Place Horse Racing Bet

A "Place" bet in horse racing means that you are betting on your selected horse to finish the race in either first, second or third place.

A "Place" bet can be useful when you are unsure if your horse can finish first, but quite confident he can finish in the top three. One caveat though, the odds for "Place" bets are typically in the range of one-quarter of "Win" bets. This is because the pool of monies wagered is divided between the top three horses.

Bookies list down all available runners for a race together with their corresponding "Place" odds. "Place" odds are usually located right after the "Win" odds. All you have to do is select your favorite horse and type in your stake. Your potential winnings are automatically calculated as you complete your bet slip.

Here's an example with the runners of the 2018 Melbourne Cup:

NO. HORSE WIN PLACE
1 Best Solution (6) T: Saeed Bin Suroor | J: Pat Cosgrave 16.00 5.00
2 The Cliffsofmoher (9) T: Aidan O'brien | J: Ryan Moore 23.00 7.50
3 Magic Circle (17) J: Corey Brown | T: Ian Williams 7.00 2.60
4 Chestnut Coat (4) J: Yuga Kawada | T: Yoshito Yahagi 71.00 19.00
5 Muntahaa (13) J: Jim Crowley | T: J H Gosden 19.00 5.50
6 Sound Check (16) J: Jordan Childs | T: M D Moroney 41.00 11.00
7 Who Shot Thebarman (18) J: Ben Melham | T: C J Waller 31.00 18.00
8 Ace High (22) J: Tye Angland | T: David Payne 71.00 4.00
9 Marmelo (10) J: Hugh Bowman | T: H Morrison 12.50 4.18
10 Avilius (11) J: Glyn Schofield | T: James Cummings 16.00 2.15
11 Yucatan (23) J: James Mcdonald | T: A O'brien 6.60 19.00
12 Auvray (1) J: Tommy Berry | T: R A Freedman 81.00 19.00
13 Finche (15) J: Zac Purton (54.0kg) | T: C J Waller 26.00 6.50
14 Red Cardinal (5) J: Damien Oliver | T: D K Weir 31.00 9.50
15 Vengeur (2) Masque J: Patrick Moloney | T: M D Moroney 71.00 14.00
16 Ventura Storm (7) J: Mark Zahra | T: D & B Hayes & T Dabernig 34.00 9.50
17 A Prince Of Arran (20) J: Michael Walker | T: Charlie Fellowes 23.00 6.50
18 Nakeeta (3) J: Regan Bayliss | T: Iain Jardine 81.00 26.00
19 Sir Charles Road (14) J: Dwayne Dunn | T: L O'sullivan & A Scott 101.00 26.00
20 Zacada (24) J: Damian Lane | T: M Baker & A Forsman 101.00 26.00
21 Runaway (12) J: Stephen Baster | T: G Waterhouse & A Bott 41.00 12.00
22 Youngstar (8) J: Craig Williams (51.5kg) | T: C J Waller 11.75 3.50
23 Cross Counter (19) J: Kerrin Mcevoy (51.0kg) | T: Charlie Appleby 12.00 2.80
24 Rostropovich (21) J: Wayne Lordan (51.0kg) | T: A O'brien 23.00

Of course Cross Counter won the race and those who made "Place" bets on him won too. With "Place" odds of 2.80, a $10 stake easily returned $28.

Marmelo came in second. But those who made "Place" bets on him certainly felt like they won too! With "Place" odds of 4.00, a $10 stake easily returned $40.

A Prince Of Arran may have came in third, but those who made "Place" bets on him are the big winners among the top three finishers! With "Place" odds of 6.50, a $10 stake easily returned $65!


European Betting Guide

Sports Bet Types


Australian Betting Guide


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