What Is A Place Bet In Horse Racing?
What Does Place Mean In Horse Racing?
In horse racing, a “place” refers to a horse finishing in second position, immediately behind the winner. It is one of the three main finishing positions, along with “win” (1st) and “show” (3rd), and is often used in horse race betting.
What Is Place Betting In Horse Racing?
In horse racing, “place betting” involves betting on a horse to finish in the top two positions (1st or 2nd). If the selected horse places, the bettor receives a payout. However, it is typically at lower odds than a win bet.
How To Make A Place Bet In Horse Racing
To make a place bet on horse racing via your betting app, follow the below steps:
- Select the race
- Pick your horse
- Click the bet type next to your horse: Select “Place” from the bet options
- Enter your stake
- Confirm & place the bet
What Happens If You Bet A Horse To Place And It Wins?
If you bet a horse to place and it wins, you still receive a payout. In this scenario, the place bet is considered a winning bet, and the payout is typically the same as if the horse had finished second. You won't receive the higher win bet payout, but you'll still collect the place bet winnings.
What Is The Difference Between A Place vs Show Bet?
The main difference between a place and a show bet is the finishing position required for a payout. A place bet requires the horse to finish first or second, while a show bet requires the horse to finish first, second, or third.
Show bets typically offer lower payouts than place bets due to the increased likelihood of a winning outcome.
