The best way to explain how a place bet works is to work through an example of these types of wagers. Again, this works similarly with the returns from these types of bets being the same regardless of the final position.īet on local and international races at BetOnline. For example, golf has a series of place bets that can include anywhere from five to 10 places. This will also change based upon the sport on which you’re betting. It’s worth noting that there’s no fixed criteria for this, and it can vary depending on the racebook. Races with seven or more will include the show bet as well. Generally, for races of six or fewer horses, only the outright winner and place will be accessible.

It’ll depend on the number of runners in the race as to how many of these markets form. The place, as stated, is a horse to finish in either 1 st or 2 nd, and the show is an extension of this, which includes the first three positions in any order. The outright winner is where you bet on the horse first past the post. It makes up part of three major bets for the sport:

The bet type is most popular with horse racing, and it’s here where we’ll dedicate the majority of this guide. The top two spots in the race/event are known as a “place” in the US, but it’s worth noting that in other countries, the place can include the top three or even more spots, depending on the number of different runners. What is a Place Bet?Ī place bet is where your selection needs to finish either 1 st or 2 nd. In this guide, we’ll walk you through how the bet works, variations of the market, and the strategies you need to make your wager more profitable. Even though it’s an easy bet, becoming a consistent winner from the place bet requires a lot of skill. The place bet is one of the most popular markets to bet on, especially for sports such as horse racing, where it’s only beaten by the outright winner market.

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