alter-globalists; Alterglobalists; Alterglobalism; Alter-globalist; Alter-globalism; Alter-globalisation; Alterglobalisation; Altermondialiste; Altermondialist; Alter-mondialization; Alter-mondialism; Alter-globalization movement

Alter-globalization (also known as alternative globalization or alter-mundialization—from the French alter-mondialisation—and overlapping with the global justice movement) is a social movement whose proponents support global cooperation and interaction, but oppose what they describe as the negative effects of economic globalization, considering it to often work to the detriment of, or to not adequately promote, human values such as environmental and climate protection, economic justice, labor protection, protection of indigenous cultures, peace and civil liberties.

https://en.wikipedia.org/wiki/Alter-globalization

Wikipedia

Starting price

In horse racing, the starting price (SP) is the odds prevailing on a particular horse in the on-course fixed-odds betting market at the time a race begins. The method by which SPs are set for each runner varies in different countries but is generally by consensus of an appointed panel on the basis of their observations of the fluctuation in prices at the racetrack.

This is done as follows:

For each horse the odds offered by the bookmakers are ordered into a list from longest to shortest. This list is then divided into halves and the SP is the shortest odds available in the half containing the longest odds. Thus the SP or a longer price will have been offered by at least half the bookmakers in the sample.

Note: This method is slightly different from the method of calculating the median.

The principal function of a starting price is to determine returns on those winning bets where fixed odds have not been taken at the time the bet was struck.

Typically, on the day of the race, UK bookmakers offer a choice between placing a bet at SP, or taking a fixed price. When viewing future races, SP may be the only option available.

Some bookmakers offer best odds guaranteed, meaning that if a punter takes fixed odds on a race when the bet is struck and the SP turns out to be better (that is, higher), then if the punter wins, the payout is calculated using the SP. This is aimed at removing hesitancy among punters prompted by fears of taking what might prove to be a poor (that is, low) price before the race.

In the United Kingdom, the stake on an SP bet is returned if the horse is withdrawn before the race starts. For fixed-odds (ante-post) bets, the stake is retained by the bookmaker. Starting price provides a flexible way for punters to place their bets and potentially benefit from improved odds.

https://en.wikipedia.org/wiki/Starting price

Examples of use of alter prices

1. "By fixing it to the dollar then there is no need to alter prices because the dollar is pegged to the dirham and does not fluctuate as much as other currencies.

2. April 28, 2006; A01 Exxon Mobil Corp. reported $8.4 billion in first–quarter profit yesterday, as members of Congress outraged over high gasoline prices hastened to propose measures that would boost taxes on oil firms, open new areas to drilling and provide rebates to taxpayers but would not necessarily alter prices at the pumps.