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Horse Betting: How to Make a Place Bet. Place - Your horse must come in first or second. Next to the win bet, the Place wager is one of the oldest and most traditional. With a place wager, your horse must finish first or second. The wager pays the same whether your horse wins or not.
Place means to finish in the top three places. The odds for a place bet are shorter than those for a win bet on the same runner, as it is far more likely the runner will finish inside top three than win. Place betting plays an enormous role in betting and is available as a tote betting product and also with online bookmakers.
What is a Place Bet? When you bet to place your horse must finish first or second in order for you to cash a ticket. The payoffs are understandably lower on winning place bets because the place pool (all money wagered to place on a race minus the track takeout) is split between two horses – the horse that wins the race and the horse that finishes second.
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Place betting is essentially a bet on a selection performing well, but not necessarily winning - unlike an outright bet. The number of places offered will depend on the sport and the size of the field. You should read the individual sports to place rules before betting. The number of places you can bet on depends on the size of the field and sport.
For one, you don’t need to go to a casino. All you need to do is login to a sportsbook online and click a couple buttons to place a bet. Place a bet on your couch or from your office.
The best way to profit from place betting is to compound the returns from a betting system with a very high strike rate (around 90%). This place betting system is perfect for this and can be easily applied with just a basic form guide (no computer required).