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The Casino Club Port Talbot in Wales  believed to be Britain's first legal casino  was established in 1961 by gambling mogul George Alfred James.

The disreputable nature of gambling as a vice was buttressed by prohibitive legislation. Laws to control and contain off-course betting, lotteries and sweepstakes were passed in 1823, 1845, 1856, 1906, 1934 and 1956 leaving most commercial gambling in the black economy until the Betting and Gaming Act (1960).

At the end of it all, if you are betting with a bookmaker that doesn't offer best odds guaranteed, the SP is likely the better option. Of course, this ultimately comes down to how confident you are in that horse and how much research you have done on that race, as the odds could change come to the race itself.

With standard UK and Irish horse racing when you choose SP then it doesn't matter what the price is when you take the horse, it only matters what price your horse is when the race starts - this is what you will be paid out at.