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What (who) is steady prices - definition

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

Starting Prices; Starting prices

Filomina Clarice Steady

PROFESSOR OF AFRICAN AND GENDER STUDIES

Draft:Filomena Chioma Steady; Draft:Filomina Clarice Steady; Filomina Chioma Steady; Filomena Chioma Steady; Filomena Steady

Filomena Clarice Steady (previously Filomina Chioma Steady) is a US-based Sierra Leonean author and academic who specializes in the intersectionality of racism and sexism.

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

Steady state

STATE OF A SYSTEM OR A PROCESS IN WHICH THE VARIABLES WHICH DEFINE THE BEHAVIOR OF THE SYSTEM OR THE PROCESS ARE UNCHANGING IN TIME

Steady-state condition; Steady State; Steady State (Thermodynamics); Steady-state; Steady state concentration; Steady state process

In systems theory, a system or a process is in a steady state if the variables (called state variables) which define the behavior of the system or the process are unchanging in time. In continuous time, this means that for those properties p of the system, the partial derivative with respect to time is zero and remains so:

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

steady

WIKIMEDIA DISAMBIGUATION PAGE

Steady (disambiguation)

adj.

1) (colloq.) (AE) to go steady with smb ('to be smb.'s boyfriend or girlfriend')

2) (misc.) (before a race) ready, steady, go! (BE; AE has get ready, get set, go!)

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 steady prices

1. He said these societies are now competing with other retailers instead of guaranteeing steady prices and protecting consumer interests.

2. On the supply side, the Organization of the Petroleum Exporting Countries promised in September to raise output, starting in November, to steady prices.

3. The legal action comes as memory chipmakers enjoy relatively steady prices and look for firmer demand toward the year–end shopping season and the consumer launch early next year of Microsoft Corp‘s Vista operating system.