Place Betting Term Meaning
Place betting is one the most common wagers placed in horse and greyhound racing. They generally have lower payouts than Wins, Exactas, Quinellas and Trifectas but they are paid out on a much more frequent basis.
Place betting is generally used on outsiders, horses that you don’t expect to win but could finish 2nd or 3rd at long odds. Place bets can also be used as insurance bets on favourites.
What is a Place Bet?
A place bet is betting on a runner to finish 1st, 2nd or 3rd. Depending on the number of runners in a race, usually calculated at eight or less, the place bet could be limited to 1st and 2nd.
What is Show Betting?
Place betting can also be referred to as Show betting. Show betting can refer to a runner that finishes in 3rd place. Betting on a horse to Show means the runner you select must finish 1st, 2nd or 3rd to be a winner.
What is the minimum wager for a Place bet?
The minimum stake for a Place can vary among bookmakers. Bookmakers at race tracks will also have different minimum wagers for Place bets. It is usually $.50 or $1.
Can I bet a horse to Win and Place?
Yes it is possible to bet a horse to Win and Place. You can place the same amount on the Win and Place or place less on the Win and more on the Place depending on the odds available.
How much can I win on a Place bet?
Winning on Place bets can be very profitable because the runner doesn't need to win the race to be successful. Many horses can be paying in the $40-50 range in the win market and $7 in the place market.
Place betting on sport
Place betting is available in many sports including tennis, golf, snooker or darts. If you think a player has a good chance of making the final, the odds on the place could be an option to give you a better chance turning a profit.
In golf, place betting is major market due the large number of players taking part in each tournament.
Place Betting FAQ
What is Place Betting?
Place betting is generally referred to horse and greyhound racing with runners selected to finish 2nd or 3rd.
What is Place Betting in Golf?
Place Betting in Golf is selecting a player to finish either top 3, top 5, top 10 or top 20.