Seems a few peeps aren't 100% sure of what these bad boys are, so here you go:
Split Squats are amazing. I use them with all my clients (if appropriate of course); good for core work too. Great at targeting the VMO muscle (teardrop on quads).
And the Split Squat could also be called a "Static Lunge".
Some key points for form:
1. Keep the front foot flat on the floor throughout the entire range of motion; and turn out about 5º
2. Maintain correct knee tracking; i.e. knee should be inline with front foot.
3. Aim to touch the hamstring on the calves in the lowest position; i.e. drive the knee forward
4. Keep the truck completely upright from start to finish, as the tendency will be to lean forward;
5. Split squats are a diagonal movement pattern and not an ‘up/down’ vertical exercise (like most people perform lunges). Therefore, the descent involves the knee and hips moving forward and down and the ascent is up and back as one smooth movement.
Bulgarian Split Squats are the same but with the back foot elevated on a step (or low box). This lower back foot position allows for a greater stretch in the hip flexors and a larger range of motion on the working knee.
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Some pics here of Sprinters Squats & Bulgarian Split Squats. Normal Split Squats are the same just with back foot on the floor.

